O'Neill opens investment conference in Sydney

PNG PRIME Minister Peter O’Neill opened the Papua New Guinea Mining and Petroleum Investment Conference in Sydney this morning.
O'Neill opens investment conference in Sydney O'Neill opens investment conference in Sydney O'Neill opens investment conference in Sydney O'Neill opens investment conference in Sydney O'Neill opens investment conference in Sydney

Commenting on O'Neill's address, one industry insider told PNGIndustryNews.net that he believed the Prime Minister's remarks were generally well received by delegates.

"The presentation was non-controversial and the focus on stability of government and the predictability of legislations was positive," the source said.

The Prime Minister asked resources sector companies to engage more with Papua New Guinea's small and medium businesses to help business owners to grow capacity.

The presentation highlighted successes and challenges in the resources sector and gave some perspective on the ongoing partnership between the government and private sector.

"The conference is an important annual event that brings together a broad cross-section of the Australian resources sector, investment community and other stakeholders," O'Neill said.

"I look forward to further sharing perspectives on how our government, the resources sector and landowners can work together to achieve a new era of cooperation, stewardship and partnership."

O'Neill said his government had a 12-point plan to significantly grow the country's SME sector.

"Papua New Guineans are very entrepreneurial and many more people would like to start and operate their own business," he said.

"We want to see SMEs compete for contracts and for supply and service work across the sector.

"There are many opportunities for small and medium size business in areas that include travel relates services, retailing, village based industries and information technology."

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