28 Jul 2006

Calls for state-owned enterprises in PNG to improve

9:07 am on 28 July 2006

The Business Council of Papua New Guinea says foreign investment could be booming if state owned enterprises improved their service delivery.

The Post Courier reports the Council president Henry Kila as saying PNG was an expensive place to invest in due to regulatory barriers and land issues.

During the Pacific 2020 forum held in Port Moresby this week Mr Kila highlighted that the private sector will drive economic growth if business costs are removed.

The Pacific 2020 report, sponsored by AusAID, revealed a World Trade Organisation report stating that PNG is the most expensive place to do business in the region.