Number of PNG companies increase significantly

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BY BARNABAS MANEBONA

THE number of PNG companies operating in Solomon Islands has significantly increased over the years and there is more interest shown by others to invest in the country.

Both countries are encouraged to promote an investment environment that will enable business establishment and growth to boost each other’s economy and create employment opportunities.

PNG High Commissioner to Solomon Islands HE Mr Fred Yakasa said that Solomon Islands companies are encouraged as well to invest in PNG where there is a bigger market base and opportunities.

Solomon Islands Prime Minister Hon Manasseh Sogavare when speaking during the 42nd Independence Celebration held at the PNG Chancery over the weekend said that there are now more than 50 investment companies in the country as there is need for more.

“’PNG has the Kina and we want it,” said the Prime Minister.

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