IPA to uphold standard

FORMER Investment Promotion Authority (IPA) managing director Ivan Pomaleu says certain adjustments have to be made to the institution.
He said one of these was to secure a permanent office for the authority.
“I also think that our work with the securities commission can take on a more prominent dimension now that the enabling legislations have been enacted,” Pomaleu said.
“I also think that at some stage the intellectual property work must also be ramped up,” Pomaleu said.
“At the human resources front, a more robust application of our human resources plans must be taken up, including housing for staff.
Pomaleu, from Manus, started with the IPA in Sept 1996 when he was 32 years old.
He spent 20 years with the authority, 15 of which as managing director.
Some of the key outcomes achieved under Pomaleu as the managing director include the passing of no less than five key legislations, namely the amended Companies Act 2014, Business Names Act 2014, the Securities Commission Act 2015, Capital Markets Act 2015, and Central Depository Act 2015.
“The IPA has benefited from stability in tenure both at the board and management levels.
“It means a lot to me that I have been allowed to see through three full contracts.”
Commending his former colleagues and board, including the Trade Commerce and Industry Ministry and department, he continued:  “I have always said that the board of the IPA is one of the best team of great men and women.
“It is sprinkled with wise men and women and is infused with dozens of years of combined experiences in Papua New Guinea and internationally.”