Change negative views to attract investment: Official

PERCEPTION drives investment decisions in an environment where competition for the global investment dollar is intense, says Grow PNG Limited executive director Ivan Pomaleu.
Pomaleu, a former Investment Promotion Authority boss and last years’ Apec ambassador, shared this insight during the Business Regulators Summit in Port Moresby yesterday.
“We are not the only country that people want to go and invest in, if we are not friendly, they will go elsewhere,” he said.
“Businesses are run by people, people have feelings, if people are not feeling safe, they won’t come to your country.
“For PNG to attract its share of the investment dollar, it must deal with issues that build a negative perception in our investing and indeed business environment.
“The cost of intervention is not necessarily in kina, but a solid focus, resilience and commitment.”