Deal inked to promote PNG business

By SALLY TIWARI
THE Investment Promotion Authority (IPA), in collaboration with the Oxford Business Group (OBG), are to promote Papua New Guinea business opportunities overseas through the publication of a magazine.
IPA managing director Ivan Pomaleu signed a memorandum of understanding with OBG yesterday, saying the arrangement was to co-publish a magazine called The Report, Papua New Guinea 2012.
Pomaleu said IPA had agreed to cooperate with OBG to do a detailed profile of the investment and economic condition of PNG which was important for the country.
He said OBG was a high-profiled company with world-wide audiences and had a better understanding of PNG’s investment climate and was therefore the best vehicle to lure investors.
OBG country director Annie Michailidou said this report would be the first edition providing an annual review of PNG’s economy and there would be editions every year.
“It is one of our aims to ensure we give potential investors the information they need in our report by describing the economic climate through observations interviews and opinions,” she said.
The report will be collected over a period of six months and will be 250 pages in length, covering 15 sectors including agriculture mining and transport.
 It would provide a comprehensive analysis of the socio-political and economic developments in the country along with analysis of key economic sectors.
OBG is a research consultancy and publishing company, which specialises in producing a series of annual macroeconomic intelligence publication covering more than 30 countries throughout Asia, the Middle East, Africa and Latin America.