Govt has incentive plan for SMEs: PM

THE Government has a special incentive plan for small-medium enterprises and contractors, according to Prime Minister James Marape.
“Tidy your company books, pay your honest tax and if you want to go the next phase of your business, we will inject very soft term loans (possibly 5 per cent repayment rate over 40 year period),” he said in a statement.
“Prepare to be part of our programme to resuscitate our businessmen and women.”
Marape said all projects agreements “in compliance and congruent to all our laws will be honoured”.
He also plans to ask a few “young educated Papua New Guinea citizens” on their views about “Taking Back PNG”.
“I don’t buy into outside advisers. We have an intelligent and experienced pool in country,” Marape said.
“Let us mobilise into cohesive units.”
He plans to address the nation on Wednesday on radio and television “on some of these points plus others”.
“But for now you can see where my mind is,” Marape said.
“And those of you who want to work with me please align here or offer me a better solution to make Papua New Guinea the richest black Christian nation on earth, where no child in all parts of our country is left behind.”