Knowing where to invest key to growing money, locals told

By ELIAS LARI
MONEY has the potential to grow when people know where to invest, Small and Medium Enterprises Corporation (SMEC) managing director Petrus Ralda says.
Ralda said people did not need a bank loan to start a business, they could start off with any amount they had.
Over 100 people received certificates after attending a two-week training on SME at Kamda village in Nebilyer, Western Highlands on Thursday.
Ralda said the problem in Papua New Guinea was the mindset, how people thought and did things.
“Use the knowledge you gained from this training of doing business and start having control over your spending.
“Any amount that hits your pocket can be increased and multiplied if you know where you are spending and on which areas,” Ralda said. “The problem we have in PNG is the mindset this is why we keep becoming beggars and people who depend on handouts.”
Ralda said SMEC was conducting training by targeting wards throughout the country in order to reach ordinary Papua New Guineans. He said in PNG, people were more focused on spending money on bride price payments, compensations or death related events.
Ralda urged the people to understand the difference between business culture and community culture before spending.
“You need to change if you want to go into business,” he said.