Singapore willing to host investment roadshow

SINGAPORE is willing to host the Papua New Guinea Trade and Investment Roadshow next year to market all the opportunities it can offer to Asia, says Singapore’s trade and industry minister Kim Yong Gan.
He was responding to a request from the International Trade and Investment Minister Richard Maru during a meeting last week in Bangkok, Thailand.
PNG would also use the opportunity to speak to investors and businesses in Singapore.
“It would be an opportunity to see if there is any appetite for the investors in Singapore to look at investing in PNG,” Maru said.
It was agreed during the meeting on the sidelines of the Asia-Pacific Economic Cooperation (Apec) Leaders’ Summit that a trade team from PNG would visit Singapore to:

• FIND out areas of interest in trade and investment; and,
• WORK with the Singapore Business Federation to organise the roadshow which will be focused on areas of interest.

Gan said Singapore was interested in buying PNG’s liquified and natural gas (LNG) and food such as chicken, which they currently import from Brazil.
“Now with our plan to establish a trade mission (there) next year, it is important for us to deepen this relationship,” Maru said.
Maru also plans to stage the next PNG Mining and Petroleum Investment Conference in Singapore rather than in Australia.