A LOCAL businessman, Solomon Peter has expressed frustration over an influx of Asians, claiming they were not investing locally.
He said they were also not providing adequate employment opportunities for locals.
"They are employing a minority of Papua New Guineans and their businesses are flooding the PNG market. Local businessmen and women in PNG are becoming spectators with no space for their businesses.
When you look around, some of these foreigners enter the country illegally," Mr Peter claimed.
He said the population of foreigners was increasing at a rapid rate which he claimed spelt poverty for PNG.
"I’m afraid that when we calculate the number of people entering our country illegally, it will be higher than the number of people entering the country legally.
"We are at a dangerous point," he said.
He said the Department of Immigration must find out how many foreigners are entering the country legally and how many are entering illegally.
"One day Papua New Guinea is going to be ruled by foreigners if we continue to turn a blind eye and ignore this," he said.
He said Papua New Guinea’s laws and security are not strong and that is why people are entering illegally.
Morobe Province commerce advisor Tali Yanga agreed with the concern raised, saying the situation needs government institutions and agencies to work together to address.
"Investor influx is good but they must be genuine and contribute to our economic development, and not moochers who will only generate and deposit back in their country." Post Courier
He said they were also not providing adequate employment opportunities for locals.
"They are employing a minority of Papua New Guineans and their businesses are flooding the PNG market. Local businessmen and women in PNG are becoming spectators with no space for their businesses.
When you look around, some of these foreigners enter the country illegally," Mr Peter claimed.
He said the population of foreigners was increasing at a rapid rate which he claimed spelt poverty for PNG.
"I’m afraid that when we calculate the number of people entering our country illegally, it will be higher than the number of people entering the country legally.
"We are at a dangerous point," he said.
He said the Department of Immigration must find out how many foreigners are entering the country legally and how many are entering illegally.
"One day Papua New Guinea is going to be ruled by foreigners if we continue to turn a blind eye and ignore this," he said.
He said Papua New Guinea’s laws and security are not strong and that is why people are entering illegally.
Morobe Province commerce advisor Tali Yanga agreed with the concern raised, saying the situation needs government institutions and agencies to work together to address.
"Investor influx is good but they must be genuine and contribute to our economic development, and not moochers who will only generate and deposit back in their country." Post Courier
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Solomon Peter highlights a critical issue of an influx of Asians not investing adequately in Papua New Guinea. Addressing legal entry and ensuring genuine contributions to economic development is crucial
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The text discusses the factors influencing investment decisions in Papua New Guinea, including infrastructure, regulatory frameworks, risk perception, and potential returns. It also discusses internal barriers to investment, such as access to finance and skill gaps. The text emphasizes the positive aspects of Papua New Guinea's investment landscape, such as its rich natural resources and diverse economy. It suggests addressing internal challenges and promoting sustainable investment through policy improvements.
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Chinese Bank Wants New Bid for PNGs Blog: Uncover the latest developments in China's financial interests in Papua New Guinea (PNG). Delve into analyses of investment strategies, economic impacts, and geopolitical implications. Stay informed about the evolving relationship between China and PNG and its ramifications for global economics and politics.bankruptcy advice near me
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