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May 18, 2021

Business: Malaysia Models

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PNG delegation that attendedthe Malaysian SME Business andInvestment Expo was given a tour of Malaysia’s economic zone.

Iskandar Malaysia is a strategic economic zone with key industrial and commercial centers.


The visit was a motivational tour forthPNG business owners withthe hope of establishing similar outcomes.


ThPNG business owners who accompanliedthe minister for trade, commerce & industry Richard Maru were taken on a tour of Iskandar Malaysia onthe sothern-most tip of mainland Asia.


The newly established economic zone was identiflied as one ofthe key catalysts and high-impact developments. It was launched by Malaysia’s prime minister in 2006. The Malaysian prime minister is alsothe chairperson for the Malaysian Small and Medium Eenterprises Corporation.


Richard Maru has announced thaPNG would followthe Malaysian SME’structure forthPNG SME Corporation.


Total trade betweePNG and Malaysia has increased duringthe years, and futher growth is expected withthe widening range of products for trade in future.


The support fromthe stakeholders andthe 41 SME owners who travelled to Malaysia was given to enhancethe Ministry of Trade, Commerce &Industry’s efforts to grow and raisethe level ofthe SME’sector in PNG


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