In this episode of Business PNG, the National Development Bank Investments, under its Stret Pasin Incubator, launched the new mobile catering tool, Mealz on Wheelz.
Toted as being a solution to boost the SME sector in the country, the food carts also aim to address some major impediments in the sector, such as access to market and mobility.
Also on the show, one of the country’s oldest manufacturing companies, KK Kingston, says it may lay off some of its eight hundred plus workers if the pressures of the depleting foreign currency continue in the coming months.
While, jobs are at stake, the Bank of Papua New Guinea Governor, Loi Bakani, says importers need to look to cheaper alternatives for imports.
Lae manufacturers who are importing are suffering, while those who are sourcing local, raw materials are still getting by.
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