Paul Berker fromtheInstitute of National Affairs, Ernie Gangloff from Gangloff Consulting, who is alsothe President ofthe Papua New GuineaBusiness Council, as well as Madang-based businessman, Allan Berd, arethe panel members.
Foreign-owned businesses greatly outnumber local businesses in PNG This is a great concern that is shared by local SMEs, urgingthe Government to create protectionist policies for indigenous SMEs. This is particularly at a time whenthere is a resource boom inthe country, offering a lot of business opportunities.
Given thatthPNG economy consists of a dominating informal sector, financial and business literacy is vital for the growth ofthe SME’sector. The panel members presenttheir views on this issue.