30.7 C
Port Moresby
June 27, 2022
Business News

Manufacturers forced to reduce prices

Manufacturers in Lae saythe removal of government protection of locally made products is hurting businesses.

Chicken producers and drink makers are among those hit hard by cheaper imports.

 Coca-Cola is one ofthe many being affected.

Sincethe reemergence of Singaporean and Malaysian made Pepsi, importers have saturatedthe Papua New Guinearsquo;s informal markets forcing Coca-Cola to drastically reduce it prices.

ther drink manufacturers are also feelingthe pinch.

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