Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page
Outgoing Malaysian High Commissioner to Papua New Guinea, His Excellency Melvin Cheah Chee Aun will be leaving the country tomorrow with one regret and that is COVID-19 prevented him from working to assist many more interested Malaysian investors who were keen to invest in Papua New Guinea. In his parting message to the Minister for International Trade and Investment, Hon. Richard Maru yesterday, His Excellency Aun requested Minister Maru to travel to Malaysia to meet over five major Malaysian investors who would very much like to explore investment opportunities and invest in Papua New Guinea.
His Excellency Aun stressed that these five Malaysian investors were keen on investing in the agriculture and manufacturing industries. He said they were especially keen on downstream processing of Papua New Guinea’s raw materials and were also interested in shipping services.
“Papua New Guinea has one of the highest freight rates in the world for domestic transshipment of goods and we need more competition to reduce the cost of shipping,” said Minister Maru.
Minister Maru assured His Excellency Aun that he will be in Malaysia in two weeks’ time to meet with the Malaysian investors who are requesting to meet with him to explore the vast investment opportunities in Papua New Guinea.
“PNG is not new to Malaysian investors. Malaysia is already the second biggest investor in Papua New Guinea behind Australia. We are excited about more investors from Malaysia showing interest to invest in Papua New Guinea,” said Minister Maru.
