Madang Province is hosting its first-ever Madang provincial economic sector forum under the theme ‘Strategic Revenue Generation for Madang Province’.
The three-day economic forum started on Monday, January 13th, and will end today at the Madang Resort Hotel.
The forum witnessed major business houses and manufacturing firms in the province, including RD Tuna Fishing, Globe Manufacturing, and Ramu NiCo Management (MCC) Limited, in attendance and made presentations on their business operations and how they contribute to the economy of Madang province.
The forum also hosted major state-owned enterprises, including PNG Power Limited, Water PNG, Ports PNG, and the Internal Revenue Commission.
Commodity boards including Coffee Industry Corporation, Livestock Industry Corporation, Kokonas Industri Corporation, and Cocoa Board of PNG also gave an overview of their organization during the forum.
The objective of the three-day economic forum is to ensure the Madang provincial government takes stock of all revenue heads in the province and how much they are contributing to the economy of the province.
Governor for Madang province, Ramsey Pariwa, in welcoming and acknowledging the business houses, explained that the Madang Provincial Government is looking at partnering with the business communities and relevant stakeholders plus the National Government’s state-owned enterprises to come together and discuss plans and work together in order to stimulate economic growth and sustenance in Madang province.
Furthermore, Governor Pariwa stated that after the three-day forum, he wants to have a fair idea of how many revenue heads are in the province and how much they are contributing to the provincial government coffers.
The Madang Chamber of Commerce and Industry (MCCI) applauded the initiative by the Madang Governor for initiating the Inaugural Economic Forum. MCCI Vice President Kris Seeto applauded the initiative taken by Governor Pariwa, stating that it is an important event because it brings together stakeholders, participants, and contributors of the economy of Madang Province together for the first time.