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From Vincent Lakea on ANZ’s stubborn optimism on the PNG economy
I have no view on this socioeconomic status where PNG is approaching at the moment.
Those policy makers exactly see how they see PNG's economy growth would be by 2025. That's the time PNG reaches its majority!
Not sure what time that time I would be in there as a key play maker for reburst economy status.
Good luck for now.
From Andrew Roger on My education journey from Jiwaka to UPNG
Very inspired story drawn for our upcoming pupils to take heed. Best are yet to come ... cheers.🙏🏽👑❤❤
From DAVIDSON BONIEPE on My education journey from Jiwaka to UPNG
Very inspiring! It really gives me hope to share with my kids to persevere despite all difficulties they encounter in lives.
From Johnny Nema on My education journey from Jiwaka to UPNG
Thank you for sharing this hardship, made me tears covered as I read coz your story strengthen me to walk on such journey
From Zechariah Suii on My education journey from Jiwaka to UPNG
Very Inspiring brother, wishing you best in your future endeavours
From Jeremiah Riape on My education journey from Jiwaka to UPNG
Good, there's always a struggle before success comes ...
From Francisca on My education journey from Jiwaka to UPNG
Very interesting and inspiring story. It has motivated me to be a better person.
From Kelly on Are workers in the informal sector leaving formal sector workers behind in PNG?
Hi John,
Thank you for your interesting points and questions.
Here are a few responses;
I enquired with the vendor, and it turns out the shop owners are leasing the shop from her relatives so that must give her an advantage.
From my experience of living in Port Moresby and interacting with buai sellers on an everyday basis, a lack of working capital to purchase new stock seems to be the biggest difference between those who make sizable profits and those who don’t. New sellers start with small amounts of capital, purchase their betelnut, make a profit and spend most of their profit on daily needs. Only those who plan and put aside money to purchase new stock tend to realise larger profit gains over time as they remain consistent with their sales, as opposed to sellers who enter the market to make a quick buck and get out.
Also, perhaps the market is saturated. All the good spots to sell betel nut have gone, and no one has to walk far to buy betel nut. So it is hard for new entrants to come into the market, and there is no incentive for any existing seller to undercut the market.
Finally, although this informal worker earned well, she has to work very hard (18 hours a day 7 days a week), and endure bad weather and the risks of being outside in Moresby. Not everyone is willing to put up with such risks and costs.
From Michael on ANZ’s stubborn optimism on the PNG economy
It’s ironic that ANZ shuts down its retail arm whilst concurrently predicting off-the-charts economic growth.
From Misiel Mission on My education journey from Jiwaka to UPNG
Inspirational experience, very good, sharing such inspirational stories.
From Michael Kalang on My education journey from Jiwaka to UPNG