PNG Manufacturing Employment Reaches Record High Under Marape Government," Says Treasurer Ling-Stuckey
According to BPNG's Employment Manufacturing Index, employment in PNG's manufacturing sector has reached an all-time high under the Marape government as revealed by Treasure Ian Ling-Stuckey in a statement
The treasurer stated that the former government's economic mismanagement caused a collapse of approximately 5,726 jobs in manufacturing between 2013 and 2018.
However, he adds that since 2019, an estimated 7,157 manufacturing jobs have been created, bringing the total number of manufacturing jobs to a record level of 51,269 jobs.
The Treasurer discussed this positive turnaround in manufacturing employment with the PNG Manufacturing Council's Chairman, Mr. Murray Woo, and Vice-Chairman, Mr. Ashlon Chue.
During the meeting, the government and business leaders emphasized the importance of the manufacturing sector to PNG's development, including linkages to the agriculture sector and downstream processing. The council also noted that the positive trend in employment aligned with their own experiences.
In addition to discussing the positive news, the meeting also talked about options for further improving these overall figures.
The Manufacturing Council praised the Customs Chief Commissioner, David Towe, and his team for their positive consultations and engagement with the council.
They also raised some concerns, including the need for legislative amendments in some cases to ensure that tariff policy intent is fully applied, and a wider review of tariff policy implications for existing manufacturers, including the Special Economic Zone policies.
The Marape-Rosso Government remains committed to growing the economy, raising living standards, lowering the cost of living, and creating more jobs.
The Treasurer acknowledged that while the news is very positive, constructive discussions and engagement can lift employment levels even further.
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