PM Philip Announces Plan To Develop “Pan Melanesian Economic Union”

Prime Minister Danny Philip on Friday has announced his intention to bring forward to the Melanesian Spear Group (MSG), a country initiative on the concept of developing “A Pan Melanesian Economic Union”.

The proposed Pan Melanesian Economic Union is aimed at harnessing regional investment financing, investments in telecommunications, mining, aviation, shipping and tourism.

Prime Minister Philip said the MSG private sector will be consulted to develop the idea so that political will can be exercised to promote mega investment in the region.
“This idea, when developed, will bring much organized and speedy economic growth in Melanesia,” Prime Minister Philip told a business meeting of Papua New Guinea Investors and Solomon Islands officials in Honiara on Friday.

The two-day seminar is aimed at sharing information about investment opportunities on offer in the Solomon Islands.

Around twenty executive and financial officers from major PNG business establishments visited Honiara for the seminar which was organised by the Investment Division of the Ministry of Commerce, Industries, Employment and Immigration

ENDS