Business tycoons in Philippines are eyeing up investments in Papua New Guinea's lagging agriculture and untouched pharmaceutical industries.
PNG's Commerce and Industry Minister Gabriel Kapris told the Post Courier he had met with the tycoons last month, who contribute nearly 90-percent to PNG's economy.
He told them the Government is stable, the economy is right and the climate is very conducive for investors to come in and invest.
He says the tycoons will come to visit PNG for further talks with the government.