Privatisation of State Owned Enterprises (SOE)

The Minister said the current mergers that took place in 2018 have not been completed.

Duma said the current mergers between the water utilities companies and telecommunications businesses are still on going.

Once completed their operation will give the government an idea on the idea of mergers.

Russel, who is a SOE expert with the Asian Development Bank’s Pacific Private Sector Development Initiative (PSDI), made the comment this morning. This was during the launching in Port Moresby of the Finding Balance 2016 Report: Benchmarking the Performance of State-owned Enterprises in Island Countries.         

The Report compares the financial performance of SOEs in Fiji, Kiribati, Marshall Islands, Papua New Guinea (PNG), Samoa, Solomon Islands, Tonga and Vanuatu, as well as Jamaica and Mauritius.