As a result, SOEs are in for a restructure under the new Minister, Sasindran Muthuvel, who was the then West New Britain Governor.
“State Owned Enterprises are not declaring dividends to state,” said Marape.
“Many are working outside Treasury’s scrutiny. Many of our SOEs are building empires of their own. There will be a restructure in our SOEs. There will be greater visibility in Kumul Consolidated Holdings, we will set up other Kumul subsidiaries and the minister for SOE will be in charge of those areas.”