tag:blogger.com,1999:blog-28244882.post3233975174418853180..comments2024-03-05T17:54:53.307+10:00Comments on Malum Nalu: Finding Balance: Benchmarking the Performance of State-Owned Enterprises in Papua New GuineaMalum Naluhttp://www.blogger.com/profile/17513608976714683688noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-28244882.post-15025799218846886632012-09-19T16:27:04.684+10:002012-09-19T16:27:04.684+10:00What a load of dung Report (http://malumnalu.blogs...What a load of dung Report (http://malumnalu.blogspot.com/2012/09/finding-balance-benchmarking.html )by Asian Development Bank on the performance on State Owned Entities (SOE) in PNG.<br /><br />Some of these SOE's have declared profits in last two years with better financial standing.<br /><br />Air Niugini is our national pride and flag carrier. They are offering some very good rates now. They did declare some profit too this year.<br /><br />Telikom is the only Telecommunications company in PNG who took the risk to invest in the two international submarine fiber cables linking to Sydney and Guam. Their Internet speed and rates are the best in PNG - see today's school plans on the Post Courier- effectively as low as 0.0375 toea per MB.<br /><br />They also declared profit last year after years of politicisation by the Government for years.<br /><br />PNG Ports must be the only gateway to PNG's trade routes. It must never be sold through some disguised shoody report.<br /><br />A number of these SOE's are operating in a fully deregulated market with foreign competitors who are hungry for markets in third world countries.<br /><br />The Government, through IBPC has strict financial commitment guidelines.<br />IPBC expects them to chase the IPBC Board and the Ministers for every K1 Million Capital Expenditure Commitment. Most of the time, the Board and the Ministers are busy and no approvals are granted on time.<br /><br />Sir Mekere's going finish message http://www.pngperspective.com/news/it-is-unfinished-business-for-state-owned-enterprises/ was in fact an insult.<br /><br />During this time, the foreign competitors (mostly funded by ADB, The World Bank, IMF etc) are rolling out their business plans, taking away the customers and market share. Very cunning business advisors with two dirty hands.<br /><br />How does the idiotic IPBC and its State Owned Enterprises Minsiter, expect these local companies to perform when their hands are tied?<br /><br />You guys are actually sponsoring SOE dis-intergration and take overs by foreigners who are smart - giving advise you to you all in one hand and taking over the market on the other hand.<br /><br />These foreign financial institutions know the trade and tricks around these things.<br /><br />PNG, please hurry up and sell all the Gold, Timber, Fish, Open all all Ports and airports and even the SOE's and let the big boys own everything.<br /><br />Malaysia did this.<br /><br />It's about time, PNG politicians and local advisors grow some spine and tell these double-handed foreign financial institutions like the World Bank, ADB and IMF to get lost with their conniving and thefts.<br /><br />There are enough professional local Papua New Guineans who can run these companies. Please give them a target to perform and take your dirty hands off their backs. They're trained in the same universities and colleges that some of these foreigners have been to.<br /><br /><br />Please cut these crap about listening to whitemen and foreigners all the time. About time, we learn to trust our own sons and daughters, because, there's a time coming soon in which there will be nothing in PNG to entrust the local Professionals who are trained and who know how to do these things.<br /><br />Let's not rush to get recycled old expatriates to come and take over all higher Management jobs like we are seeing with BSP nowadays!Anonymoushttps://www.blogger.com/profile/16352717556480906890noreply@blogger.com