New reserved business list for Papua New Guineans

By ROSE AMOS in Madang

The SME Summit in Madang will come up with a new reserved business list for Papua New Guneans.

 The summit agreed to come up with a new list after receiving clarification on the matter by Secretary for Constitutional Law Reform Commission,  Dr Eric Kwa.

 Dr Kwa told the summit it was legal, however, they needed to consider other key issues.

 These included whether or not Papua New Guineans have financial strength and capacity to do business, and how nationals can take over businesses currently run by foreigners.