Wednesday, August 28, 2013

No immediate prospects of investment in PNG: FNPF

Fiji News

Taken from/By: FBC News
Report by: Shanal Sivan

The Fiji National Provident Fund has indicated that there are no immediate prospects of investment in Papua New Guinea.
This follows FNPF's announcement that it was withdrawing from a telecommunications deal involving PNG based bemobile.
Chairman Ajith Kodagoda, says as of now…they have no emerging interests in Papua New Guinea, despite earlier indications that the super annuation fund was in talks with the Independent Public Business Corporation.
"At this stage, we have just said that we are open for discussions, but the earlier chapter now firmly closed."
At the time when the deal was broken off, a number of staff from Vodafone Fiji had already been dispatched to bemobile in PNG.
Kodagoda confirms some of them have decided to stay on in PNG, while those who come back home will have a place with Vodafone.
"There are some people who were offered jobs in PNG. There were some people who were Vodafone overseas officers that have gone back to their own jobs, those who came back, if there are still opportunities at Vodafone, we will be taking them back."
Kodagoda could give no clear explanation as to why the deal was discontinued, saying he's not aware of some of the details.

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