Business News

Opposition on State Owned Enterprise

The Opposition is calling on the government to review structures of all State Owned Enterprises to establish checks and control.

Opposition leader, Belden Namah warned against the selling of any State Owned Enterprise by the government.


His warning came after Prime Minister Peter O’Neill told the recent leaders’ summit that SOEs were in a very appalling state.


Opposition leader Belden Namah in a news conference yesterday responded to the prime minister’s statement during the leaders’ summit on Monday.


The prime minister accused State Owned Enterprises for misusing tax payers’ money amounting to billions of kina.


The Opposition is challenging the government to review the current structures and governance within all SOEs to establish checks and balance.


The opposition said some of these organizations are monopolies and can be profitable if they are better managed.


However, the prime minister says the government will step up to reform the way the SOEs are operating.


The need is greater he says, for wastage of money is not the only concern but poor service delivery has increased at an increasing cost.


Members of the Opposition believe the only solution to fixing these problems does not lie with the selling of SOEs but finding smarter ways of governance and management.

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