09-19-2012, 04:42 AM
If there is a conflict of interest between Sir Rabbie's appointment to PNG's SWF and IOC's BOD, we might find some consolation in the fact that the Asian Development Bank is pushing hard to bring PNG's State Owned Enterprises, including Petromin, under the control of the Independent Public Business Corporation. Next, I would expect tax reforms, monitoring internal and external capital flows, while promoting foreign investment and improving the competitiveness of PNG abroad. I think that's the current thread for emerging economies like PNG.

