PNG has 9 majority-owned SOEs that are managed by the Independent Public Business Corporation (IPBC)2, and a further 5 that are under the oversight of other Ministries3. Five of these SOEs (PNG Power, PNG Ports, PNG Telikom, Water …

State-owned enterprises (SOEs) in Papua New Guinea (PNG) play a critical role in delivering essential goods and services to the public and supporting the economic and social development of PNG.

PORT MORESBY, PAPUA NEW GUINEA (25 July 2023) —The passage of significant reforms under Papua New Guinea’s (PNG) 2021 Kumul Consolidated Holdings (KCH) Authorisation (Amendment) Act will empower KCH to effectively monitor state-owned enterprises (SOEs) and promote better transparency and accountability, according to a new Asian Development Bank ...

MANILA, PHILPPINES (5 December 2022) — The Asian Development Bank (ADB) has approved a $250 million policy-based loan to help Papua New Guinea’s (PNG) state-owned enterprises (SOEs) deliver high-quality, affordable services through Subprogram 3 of the ADB-supported SOE Reform Program.

2012年9月27日 · performance of PNG’s SOEs has been made publicly available. The study compares PNG’s SOE portfolio over a 9-year period with that of 5 other countries in the Pacific (Fiji, Samoa, Solomon Islands, Marshall Islands and Tonga), and finds that while PNG’s SOEs have produced net profits that are in the upper range

2022年6月8日 · In the ADB’s view, PNG’s SOEs are a major drag on government finances, with some of the largest – PNG Power, Kumul Telikom and Air Niugini – all making losses in 2020. ‘Consolidated SOE debt was estimated to be K5.1 billion as of the end of December 2020, of which K1.9 billion was commercial debt,’ says a recent ADB assessment of ...

SOEs in PNG. • Section 3 outlines the evolution of policies and legislative and governance arrange-ments for SOEs in PNG, their performance since independence and critical issues they have faced. The focus is on SOEs providing essential services or undertaking economic development projects that the private sector is unwilling to undertake

2021年12月7日 · The act delivers several key reforms to aid the work of Kumul Consolidated Holdings (KCH), the holding company for PNG’s SOEs. These include providing a clear definition of ministerial, SOE board, and SOE management roles; revising KCH’s role to focus on SOE performance monitoring; improving SOE transparency requirements; and establishing a ...

2021年5月18日 · SOEs play a critical role in the PNG economy, delivering electricity and water, banking and insurance, aviation, ports, and communications. PSDI is supporting a broad and significant reform program to improve the management and performance of all 12 SOEs, instituting commercial principles and developing capabilities to pursue them.

The Government of Papua New Guinea (PNG) has requested financial assistance from the Asian Development Bank (ADB) for the State-Owned Enterprises (SOE) Reform Program. Aprogram, comprising three subprograms, is proposed for 2020-2022.