Investors told to show legal documents

Business

INVESTORS operating in East New Britain have been cautioned to comply with proper working documents before operating any business.
Governor Nakikus Konga said any investor operating a business without a proper insurance cover policy for its employees, including its environmental working permit and proper visa documents would be deemed to operating illegally in the province.
He said investors were welcomed, but they must comply with policies that had been set by the respective levels of government.
“We should keep our national sovereignty and start negotiating for better investors who can comply and respect our laws and give back what is expected from the province in terms of revenue,” he said.
“Our province has been given the autonomous power since 2018 and we are in a transition period of making our own revenue from our resources.”
Konga was speaking after a recent visit to the Warangoi power house where a foreign company was operating without proper entry document into the province.
“Our policies state clearly that any investor must seek clearance from relevant authorities such as the provincial government and the local level government.
“We need to be made aware of investors coming into the province and we are also cautious of such investors operating illegally.”
Konga, during the meeting with the company management, gave a one-month ultimatum to them to sort out the issues and report back to his office.