Progress of state-owned firms must be tracked: KCH

THE progress and development of state-owned entities (SOE) in the country must be well documented as they provide essential and basic services that drive the economy.
Professor David Kavanamur, managing director of Kumul Consolidated Holdings (KCH), the company tasked with managing SOEs said this at the launch of the Mell Review last week.
The book tracks and reviews developments of the country’s 10 state-owned companies.
“The book documents what the SOEs have done up to now in terms of the 10 companies, their profiles, their strategies going forward,” Kavanamur said.
“It is important to have publications that concentrate in one aspect of the economy, so people are well versed with how we are driving the plans for the future.
“We thought it relevant to support the work of the publisher as a way to draw attention to issues of national importance at the same time promoting small businesses in PNG with their work.
“KCH is about leading progressive transformation across our portfolio of SOEs to generate strong economic and social returns and empower these companies with guidance, capabilities and resources needed to sustainably grow and deliver high quality services to the people of PNG.
“We must acknowledge our people who dedicate time, effort and resources to ensure the people are aware of sensitive issues that affect them one way or another and this is an example of all Papua New Guineans who want who want to succeed in life.”
The Mell Review is a 400-page book which outlines the national government’s performance from 2019 to 2023 and focuses on the new reforms being discussed by the Government and its aim to revitalise the entire SOE system.