THE Asian Development Bank has welcomed the publication of the Kumul Consolidated Holdings Authorisation (Amendment) Act 2021 in Papua New Guinea’s National Gazette, which the ADB describes as a “key step in efforts to reform governance, increase transparency, and improve the performance of the country’s state-owned enterprises”.
Lotte Schou-Zibell
The ADB says the Act delivers several key reforms to aid the work of Kumul, the holding company for PNG's SOEs.
No transparency around operational setup of SWF, says Alkan
Kumul-Santos deal questioned by EITI
Kumul's PNG LNG 5% bid extended
