310810SEMOSO ON BUSINESS
By Aloysius Laukai

The Regional member for Bougainville and Minister for Bougainville Affairs, FIDELIS SEMOSO today called on the ABG to quickly implement its policy on Economic Development for Bougainville.

He says that the ABG needs to police its Investment Policy to make sure investments on Bougainville is based on this policy.

The Regional member said that he was very concerned at the influx of foreigners and conducting business reserved for the local Bougainvilleans.

MR. SEMOSO said that Investors are welcomed into Bougainville if they are to invest on projects that cannot be done by Bougainvilleans.

Such as Mining, Fisheries, agricultural projects and not canteens and foodbars.

He said that the screening committee must do its work to control unnecessary people coming into Bougainville.

MR. SEMOSO said he supported President Momis’s Investment Policy not allowing any stand alone projects on Bougainville.

He said all Business activities must have Bougainvilleans interest.

The Minister said that all Papua New Guinean owned businesses must be prepared to give some shares to Bougainvillean companies when the time comes.

MR. SEMOSO said that he would be physically visiting Business Houses in Buka and Kokopau this week.

Comments

[Yo Yo]

I think so too. A very good step here by Mr. Semoso. The policy is long overdue.

[Paulus]

This are very good words from
the Regional member for Bougainville and Minister for Bougainville Affairs, FIDELIS SEMOSO.
The Bible says : You will recognize them by the actions.
So I hope and pray.
Paulus