Learn from Indonesia fo4 SOE

I lived in Indonesia for 5 Years. Within this period I learned alot about how the State Leads the Country's Economic Growth through its State Owned Enterprises. Indonesia has a robust and Stronger Governanace System for the SOEs. Most of the resources are developed through Public Private Partnership in which the State retains control of the goods and services produced or procured. They use their natural resources as bate to attract investors through PPP. They ensure the investors transfer the know how to the locals so that they themselve can take over to lead the project at the end of PPP terms.

Here are some of the Key Services that they felt is important to keep them under State Ownership to make their peoples lives easier. These Services are Cheaper, Affortable, Widley Available and Accessable because the State either subsidized or directly provided for its people:

1. Electricty - widely available and accessable

2. Water - widely available and accessable

3. Telecommunication - widely available and accessble. Internet service is very cheap.

4. Transport - Airport and Airlines accessable and domestic airfares very cheap. 

5. Education and Health - widely available and accessble. Subsidised by government as well

PNG SOE is corrupt due to weak governance and political interferences. I dont know why State of PNG always think its too much for them to drive the economy through the SEOs in this small country. Why giving the key sector away to others to run it for us? Are you leaders taking bribes and selling our birthrights away on a silver plates? Every solution to fix the economy of this country is here in PNG. Needlees to look elswhere. Find them and get the country fixed in 5 to 10 years instead of studying the future of this country what she will look like in next 50 years time. People cannot wait to have good life in 50 years. They want to have good life now.

Learn from countries like Indonesia. Her Economy is worth about $400 Billion USD. Learn from Malaysia and Singapore. We can learn easily from them than others. They have economically active populations than 80% of our people are economically inactive. Live to do something good for your country than for yourself all the time.

By Wesley Roy

The Brave Entreprenuer.