The auguement can be made that the pivot to a China alliance, by the PNG Government, has already occurred.
The tax increase on Australian based banking interests, could well be an indication of this pivot.
The economy of PNG, with the coming Chinese large infrastructure projects, will boom.
It is certainly coming off a small base, after years of Australian, sphere of influence, capital neglect.
The problem for KSL is that new Chinese banking structures, will leave KSL as a back water.(They will have a 45% tax rate also, not withstanding)
The decision by the PNG Government to not allow the KSL/WBC Pacific merger, can be viewed in the above context.
The auguement can be made that the pivot to a China alliance, by...
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