ABG President chief JOHN MOMIS says no foreigner will be allowed to operate retail shops on Bougainville.
He made these remarks when commenting in parliament on reports tabled by the commerce minister,WILFRED KOMBA that the Bougainville Import Export Group would be liquidated due to differences between certain Port Moresby Chinese businessmen.
He said that these groups were allowed on Wholesale bases and to provide factory prices not getting cargoes from Port Moresby. He said if they go retailing then they will be asked to leave.
Chief Momis said that retailing should be for locals only.
On the question of some Bougainvilleans who bought shares under BIEG he said all their funds should be refunded.
He said the Commerce division has already set out a Reserved list of businesses that are for Bougainvilleans only. The chief said that when the Panguna mine reopens all the supermarkets and other retailing will be run by Bougainvilleans only.
Ends
BOC Price at posting:
77.0¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)