Watching the developments of Kumul Holdings and IPBC
By K.S. Punduari Major Restructure – Only One Person will own special Share and VETO POWER over the 7.5 million people’s Resources and their State Owned Enterprises . Petromin, IPBC and other State Owned Enterprises to be merged and all powers will be transferred to 3 Kumul Holdings and Only One Person will have SPECIAL SHARE and VETO POWER to control it. The article on Sunday Chronicle about the major restructure can not be read unseen. Although the idea about the major restructure seems appealing, it may result in totalitarian control now or in the long run. And also peoples’ powers and resources concentrated into a single body to manipulate may easily give raise to a dictatorship. It may seem like merging a large system will make it easy for only few people to control it but it could also result in inefficiency and unproductively. Who knows, the result might be a single point of failure. I know that Prime Minister Peter O’Neill has good motives behind this new restructure but we mu