K45 BILLION INVESTMENT TO EHP: TRUTH OR FICTION?
by LIVINGSTON FONTENU Eastern Highlands Provincial government has made headlines again this weekend with an announcement of US $13 billion (K45 billion) investment from a Korean company. People have taken it online with so much skepticism and concern on the origin, nature, and intention of this investment. Therefore, I decided to do a preliminary digging into this MOA and bring to light some issues to enlighten your mind so discussions on this investment must be taken objectively and with a clear mind. As impressive as this announcement may appear to an illiterate mind, there are too many unknowns, too many compliance issues, and too many variables that do not add up. Though the coveted MOA may be in its infancy stage, it has already attracted too many praises from the illiterate people of EHP, who are known to be easily lured and fooled by sweet music. Signing MOA of projects with such proportions and often with insignificant public awareness isn’t new to PNG. PNG politicians have pre