ADB consultant supports “front business”
Former Senate President Whipps Sr. opposes ADB consultant opinion
By: L.N. Reklai
“I know that the issue of front business is an emotional one, but let me say that I do think front businesses are good,” says Paul Holden, Lead Economist for ADB Pacific Private Sector Development Initiative, during a panel discussion at the Economic Symposium yesterday.
Mr. Holden qualifies his statement by saying that the policy of reserving certain businesses to locals only creates an environment that encourages poor investor behavior. He states that an investment policy that would allow anyone to invest would help Palau grow its economy.