Showing off 40 Masserati at the APEC Summit, Indonesia’s Neighbors Biting Their Fingers Must Sell at a Loss | 1NEWS

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Now even the 300 cars that were rented out for the purposes of the APEC Summit are missing.

Dream – Papua New Guinea is dizzy after making a controversial decision when it hosted APEC three years ago. This neighboring country that borders Papua has difficulty reselling the luxury car it bought in 2018.

Despite its status as a poor country among other APEC members, the government of Papua New Guinea at that time ordered 40 luxury cars from Maserati with a total value of US $ 5.6 million (Rp 79.84 billion).

Quoted from the BBC, Wednesday 6 October 2021, the government of Papua New Guinea at that time chose Maserati to use it at the APEC summit conference in 2018. Instead of being happy with the facilities provided by the host, it was reported that many leaders of APEC member countries refused to use the cars.

Now after ignoring protests from residents three years ago, the government of Papua New Guinea must bear the consequences of being forced to sell at a loss for these luxury cars.

“If you had the foresight, Maserati would not have been bought in the first place,” Finance Minister Sir John Pundari told local media.

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Selling Luxury Car Loss

Pundari admitted that she did not know why the government at that time took the route of buying Maserati to facilitate APEC participants. Now, they are stuck with that problem.

The plan is that the car will be resold at a discount of US$114 thousand (Rp1.62 billion) each. The selling price is 20 percent lower than the purchase price.

This Quattroporte sedan was purchased through a dealer in Sri Lanka and flown into the country on chartered jumbo jets.

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Resale Promise

At that time, the minister of APEC Papua New Guinea, Justin Tkatchenko, argued that the Maserati vehicle was the standard vehicle for leaders used at the APEC summit.

Tkatchenko promised to resell the cars after they were used at the APEC summit.

Meanwhile, the Prime Minister of Papua New Guinea, Peter O’Neill promised that the government would not run out of funds.

However, the cars have reportedly remained in warehouses in the capital Port Moresby since the APEC summit ended.

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Must Return 300 Cars

In 2019. Papua New Guinea’s Finance Minister, now Prime Minister, James Marape, invited local media to the warehouse to prove that no cars were lost or stolen.

The country also experienced other difficulties after the summit. In November 2018, police and security forces stormed the parliament building because a $109 (Rp1.55 million) bonus had not been paid.

Authorities were also asked to return nearly 300 other cars that went missing after being loaned to officials during the summit.

For your information, Papua New Guinea is one of the poorest countries in the Pacific region. There are 40 percent of the population living on an income of US$1 (Rp14,258) per day, according to the United Nations.

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