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Showing posts with the label Mekere Morauta

Speaker confirms O'Neill, PM moves into Morauta house to take charge

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The O'Neill group on the steps of Parliament this morning. Speaker Jeffrey Nape, has recognized Peter O'Neill as Prime Minister and Grand Chief Sir Michael Somare, declared as an ordinary citizen. Mr Nape stated this, as Parliament resumed this morning, with only the O'Neill/Namah group in the House, with the Opposition side empty and less than 10 M-Ps seated in the middle benches. M-Ps are debating the National Budget. Security is tight at Parliament, with the public disallowed from watching today's proceedings. Meantime, Grand Chief Sir Michael Somare and his Cabinet, are in a meeting with a member of the group saying, they hope to be sworn in later this afternoon. He says, the Governor-General is aware of the court orders which are explicit and is preparing the swearing-in instruments to be signed. The Head Of State, Sir Michael Ogio, has sought independent legal advice on the turn of events yesterday, after the Supreme Court reinstated Sir Michael Somare as th

Speaker confirms O'Neill, PM moves into Morauta house to take charge

Image
The O'Neill group on the steps of Parliament this morning. Speaker Jeffrey Nape, has recognized Peter O'Neill as Prime Minister and Grand Chief Sir Michael Somare, declared as an ordinary citizen. Mr Nape stated this, as Parliament resumed this morning, with only the O'Neill/Namah group in the House, with the Opposition side empty and less than 10 M-Ps seated in the middle benches. M-Ps are debating the National Budget. Security is tight at Parliament, with the public disallowed from watching today's proceedings. Meantime, Grand Chief Sir Michael Somare and his Cabinet, are in a meeting with a member of the group saying, they hope to be sworn in later this afternoon. He says, the Governor-General is aware of the court orders which are explicit and is preparing the swearing-in instruments to be signed. The Head Of State, Sir Michael Ogio, has sought independent legal advice on the turn of events yesterday, after the Supreme Court reinstated Sir Michael Somare

IFC'S US$140M SPLASH IN BSP, IS THERE A CONFLICT OF INTEREST?

By: Dionisia Tabureguci of ISLAND BUSINESS It wasn’t too long ago that a partnership between the World Bank and its sister organisation the International Finance Corporation (IFC) in the deregulation of the telecommunications sector in some countries in the region was frowned upon. Critics called it a ‘conflict of interest’. Through multi-million dollar loans, the IFC—the World Bank’s private sector financing arm—was funding the Pacific expansion of Irish-owned Digicel. At the same time, the World Bank was offering policy and technical assistance to governments in the region interested in opening up their telecommunications market. Words like “double standard” and “inappropriate” were used to describe their involvement in the Pacific’s telecommunication market. The World Bank’s Country Director for Papua New Guinea, Timor-Leste and the Pacific at the time, Nigel Roberts, had to defend the organisations’ involvements as independent of each other. “The process we’re involved in on the Wo

IFC'S US$140M SPLASH IN BSP, IS THERE A CONFLICT OF INTEREST?

By: Dionisia Tabureguci of ISLAND BUSINESS It wasn’t too long ago that a partnership between the World Bank and its sister organisation the International Finance Corporation (IFC) in the deregulation of the telecommunications sector in some countries in the region was frowned upon. Critics called it a ‘conflict of interest’. Through multi-million dollar loans, the IFC—the World Bank’s private sector financing arm—was funding the Pacific expansion of Irish-owned Digicel. At the same time, the World Bank was offering policy and technical assistance to governments in the region interested in opening up their telecommunications market. Words like “double standard” and “inappropriate” were used to describe their involvement in the Pacific’s telecommunication market. The World Bank’s Country Director for Papua New Guinea, Timor-Leste and the Pacific at the time, Nigel Roberts, had to defend the organisations’ involvements as independent of each other. “The process we’re involved in on the