PNGBLOGS

by STEVEN ANDRE Many have described our Prime Minister, right honourable Peter O’Neill as “O’Liar”, “Pathological liar”, “serial Liar”, etc and I refused to be one. But it has come to a time when I have to sit down and analyze whether those words hold true. The following is what I managed to dig up from the internet. On 9 th August 2013 at 5:36pm , Peter O’Neill has the following conversation with Jonny Blades of Radio New Zealand: “JOHNNY BLADES: Some of the people in your own cabinet might be looked at. You're happy with that? Anyone can be investigated? PETER O'NEILL: I've told cabinet from day one and members of parliament from day one, no-one is above the law, including the prime minister. No-one is above the law. Where they're answerable for their actions they must be held accountable. And they all know the rules that are there. We all know the laws that are there, and I think it's important that the right message is given to our leaders and our

by SAM KOIM Is Political stability the main driver of investor confidence? I have been led, and I believe many are, to believe that political stability is needed to give investor confidence and growing the economy. This misconception of synonymising political stability to economic stability has it’s seldom appearances in public grandstanding and political discourses. This is what I've discovered in debunking this illusion. Political stability talks about the length of time a government is in power. In terms of investor confidence, it means the investors can count on the current (negotiating) government for durability and certainty of the current position. Yes, in countries and time periods with a high propensity of government collapse (political instability), growth is significantly lower than otherwise but is it really political instability that really caused decline in growth? Economists may articulate it more clearly than I, but I gather that economic s