PNGBLOGS

by MICHAEL JOSEPH PASSINGAN Prime Minister Peter O’Neill has just cost Papua New Guinea almost K1.5 billion because of his reckless, corrupt and unnecessary borrowings. The loss is on the refinancing of his illegal K3 billion UBS-Oil Search loan. The deal was done in secret in Sydney earlier this month to avoid having to reveal the massive loss that the Prime Minister, UBS and Oil Search have inflicted on the nation. Details of the deal were not revealed when Kumul Petroleum MD Wapu Sonk announced it over the weekend.  Mr O’Neill’s secret loss comes at a time when the Government is virtually bankrupt, unable to pay public servants and cutting spending on essential services such as health, education and power generation.  It will add to the record and illegal levels of debt already incurred by the Prime Minister. It will contribute to further worsening of the living standards of ordinary Papua New Guineans. The refinancing of the UBS-Oil Search loan is even worse tha

by NANCY GORO   The awarding of contract of the construction of the new Supreme and National Court Complex in Waigani worth K430 million that was being heavily politicised has taken another twist.  The twist now sees the Prime Minister getting directly involved. The National Executive Council (NEC) is set to meet this week and one agenda will be the awarding of contract for the construction of the new Court House complex Waigani.   The Prime Minister is said to be traveling out of the country when NEC meets. He has appointed Deputy Prime Minister Leo Dion to chair NEC.  This sly tactic by PM is totally uncalled for and is seen to be corrupt practice and tactic. Prime Minister before travelling out has has directed his PNC Party members to support the awarding of the contract to L&A Construction a company.  L&A Construction is closely linked and associated with the PNC Party and Prime Minister O'Neil. Although L&A Constructions bid was out of the budget,