PNGBLOGS

by Retired Educator, UPNG It is an open secret that the current government has been destructive of the PNG education system from top to bottom.      New planned institutions are using money that should be used to prevent the collapse of existing institutions.    PNG university graduates are suffering because government not only doesn’t seem to care about them, but is undermining their future without the students realizing it.   This article provides facts to back up these statements.   Community and High School Education Today in PNG The Free Education policy of Prime Minister O’Neill has been excellent in providing contracts to his friends and allies to build overpriced classrooms and make other, often noncritical school infrastructural improvements.   However, you will not find one library in the country that has received any significant funding to purchase books under the O’Neill government.   Today classrooms around the country are stuffed with students, but never

by UNITECH STUDENT OBSERVER Here at Unitech Lae, the SRC is trying to twist the truth around and blaming certain groups of students for rebelling against the SRC and not following legal procedures. Let it be made clear to the world that the executive members of Unitech SRC have forced some students to take matters into their own hands. They did so because the SRC as a whole is showing complete disorganization and dragging their feet in organizing students. They are not moving forward clearly to join hands with UPNG to force the PM to step aside, be arrested and interviewed, and allow justice to take its course with no further interference on his part. The rebel students refuse to let the SRC trick us all and either stop or slow down the process to make Unitech once again a leading force to educate all people of PNG as to our future if we allow Peter O’Neill to continue blocking all attempts to prevent his arrest and investigation for numerous corruptions. The SRC should not e

by LEKEM LAKI Papua New Guinea gained independence from the neo-colonial Australian administration in September 16, 1975. Since then, we have had seven Prime Ministers in the likes of Sir Michael Somare, Sir Julius Chan, Sir Rabbi Namaliu, Paias Wingti, Late Bill Skate, Sir Mekere Morauta and the controversial incumbent Peter O’Neil. Under the leadership of previous Prime Ministers, country enjoyed tranquility with transition of changeover of leadership (PM) through political manoeuvre but peacefully and done and dusted in the spirit of the constitution. Never had one time experienced a political coup except the incumbent wrestled and forcefully taken over a legitimate government that of Michael Somare. It is telling the tenacity of the aggression to grip on to power by becoming untouchable by laws of the land. He has written a new chapter in the brief political history of PNG and is typical of a thief and remember this, a thief comes to steal, destroy and kill. Never had one

by FRANK KALUWIN PNG credit rating has been downgraded from B+ during the tenure of the National Alliance Party, To B- recently now B1 to B2, Even the Bank Of New York had withdrawn their Guarantee for Papua New Guinea. The World Bank is not stupid, they will not lend money to PNG because they know, as soon as the money lands on the PNG shores, Peter O'Neill open his back doors to benefit himself more than the country. However, the World Bank group will want to fund interventions directly instead just hand it over, that is if they do. If the World Bank  Group agree to loan the money; there will be no DSIP/PSIP for the MPs, we will then see the real colors as why all Members of Parliament  can't leave Peter O'Neill. Moody's Investors Service has today (25th April 2016) downgraded the Government of Papua New Guinea's (PNG) foreign currency and local currency issuer ratings to B2 from B1. The outlook on these ratings is stable. This concludes the review for

WEWAK MP AND CORRECTIONAL SERVICE MINISTER JIM SIMATAB ANOTHER PUPPET WHO NEEDS TO BE VOTED OUT Wewak Open Electorate and the people of East Sepik Province are suffering from lack of development and delivery of basic services. Meanwhile, their MP, Jim Simatab, who is also Correctional Services Minister seems to be very busy having extra marital affairs with young Tolai girls who are young enough to be his child or grandchild. He is a typical puppet in the coalition of the corrupt who needs to be voted out in 2017. WARNING NUDITY AND SEX SCENE VIDEO LINK

by STEPHEN HOWES - DEVPOLICY BLOG There are widespread reports these days from Papua New Guinea of budgetary difficulties, from budget cuts to  church health services  to  government salary payment delays . Why? Total expenditure is budgeted in 2016 to be slightly below the 2015 level. But it is still 50 per cent above 2012 levels. (With the change in accounting rules, it is difficult to make comparisons going back before 2012.) That’s massive growth. So what is the problem? There are three. The first is a big shift in allocations. Since 2012, there have been big increases in interest payments (due to increased borrowing), payments to MPs through district and provincial funds, payments to schools (in lieu of school fees), and compensation to employees. Deduct these and there is an 18 per cent increase in spending compared to 2012 to fund everything else, which includes critical things like maintenance and church health spending. That’s the “discretionary spending” shown in Tab

PNGBLOGS EXCLUSIVE PNG IS GONE AS A SOVEREIGN NATION IN JUNE IF NOTHING IS DONE TO REVERSE THE LOAN TAKEN BY O'NEILL GOVERNMENT TO BUY OSL SHARES. If the PNG Government does not find USD 1.5 Billion by 13th June, 2016, UBS will ask the government to Appoint a Receiver Manager for the Oil Search shares, the Receiver Manager will manager the Escrow account in Singapore. by June UBS will declare PNG bankrupt. This frightening revelation was revealed to PNGBLOGS by Government Insider working with the Department of Prime Minister and NEC who has sighted the original deed. The Principal Maturity date for the UBS loan was 13th March 2016.The Papua New Guinea Government has now K3.2 billion to pay UBS. We are in the grace period but that ends on the 13th June, 2016. Peter O'Neil signed with JP Morgan for refinancing turnaround time two weeks has lapsed. The World Bank, IMF, ADB and AusAid have already started painting bad picture about Peter O'Neil. He is an economi

by Paul Flanagan   PNG Treasury released last Thursday an update on what may really have happened with the 2015 budget. Like the mid-year Treasury MYEFO update, this is a frightening document that points to a collapse in government revenues of 20 per cent in 2015 relative to the budget, and reveals 2015 expenditure reductions of 37% in health, 36% in infrastructure and 30% in education, areas the government said would be protected. The combined budget deficits over the last three years of 24% of GDP are the largest for a three year period in PNG’s history. The Final Budget Outcome ( FBO ) is one of four key budget documents each year and must be released by 31 March. The 2015 FBO is a comprehensive document that fills in many of the gaps of the 2016 budget, including finally providing detail on where cuts were made in the Supplementary Budget. Key aggregates are shown below. Table 1: Fiscal aggregates from the 2015 Final Budget Outcome (FBO) Note: These fi

by MICHAEL JOSEPH PASSINGAN The foreign banking system is bringing more bad news for Papua New Guineans suffering under the corruption, waste and reckless financial and economic management of the O’Neill Regime. The International Monetary Fund, an arm of the World Bank, is lending almost K1 billion so commercial banks – BSP plus the two main foreign-owned banks ANZ and Westpac – can prop up the bankrupt government of Peter O’Neill. The fact that the IMF is a lender of last resort to failed economies illustrates exactly how bad the nation’s economic and financial problems are. The fact that the O’Neill Regime and the Bank of Papua New Guinea are keeping this loan secret adds to the fears that is a very bad deal for Papua New Guinea. The K1 billion, to be managed by the central bank, will allow the commercial banks to continue to buy government investments such as Treasury Bills, Inscribed Stock and Central Bank Bills, and possibly lend more money to State-Owned Enterprises.

by MICHAEL JOSEPH PASSINGAN Peter O’Neill remains the King of Lies. The Prince of Lies is his teaboy Isaac Lupari. Data released this month by the Bank of Papua New Guinea shows their statements about the price PNG receives for its LNG are completely untrue. Compare these statements with the truth as revealed by the central bank in the accompanying graph: "The drop in the oil price will not affect LNG revenues as we have forward contracts in place that are set at fixed pricing formula" - Peter O’Neill, January, 2015.” “[Polye claims] that Papua New Guinea will receive substantially less income from LNG sales and this is simply not true. PNG LNG exports and prices are predominantly locked into long-term forward sales contracts. In simple terms this means that PNG will receive the same price for LNG.” Isaac Lupari, December 2014. O’Neill and Lupari have told so many lies they no longer know what truth is. Their constant lying brings the Office of the Prime Mini