PNGBLOGS

PNGBLOGS WHO IS RESPONSIBLE, LUPARI, THE CHINESE, OR WHO? IF PNGBLOGS GOES BLACK ON PNG COMPUTER SCREENS NEXT WEEK, WE WILL KNOW WHY - IT WILL BE THE RE-CREATION OF A P AUL PARAKA BANANA REPUBLIC STYLE THREAT THAT FINALLY WORKED: In 2010, Paul Paraka, the number one corrupt lawyer in the country according to the Commission of Inquiry into Department of Finance fake payment scams, did something that even today goes down as one of the most banana republic kinds of reactions ever seen in PNG. Here's what happened. When the government Commission of Inquiry on massive theft totally hundreds of millions of kina submitted their report in Parliament, Paraka immediately obtained a court injunction to make it illegal for any Papua New Guinean to read or be in possession of the report and learn about the allegations against him and 18 other lawyers. Included amongst the accused is current Chief Minister Isaac Lupari, alleged to have stolen more than K2.7 million. Paraka's strateg

by JASON P KANGOMA Treasurer Patrick Pruaitch is scheduled to hand down the 2017 Budget in Parliament this week. Given that 2017 is election year, the Budget is certain to be dominated by the usual O’Neill Regime spin and deceit, along with wasteful and irresponsible spending measures. But the central feature will be drastic cuts to essential social services such as health and education, and further suffering for ordinary Papua New Guineans. Every successive O’Neill Budget has been a failure, creating more problems than they solve, and driving the nation further towards total collapse. This special PNG Blogs report reveals the ongoing damage Prime Minister Peter O’Neill’s corruption, greed and mismanagement is doing to Papua New Guinea.   POVERTY INCREASING UNDER O’NEILL REGIME The new announcement by the O’Neill Regime that it has obtained a K1 billion rescue package from the Asian Development Bank proves that Prime Minister Peter O’Neill’s economic and finan

THE LNG LANDOWNERS OPPORTUNITY TO BUY 4.22 % EQUITY FROM THE STATE ENDS ON 30 JUNE 2016; WILL PETER O’NEILL FIND THE MONEY TO MEET THE OBLIGATIONS? by ANDRE BILAK STEVEN PNG is already having a serious cash flow problem, and nothing can be more evidenced than the Minister for Finance James Marape’s statement few weeks ago that all MPs (who supposed to receive K15m DSIP funds) will receive K1 million each for this year. The cash flow crisis is affecting business houses, government departments and households like never before. The Bank of Papua New Guinea has about less than US$1.4 billion in reserves against pending foreign exchange orders of around K4 billion plus and the situation is not improving any sooner. The endless cue for sending funds overseas is unbearable and killing many import reliant businesses in this import-reliant economy. Many learned experts in economic management have advised O’Neill, since early signs of doom emerged, to take remedial actions immedia

Dear Honourable Members of Parliament.  Papua New Guinea is not broke but only one person is holding this country to ransom, and the consequences will adversely affect your political careers. if you allow Peter O'Neil to be in power after 13th June, 2016, the default date of the UBS loan, UBS will likely declare PNG insolvent. Meaning PNG government can print K3 billion but we do not have the foreign currency to convert this printed money. World Bank is already in the country, they are funding roads and infrastructures now, after we've been declared insolvent under Peter O'Neil. World Bank IMF will give us money for Budget Support with the following austerity measures: 1. No DSIP/PSIP 2. NO Free Education and Health Care 3. Budget cut by 60% 4. Customary Land Mobilisation Program The stoppage in DSIP/PSIP funds will affect most the programs you honourable MPs have created and you will end up loosing your seats. Many other consequences you might face. Tuesday is

PM TURNBULL by PETER WARINE Australia’s nearest neighour and only colony, Papua New Guinea, is on the brink of economic collapse due to grand corruption and mismanagement of the O’Neill Government. The Public coffers have run dry early last year (2015) and PNG has there seems not much left to keep its head above the water.  PNGs economic outlook is bleak. International Rating Agencies have all downgraded PNG to negative gradings. The O’Neill Government conducted roadshows around the world to secure some more loans to ease the cash flow and foreign reserve shortages but to no avail. Even treasury bonds were used to attract investors but were seen as mere toilet papers.  The economic crises has escalated and literally, there is no money to pay the public servants salary –something that O’Neill wants covered all the time as a measure of control public dissent. Whilst trouble is brewing on the island of paradise, life is as usual downunder. Australia has never raised any form o