PNGBLOGS

National Ed WE each face all forms of hazards in our respective jobs. From the builder laying bricks on a high-rise to the policeman going in search of an armed criminal, there is always the danger of coming to some grievous bodily harm or worse. And, when disaster strikes, as it did our colleague Sent Timbi last Saturday in Mt Hagen, it leaves those living – friends, colleagues and especially relatives – feeling drained, empty inside and shattered. We knew Timbi well as a forever smiling, respectful and even a little shy big fellow who did his work quietly. He basically thought himself journalism by working tirelessly as a stringer for The National (before he joined the Post-Courier), rarely bitter if his material was not run. He will sorely be missed by all who knew him. For reasons we are yet to ascertain, Timbi was shot dead in cold blood as he stood waiting unsuspectingly to meet a relative who had told him earlier by phone that he had a problem he needed sorting out. Timbi met, i

National Ed WE each face all forms of hazards in our respective jobs. From the builder laying bricks on a high-rise to the policeman going in search of an armed criminal, there is always the danger of coming to some grievous bodily harm or worse. And, when disaster strikes, as it did our colleague Sent Timbi last Saturday in Mt Hagen, it leaves those living – friends, colleagues and especially relatives – feeling drained, empty inside and shattered. We knew Timbi well as a forever smiling, respectful and even a little shy big fellow who did his work quietly. He basically thought himself journalism by working tirelessly as a stringer for The National (before he joined the Post-Courier), rarely bitter if his material was not run. He will sorely be missed by all who knew him. For reasons we are yet to ascertain, Timbi was shot dead in cold blood as he stood waiting unsuspectingly to meet a relative who had told him earlier by phone that he had a problem he needed sorting out. Timbi met,

Patriotic Nationalist The Sale of the 5% shares of BSP to the World Bank owned Investment company - IFC by IPBC smells fishy. The absurdity has also been helped by BSPs sale of another 5% to this international financial institution to make its ownership swell to 10%. NASFUND has been quite disappointed lately on a number of BSP decisions. One of these comments is quoted below. Jury out on excessive capital raising Where NASFUND remains skeptical is the current large capital adequacy of the Bank (approximately 24%) and whether it is required. The Bank has been collecting capital far in excess of current needs. This is also well above the regulatory minimum and currently represents in our view lazy capital. The Banks argument that they need additional capital because they want to participate in increased loan activity surrounding the LNG project cannot be faulted however BSP has probably over estimated the amount of capital required, considering that the evidence to date is that the majo

Patriotic Nationalist The Sale of the 5% shares of BSP to the World Bank owned Investment company - IFC by IPBC smells fishy. The absurdity has also been helped by BSPs sale of another 5% to this international financial institution to make its ownership swell to 10%. NASFUND has been quite disappointed lately on a number of BSP decisions. One of these comments is quoted below. Jury out on excessive capital raising Where NASFUND remains skeptical is the current large capital adequacy of the Bank (approximately 24%) and whether it is required. The Bank has been collecting capital far in excess of current needs. This is also well above the regulatory minimum and currently represents in our view lazy capital. The Banks argument that they need additional capital because they want to participate in increased loan activity surrounding the LNG project cannot be faulted however BSP has probably over estimated the amount of capital required, considering that the evidence to date is that the

ACT-NOW Papua New Guinea's democracy has been further stained with the news the government has refused to accept the community petition against the 'Maladina' amendments which make changes to the Organic Law on the Duties and Responsibilities of Leadership . The petition, which contains over 20,000 signitures, was presented to five opposition MPs at Parliament House on May 4th when no government representatives were prepared to male themselves available. But since then the petition has languished in the office of the Leader of the Opposition as the the government has refused to accept the petition and the Clerk of Parliament was ordered not to take it. The government seems to have lost all sense of its role as the representatives of the people and to refuse to accept a petition with 20,000 signatures is unbelievably arrogant. The petition is now back in the hands of the Community Coalition Against Corruption (CCAC) and its partners, including Transparency International. PNG