Posts

WARNING ON ARTIFICIAL INCREASE IN KINA

Image
By JUSTIN PARKER My fellow country men and women, please be aware that their is a secret meeting between the Central Bank and the Bankers in PNG to artificially increase the Kina, which to my reliable source claim that an increase of around 20 plus %, which the Central bank will most likely make effect tomorrow depending on their judgement by early tomorrow. This artificial increase means that the majority of PNG grassroots which makes up 80% of the population who depend mostly from their commodities like coffee, cocoa, copra and small scale gold mining will loose 20% in the value of their product overnight. During the development stage of the LNG the Kina gained 30% to which the importers were the greatest beneficiaries. During that time the only company that passed on the Kina gain to the grassroots was Trukai, every other importers pocketed the money, while during that time our commodity exporters were getting less and paying more. You have all heard of the DUTCH DEASES, well we are

WARNING ON ARTIFICIAL INCREASE IN KINA

Image
By JUSTIN PARKER My fellow country men and women, please be aware that their is a secret meeting between the Central Bank and the Bankers in PNG to artificially increase the Kina, which to my reliable source claim that an increase of around 20 plus %, which the Central bank will most likely make effect tomorrow depending on their judgement by early tomorrow. This artificial increase means that the majority of PNG grassroots which makes up 80% of the population who depend mostly from their commodities like coffee, cocoa, copra and small scale gold mining will loose 20% in the value of their product overnight. During the development stage of the LNG the Kina gained 30% to which the importers were the greatest beneficiaries. During that time the only company that passed on the Kina gain to the grassroots was Trukai, every other importers pocketed the money, while during that time our commodity exporters were getting less and paying more. You have all heard of the DUTCH DEASES, well w

PNGBlogs Moving to new servers

To our readers and supporters: We have had a few setback on our first attempt to move our blog to the new Server, the problem we have is with our blog comment manager Disqus, we find that this will be a problem in the new platform in long run. As most of our readers and followers are comfortable with the level of annonomity using Disqus when commenting, we cant gurantee that it will be the same when the switch is made, we tested this last night and it came back with a few errors,  however we still think the new platform is the way forward and we have raised this with our new provider and they are currently working to get this resolved. In the meantime we ask for your patience and understanding, We are not funded by anyone or organisation, we do this for the love of our country PNG and we appreciate all the e-mails of support and comments. We hope to be stronger, while the technical issues are being handled, we will continue to post articles here. Thank you all. PNGBlogs

More questions about Awal, a phony company

Image
PNGBLOGS Awal Communications web page is nothing but a sham, wonder what Minister Miritongo is thinking now, he has been duped by some big time conmen, scammer who have cooked up a website with no real information but falsifying their position as a market leading communications company in the Middle East and Africa. PNGeans especially Bougainvilleans are easily duped by con-men like King Noah of Tonu. Lets not follow the same mistakes, the contents of their Telecommunications Portfolio page is a copy and paste job from one of Russia's leading communications company. They think they have it covered by renaming Telenor to A-Tel, but its a big give away when you are a crook, you employ crooks who are not original in their presentation. Hopefully members of the PNGTEL or PNGICTA are looking closely into the issueing of Licence at the first place. LINK TO SITE LINK TO SITE

More questions about Awal, a phony company

Image
PNGBLOGS Awal Communications web page is nothing but a sham, wonder what Minister Miritongo is thinking now, he has been duped by some big time conmen, scammer who have cooked up a website with no real information but falsifying their position as a market leading communications company in the Middle East and Africa. PNGeans especially Bougainvilleans are easily duped by con-men like King Noah of Tonu. Lets not follow the same mistakes, the contents of their Telecommunications Portfolio page is a copy and paste job from one of Russia's leading communications company. They think they have it covered by renaming Telenor to A-Tel, but its a big give away when you are a crook, you employ crooks who are not original in their presentation. Hopefully members of the PNGTEL or PNGICTA are looking closely into the issueing of Licence at the first place. LINK TO SITE LINK TO SITE

Coming SOON!

Image
SNEAK PREVIEW OF OUR NEW WEBSITE, GOING LIVE WEDNESDAY JUNE 4TH 2014

STATE’S UBS DEAL IN RED

Image
Former Treasurer, Member for Kandep and Leader of THE party Hon. Don Pomb Polye today said he is not surprised the State has experienced its first problem with the UBS loan when it failed to pay the interest payment for the UBS loan as part of its obligation in managing the A$1.239 billion (about K3 billion) loan. Mr Polye said: “I have warned the Prime Minister against the ramifications when the UBS loan was approved in a speedy manner wit hout considering the risks involved in the bridge and collar loans. There are related problems with the loan if it is in default. The sovereign risk would have serious impact on the value of PNG kina and it will affect the economy.” Mr Polye has commended the Ombudsman Commission for doing its independent job and the priority for the Ombudsman Commission is to complete the investigation on the A$1.239 billion loan which comprises of two components: a bridge loan of A$335 million which attracts an interest rate of 5.50% per annum and