PNGBLOGS

BY A LOCAL TOURIST On a recent trip to Lae, I was wanted see one of the newest PNG wonders of the world: the now notorious Las-Vegas Style Lalalala Sign Boards erected by the Queen of Attention, Ms Loujaya Toni Kouza. The moment I saw them with my own eyes, the first reaction was how much did those damn things cost? Coming out of our tax money of course! I studied the 2 electronic Sign Boards, one at Top Town, the other at Eriku for some time, struggling to get what I felt was my taxmoney’s worth of absorbing the colourful lalalala. After considerable thought, I concluded that Loujaya’s Lalalala Sign Boards reflect her subconscious desire for change: ever changing hair styles, ever changing dresses, ever changing yakityyak authoritative sounding talk with the goal of making her the highest profile kokonas stail meri in PNG. The messages I saw displayed on the lalalalas are information that I reckon everyone in Lae must already know. Not too educational or inf

By JEFFREY RUNDUALI The Prime Minister’s illegal USB-Oil Search deal, which he has so proudly boasted was a great deal for the people of PNG, is now in ruins, confirming predictions of economic and financial disaster because of his reckless disregard for the Constitution and the welfare of the nation. Just who will suffer the consequences of the Prime Minister’s contempt for the people and for the laws of Papua New Guinea? Not Peter O’Neill.  While he is lining his pockets and living the high life with property, bank accounts and other assets in Australia and elsewhere overseas, the people are suffering. Prices are rising to intolerable levels for the basic necessities of life, unemployment is rising, the 2015 Budget is already collapsing and the value of the kina continues to fall. People get poorer and poorer every day while politicians, konmen and cronies get richer and fatter. The Prime Minister’s illegal and financially irresponsible secret arrangements with USB and Oil Search

SYDNEY MORNING HERALD Two Sydney money managers have demanded about $23 million in fees for two years work investing Papua New Guinea taxpayer funds, some of which dropped in value by about $10 million. And a company they directed also paid hundreds of thousands of dollars in a referral or introduction fee to a former PNG prime minister's son in connection with getting the deal to invest the funds. The revelations have emerged from a row over $43 million of PNG government money that was squirrelled away in a small country bank branch in Lismore in northern NSW. The money is now the subject of a court case in NSW  involving the money managers and Papua New Guinea's third-party motor vehicle insurer, which owns the money. It has already sparked controversy in PNG with politicians raising concerns about how the $43 million fund, which belonged to the government-owned entity known as the Motor Vehicle Insurances Limited (MVIL), was  sent out of the countr