PNGBLOGS

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

by LEKEM LAKI Australian Brian Kelly who took an article on Post Courier dated 10th June 2016, on page 8, titled, “CEO on Black Swan ownership”. Who is Brian Kelly trying to brain wash? Papua New Guineans aren’t all naïve and ignorant people to believe Brian Kelly’s bullshits. He purportedly came out publicly in the height of commotion on Wednesday (9th June 2016) to divert the public perception on the ownership of Black Swan International. There is no secret about who owns Black Cat, Phoenix, L&A, Global Construction, Remington and Black Swan international. Also, it is no secret about who is associated to pathological liar and master thief Peter O’Neil whether it be national or opportunist expatriates. Brian Kelly is closely associated to Peter O’Neil managing his Remington Company and we have vivid memory of Brian Kelly’s business connection and political affiliation to PO and PNC. It’s a public knowledge, Brian Kelly can’t erase it even with indelible ink

  by GREG MARA SECURITY ALERT!! //////////////////////////////// //////////////////////////////// BAKI MOBILIZES AND DISPATCHES PORT MORESBY POLICE TO THE HIGLANDS TODAY. AFTER A HIGH LEVEL SECURITY MEETING YESTETDAY, GARY BAKI IS DISPATCHING PORT MORESBY POLICE TO THE HIGHLANDS TO QUELL THE ROADBLOCKS, ETC. Gary Baki is definitely embarking upon a suicide mission because the entire people of PNG are waiting for the police to show their faces to vent their frustrations over O'Neil and over the shooting of the unarmed students at UPNG. Unlike the Bougainville Crisis, the police is facing hundreds of thousands of civilians' guns compared to the police's 5,000 guns. Baki can control and contain volatile situations in Port Moresby with no problems. But out in the open, Baki's men will be sitting ducks! But the irony of it all is, most policemen and women hate O'Neil but duty calls so they will offer their own lives to cover up O'Neil's

NIUGINI OUTLOOK Again we must rely on sources based at Unitech to know what is going on. All the "helpful" David Kelma supporters who were rubbishing us only a week ago have oddly were always saying that our information was wrong, but never giving the evidence to support their claims. Our evidence are witnesses, multiple witnesses, who contact us independently but have been coming up with very similar stories. We cross check a bit and that is how we establish the credibility of what we are told. Unitech students have now wasted another week of time they could either have been doing effective actions that supported UPNG and the national movement to force the PM to step aside, or they could have been doing their coursework. They did none of the above. They either sat around doing nothing or they engaged in actions that only made them look like baby sense had taken control. Such a giant contrast between the sluggish movement of Unitech versus the other universities. Is th

PM'S POLICE OPEN FIRE ON UNARMED STUDENTS  Members of Special Services Division (SSD) armed with military style weapons opened fire on unarmed University of PNG (UPNG) students. The incident occurred at the roundabout outside the UPNG gate. The students were leading a peaceful protest to Parliament to witness the tabling of motion of Vote of No Confidence against Prime Minister Peter O'Neill. Police set up a road blocks at the roundabout stopping the students fr om proceeding to Parliament. After heated discussion Members of the Special Services Division opened fire on students shooting in indiscriminately. The UPNG President was shot in the chest with a tear gas cannister two other students were shot one in the leg and another in the chest. Students ran for their lives running back to UPNG campus while they were chased by Members of Police Force. Right now they are hiding in their rooms as Police move in and out of Campus. Concerned about the lives a

by DILU GOMA Peter O’Neill’s argument against stepping down or resigning as Prime Minister in order to allow law enforcement authorities to do their job of investigating allegations of crimes or misconduct in office is that there is no ‘evidence’ of any wrongdoing on his part. Based on this, he has fought tooth and nail, both in court and out of court, to stay on in the office of Prime Minister of PNG. The out of court tactics he has used (killing the Task Force Sweep, changing justice minister, removing police commissioner, trying to remove the chief magistrate, etc) are clear signs of a power-hungry individual. The in-court battles he has fought will not come out in his favor in the end, because lawful processes of the Police, Prosecution, Leadership Tribunal, etc are all guaranteed under the Constitution, and the Supreme Court is likely to uphold this clear principle of good governance. Two fallacies of O’Neill’s argument concerning ‘lack of evidence’ are as follows. One,

by   National Alliance Party Insider As the University student-led protest has gained traction, and increasingly the electorate is informed of the excesses of the current government, some of the coalition partners of the People’s National Congress-led government are now trying to save face before voters leading into the National General Elections next year (2017). And within the inner sanctum of the National Alliance (NA) Party, the post-2017 outlook is taking shape. As the only party in the political history of Papua New Guinea that consecutively held executive government back-to-back government since 2002 (until 2011), the NA officials and NA parliamentary leader Hon. Patrick Pruaitch are now stuck with a Peter O’Neill-led government that has done more harm to destroy the legacy of the NA. According to highly-placed NA party officials, the PNC, of which Peter O’Neill is the Parliamentary leader, will not find NA as a willing partner should any coalition government be negot

BPNG INSIDER In PNG we have a serious foreign exchange deficit which is hampering the economy.  The economy is being mismanaged. The K3B UBS loan is due for repayment on 13th of June,   Some of the specifics:  The interest rate on the loan was 12.3%, which comes to approximately K30M per month for 27 months (two years plus three months grace period).  The sources of the information used in this analysis the Post Courier and PNG blogs. The Prime Minister made the loan arrangement with UBS without consulting with the NEC and/or Parliament.  He made the decision after consulting only with James Marape and Patrick Pruaitch. He used the K3B UBS funds to purchase 150 million shares in Oil Search on the Australian Stock exchange, paying $A8.20 per share on March 14, 2014.  The total comes to $A1.23B or about K2.46B, based on the exchange rate in March 2014.  The K2.46B invested in Oil Search purchase leaves K540M unaccounted for (K3B – K2.46B).  I do not know what happened to the K540M. The

  PNGBLOGS L&A Constructions are Luciano Cragnolini, Yumei Ni Cragnolini & their strange sleeping partner & bedfellow in our one and only Peter O’Neill. The ridiculous Parliament tiles over pebbles job is nothing compared to what other stunts they have pulled and are pulling all over the place in PNG. Luciano & Yumei Ni Cragnolini were in the right place at the right time to do Peter O’Neill special favors when he was just a senior Minister in Somare’s Cabinet. Yumei Ni Cragnolini in particular saw in Peter O’Neill what her husband couldn't see. And so she is one woman who needs to be credited with having the eye to the future in that family. These days, when her children question what she seeing in O’Neill, even O’Neill as Prime Minister is out to protect Yumei Ni’s vision of what was, what is, and what could be.There is a strange case of one of Yumei Ni’s step sons questioning Peter O'Neill deep commitment to the family a few years ago at Airways, you shou