PNGBLOGS

by AUGUSTINE EMIL Music Industry, like the Sports Industry,should be given a thought from the Government to generate income and revenue from the raw and unique talent that it possess. Sports and Music are fairly identical talent oriented fields in which the govt has overlooked the potential in the Music Industry to fund it, nurture it, and expose it abroad combining it with our unique diverse culture and the admirable tradition that we have anywhere in the World. Successive Govts have prioritised Billions of Kina in Sports in which I think its a complete desolate waste but should give a balanced nod on both fraternities alike. The heavily funded Sports like Rugby League, Union, Soccer, Basket Ball and others has never brought pride and jubilation to our country in the International arena. The rewards and achievements of Gold, Silver and Bronze attained by Sporting elites has no economic value in revenue aspects for PNG but remain simple household decorations that only the famil

by PAUL FLANAGAN Summary The recent IMF report indicates PNG’s international economic situation is much more frail than the picture presented by the O’Neill government. Indeed, the IMF calls the foreign reserves position ‘weak’. PNG has less than one third the recommended level in its international bank account. And this is despite the foreign exchange rationing that is hurting PNG business, investment and jobs. PNG’s published import coverage ratios are misleading and out of step with internationally accepted definitions. Specifically, PNG claims foreign reserves cover 13.0 months of imports while the independent umpire, the IMF, says the figure is only 3.2 months of imports. The suggested level for a country such as PNG is around 10 months of imports. PNG has less than one-third the prudent level. PNG says the import coverage ratio for non-mineral sector imports has increased by 28% over the last five years.  This appears to show a healthy improvement in PNG’s external

by MICHAEL PASSINGAN PNG BLOGS has learnt that Prime Minister PETER O'NEILL has directed Kumul Consolidated Holding  (KCH) Chairman and O'Neill rubber stamp PAUL NERAU to engage the services former Digicel PNG CEO, JOHN MANGOS as a super consultant to the Public company in a bid to sell off TELIKOM and its subsidiaries to DIGICEL and you guessed it REMINGTON Group of Companies. PNGBLOGS broke a story today about the recent engagement of Mangos in a plot to sell off three of PNG's State owned Telcos Telikom PNG, B-Mobile and DataCo. T elikom has a good track record of being independent unlike Air Niugini or PNG Power, they have diversified their business into the areas of television (EMTV) and retail (DATEC). JOHN MANGOS is Peter O'Neill's puppet and a Digicel plant to take over the Communications Industry in PNG through the sale of TELIKOM PNG and its subsidiaries. He has been around Papua New Guinea after he was promised the role to sell off Telikom and ma

by JACKSON PUNDU Kumul Consolidated Holdings (KCH) has become a safe haven for thieves and robbers, both Papua New Guineans and foreigners. Unfortunately some leaders are allowing this to happen and are nurturing it, to be blunt. They know millions of Kina floats around KCH and they want to get in there and have a slice of it. This is squandering what is rightfully our people's money and assets. If you have noticed, there have been countless restructures in the recent past, all in the name of better alignment and efficiency but these are hog-washed tactics to cover up hidden selfish motives. KCH's recent changes to include Kumul Communications with its expanded vertical structure is nothing more than an attempt to wrestle the state telecommunication entities ( Telikom, Bmobile and DataCo ) out of the hands of the Government into private hands. This is the big picture at play, directly under the watchful eye of the Prime Minister Peter O'Neill. They

MENDI AIRPORT RELOCATION MONEY FRAUDULENTLY WITHDRAWN. by GARY TEMO K2 Million out of a K10 million allocated by NAC for the Olama airport has been drawn by District CEO Joe Ingipa, District Treasurer Waita Wepi and serial thief and works Minister's son and  bagman Alex Awesa. Works Minister Minister and Imbonggu MP Francis Awesa says he is not aware. How can this daylight robbery go unnoticed by the Minister when it is being perpetrated right under his nose? Who authorized this theft of funds for a critical infrastructure project  that SHP is in great need of? The Works Minister cannot brush aside this and must be made to account for this theft of public monies by his political cronies. We now call upon all agencies of state to fully investigate this theft and daylight robbery.

by GABINA TAU Post Courier is owned by Rupert Murdoch's News Limited . It's biggest PNG shareholder is Nambawan Super with almost 26 percent. Strangely NSL does not have a director on the board which gives the management free reign. The Managing Director Kevin Smith is gay and lives with a little gay boy (half kerema hula). Together with other corrupt managers they been busy building the private empires. Kevin Smith is close to Ozzie at Ela Beach Hotel and through him to Peter O'Neill. Smith and his management frequent Airways Bacchus bar where he has a private drinks cabinet for him and his gay lovers. Over the years Kevin Smith and the late editor Blaise Nagoi had a desire to win an award in the News Limited annual awards for excellence in journalism.  They got close once with Gorethy Kenneth who is a O'Neill girl and regular Paddy's stool warmer. So their luck struck when a conman named Simon Eroro dreamt up this unbelievably outrageous concoction of a

  by MICHAEL PASSINGAN Its not Rocket Science, Papua New Guineans should know that the country is crumbling. Bank of PNG Governor Loi Bakani’s explanation of the theft of K124 million in demonetised banknotes, and their illegal distribution across the country and on EBay, is pathetic. The theft is clearly an inside job and Bakani’s statement is an attempt to cover that fact up. It could only have been carried out with detailed knowledge of the bank’s practices for the destruction of notes that have been taken out of circulation. Even more alarming is that the scandal – yes, another one in the O’Neill Regime, one of the most corrupt governments in the world – comes at election time. It won’t be long before the money starts appearing in the Highlands as election bribes by PNC candidates and coalition cronies Some stories circulating in Highlands centres indicate that that is already happening. It’s an easy thing to do, as PNC’s crooked strategists surely know. Villagers in remot

by MICHAEL PASSINGAN One of Prime Minister Peter O’Neill’s movers and shakers in the Defence Force land fraud, and many others, is accountant Phillip Eludeme. Eludeme, chairman of the Central Supply and Tenders Board, has now been suspended by Prime Minister Peter O’Neill over his role in the corrupt purchase of land at Manumanu, Central Province. It was always an obvious suspension, given that Eludeme was directly involved in the fraud and benefitted personally. But, mysteriously, he was not one of the victims of O’Neill’s first response to the scandal when he made scapegoats of Defence Minister Fabian Pok, Public Enterprise Minister William Duma, and a range of senior officials. It was as if Phillip Eludeme, fixer and facilitator for O’Neill and his criminal crony Jimmy Maladina, did not exist on Monday when O’Neill provided details of his fake inquiry. Yet Eludeme has been named as receiving a kickback of K8.5 million from the Manumanu fraud. He also benefited directly as di

by  MYKALG WALGHE If there was a ranking for "the dumbest parliament" in the commonwealth then PNG would rank at the top , courtesy of 90% of its MPs who are unable to think critically, clearly, rationally, logically and contribute and debate constructively on national issues in the parliament. The PNG Parliament, the highest law making body of the land has become a laughing stock simply because our so called MPs have conducted themselves with less aptitude and intelligence over the last 20 years or so. It seems most of the MPs are loosing touch with the issues affecting the nation when they are supposed to be cognizance and on top of every issues as national leaders. Most of the leaders are caught off-guarded and are lost when important issues are raised in parliament and it's very embarrassing for them looking like fools in the parliament not knowing what to say. Most of the MPs hate parliament sittings badly and wish that the sessions would end quickly so t