PNGBLOGS

$12 million Chinese-built Sigiri bridge in Western Kenya collapsed before it was completed. President Uhuru Kenyatta inspected the project two weeks before the collapse. by MANISH SHARMA Editor’s note: All Pacific nations need to read this story and heed the warning before it is too late. One of you could be next. SRI Lanka has been crippled under a severe debt problem. In the last decade, it has invested billions of dollars in building huge infrastructure and most of the projects haven’t yet produced any adequate returns. Sri Lankan Government is now struggling to make payments and hence facing a severe debt crunch. Sri Lanka’s total debt stands at $64bn. About a whopping 95 per cent of all government revenues go towards debt repayment. The debt to China is eight billion dollars. Many local citizens feel the country is being sold to the Chinese. The problem is that money borrowed has been seemingly squandered on infrastructure that shows no sign of turning a pro

by MAX SORO  Prime Minister Peter O'Neil got his K220 million cut from Hebou Construction owner Constantino for awarding him the K600 million Reuben Taureka highway (formerly Magi highway) in the Central province. That money was being used at Alotau Camp to buy off candidates to join PNC. This K600 million was a loan drawn out from BSP to upgrade this portion of the road. As Constantino being the owner of Hebou Construction and chairman of BSP bank, he approved this loan. The Hebou Contractor sealed off less than 500 meters of the road for this massive K600 million loan money extracted from BSP. Someone with common sense would question whether the upgrade of such road with such kilometres cost more than half a billion kina of tax payers’ money? From this K600 million contracts allocated to Constantino, he gave back K220 million to Peter O’Neill. To cover up investigation as to how this K220 million came into Peter O’Neill’s bank account, he presented a signed document to

O’Neill’s close relationship with the Cragnolinis can be formally traced back at least as far as 2008, when O’Neill was Public Service Minister. [1] In that year, Peter O’Neill became a minority shareholder and director in the company PNG China Business Consultants Limited, alongside Sing Yun Ling from Hong Kong and Ni Yumei Cragnolini. The company specializes in wholesale trade and consulting. During May 2009, Peter O’Neill strengthened his relationship with the Cragnolinis through their joint acquisition of Dove Funeral Services, which O’Neill, Lady Ni Yumei and Sir Luciano still share ownership of. The following year, in 2010, Peter O’Neill (through his company Remington Technology) bought a 34% stake in the Cragnolinis company, Melanesian Travel Consultants Limited. O’Neill’s shares were purchased from Ni Yumei Cragnolini who retained a 33% interest. A Chinese national, Yuewei Ni held the the other 33%. O’Neill later transferred his shares from Remington Technology t

DEAD PERSON DECLARED NICK KUMAN AS MP FOR GUMINE OPEN SEAT.  Late Peter Kalpe was initially appointed as the RO for Gumine Open Seat in this coming election. Unfortunately, he died. Hence, Max Yomba was appointed as his replacement. In this press conference by the Electoral Commissioner Patilias Gamato, he said that RO Max Yomba declared Lucas Dawa as Member-elect for Gumine Open Seat at Dicksons Oval in Kundiawa. The Electoral commissioner also said after that that the RO Peter Kalpe declared Nick Kuman as Member-elect for Gumine Open Seat "here at the Electoral Commission's office before the Deputy Electoral Commissioner ". Peter Kalpe died. So a dead man declared Nick Kuman as Member-elect for Gumine Open Seat. VIDEO EVIDENCE OF GAMATO ANNOUNCING THIS

by PAUL FLANAGAN via PNG ECONOMICS BLOG The PNG Treasury released the 2017 Mid Year Economic and Fiscal Outlook (MYEFO) last night (31 July)- see  here . This is an extraordinary document .  Amongst the detail is a damning insight into O’Neill’s continuing mismanagement of the budget. There is little doubt that the original 2017 budget was fiscally fraudulent (see here  and here ). The PNG Treasury document indicates, in summary: The budget deficit is over K1 billion larger than forecast only 7 months ago.  The PNG Treasury document states the deficit has increased from K1,9bn to K2.8bn. This will continue the pattern of the O’Neill government having consistently the largest budget deficits of any government in PNG’s history – see here . And the actual deficit forecast is actually over K3bn when including the blowout in interest costs for all the public debt from K1.3bn to K1.5bn. This is the 3rd highest item of government expenditure – a fact hid

by TRANSPARENCY INTERNATIONAL There is a planned hijack of normal process by Peter O'Neill using military personnel. There is  a lot of movement and parade by PNGDF barracks here in Port Moresby. Tomorrow the government will be formed on the floor of parliament, that is the normal process. If P.O. fails to master the required number then Military coup by his tribes man Toropo is eminent tomorrow. If someone else becomes Prime minister the parliament will be completely shut down by security personnel.  To all DF and Police office if you are given an order which you feel that it is not right then don't do it. Our country is everything.  And it's bigger then any individual like P.O.. This is play B for PNC, PNG SHOULD BE AWARE!

Alotau camp is not in harmony & confidence of a bright future as anticipated. PNC Media Propaganda is done by experts in manipulating public opinion so we don't know what's really happening behind closed doors and Alotau camp. Ol money worshipping MP Elects harim K5 Million cash up for grabs in Alotau camp with all logistics paid for na ol go however right now cash ino kamap lo han blo ol yet;  only assurance. Many who went for koble are regretting NOW. It's practically impossible to distribute more than 350 Million in cold hard cash (K5 Million per MP + Gamato, Baki, Lupari, Bakani, Dadae) or by Bank Account Transfer to all the recipients within 1 week before parliament resumes to elect Speaker & PM. Sir Mek knows how precisely O'Neill will manipulate the system to transfer the payments because Sir Mek was MD of PNGBC & Governor of Central Bank that's why O'Neill is intent on hijacking the process to removed Sir Mek hence the attempt on Sir