PNGBLOGS

by Belden N. Namah MP As in the game of Chess, O'Neill’s opening in assuming power was indeed truly remarkable because people like me made it possible. While he did not take us all to the moon it was still a remarkable ride. Two major loss he suffered recently may perhaps lead to the beginning of his end game. The two major losses he suffered recently are of his own making. First, by dragging his foot on an Electronic Election with the hope of influencing the outcome of the 2017 O'Neill woke up after the 2017 election results started coming in to see his majority in Parliament decimated from 60 members to only 23. We also saw for the first time under his leadership unprecedented level of election-related violence in the Capital of all the highlands Provinces with over 25 deaths and millions in losses and damages to property. The election violence continues unabated today in his own Capital of Mendi where he remains powerless in restoring normalcy and where the enti

by MAIA WAMENE Felix Kange hails from Maia Village which is about two kilometers from Pangia Station, Southern Highlands Province. The village is made up of 3 council wards.It is a village that has produced more than 300 University & other Tertiary institution graduates and well over 10 millionaires. Felix Kange is the son of Former Ialibu/Pangia MP, Mr. Pundia Kange(1982-1987)  & chief of Maia Village & Ialibu/Pangia District. People in this village including Pundia Kange has got much bigger influences in previous elections, both in open and regional seats.  They have been seen as the power brokers for this electorate, given this influence support was desperately needed by O'Neill to win in this years election. Peter O'Neill reached out to get their support and in doing so he submitted to their (Maia) demands after meeting them before the elections and was happy to meet what they wanted in order to gain their support.  Peter O'Neill submitted to

The real story behind this and now details coming in the open is Felix Kange was caught with his pants down having sex with his late wife's sister, while the late wife and some other friends were in the car waiting to go out partying on that fateful F riday night.  He had ran back to the house to pick up something but went to his sister in law's room and started having a romp, a few minutes went by and he did not show up in the car and the late wife being suspicious went back inside the house to check, she found her sister's door locked and head moans and groans coming from inside, he had no way of escaping, he got busted by his late wife deep inside his sister in law, out of his shame and from the arguments that followed he took out his side arm and released a round on his wife.  With all the ill-gotten millions he got via stealing from the state through various false claims he paid off his in-laws not to sue and bought them all out, no one wants thi

by KEN MONDIAI PNG Govt Oil Search Shares held by KUMUL Holdings "SOLD" with K100 million deal but what about the loss if you look at it closely.....there is a huge coverup here clearly all done in secrecy just for the interest of FOREIGNERS in PNG. Peter O'Neill was at the UN General Assembly meeting in New York and secretly flew to Houston Texas. Home of Exon-Mobil ....my contacts in Texas USA told me ... that is a Dangerous Move ... effectively Exon-Mobil is trying to gain grounds in the PNG Oil & Gas sector by strategically doing behind the scene deals by providing advice and using the power of the media which they control to cover the truth. They already played their games by having a "powerful dictator" in place and soon another small powerful dictator in the seat of HELA, then they will effectively control everything. Other investors in the sector like TOTAL, REPSCO and others who have interest in PNG Gas & Oil Fields will be bought out b

by HOPE PNG The sale of Oil Search shares by UBS resulted in it recovering part of its principal from the US$1.2 billion (K3 billion) loaned to PNG Government to purchase the shares initially. Of that K3 billion loaned to PNG Government, UBS only recovered K2.22 billion from that sale. Simple math dictates that UBS made a loss of K780 million on the principal amount loaned. • The first shipment of PNG LNG was made in the last week of March 2014 (source: PNG Business Advantage) • PNG LNG proceeds were held in a UBS bank account as collateral in Singapore. • The State offloaded (by directing UBS) the Oil Search shares and made a loss of US$250 million (or K780 as stated by Wapu Sonk). • The actual loss would be well over K1.8 billion when calculating collar costs, commissions to advisors and all other costs associated with the UBS loan. • O’Neill claimed Government made a net gain of K100 million from that sale. • The only logical conclusion one can draw is that UBS dippe

The Member for Moresby North-West, Sir Mekere Morauta, said today that the International Monetary Fund Article IV Summary Report was a timely wake-up call for the Government and that he hoped the Supplementary Budget to be brought down in Parliament this sitting would deal with the issues raised. He said the Supplementary Budget should be the start of a long journey to repair the Budget and public finances and lay the foundation for sustainable growth, especially in the non-mining sector. The IMF pointed out that the 2017 fiscal deficit would need to be reduced significantly, but that further reductions would need to occur in future years. It also said that the Government needed to stop borrowing and printing money, reduce liquidity in the system – which means reduce expenditure and that it needed to urgently address the foreign exchange shortages and allow the kina some measure of flexibility to determine its own value in terms of other currencies. Sir Mekere said people shou

by PAUL FLANAGAN The press release from the latest mission of the world’s International Monetary Fund (IMF) – see here – highlights the difficult road ahead for PNG in dealing with recent years of bad luck and economic mismanagement. Challenges On the fiscal front, the IMF considers that the government will fail in the Supplementary Budget to bring the 2017 budget deficit back to the target of 2.5% of GDP. Rather, it estimates the deficit will be “a little over 3%” – so a gap of some K370 million relative to the 100-day target. The goal to reduce the debt to GDP ratio back to the legislated level of 30% as part of the 2017 Supplementary Budget is also recognized as infeasible. Instead, the suggestion is a medium-term objective of moving to a balanced budget by 2020 (and GDP growth will work to reduce the ratio). So the first two targets in new Treasurer Abel’s 100-day plan are likely to fail. Expected growth is also wound back from the 2.7% estimate in 2017 down to 2.4%.

by  Mykalg Walghe PNG has recently joined the few elite and prestige club of oil and gas producing countries in the world comprising of both developed ( US) and developing (South American & Arab Countries) as a significant producer of oil and gas and we as a nation should be proud of the achievement and classification of our country as such. With the very first discovery, production and export of Kutubu and Gobe Oil and the very recent production and export of the multi-billion Kina LNG and two new LNG ( Papua and Elk & Antelope) Projects in the pipeline to be developed soon, PNG is held in high regard by both petroleum investors as well as consumers of oil and gas the world over, making it one of the best and viable hydrocarbon investment destinations in the world. One determining factor that makes hydrocarbon investment and for that matter mineral investment in PNG more attractive is the legislative regime that governs these sectors which favors foreign investors mor

by PAUL FLANAGAN 16 September 2017 marks PNG’s 42nd anniversary of Independence. How have things been going? A good benchmark for measuring progress is PNG’s Vision 2050 document. This sets out a blueprint for making PNG “a Smart, Wise, Happy and Fair Society by 2050”. The Vision’s primary measurement indicator is “We will be ranked in the top 50 in the United Nations Human Development Index by 2050”. So how is PNG going towards meeting this goal? The following graph shows PNG’s progress in improving its Human Development Index (this is a composite index of factors such as life expectancy, education, and incomes). Since the 2050 Vision document was released in 2010, PNG had its lowest rate of improvement since 1990. After doing well in the early 90s and during the 2000s, PNG has gone back to even worst rates of development than in the disastrous late 1990s. To meet the goal of being in the top 50, PNG needs to move from its 154th ranking of 188 countries in 2010 and jump

by DAVID LEPI Behind this charming and unfailing gracious persona lies a shrewd and unflinching calculative mind. A mind of a brilliant and accomplished political tactician the country has ever seen. Peter Parre O’Neill is the maker and breaker of political parties, a mover and a shaker of political will and even those whims of titanium craftily engineered by the seasoned and well-placed hands that many thought wouldn’t stand the test of the boy from Ialibu/Pangia’s political ingenuity. Born to Brian O'Neill, an Australian-born magistrate of partial Irish descent and local mother Awambo Yari, from Pangia Southern Highlands. In Parre’s veins run 'Kamari'- the blood of those destined for higher callings. O'Neill was educated at the Pangia Primary School, Ialibu High School, and Goroka High School. After leaving the school he was educated at the University of Papua New Guinea, graduating with a Bachelor of Accountancy and Commerce in 1986. O’Niell's tentacle

by  IVAN KEAS CPA Introduction PNG is a growing economy in market and business and it’s not limited in its investment capacity. It is open and wide that can efficiently allocate and distribute investment resource within its system. The West Minister Government and the Indigenous values have resembled this attributable development trait that complements the structure to adapt well with relative ease and it’s been appreciated as an integrated enabling cross-cutting culture that posses commercial and economic respect. The values have held the tenets of our democracy and loyalty to our heritage that affirms Human to be a distinguishable creature. We hold this truth as it stood the test of time in our Constitution. Papua New Guineas do not have any problem with its People, System, and Economy. She is young, cute, virgin, wealthy, rich, energetic, adventurous and attractive because of its beauty and its people. Notably, PNG Economy is an interdependent economy and majorly generates

by DON POMB POLYE My fellow PNGeans! Let me express to you all my profound gratitude for your steadfast solidarity to me during the 2017 elections and my 15 years as a member of your Parliament! My seat was robbed but my leadership is God-given which I love to play in any position or status my creator places me! My loss, thence suffering, or, my win thus rejoicing, and whatever, that befalls me is all to illustrate God's purpose in the humanity of our young nationhood. Every one of us was designed and manufactured through the assembly line of life experiences to live and fulfil the purpose of our Maker! Our God! Our personal seasonal experiences in life are allowed us to test our steadfastness in living uprightly and Godly. Living in uprightness and Godliness, in Practicably and genuinely combating all forms of evils, threats and set - backs to what is good and righteous are God"s Purpose!!! Everyone in PNG was created to live and promote this purpose...and non-other

by JULIAN MARK Its now 13 weeks, the frustrated people now have vied to crossfire using arms against the National Security Forces and looking at different perspective to solve the problem their own way, while Government Services have stand-down or provincial administration services abandoned and public servants ran away to protect their lives. We womenfolk call for immediate supplementary election as soon as possible because declaration of the current count will not satisfy the people of SHP.  WE KNOW OUR FRESH BALLOTS HAVE BEEN TAMPERED AND THE DECLARATION OF A WINNER FROM THE CURRENT PROLONGED COUNT DOES NOT REPRESENT OUR CASTINGS.  So the SHP Governor Seat has to be called for supplementary election. The disaster is collosal, but we are clouded to see the deafening and ignorant Electoral Commissioner's delay to let more deaths occur? See these photographs of empty live ammunition and properties damaged by both police and supporters of a candidate in Mendi Tow

by PAUL FLANAGAN Following are three key questions which potential investors should be seeking answers for at the PNG Investment Conference being held in Sydney on 7 and 8 September. First, what are my peers doing? While a good business investor will be open to finding a niche market with great potential, it is relevant to know what their investment peers are doing. There was a rather disingenuous Bloomberg article last week titled “Australia Would Rather Invest in Papua New Guinea Than in China” – see here. A more comprehensive set of figures, based on total Australian investment in these countries is shown in the graph below.   [Source: Australian Bureau of Statistics Catalogue 5320 Table 5 issued 10 May 2017.] Three key elements.  First, one should consider more than just direct investment.  This dominates the PNG picture but is a much, much smaller element than in China where investment options are much more diversified. Second, investments in Hong Kong are also rele

by WARREN WAMUNAP 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,