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Showing posts with the label 2015

PNG ON THE BRINK OF GREEK TYPE ECONOMIC COLLAPSE

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INSIDE INFORMATION By Carl of BPNG and Pat of Treasury Department Peter O’Neill, Patrick Pruaitch, James Marape, and Loi Bakani have not told Papua New Guineans the real causes of our economic crises and the effects that should be expected.   PNG’s economic crisis is far worse than what it appears and we are dumbfounded by the silence of the people in the know. Learned Papua New Guineans continue to zip their mouths and eyes whilst Prime Minister Peter O’Neill continue to peddle his lies across our simple minds. Two of us have compiled this report together for the love of our country. Most of these information are already available to the public. We hope that all equally concerned Papua New Guineans will be enlightened by this article, for an enlightened citizenry never remain silent. We have four interconnected yet separate problems on hand at the moment: Government Coffers without Money Bank of Papua New Guinea without Sufficient Foreign Reserves (Forex)

POST ANALYSIS OF THE 2015 PACIFIC GAMES ON PNG'S ECONOMY.

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by SAM BASIL MP, Deputy Opposition Leader The Opposition have always been critical of how Papua New Guinea’s (PNG) economy has been financially mismanaged by the O’Neill government and we still believe this, when the 2015 Pacific Games has placed a further financial burden on PNG’s economy. As Deputy Opposition Leader, I do not question that all those associated with the 2015 Pacific Games, held here in PNG, should be acknowledged for a successful event given the short time span to organise; credit must be given to all these professionals, volunteers and sponsors for their commitment and determination. But the reality check needs to occur when the Pacific Games have left PNG’s shores and we are reminded about the recession we are currently in, and the loans that the O’Neill government have exposed PNG to; both issues will be strongly denied by the O’Neill government through their media propaganda announcements. What the O’Neill government won’t tell you, is that most major s