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Showing posts with the label China

PNG WHERE YOUR KINAS BUYS MORE

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by Therow Zuaru

The economy of the world and the way money is valued, is one of the biggest scams of the universe. Money and wealth are naturally backed by mineral resources, land, and basically physical commodities such as precious metals. But in Papua New Guinea, it is not so. It has created a view on national success as putting priority budget areas on financial assistance.

It is amusing to watch our politicians continue to become researchers researching into international financial schemes like WB, IMF, Exim Bank, ADB, EU, Ausaid, UBS, EU for soft loans development funds, financial aid to survive. Virtually for almost 45 years these financial institutions have been the proud sponsor for Papua New Guinea existence.

Papua New Guinea has been recipient of foreign assistance since independence and prepare our budgets factoring the aid dynamics into them. Important issue we must look at is the financial assistance has obviously been a primordial source of income for many Papua New Gui…

DANGEROUS SECRECY BEHIND THE CLOSE DOOR BETWEEN CHINA AND PNG DEBT-TRAP NATION.

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by JAYLON JACOB

Everyone knows the history and international politics, I will just give a brief ... Power in international relations is defined in several different ways.. Those states that have significant amounts of power within the international system are referred to as Superpowers, big powers, middle powers, and small powers respectively. The power is measured by military and economic power. Countries like the US, Russia, China are a superpower...Example of Big power countries are Great Britain, France and for middle power in Australia and few others...So PNG fits into small power group...That means PNG can be easily influenced by Super Power countries in terms of money via aid and military by conducting an exchange training programme or other means.

Going back to political history..The Cuban Missile Crisis, in 1962 confrontation between the United States and the Soviet Union concerning American ballistic missile deployment in Italy and Turkey with consequent Soviet ballistic mis…

Where is the PNG LNG money? Did PM skim K6Billion and gave K21Billion to PNG?

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by GREG KONDE

THE first liquefied natural gas cargo of the PNG LNG project was loaded onto the Spirit of Hela ship on May 14, 2014.  The three markets for the PNG liquified natural gas are Japan,  China and Taiwan (primarily Japan).  The project sends 6.9 million tons of LNG to the three Asian markets per year.
Founding father of the nation Sir Michael Somare said in the July 22, 2016 Post Courier that he “cannot understand how our economy is managed. Despite 250 shipments of Oil and Gas so far, there is nothing to show for (it).” He said one shipment is around USD$220 million and questioned why the government keep borrowing.  He stated that Prime Minister Peter O'Neill should tell the people the truth about the economic situation affecting the country.
Exxon Mobil receives the largest portion of the income – that is to be expected as they invested far more than anyone else, an amount of $US20B (K50B).

Through Kumul Petroleum Holding Limited, Papua New Guinea holds a …

SEE WHAT THE GOVERNMENT IS DOING IN THE NAME OF FOREIGN INVESTMENT?

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by TERRY SEMBO

STEP BACK MENTALLY AND CONSIDER FOR A MOMENT WHAT OUR GOVERNMENT IS DOING IN THE NAME OF FOREIGN INVESTMENT: They have opened the door to every Tom, Dick and Harry foreign invader to come into the country. Too many are worthless carpetbaggers smelling the prospects of big profits for their pockets and not giving a damn about PNG or its peoples. The reason why we attract so many unscrupulous investors is because our country is, overall, a poor investment prospect in terms of high risk. Yes, high profits, but only if you get around all the risks.

The government acts like the Supreme Pamuk in dealing with foreign investment and foreign investments. There is a story from the early 2000s when InterOil came sniffing around PNG and had a meeting with Mining and Petroleum Engineer department top cats. The InterOil representatives apparently were neither polite nor tolerant of melanesian niceties. They got straight to the point and said, you either do things the InterOil way an…

THE MOST POWERFUL WOMAN IN PNG -

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by POROLO PERIAP

Ru Lu aka Dora Lu graduated from university in Shanghai in English Literature. She went to work for a Chinese State cultural agency as a researcher in Taiwan Affairs. At the age of 23, she was seconded to a second Chinese State Agency to secure access to funding for the cultural agency. Unbeknownst to her, she was groomed to be the mistress of the head of her new employer. She lost her virginity to the head of the state agency, her former employer got access to all the funding it required.

In time, she married a man who was migrating to Australia as a way of escaping her circumstances. She bore a daughter, Catherine, who is now 8 years old. 
However she returned to China to beg the man to who she was once a mistress, to giver her work. This man is now a very powerful figure in the PRC Government. He directed all SOEs from the PRC with interests in Oceania, to use Dora Lu as their agent to facilitate and secure contracts in the region. 
Enter Nixon Duban …

FUTURE PAPUA NEW GUINEANS WILL PAY FOR O'NEILL RECKLESS BORROWING

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by PONOWI SIWI REMO

WHEN PEOPLE NEED TO BORROW OTHER PEOPLE'S MONEY FAST, THEY ALWAYS PAY THE PRICE: 

They get less money at more cost and this is what Peter O'Neill is doing right now. He's not mortgaging PNG's wealth, he will be destroying it.

China is a massive sea of humanity, 1.35 billion out of the total world population of 7.4 billion. Much of China's land is desert. There is a massive concentration of population along the coasts and fertile river valleys. As the population has continued to grow, land has become more short, and people struggle just to grow enough food to eat. The massive rural impoverishment has caused a spillover into urban areas. People are packed like tinned mackerel in many of the cities. They have virtually no living space and certainly will never own any land. They will never own their accommodation in most cases, unless it is a tiny little apartment where an entire family is packed. Think of how you would feel if you were forced to live …

PNG would welcome more US investment

ABC NEWS
Papua New Guinea would welcome more investment from the US as the superpower continues its battle for supremacy with China, according to Bougainville president John Momis.
US secretary of state Hillary Clinton has issued a warning that PNG is one part of the Pacific where the US is engaged in a strategic competition with China over resources and leadership.
Ms Clinton was blunt about US strategic intentions when she went before the foreign relations committee last week.
She says China is "wining and dining" politicians from across the Pacific.
"Let's put aside the moral, humanitarian, do-good side of what we believe in and let's just talk straight, real politique," she said.
"We are in a competition with China. Take Papua New Guinea - huge energy find.
"Exxon Mobil is producing it. China is in there every day in every way trying to figure out how it's going to come in behind us, come in under us. They're supporting the dictatorial regim…

PNG would welcome more US investment

ABC NEWS
Papua New Guinea would welcome more investment from the US as the superpower continues its battle for supremacy with China, according to Bougainville president John Momis.
US secretary of state Hillary Clinton has issued a warning that PNG is one part of the Pacific where the US is engaged in a strategic competition with China over resources and leadership.
Ms Clinton was blunt about US strategic intentions when she went before the foreign relations committee last week.
She says China is "wining and dining" politicians from across the Pacific.
"Let's put aside the moral, humanitarian, do-good side of what we believe in and let's just talk straight, real politique," she said.
"We are in a competition with China. Take Papua New Guinea - huge energy find.
"Exxon Mobil is producing it. China is in there every day in every way trying to figure out how it's going to come in behind us, come in under us. They're supporting the dictatorial regim…

"A bitter and disillusioned nation" Somare

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PNG EXPOSED BLOG

Papua New Guinea’s Prime Minister has gone on the record to complain about criticism of him and his family (see the Radio NZ report below). “People are bitter. PNG has lost its sense of decency and it is a poison that could destroy the country” says Michael Somare.
But his attempts to somehow paint himself as the victim of outside forces betray the fact that he, more than anyone else, is responsible for this sorry state of affairs.
Michael Somare has been Prime Minister for the last eight years. As well as ignoring the corruption of his fellow Ministers and senior bureaucrats, he has tried to place himself and his family above the law by fighting Leadership referrals through the courts and ignoring inquiry findings. Somare and his family have enriched themsleves at the expense of ordinary Papua New Guineans and show no compassion – his K130 million private PMV is only the most obvious example. 
Somare is the one that has treated Parliament with complete contempt a…

"A bitter and disillusioned nation" Somare

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PNG EXPOSED BLOG

Papua New Guinea’s Prime Minister has gone on the record to complain about criticism of him and his family (see the Radio NZ report below). “People are bitter. PNG has lost its sense of decency and it is a poison that could destroy the country” says Michael Somare.
But his attempts to somehow paint himself as the victim of outside forces betray the fact that he, more than anyone else, is responsible for this sorry state of affairs.
Michael Somare has been Prime Minister for the last eight years. As well as ignoring the corruption of his fellow Ministers and senior bureaucrats, he has tried to place himself and his family above the law by fighting Leadership referrals through the courts and ignoring inquiry findings. Somare and his family have enriched themsleves at the expense of ordinary Papua New Guineans and show no compassion – his K130 million private PMV is only the most obvious example. 
Somare is the one that has treated Parliament with complete contempt a…

Pacific Politics Revamped from an Island Perspective

JOHNNY BLADES

Melanesian grouping of Papua New Guinea, Fiji, Vanuatu and Solomon Islands reconsider their regional links
They've come a long way from trading fish and coconuts. There's discord in the Melanesian Spearhead Group over the accession of Fiji to the chairmanship, a battle that reflects recognition of the growing importance of Melanesia as global demand for resources heats up.
That wasn't always the case. The inception of the group, initially as a trade bloc, in the mid-1980s drew derision from some. Vanuatu's ambassador at the EU, Roy Mickey Joy, remembers when they started negotiations for the MSG trade agreement: "The reaction we got from Canberra and Wellington was 'what are the Melanesians going to trade with, fish and coconuts?'"
Since then, there's been a shift in global economic policy, says Mickey Joy. The group now has a bigger role to play in the region and beyond.
These days, the MSG – whose full members are Papua New Guinea, Fiji…

Pacific Politics Revamped from an Island Perspective

JOHNNY BLADES

Melanesian grouping of Papua New Guinea, Fiji, Vanuatu and Solomon Islands reconsider their regional links
They've come a long way from trading fish and coconuts. There's discord in the Melanesian Spearhead Group over the accession of Fiji to the chairmanship, a battle that reflects recognition of the growing importance of Melanesia as global demand for resources heats up.
That wasn't always the case. The inception of the group, initially as a trade bloc, in the mid-1980s drew derision from some. Vanuatu's ambassador at the EU, Roy Mickey Joy, remembers when they started negotiations for the MSG trade agreement: "The reaction we got from Canberra and Wellington was 'what are the Melanesians going to trade with, fish and coconuts?'"
Since then, there's been a shift in global economic policy, says Mickey Joy. The group now has a bigger role to play in the region and beyond.
These days, the MSG – whose full members are Papua New Guinea, Fiji…