PNGBLOGS

 by DANIEL TULAPI LLB In my one term of Member of parliament 1992 to 1997 , I , Daniel Bali Tulapi have stood up to Julius Chan ( PM) and foreigners when I was in NEC . I was sacked by Prime Minister Chan as minister for standing up to him for "telling him what to do in NEC. " I told PM Chan.. " I submitted a NEC policy to adopt the Saudi Arabia model of hard KINA policy and not to devalue the KINA at the world market currency trade market." I told National Executive Council (NEC) cabinet not to listen to foreigners and foreign governments. " I said the Kutubu oil when exported will be paid for and purchased by USA our KINA not by USA Dollar. That means and I said " K 1 = 3 USA Dollars. At that time K1 = 1.5 one Dollar 50 cents USA DOLLAR. I said we PNG maintain hard KINA policy and adopt Saudi Arabia model of the Riyal currency of Saudi Arabia 1 riyal = 3 USA dollars. Saudi Arabia was the largest oil exporter in the world at t

by BRYAN KRAMER The Prime Minister's office released a media statement " Prime Minister Hon. Peter O'Neill Highlights the Importance of Political Stability - Notes Supreme Court Decision on Constitutional Amendments" Author of the press statement said the Prime Minister has received the Supreme Court ruling and parties respected the decision but it is important that the reasons behind the amendments are understood as it is an issue that will likely return again in the future. "This legislation was designed to further enhance the stability in the Government of the nation,” Prime Minister Hon. Peter O’Neill said. “This was for current and future Governments. “It should be noted that since the passing of the integrity law that came into effect in 2002, and these further amendments in 2012 and 2013, the country has enjoyed sustained economic growth averaging 8 per cent. “This is largely because of the political stability that is in our country. "As