PNGBLOGS

PNGBLOGS EXCLUSIVE PNG IS GONE AS A SOVEREIGN NATION IN JUNE IF NOTHING IS DONE TO REVERSE THE LOAN TAKEN BY O'NEILL GOVERNMENT TO BUY OSL SHARES. If the PNG Government does not find USD 1.5 Billion by 13th June, 2016, UBS will ask the government to Appoint a Receiver Manager for the Oil Search shares, the Receiver Manager will manager the Escrow account in Singapore. by June UBS will declare PNG bankrupt. This frightening revelation was revealed to PNGBLOGS by Government Insider working with the Department of Prime Minister and NEC who has sighted the original deed. The Principal Maturity date for the UBS loan was 13th March 2016.The Papua New Guinea Government has now K3.2 billion to pay UBS. We are in the grace period but that ends on the 13th June, 2016. Peter O'Neil signed with JP Morgan for refinancing turnaround time two weeks has lapsed. The World Bank, IMF, ADB and AusAid have already started painting bad picture about Peter O'Neil. He is an economi

OP.ED Former Madang Governor Sir Arnold Amet was Papua New Guinea’s second Chief Justice of the National and Supreme Courts. He took over from another eminent Papua New Guineans, Sir Buri Kidu, the late husband of Dame Carol Kidu, the MP for Moresby South. As Chief Justice, he was highly regarded and respected by the people of this country and overseas. Sir Arnold was seen as one of the pillars of this nation. Ordinary people used to think of him simply as a good man, a good Papua New Guinean. When he retired from the Judiciary, he provided consultative services to the public and private sectors because his views on the Constitution and laws of PNG were highly regarded and respected. When Madang MP Sir Peter Barter decided to quit politics due to health reasons, Sir Arnold was asked by Sir Peter to take on the challenge to represent the people of Madang. Sir Amet accepted the invitation and announced to the people of Madang and PNG that he was to contest the 2007 national elections. M

OP.ED Former Madang Governor Sir Arnold Amet was Papua New Guinea’s second Chief Justice of the National and Supreme Courts. He took over from another eminent Papua New Guineans, Sir Buri Kidu, the late husband of Dame Carol Kidu, the MP for Moresby South. As Chief Justice, he was highly regarded and respected by the people of this country and overseas. Sir Arnold was seen as one of the pillars of this nation. Ordinary people used to think of him simply as a good man, a good Papua New Guinean. When he retired from the Judiciary, he provided consultative services to the public and private sectors because his views on the Constitution and laws of PNG were highly regarded and respected. When Madang MP Sir Peter Barter decided to quit politics due to health reasons, Sir Arnold was asked by Sir Peter to take on the challenge to represent the people of Madang. Sir Amet accepted the invitation and announced to the people of Madang and PNG that he was to contest the 2007 national electi