When you’re handed a lemon – make lemonade. The PNG Oil Search shares saga.

By PNG Echo. Prime Minister, Peter O’Neill has defended his government’s position on the controversial UBS loan in the wake of an article published by Fairfax Media saying: The cost of losses we suffered to the Arabs are far worse than the cost we pay on the loan from UBS.” He went on to explain: PNG paid $8.20 when the Somare government agreed to pay $8.50 to the Arabs, Oil Search is our country’s biggest tax payer and one of the largest employers of our citizens so why is it wrong for us to be a stable shareholder in that Continue reading When you’re handed a lemon – make lemonade. The PNG Oil Search shares saga.

Share Button

Anti-corruption? I don’t think so

By PNG Echo While corruption is a problem in PNG, the anti-corruption movements it has spawned are proving to be an even greater one. The recent launching of a Facebook site, PNG Anti-Corruption Movement for Change (PNGACMC) gave its founders pause for thought (at least it should have) as they provided a forum for black hatred expressed in the form of threats of extreme sexual violence and torture by one contributor against another. The threats were so horrific and disgustingly graphic that one person wrote it was …the worse thing she had ever read on Facebook. The founders and leaders Continue reading Anti-corruption? I don’t think so

Share Button