Tag Archives: O’Neill Peter (Ialibu-Pangia open) Prime Minister,

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

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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.→

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It’s vote-of-no-confidence time again.

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By PNG Echo. Papua New Guinea is, once again, finding itself looking through one of those windows of opportunity whereby the government can be defeated and removed on the floor of parliament by a vote of no confidence. This window is smaller this year because of legislation that increased the grace period from 18 to 30 months. It will be back to normal next year, the legislation having been deemed unconstitutional by the Supreme Court. But why is it expected that because it could happen that it should? What’s more, why do people expect an attempted vote of no confidence Continue reading It’s vote-of-no-confidence time again.→

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