Tag Archives: #Peter O’Neill

Vote of no confidence – a vain hope

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By PNG Echo. In the lead up to this particular session of parliament, anti-government forces have been in overdrive trying to convince the public that a vote of no confidence is eminently reasonable. All this in spite of the bleeding obvious – no likelihood of success. Land of the unexpected, they said, winking knowingly. Are they living in some imaginary world where advertising slogans have some magical power?   …it’s a numbers game The Peoples National Congress (PNC) of which the Prime Minister is the head has 61 MPs – enough to govern in its own right, but, with the Continue reading Vote of no confidence – a vain hope→

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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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