Wednesday, November 11, 2015

Two Sydney money mander dealers demanded $23 million in fees for two years work investing Papua New Guinea taxpayer funds, some of which dropped in value by about $10 million.

Justice James Stevenson
SYDNEY MORNING HERALD
Republished on PNG NEWS on Facebook (2013)

Two Sydney money managers have demanded about $23 million in fees for two years work investing Papua New Guinea taxpayer funds, some of which dropped in value by about $10 million.

And a company they directed also paid hundreds of thousands of dollars in a referral or introduction fee to a former PNG prime minister's son in connection with getting the deal to invest the funds.

The revelations have emerged from a row over $43 million of PNG government money that was squirrelled away in a small country bank branch in Lismore in northern NSW.

The money is now the subject of a court case in NSW  involving the money managers and Papua New Guinea's third-party motor vehicle insurer, which owns the money.

It has already sparked controversy in PNG with politicians raising concerns about how the $43 million fund, which belonged to the government-owned entity known as the Motor Vehicle Insurances Limited (MVIL), was  sent out of the country in 2009.

Proud of our sons: In praise of Engan MPs

Re-posting an article by Joe Wasia on PNG ATTITUDE
(08.06.2012)

I THANK THE HONOURABLE MEMBERS from Enga Province who have been contributing tirelessly to the development of their province and the country one way or the other.

They played major roles in mobilising and demobilising the national government during their term in the parliament. We are proud of our sons.

Keep up the shining leadership, honourable member for Kandep and senior minister in successive governments, Don Polye.

You made us proud when you fly high the Engan flag across the nation. I believe if we have a system like that of the USA where the president is voted for by the people, Don Polye would attract millions of people in favour.

Why do many people called “Action Governor” to the honourable governor of Enga, Peter Ipatas? You know what? He initiated so many projects in all districts in Enga before and after the amendment to Provincial and Local Level Government Act.

Monday, November 9, 2015

Papua New Guinea Government headed by Prime Minister Peter O'Neil and his Deputy Leo Deon with some of the most senior MPs


Divine Word University makes history with online exams

Business Studies Students
DWU Community Information Centre
(09.11.2015)


Divine Word University (DWU) has made history by delivering its second semester examinations online for fulltime undergraduate students over the last two weeks.

This is the first time students at the Madang campus have taken exams online through Moodle - a Learning Management System (LMS).
The students did their online exams using the laptops the University issued. The online examinations concluded on Thursday November 5.

DWU President Fr Jan Czuba said; “In response to the growing interest in DWU’s programs the University is continuing to increase our focus on capacity development in the areas of quality and access through online learning.

PNG LNG operator Exxon Mobil camp near Komo Airfield, Komo Magarima district of Hela Province Papua New Guinea


Sunday, November 8, 2015

Papua New Guinea Opposition puts tough scrutiny over O'Neil Government

Copiled by Joe Wasia

The Opposition Leader Don Polye, Deputy Opps Sam Basil and a former Opposition leader Belden Namah and the team of less than 20 MPs putting tough scrutiny over O'Neil-Deon Government for the mismanagement of the country's economy. The heat builds up as the Bank of PNG announces the PNG Governments loan accumulation of K17.2Billion.


PNG former Prime Minister told the PM Peter O'Neil not to mislead the LNG landowners

Press Release
LOOPPNG (04.11.2015)

The O’Neill government had not progressed payments to LNG landowners since it took office in 2011, former prime minister Sir Michael Somare says.
Grand Chief Sir Michael Somare

He referred to the 2009 contract between landowners and the State in the PNGLNG project and said it was “sad’’.

Sir Michael said, “It has been six years since the Somare government and the Beneficiary group landowners signed off on the Umbrella Benefits Sharing Agreement (UBSA) yet Mr O’Neill sees fit to treat them, Provincial government and Local Level Governments (LLGs) with contempt by using delay tactics and misinforming them on their benefits.”

Sir Michael said Mr O’Neill’s recent ‘assurances’ to LNG Landowners of a ‘better deal’ were mischievous and designed to mislead landowners.
He said “The Prime Minister should start delivering the benefit packages in the 2009 Kokopo Umbrella Benefits Sharing Agreement before offering more of his renowned empty promises.

“The 2009 Kokopo UBSA’s total benefits sharing package represents absolute value that stands at a staggering USD11Billion over 25 years - this could hardly be considered as ‘a raw deal’ as suggested by Mr O’Neill.