“A respected business friend of mine was excellent at keeping people’s feet on the ground. If businesses started becoming wildly optimistic about increased sales or lower costs, he’d look at them and say “Mate, you’re hallucinating”. Tough advice, but good advice from a real friend. Unfortunately, in reviewing recent statements from the Treasurer,  I am […]

Read more

“The international credit ratings agency Moody’s is concerned about economic mismanagement in PNG and has put its credit rating on “negative watch”. This is only the fourth time in the last two decades that PNG has been put on this negative watch, meaning there is an increased chance of a credit ratings downgrade. PNG’s credit […]

Read more

“The big picture outcome numbers for the 2017 Budget look too good to be true – and they are. The Final Budget Outcome (FBO) released by the PNG Treasury on 14 March- the 83 page detailed document after a premature speech by the Treasurer last month – raises massive questions about credibility and trust. There […]

Read more

“In an extraordinary outburst on 22 March, PNG’s Treasurer Abel accused me of “blurting out speculations” and talking “nonsense”. With respect to the Treasurer, it would be more productive if we dealt with facts and the issues rather than issuing emotional comments. The facts are as I stated, and these are available directly from the […]

Read more

The Member for Moresby North-West, Sir Mekere Morauta, said today that the Treasurer’s statement that the Government would consider issuing a bond for K230 million to settle the amount owed to Nambawan Super for public servants who have already retired was a step forward in resolving the long-standing problem for the retirees. “It is not […]

Read more

Bougainville Leaders have condemned Prime Minister Peter O’Neill’s insensitive outburst about the Bougainville Autonomy issue in Kavieng last week. “Anything to do with Bougainville must be said and done on Bougainville alone – and not in any other town or province,“ disappointed Deputy Opposition Leader and member for South Bougainville, Hon. Timothy Masiu said. During […]

Read more

Opposition Leader Patrick Pruaitch has called on Prime Minister Peter O’Neill to release PNG LNG Project development levy funds for relief work and rehabilitation of earthquake-stricken areas in Southern Highlands, Hela and Western Province. “These funds, amounting to at some K300 million, rightfully belong to the Provincial and Local Level Governments of the gas producing […]

Read more

“PNG is in a deep financial crisis. In such circumstances, it can be difficult to find a way out. Sometimes, going back to basics is the key – back to the fundamentals of good economic management leading to improvements in confidence. Better confidence can stimulate more investment and then higher growth and then more revenue […]

Read more