“Our PNG people live in a world subject to natural disasters. As the new Treasurer Sam Basil presented PNG’s Economic Update, the Ulawun volcano erupted in the Province next to mine. PNG lives on what is called the Pacific’s “rim of fire”. Eruptions and earthquakes are part of our daily lives – such as the […]
Thankyou Mr Speaker, At this stage, I haven’t had a chance, to go into the details, of the Economic and Debt Update, as it is a document that deserves close examination. I will do this tomorrow, or as soon as it becomes publicly available or if it should fall off the back of a truck. […]
Thankyou Mr Speaker, My QWN refers to the announcement of a new economic team that the country has been eagerly awaiting, to solve the economic crisis that is causing very deep and even extreme, hardships for our people. It also refers to the recently gazetted ministerial determinations, which has been creating confusion as to who […]
24 June 2019 Policy uncertainty threatens start-up of Papua LNG and Wafi-Golpu Opposition Leader Patrick Pruaitch today called on the government of Prime Minister James Marape to provide a clear sense of direction for the nation in the Parliamentary session beginning tomorrow (Tuesday). “We are at a major crossroad in development terms. Some remedies need […]
PNG deserves an independent, comprehensive and factual Economic Update. Treasurer Basil, please deliver the type of update PNG really needs! The country waits eagerly for the promised Economic Update by Treasurer Basil on Monday 24 June. For too long, the truth has been hidden from the people of PNG. We know that there have been […]
20 June 2019 There is growing chaos about the job of the new Treasurer. What is his actual job? His job now formally excludes what used to be the key function of a Treasurer. What has he done about this? For example, according to the official Ministerial responsibilities set out in the National Gazette […]
SPEECH BY OPPOSITION LEADER, HON. PATRICK PRUAITCH CMG MP The topic today presents a dilemma. As someone who entered politics after a career in the private sector, my instincts suggest it is impossible to legislate for prosperity. Good legislation and stable regulatory environments are prerequisites for a thriving and confident private sector that drives […]
Former Treasurer Abel was one of the greatest loan sharks in PNG’s history. Less than a year ago he was dancing around the world, traveling first class (certainly not economy class like Prime Minister Marape!), to cripple PNG with his massive, expensive, risky $US500 million Sovereign Bond. Now he tells the country we should stop […]
PNG is in a very deep economic crisis. The business of the Prime Minister’s economic team should be to get PNG out of this economic crisis. Let’s stop the expensive Sovereign Bonds, but let’s not stop financing for sensible and vital economic infrastructure available at very cheap loan rates or even outright grants. Planning Minister […]
Former US President Bill Clinton won his historic 1992 election campaign by reminding everyone that parents want to make a better world for their children. Clinton’s focus was on the economy and ensuring there was good economic management. When asked about how politicians win elections, he famously responded: “It’s the economy, stupid”. The first NEC […]