Peter O'Neill

VIDEO: Crackdown on Foreign Biz

The VIDEO shows the PM talking about locals are becoming poorer collecting rental payments while the foreigners are earning more.

 

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O’Neill to Kumuls: “Carry the Heart of our Nation on your Jerseys"

"I congratulate our Kumuls for a great win, you served your Nation proud today.

"This is the first time we have ever beaten Wales in the history of the Rugby League World Cup, and the highest points scored by our Kumuls in the history of the competition.

“The team performed strongly against a solid team from Wales, but lets never be complacent.  

"There are some strong teams you will meet in the future.

"Maintain your focus, stick to your training regime, and carry the heart of our Nation on your jerseys.

PM yet to announce Cabinet reshuffle

The announcement was supposed to be on Monday but documents are yet to be finalised.

Last Friday, a few MPs from Pangu Pati were sworn in as vice ministers, including party leader Sam Basil, who was sworn in as a minister without a portfolio.

O’Neill, who was at the Government House to witness the swearing-in ceremony, said the leader of Pangu Pati brings a wealth of experience to Cabinet.

OSL sale tops agenda in parlt sitting

It all started with a question without notice from Moresby North-West MP, Sir Mekere Morauta, asking Prime Minister Peter O’Neill a series of questions in relation to the sale.

“Why have you sold the shares at prices below what you paid for?

“It has been reported that you sold the last tranche of 31 million shares at $6.70, $1.50 less than the purchase price, incurring a loss on this final parcel alone of around K120 million,” pointed out the former prime minister.

“At what prices did you sell the other 118 million shares – more than $8.20 or less?

O’Neill condemns Sir Mekere’s statements

He said Sir Mekere’s statement was typical Opposition politics.

O’Neill dismissed the claims as being based on Sir Mekere’s imaginary figures, saying instead that on balance, the State has made around a 100 million Kina from the sale in Oil Search project.

“The State’s investment in Oil Search was the right decision at the time, it helped maintain confidence in the oil and gas sector, but was undermined by unforeseen global factors and baseless political opposition,” he said.

Sir Mekere calls for probe into OSL shares

“We always knew that this illegal deal between the Prime Minister, Oil Search and Union Bank of Switzerland was a bad deal, a bad investment and a bad use of public money,” he said.

“But we never knew it would be this bad.

“The total cost to the people of Papua New Guinea is likely to be more than K1 billion. Prime Minister Peter O’Neill must come clean on the exact costs.”

He said O’Neill must also come clean on whether the sale was caused by his Government’s inability to repay the loan.

Toropo summoned in Ialibu-Pangia petition

Justice Collin Makail issued the orders today on the request of lawyer representing petitioner in the Ialibu-Pangia seat, Stanley Liria.

The petition came for direction hearing today to assist parties prepare themselves for the actual hearing.

The main basis of the petition is the alleged illegal polling on Sunday, which breaches section 130(1)(b) of the Organic Law on National and Local Level Government elections.

Three are three grounds of the petition; illegal practices, bribery and undue influence.

​No DSIP cut: PM

In a statement, the PM said the supplementary budget maintains focus on core service delivery.

Despite criticisms, PM O’Neill is confident with the supplementary budget, to be tabled in the upcoming session of Parliament commencing on 26th September, 2017.

“The 2017 budget plan was based on commodity prices for our exports together with revenue generation,” the Prime Minister said.

“We are still in a challenging global economic environment with a slow rebound in commodity prices, and this places pressure on expenditure.”

O’Neill calls for unity

He said with the current economic crisis the country is facing, the global economy is uncertain, with the risk of conflict and economic instability.

“Our country joins with our partners around the world to deal with the greatest challenges.

“Challenges like climate change are real, and has caused extreme weather in our country and around the Pacific.

“From devastating tropical storms to extreme drought, homes and communities have been damaged and lives have been lost.

“We must prepare for future disasters.”

PM O’Neill admits issues affecting country

Speaking at the Independence Hill to mark the country’s 42 year’s anniversary, O’Neill said our country is very unique as we have tens of thousands of years of history, different cultures but have united as one people.

“We need to focus on what we can do to play a part in our national development – both as individuals and in our communities.

“The opportunities before our country are great, but there is a lot of work ahead for each of us if we are to reach our true national potential.”