Month: October 2015

People in glass houses…: A timely reminder by Hon Mao Zeming

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By PNG Echo. The Hon. Mao Zeming, MP, the Deputy Leader of the People’s National Congress Party (PNC) and Minister for Fisheries and Marine Resources, has questioned the motives of one of the Grand Chief, Sir Michael Somare’s, children – the former MP for Angoram and Minister for State Owned Enterprises under his father’s government, Arthur Somare.   While the cameras roll, said the Hon Zeming, commenting on Somare Junior’s reported intention to stand outside ASC in Australia, I wonder how eager he will be to discuss his own ministerial record and the charges that were leveled against him in Continue reading People in glass houses…: A timely reminder by Hon Mao Zeming→

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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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