PNG NEWS BLOG

PRIME MINISTER JAMES MARAPE CHALLENGES POST-COURIER TO PROVIDE PROOF OF ‘K300 MILLION CORRUPTION’ IN 2022 ELECTIONS PM MARAPE CHALLENGES POST-COURIER TO PROVIDE PROOF OF ‘K300 MILLION CORRUPTION’ IN 2022 ELECTIONS APPROVED FOR RELEASE:JUNE 3, 2023 Prime Minister Hon. James Marape has challenged the Post-Courier to provide proof that K300 million allocated for the 2022 National General Election was diverted to “fund Government ministers without control”. He said this in response to a front-page report in the Post-Courier of Friday, June 2, 2023 – purportedly from the National Intelligence Organisation (NIO) which comes under the Department of Prime Minister & National Executive Council (PM & NEC) - with the headline “K300 million corruption”. “If the Post-Courier had done a proper investigation instead of cheap gutter journalism, by simply going to the 2022 Final Budget Outcome (FBO), it would have seen a full breakdown of the K695.8 million 2022 National Election Spending by A

K300 Million Allocated For The 2022 National General Election (NGE) Allegely Diverted to Government Minister Without Control BY JEFFREY ELAPA,  Post Courier, 02 June 2023. About K300 million allocated for the 2022 National General Election (NGE) has been allegedly diverted to fund government ministers without control. However, yesterday afternoon the Prime Minister James Marape responded that he was not privy to the report. The K300 million is from a total of K650 million allocated through for the 2022 National General election allocated through the 2022 National Budget. The 11 page Prime Minister’s special brief from the PNG National Intelligent Organization (PNGNIO) dated Monday 28 November, 2022 indicated a total of K650 million was allocated through the Budgetary allocation in the 2022 National Budget but only K350 million of the funding was released to the PNG Electoral Commission (PNGEC) while unconfirmed reports received by the NIO alleged that the reminder of K300 million was b

PNG is Facing Fuel Crisis and Experiencing Worsening Economy How the Foreign Currency Issue is Fueling Papua New Guinea's Fuel Crisis and Worsening Economy by  Exepreneur Magazine 19 February 2023. Papua New Guinea (PNG) is currently facing a fuel crisis due to unresolved foreign currency (FX) issues that have left the country with a severe shortage of fuel. The issue of FX, or foreign exchange, is complex and has many economic variables such as GDP, inflation, economic growth, employment, and more. The ongoing standoff between PUMA Energy and the Bank of Papua New Guinea (BPNG) has brought this issue to the forefront and has raised questions about the sufficiency of the government's foreign currency reserves. The country's high inflation rate and the skyrocketing prices of goods and services have only compounded the fuel shortage issue, which has had a significant impact on the economy. The fuel shortage has caused disruptions to the aviation industry, with Airlines, force