PNG Cyber Monitor

World Finance & Economy President Xi, left, and President Trump at a trade meeting in December. The two leaders are under pressure to end the US-China trade war as the economic climate darkens. Photograph: Pablo Martínez Monsiváis/AP (For image text, go to  https://www.theguardian.com/business/2019/feb/23/global-economy-slowing-down-what-can-governments-do  (The global economy is slowing down. What can governments do about it?) Whatever China may say, global economic slowdown a certainty PORT MORESBY:  The world’s No. 1 and No. 2 economies - the US and China - have their own woes but without doubt that they impact the business environments of the rest of the world. So, when China downplays economic slowdown, it is almost certain that there is an economic slowdown not only in China but the rest of the world. PNG Cyber Monitor reproduces below a South China Morning Post (SCMP) recent articles for readers and businessmen to scrutinise what Chinese Premier Li Keqiang said j

News that matters in Papua New Guinea Schoolgirl lured and raped by cousin and his five friends PORT MORESBY: There are times when one needs to be extra cautious and not be too trusting, even with relatives. An 18-year-old Grade 12 schoolgirl was too trusting and did not suspect that her university undergraduate cousin was luring her out of her house one night to be abducted with five others. The six then held her captive in a house from 7pm to 3am where they took turns to rape her. She lost consciousness at 3am and the rapists thought she had died. Here’s the full story as reported by The National : Police: Five raped girl till 3am March 29, 2019 The National National   Article Views:  83 AN 18-year-old schoolgirl, betrayed by her cousin, was allegedly abducted and raped by six men in Enga’s Tsak Valley on March 5. The cousin, a university undergraduate, lured the grade 12 girl out of her house by asking her to help

News that matters in Papua New Guinea Image for illustration only. How much is a baby worth? K800? PORT MORESBY: Is a baby worth just K800 in Papua New Guinea? What do you think? It is just unthinkable that a woman will sell her own flesh and blood without a blink of an eye. And that was exactly what happened when a mother sold her two-week-old baby boy for a meagre K800. The mother, her husband and the couple who bought the baby are all now summoned to face a magistrate. This was what The National reported: Mum fined K800 for selling son for K800 March 28, 2019 The National National   Article Views:  6 By JAMES GUMUNO A MAGISTRATE has ordered a mother who sold her two-week-old son for K800 to pay the same amount to the court as a fine. Mt Hagen Magistrate Jacinta Doa also ordered the arrest of the husband, and the woman who bought the child. They are expected to appear before her tomorrow. She warned mum Yawama Ku

Supermarket sales/deals for the week Visual for illustration only Be a smart consumer! PORT MORESBY: Groceries and food are a daily necessity for everyone. It is with this in mind that PNG Cyber Monitor is making a weekly compilation of deals offered by supermarkets here. Be a smart consumer, get the best out of your kina by checking out the prices and planning your shopping. The list below is a service for the convenience of our readers and followers. This is it: Stop&Shop (Promotion from March 25 to April 7, 2019): Frozen Lamb Flaps (K21.95/kg save K3); New Zealand red apples (K10.95/kg save K1.90); Arnotts Original Tim Tam 200g (K9.95 save K1); Tulip Pork Luncheon Meat 200g (K4.95 save 55t); Frozen chicken wings (K18.95/kg save K1); Assorted Gala ice-cream 2L (K17 save K2); Flame Flour Plain/Self Raising 1kg (K4.25); and Ocean Blue white meat tuna BBQ 180g (K3.75 save 50t) - As advertised in The National on Wednesday March 27, 2019. (Promotion from March 28

World Finance & Economy Image for illustration only. For image content, go to  https://realinvestmentadvice.com/is-the-bull-market-in-danger-10-14-16/  ( Is The Bull Market In Danger ) Recession concerns wreaking havoc in equity markets PORT MORESBY: Recession concerns continue to wreak havoc in equity markets globally, but Asian markets took the hardest beatings, sending indices down south today (Thursday March 28, 2019). Here’s what Reuters reported from Sydney: Asian share markets painted red Thursday(Update) MARKETS Thursday, 28 Mar 2019 8:53 AM MYT MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent, with South Korea down 0.7 percent and Shanghai blue chips slipping 0.3 percent. Japan's Nikkei fell 1.7 percent. U.S. stocks could not escape the malaise with E-Mini futures for the S&P 500 off 0.5 percent. SYDNEY: Asian share markets were painted red on Thursday as recession concerns sent bond yields spiraling lower across the

News that matters in Papua New Guinea Image for illustration only. For image text, go to https://www.outsideonline.com/1922566/trail-murder-and-revenge-papua-new-guinea  (A trail of murder and revenge in Papua New Guinea) Baby found feeding on dead mum’s blood PORT MORESBY: A 16-year-old boy found his four-month-old baby brother feeding on their dead mum’s blood in a horrifying attack in Sihan village, Madang, on Monday. The band of knife-wielding killers slashed to death the mother, Kelib, her elder son Greg and husband Kawas who was found dead in a sitting position about 200m away. Media insiders told PNG Cyber Monitor some of those horrifying details of the slayings had been left out by the print media in their reports. The motive for the 6pm attack was not immediately known but Madang police commander Ben Neneo told the media that there was serious law and order problem in the area (possibly linked to tribal feuds). It was learnt that Kenimai Kori was hiding in

News that matters in Papua New Guinea For image text, go to  https://www.digitaltrends.com/cool-tech/boeing-737-max-crashes/2/  (Everything you need to know about the Boeing 737 Max 8 aircraft) Now it’s engine glitch for jinxed B737 MAX jets PORT MORESBY: It sure looks like Boeing’s B737MAX jets are jinxed. Before it can even get all the jets back in the air, an engine glitch forced a Southwest Airlines MAX 8 to make an emergency landing in Orlando. Although the issue was not related to the jet’s computer system that is suspected to have caused the two fatal crashes in Indonesia and Ethiopia, the so-called engine glitch does little to heal the battered air safety confidence of airlines and passengers. (Read this for context: https://pngcybermonitor.blogspot.com/2019/03/air-niugini-to-take-delivery-of-two.html (Air Niugini to take delivery of two B737 MAX jets next year despite crashes in Indonesia and Ethiopia ) And, here’s the EveningStandard report on the engine glitch eme

World Finance & Economy Add caption US continues with its post WWll world oil control policy PORT MORESBY: Post World War ll has seen the US dominating and manipulating world crude oil prices until today. The US has also been waging war, Iraq is the clearest example, to sustain its economic and financial global standing and influence. And its global geo-politics is also clear for the rest of the world to see. The latest Reuters report, reproduced below, clearly shows how oil prices are dictated by the US: Oil prices sink after surprise US crude stock build OIL & GAS Thursday, 28 Mar 2019 6:44 AM MYT Brent crude futures settled at $67.83 a barrel, down 14 cents or 0.2 percent. U.S. crude futures settled at $59.41 a barrel, falling 53 cents or 0.9 percent. NEW YORK: Oil prices slumped on Wednesday after government data showed U.S. crude inventories grew more than expected last week as a Texas chemical spill hampered exports. Brent crude futures set

World Finance & Economy For image’s text, go to  https://avantfx.com/trading-forex-in-bull-and-bear-markets/ Wall St relief after five days of losses PORT MORESBY: After a five-day losing streak, equity players all over the world were yesterday (Tuesday March 26, 2019) relieved to see the Wall Street registering its biggest daily percentage gain since Feb. 15. And that’s the markets’ world of ups and downs that is witnessed daily, weekly and monthly every year. Here’s what was reported by Reuters : Wall St climbs as financials snap five days of losses MARKETS Wednesday, 27 Mar 2019 8:12 AM MYT NEW YORK: US stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows. The S&P 500 financial index gained 1.1 percent and registered its biggest daily percentage gain since Feb. 15. Benchmark 10-year note yields were steady on the day but above the level reached Monday, which was the lowest since December

News that matters in Papua New Guinea Air Niugini to take delivery of two B737 MAX jets next year despite crashes in Indonesia and Ethiopia PORT MORESBY: More than 300 Boeing 737 MAX jets have been grounded globally after two such controversial aircraft crashed in Indonesia and Ethiopia the past five months. The crashes killed about 350 people and Indonesia’s Garuda has informed Boeing it will cancel a multi-billion-dollar order for 49 Boeing 737 Max 8 jets. Garuda had already received one of the planes, part of a 50-aircraft order worth US$4.9 billion when it was announced in 2014. Obviously, after the Garuda crash, the Indonesians have found it necessary to reject the B737 Max jets in the interest of air passenger safety. Papua New Guinea’s Air Niugini had also ordered four such jets from Boeing and it is set to take delivery of two aircraft next year, and another two in 2021. Air Niugini has maintained its stand that it will go ahead with taking delivery of the jets amid co