Papua New Guinea Prime Minister Peter O'Neill announced his resignation on ...
SYDNEY - Papua New Guinea Prime Minister Peter O’Neill announced his resignation on Sunday after seven years in the top job following weeks of high-level defections from the ruling party.
O’Neill, who handed the reins of power to former prime minister Sir Julius Chan, said the change of leadership will allow the country to “continue the reform agenda that we have been delivering.” Defections from the ruling coalition have been going on for weeks and on Friday at least nine members switched sides, according to two ministers who were among them.Opposition politicians said on Friday they would push for investigations in Australia and Switzerland into a A$1.2 billion loan arranged by finance group UBS if there was a change of government, the Australian Financial Review reported.
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