Region

Australian government commits to building an undersea telco cable to Port Moresby

The Prime Minister of Australia, Malcolm Turnbull and the Prime Minister of Papua New Guinea, Peter O’Neill have announced they will be working together to lay a new undersea high speed telecommunications cable from Australia to Port Moresby. The move is expected to contribute to closer economic integration between the two neighbouring countries.
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Local knowledge and ‘being there’ critical for business success in the Pacific region

Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.
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Air Niugini looking to make Jacksons Airport a regional hub says chairman

National airline Air Niugini is helping establish Jacksons International Airport as a regional hub, according to the company's Chairman, Sir Frederick Reiher. He told the Business Advantage Papua New Guinea Investment Conference that the choice of new routes to China were made with that strategy in mind.
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Timor-Leste open to investment in oil, gas, tourism, agriculture and fisheries, says Ambassador

With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries. Meanwhile, its government is actively seeking investors in agriculture and fisheries, tourism and services, according to Abel Guterres, Timor-Leste Ambassador to Australia.
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Papua New Guinea should target second tier cities in China, says expert

To deal effectively with China it is best to target second tier cities, David Thomas, Chief Executive of Think Global Consulting, told the Business Advantage Papua New Guinea Investment Conference in Sydney. He said the country's GDP and middle class will double in the next decade, profoundly altering the world economy.
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Papua New Guinea businesses should expect APEC-related income streams from this October

Papua New Guinea businesses should expect income streams from October, 2017, as momentum builds towards the APEC summit in November, next year. The Director-General of the PNG APEC Authority, Sir Charles Lepani, told the Business Advantage Investment Summit in Sydney, towns outside Port Moresby will also benefit.
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Kumul Telikom urgently looking to build undersea cable to Sydney, says Chairman

Mahesh Patel, the chairman of Kumul Telikom, told the Business Advantage Papua New Guinea Investment Conference that the newly formed entity is urgently looking to build an undersea cable to Sydney. He said the aim is to reduce wholesale price by two-thirds
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Papua New Guinea Investment Conference ‘a resounding success’

The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
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