New players in Papua New Guinea’s telco sector drive expansion & competition

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The recent arrival of two major international players into Papua New Guinea’s telecommunications sector has provided it with a timely boost – and a platform for much-needed growth.

People moves: BSP, Digicel Pacific, Ok Tedi

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BSP Financial Group welcomes new Chair, Ok Tedi Mining names Acting Chief Executive and Digicel Pacific announces new CEO for Digicel Samoa.

In brief: new resources projects moving forward Prime Minister Marape tells resources industry and other business stories

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New resources projects moving forward, Prime Minister Marape tells resources industry, Fortescue’s CEO visits the Purari hydropower project and the ADB welcomes changes to Kumul Consolidated Holdings legislation. The business news you need today.

Papua New Guinea’s 2022 Budget to address budget repair

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Papua New Guinea’s Treasurer Ian Ling-Stuckey is expected to deliver his third National Budget tomorrow (Thursday), with a major focus on managing the country’s K6 billion budget deficit.

In brief: Papua LNG scheduled to commence in 2027 and other business stories

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Total E&P’s MD outlines Papua LNG schedule, the Internal Revenue Commission signs Memorandum of Agreement with the SME Corporation and Air Niugini to resume services to Sydney. The business news you need today.

In brief: BSP Financial Group announces half year results and other business stories

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BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. The business news you need today.

Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?

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Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?

In brief: Digicel possibly up for sale and other business stories

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COVID-19 tests now mandatory for incoming flights to Australia, Digicel’s Pacific operations could be up for sale and K92 organises a visit to the Kainantu mine.

Analysis: is phone data getting cheaper in Papua New Guinea?

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There has been much enthusiasm about new undersea internet cables in Papua New Guinea and predicted improvements in internet pricing, but is there a real change? Amanda H A Watson, Picky Airi and Moses Sakai analyse the changes in pricing for the first half of the year.

In brief: Papua New Guinea to receive K4.2 million from the US and other business stories

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The United States commits K4.2 million in the fight against COVID-19 in Papua New Guinea, Monoyal project gets positive drilling results and PNG confirms five new cases of COVID-19. The business news you need to kickstart your week.