Undersea fibreoptic cables are set to revolutionise internet connectivity in Papua New Guinea and the responsibility for that infrastructure locally falls to PNG DataCo. Managing Director Paul Komboi updates Business Advantage PNG on the Kumul Submarine Cable Network, and outlines the state-owned telco’s long-term strategy.
Boardroom briefing: new grant for Pacific journalism, forget about time management, and the new Apple credit card
The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.
New Chairman for Kumul Petroleum Holdings Limited, Nautilus names a new Managing Director, the National Gaming and Control Board reappoints CEO, Papua New Guinea Customs Chief Commissioner gets a five-year term.
The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG’s gas production, represents the second-largest foreign direct investment ever in the country.
The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.
With regulatory approval finally received for ANZ’s sale of its retail banking assets in Papua New Guinea, ANZ PNG’s Chief Executive Officer Mark Baker talks to Business Advantage PNG about the bank’s future plans in the country.
Leading social commentator and business analyst Bernard Salt AM and futurist Mark Pesce have been confirmed as the two keynote speakers for this year’s Business Advantage Papua New Guinea Investment Conference, to be held in Sydney on 19 and 20 August.
Many locations in the Pacific provide the opportunity for wreck diving. Tufi Dive Resort in Papua New Guinea’s Oro Province is one of the best, reports Nina Karnikovski.
The State of Papua New Guinea has lost its attempt in the Singapore High Court to wrest control of the remaining assets of PNG Sustainable Development Program Ltd (PNGSDP), worth US$1.4 billion (K4.72 billion).