While its bullish prediction of US$23 billion in export earnings for Papua New Guinea by 2030 may have garnered the headlines, there’s a lot more to ANZ’s ‘Bold Thinking: Imagining PNG in the Asian Century’ report, released this week.
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Even if the PNG Government puts up its share of the funds for the Solwara I, as Nautilus Minerals’ CEO expects, it will be at least two to three years before the company can begin its deep sea mining operation in the Bismarck Sea.
A new ring road being built ahead of the 2018 APEC summit, diplomats warned and other local and international stories.
Corporate and residential telecommunications prices in Papua New Guinea should fall over the next year as infrastructure improves, according to senior representatives of PNG’s two leading telecommunciations companies, Telikom and Digicel.
You probably haven’t realised it, but on the ground floor of the Mutual Rumana building in Port Moresby’s Waigani suburb something inspirational is happening—and it’s not just five star food at two star prices.
The National Court has confirmed the appointment of Mal Lewis as chairman of the National Airports Corporation, while its board has confirmed an Acting Managing Director.
Nautilus Minerals says it will go ahead with its high grade copper-gold exploration project in the Bismark Sea, after an international arbitrator compelled the PNG government to abide by a joint venture agreement.
Newcrest Mining has announced the appointment of Peter Hay as the new Chairman of Newcrest, when Don Mercer retires in December 2013.
Tourism operators have welcomed the government’s plan to develop Kokopo and Rabaul in East New Britain province as the country’s tourism hub. But they warn poor infrastructure and the country’s bad image overseas could prevent PNG reaping the benefits of ‘huge’ tourism potential.
Papua New Guinea’s oldest manufacturing company, Paradise Foods, is marking its 80th year of operations this year, after its humble beginnings as a small town bakery in 1933. Behind the quiet celebrations are big expansion plans, Managing Director David Peate tells Business Advantage PNG.