PNG violence, Vodafone in Madrid, PNG criticised for mining delays, the gold crash leads to a gold rush, and much more news from around the world
News
The transformation of Bemobile mobile phone company following last week’s reported restructure has begun, with Bemobile’s Regional CEO for Papua New Guinea and Solomon Islands, Pradeep Lal, already in PNG to take the reins, and a contract to roll out 300 more towers in place.
The dream of high speed broadband in Papua New Guinea has taken a step closer, with the completion of a fibre-optic cable connecting Gulf Province with the ExxonMobil-run PNG LNG plant, 20km north of Port Moresby.
Major changes at Bemobile as Vodafone steps in to take over, while Westpac MD and InterOil CEO announce departures.
PNG violence makes global headlines, dollar bond issue gains traction, Ian Kemish reflects on his time as High Commissioner and Changi Airport voted ‘the best’.
The Papua New Government is apparently exploring the option of a US dollar bond issue to help finance its investment in infrastructure, according to several financial market sources.
Mobile phone competition in Papua New Guinea and Solomon Islands is about to get tougher, after a deal which will see about US$250m (K550 million) in new funding for PNG’s second carrier, BeMobile, which will see it relaunched as Vodafone BeMobile.
The ownership structure of the Ok Tedi mine ‘had stood the test of time’ and there was ‘no good reason to change it,’ according to Chairman of Papua New Guinea Sustainable Development Program Limited (PNGSDP), Sir Mekere Morauta.
Port Moresby business leaders have welcomed a Cabinet decision to spend more than K700m (US$320m) on six major road projects for the National Capital District.
Radio Australia on the Papua New Guinea Sustainable Development Program debate, a call for closer pacific ties, and why Sasol is pulling out of Papua New Guinea …