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.
Industry sectors
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.
Global food giant Nestlé began importing noodles into Papua New Guinea in the late 1970s and is now one of PNG’s major manufacturers. How does it do business in PNG? Business Advantage PNG asked the Managing Director of Nestlé Pacific Islands, Eugene David.
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.
The Australia–Papua New Guinea Business Forum in Port Moresby next week will have a special focus on how to improve Papua New Guinea’s vast infrastructure needs.
Bob Hansen, MD of major agribusiness Mainland Holdings, considers the threats and opportunities to Papua New Guinea from climate change.
Air Niugini has paid a divided of K7.6 million (US $3.5 million) to the government for the 2011 fiscal year, its second dividend since corporatisation in 1996.
In a move that will have an immediate impact on internet users in Papua New Guinea, Telikom PNG has cut the fees it charges wholesalers for its internet services by an average of 68%, effective this month.
The four-year feasibility study on Solomon Islands’ Tina River hydro dam project on Guadalcanal Island is nearing completion and a final report will go to government in September this year.