The project to connect 70 per cent of Papua New Guinea’s population to electricity by 2030 is making progress, according to senior officials from the United States-funded component, the USAID-PNG Electrification Partnership.
Industry sectors
Oil Search’s shareholders have voted overwhelmingly to approve its merger with fellow petroleum and gas company Santos at a special shareholders meeting. With National Court and ICCC approval also received, the way is clear for the creation of a A$23 billion (K56.88 billion) resources company.
The Asian Development Bank is pushing ahead with its efforts to fund the development of Papua New Guinea’s road network. There will be about US$2 billion (K7 billion) in its investment pipeline over the next three years.
Imagine all the different items you need to source for a major hotel renovation. And then consider how you’d get them all to a remote part of Papua New Guinea.
Reductions in the wholesale price of data and prospects for increased competition look set to deliver lower prices for business and consumers in Papua New Guinea, according to Paul Komboi, Chief Executive Officer of state-owned wholesaler, PNG DataCo.
Kina Bank has unveiled its own range of products aimed at supporting SMEs in Papua New Guinea. Chief Executive Officer Greg Pawson explains the thinking behind the move to Business Advantage PNG.
Phase 1 of Papua New Guinea’s ambitious K20 billion Connect PNG infrastructure plan will see a focus on connecting capital city Port Moresby to the second city of Lae by road, according to the Department of Works and Implementation Secretary, David Wereh. Funding the work remains a challenge, however.
Papua New Guinea Fortescue Future Industries has signed a deal to undertake feasibility studies for 18 green energy and hydrogen projects in Papua New Guinea. While there are no firm investment decisions yet, two projects are looking promising.
While it awaits clarity from government on its future, Papua New Guinea’s troubled tourism industry has come up with some of its own ideas on how to restart international tourism to the country. Here’s what some of the key operators told Business Advantage PNG.
Australia’s largest telco has agreed to buy Digicel Pacific. Business Advantage PNG considers what we know about its plans for the company.