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.
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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.
David Caradus, a partner of PricewaterhouseCoopers, whose PNG practice has been in operation for more than 50 years, provides answers to common questions about doing business in PNG.
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.
When Jerry Kapka began his working life as a teacher, he never anticipated one day he would own one of Papua New Guinea’s leading coffee companies.
Work to upgrade 40-kilometre stretch of road between the port of Lae and Nadzab Airport into a four-lane highway is expected to begin in June 2013, according to the Lae Chamber of Commerce and Industry.
Economic growth in Solomon Islands is expected to rise at a moderate four to five percent this year, a little lower than the 5.5% growth rate in 2012.
PNG has a new shipping company which takes a different approach to servicing its customers. Nikolaj Noes, Australian Managing Director of global shipping company Maersk Line, talks to Business Advantage PNG.
Business people in Morobe Province are hoping a new timetable, which sees Air Niugini flying between Lae and Cairns via Port Moresby, is the first step towards direct flights between Australia and PNG’s second city.
PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.