In brief: Possible rice agreement with the Philippines, and other business stories

Welcome,

A possible rice deal with the Philippines; developments in gas sales; and landowner issues. Your weekly digest of the latest business news.

Kumul Telikom urgently looking to build undersea cable to Sydney, says Chairman

Welcome,

Mahesh Patel, the chairman of Kumul Telikom, told the Business Advantage Papua New Guinea Investment Conference that the newly formed entity is urgently looking to build an undersea cable to Sydney. He said the aim is to reduce wholesale price by two-thirds

Kumul Telikom rolling out 4G network across Papua New Guinea, says Chairman

Welcome,

Kumul Telikom Chairman Mahesh Patel says the Papua New Guinea telco is close to rolling out its 4G services. He tells ‘Business Advantage Boardroom’, which aired on national broadcaster EMTV, that the merger of bmobile, DataCo and Telikom PNG is necessary to make the state- owned enterprise efficient and manage the technological challenges.

Lower prices the ‘bottom line’ with Kumul Telikom reforms, says Chairman

Welcome,

A major reform will see all Papua New Guinea’s state-owned telecommunications companies grouped under a single board for the first time. The Chairman of the new-look Kumul Telikom, Mahesh Patel, speaks exclusively to Business Advantage PNG about his board’s priorities for increased competition and ‘slashed’ internet prices.

Opinion: Is your business at risk from disruption?

Welcome,

Businesses often don’t realise that they are vulnerable to attacks from disruptive new players until it is too late. Andrew Wilkins considers some of the strategic issues created by creative disruption.

In brief: Finance Minister Marape says economy ‘doing well’ and other business stories

Welcome,

Finance minister Marape says PNG economy ‘doing well’, European Investment Bank invests in PNG for first time in 21 years and Memorandum of Agreements to be presented for seven copper and gold mines. Your weekly digest of the latest business news.

In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories

Welcome,

Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.

In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories

Welcome,

Duma to review SOEs before privatisation process, Santos reported to be selling PNG LNG stake, KCH receives study on proposed 1800MW hydro dam. Your weekly digest of the latest business news.

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

Welcome,

Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

In brief: Papua New Guinea to issue visas on arrival from next year for Australian tourists, but not business people, and other business stories

Welcome,

Visas on arrival to be available for Australian tourists, Morobe Governor to suspend trading licences for shops using street vendors, and corruption cases net K25 million for government coffers. Your weekly digest of the latest business news.