A report on Huawei’s data centre in Papua New Guinea shows it has security vulnerabilities, the Frieda River project gets a no from the East Sepik Provincial Assembly and new internet prices expected this year. The business news you need to kickstart your week.
Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.
The Prime Minister of Australia, Malcolm Turnbull and the Prime Minister of Papua New Guinea, Peter O’Neill have announced they will be working together to lay a new undersea high speed telecommunications cable from Australia to Port Moresby. The move is expected to contribute to closer economic integration between the two neighbouring countries.
Australia undermines Chinese bid to build undersea cables, gas-fired power project approved by NEC, and Frieda River gold project to start in 2019. Your weekly digest of the latest business news.
Parliament sits to elect a new Speaker and Prime Minister, CPL receives initial insurance payout of K10m for June fire, inquiry call for contract awarded to Borneo Pharmaceuticals. Your weekly digest of the latest business news.
Broadband network to be completed by the end the year, Oil Search concludes five-year credit agreement and ADB approves funding Highlands Highway project. Your weekly digest of the latest business news.
The rollout of PNG’s National Transmission Network is on track for completion later this year. It will transform the nation’s digital highway, but that does not mean there will not be challenges, telecommunications analyst Henry Lancaster tells Business Advantage PNG.