Papua New Guinea’s state-owned enterprises reveal mixed financial results

Welcome,

Kumul Consolidated Holdings has released the 2018—and 2019 first quarter—financial results for Papua New Guinea’s state-owned enterprises. Business Advantage PNG investigates.

In brief: Kumul Telikom Holdings announces major price reductions on internet rates

Welcome,

Kumul Telikom Holdings has slashed internet rates, Kumul Petroleum Holdings has been asked to report on its earnings since 2014, and a cable laying ship has arrived in Port Moresby to work on the Coral Sea Cable system. Your weekly digest of business news.

Six questions for Paul Komboi, Managing Director at PNG DataCo

Welcome,

Undersea fibreoptic cables are set to revolutionise internet connectivity in Papua New Guinea and the responsibility for that infrastructure locally falls to PNG DataCo. Managing Director Paul Komboi updates Business Advantage PNG on the Kumul Submarine Cable Network, and outlines the state-owned telco’s long-term strategy.

‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

Welcome,

Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

Ten questions answered about the Coral Sea Cable System

Welcome,

The Coral Seas Cable System—the undersea fibreoptic cable to be laid between Sydney and Port Moresby, and then to the Solomon Islands—will transform telecommunications in the two Pacific countries. Here we answer 10 key questions about this keenly anticipated project.

People moves: Air Niugini, Kumul Telikom, Highlands Pacific

Welcome,

New MDs at Air Niugini and Kumul Telikom, a board change at Highlands Pacific.

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.

People moves: Kumul Telikom Holdings, Nautilus Minerals, Diplomatic appointments, KPMG, SLR Consulting

Welcome,

New Chairman at Kumul Telikom Holdings, Nautilus Minerals, a new High Commissioner to Australia, KPMG, SLR Consulting

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

Join us in Sydney: Thomas, Pesce headline outstanding line-up for 2-in-1 investment conference

Welcome,

We are really excited about the program we have put together for our first investment conference in two years, which includes two heavyweight keynote speakers plus an impressive cross-section of PNG and international business leaders.