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Economy/Investment

Coral Sea Cable will mean complete rethink for Papua New Guinea business says Deloitte Digital guru

1 Apr 2019 by Leave a Comment
Data costs are likely to fall by 80 per cent because of the Coral Sea Cable System, which is scheduled to be connected to Port Moresby later this year, according to Peter Williams, Chief Executive of Deloitte Digital. He believes Papua New Guinean businesses will have to rethink their approach to investment, hiring, management and technological roll out.
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Faster and cheaper internet will open up opportunities for Papua New Guinea’s businesses

25 Mar 2019 by 1 Comment
The high speed Coral Sea Cable System, expected to be completed by the end of this year, will open up development possibilities for several Papua New Guinea industries. Laine Kidner, Chief Executive of data centre services company Connected South Pacific, outlines some of the outstanding opportunities to Business Advantage PNG.
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Papua New Guinea’s controversial proposed foreign investment bill to be withdrawn, say chambers

13 Mar 2019 by 1 Comment
The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.
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Six questions for Asian Development Bank Vice President Diwakar Gupta

12 Mar 2019 by Leave a Comment
The Asian Development Bank is one of the largest international investors in Papua New Guinea, mainly in infrastructure. One of its six Vice-Presidents, Diwakar Gupta—who is responsible for Private Sector and Cofinancing Operations—tells Business Advantage PNG the bank also has funds to invest in PNG's private sector—under certain conditions.
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Economic update: Papua New Guinea’s economy gathers pace

19 Feb 2019 by 1 Comment
After years of low growth, the Pacific’s largest economy is looking to benefit from new resources and infrastructure investment—plus a dividend from hosting APEC 2018. Business Advantage PNG's Andrew Wilkins talks with Papua New Guinea's business leaders about the year ahead.
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