Tag Archives: Internet

Abel Briefs World Bank and IMF on Next Moves to Advance PNG’s Submarine Internet Cable and Discussed Concessional Funding for Restructuring Debt

 

22 October 2017
Source: Office Of The Prime Minister

Engagement with the World Bank and International Monetary Fund, that will stimulate positive economic development in the face of global challenges, has been advanced at meetings in Washington D.C. by the Deputy Prime Minister and Treasurer, Hon. Charles Abel MP.

 

Deputy Prime Minister Abel said the new submarine fibre optic communications cable project, that will deliver cheaper and faster Internet, and the provision of concessional financing for the restructuring of existing debt, will deliver positive economy stimulus for the economy.

 

“Papua New Guinea has a close working relationship with the World Bank and IMF, and the benefits of this engagement will become even more obvious to our people with the delivery of cheaper and faster Internet.

 

“Working with the World Bank, and also our partners in Australia, the new submarine communications cable will deliver greater Internet access for Papua New Guineans.

 

“The new communications cable will make the Internet we received on our computers and smart phones much faster, and with the increased supply we will see Internet data prices fall.

 

“Increased access to the Internet is essential if we are to advance Papua New Guinea’s economy and improve service delivery.

 

“The submarine cable has been the subject of much discussion in recent years, and now we are moving ahead so that it will be in place ahead of the APEC Summit.

 

“The time given to our country by the World Bank and IMF executive for meetings in Washington was tremendous.

 

“I took the opportunity to remind them of the particular circumstances of Papua New Guinea and the Pacific small island states.

 

“I said PNG has globally significant natural assets to build a new, responsible, sustainable economy that brings inclusive development to its people but also can support climate change mitigation globally.

 

“We are confronted with our immediate development challenges and are also on the frontline of the effects of climate change.”

 

The Deputy Prime Minister said discussions with the World Bank on restructuring existing debt with concessional funding will further simplify debt that has been established over recent decades, and reduce servicing costs.

 

“Papua New Guinea has never defaulted on a debt payment, and this is respected by global institutions such as the World Bank and the International Monetary Fund.

 

“We are in talks with the World Bank and IMF so that we can bring together a number of scattered debts and consolidate these under a single debt facility at a much more favourable interest rate.

 

“Debt consolidation will save public funds and retire outstanding loans quicker than had previously been possible.”

 

Deputy Prime Minister Abel was accompanied by Treasury Secretary, Dairi Vele, and the Governor for the Bank of Papua New Guinea, Loi Bakani.

 

As well as the main Plenary Sessions of the World Bank Meeting, the DPM participated on 3 panels, including a panel with the World Bank CEO, and the Finance Ministers for Indonesia and Serbia, on Asia and the Growing Middle Class and Inclusive Development.

 

The DPM also had 15 meetings including separate meetings with CEO of the World Bank, Kristalina Gregorieva, Asia Pacific Director, Victoria Kwakwa, and Australian Treasurer, Scott Morrison.

PNG To Look At Digital

 

BY YOMBI KEP via Post- Courier

 

Papua New Guinea has been urged to look toward a digital money economy where the infrastructure is not expensive.

 

This was revealed by ‘Futurist’ Mark Pesce, the keynote speaker at the 2017 PNG Investment Conference which started yesterday in Sydney.

 

“PNG should move toward a digital money economy, the infrastructure is not expensive,” Mr Pesce said.

 

“Digital money is coming, it’s already in Singapore.”

 

Mr Pesce who is a leading futurist, author, entrepreneur and innovator at the forefront of the digital revolution for thirty-five years suggested there should be a marriage between banking and telecommunications.

 

“Let telecommunications get into banking, let banks get into telecommunications,” he said.

 

Mr Pesce said that all goods will be traded on digitally distributed ledgers in the future and in less than 20 years, autonomous drones could be flying across PNG.

 

“PNG needs to foster an app development sector,” stressed Mr Pesce.

 

He gives organisations from virtual reality to education, finance, manufacturing, transportation and communication, the tools they need to think effectively about the future, its opportunities, and its disruptions.

 

He is the co-inventor of VRML, a 3D interface to the world wide web. He is the author of six books and, for seven years, was a panelist and judge on the Australian Broadcasting Corporation’s hit series The New Inventors, celebrating the newest inventions and inventors.

 

Other speakers at this two days event include The Governor of the Bank of Papua New Guinea, Loi Bakani and the founder of Kumul Gamechangers, Anthony Smare.

Connectivity To Be Priority

Source: Post-Courier

 

Completion of the National Broadband Network and Terrestrial Network upgrade (submarine cable band-with) are among government’s priorities for the next five years.

 
These commitments are specific to the information, communication, and technology (ICT) industry contained in the Alotau Accord II.

 
This was highlighted by Minister for Information, Communication, and Technology Francis Manake last week, in a meeting he held with the agencies concerned.

 
He challenged these priorities to be crafted into their respective work plans.

 
In laying down his expectations Mr Manake noted the onset of the digital age and the potential impact it already had in going forward, however, he was concerned that the masses particularly those in the rural areas “are still out of touch.”

 
“Many don’t have access to a phone, mobile communication and internet services. Some are not reached by radio and many cannot view television something we can change,” the managers were told.

 
Other commitments which the minister said were industry specific which the government was keen on achieving over the next five years was to encourage e-commerce, e-health, e-education, e-agriculture with a view to embracing the smart government concept.

 
He challenged that they strive in the next five years to make a difference for the better.
“Having access is one thing but if we can make it cheaper and affordable it would be even better and I am committed to seeing that this happens,” he said.
During the meeting, Mr. Manake also highlighted his priorities for the coming month.
Top of the list were a stock take on all assets, APEC 2018 preparations, appointments including Secretary for the Department of Communication and Information, the National Information, Communication, Technology Authority (NICTA) board, 2018 budget submission for the sector.

Govt issues cyber warning

The National

THE PNG Government is warning business houses, critical infrastructure, system operators and the public to take measures necessary to protect their computer systems and other devices following global cyber-attack.
The attack hit more than 100,000 computer systems around the world, causing havoc among users.
The virus known as Ransomware, also known as Wanna Decryptor or WannaCry, has caused computers around the world to encrypt files
and locks up files, demands payment and prevents further access.
Department of Communication and Information acting secretary Paulias Korni said the National Information and Communication Technology Authority (Nicta) and the department with support from the International Telecommunication Union have commenced work on developing PNG’s National Cyber Security Strategy that should pave way for a nationally coordinated approach in responding to such attacks.
He said that a survey questionnaire on cyber security would be posted on the Nicta website and hardcopies could be collected from Nicta the head office in Hohola, seeking views on key issues to be addressed in PNG’s national cyber security strategy.
According to sources: “Ransomware is a programme that gets into your computer, either by clicking on the wrong thing or downloading the wrong thing, and then it holds something you need to ransom.
“In the case of WannaCry, the programme encrypts your files and demands payment in bitcoin in order to regain access .”
According to further reports, Ransomware attack has spread to at least eight Asian nations, a dozen countries in Europe, Turkey and the United Arab Emirates and Argentina and is likely to spread around the globe.
Researchers have advised users to be more careful when opening their personal computers and not to open emails, links or attachments that look suspicious and to further refrain from sending chain emails.

 

http://www.thenational.com.pg/govt-issues-cyber-warning/

Millions to Access Internet

More than 1.2 million people are expected to have access to the internet at the conclusion of the World Bank rural communications project rollout in August.

The World Bank yesterday gave an overview of the project and its progressive support of the information and communication technology sector in the country.

“The rural communications project will improve access to telecommunications infrastructure and services in rural and remote areas of PNG,” it said.

“The project will provide technical assistance to the National Information and Communications Technology Authority (Nicta) to address emerging regulatory challenges and to strengthen the competitiveness of the telecommunications market and to the Department of Communication and Information to strengthen ICT policy development.

“It will help establish a universal access and service regime and associated fund to develop regulations and operating procedures.

“Further, the project will finance two UAS demonstration projects using competitively-bid one-time capital subsidies to stimulate extension of ICT services to unserved and under-served areas of the country.”

The World Bank had been actively involved in the sector since 2008, advising governments on telecommunications issues including the liberalisation of the mobile market.

“The ongoing rural communications project has financed the installation of mobile base stations at 59 sites in remote areas,” it said.

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“It has contributed to providing basic telecom services to over 500,000 people previously unserved by any form of telecommunications services.

“Coupled with aggressive rollouts by the private sector, telecommunications coverage has increased from 20 percent in 2009 to 90 percent in 2016.”

Business Mark Haihuie January 26, 2017