New industry seen in sub-sea mining
- THE latest drilling results from Papua New Guinea's undersea gold and copper reserves are so significant that they will be seen as a major landmark in opening up a new industry that will stretch from Papua New Guinea across to Solomon Islands, Fiji and Tonga.

China to run state-owned investment corporation
-BEIJING: China launched last Saturday a long-anticipated state-owned investment company that is intended to manage around US$200 billion (K601 billion ), or nearly one sixth of the nation’s massive foreign exchange reserves.

Japan to develop next-generation network
-TOKYO: A research group will be set up in Japan to develop optical technology that will replace the internet protocol as the global standard in communications, a report said yesterday.