Articles by David James

Australian government commits to building an undersea telco cable to Port Moresby

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.

Tax amnesty relief for business in Papua New Guinea

The Commissioner-General of the Internal Revenue Commission (IRC), Betty Palaso, has announced a temporary tax amnesty for business in Papua New Guinea. Penalties that would normally be imposed by the IRC on late lodgement of annual tax returns and late payments will not be applied for the rest of 2017.

Oil Search to triple output in a decade, says Botten

Oil Search may look to list its power business on the Papua New Guinea stock exchange, Peter Botten, Managing Director of Oil Search tells Business Advantage PNG. He says that in 10 years he hopes the company’s production will have tripled.

Port Moresby Governor to consider offering settlement residents title

The National Central District has launched an urban development program, which will run into the middle of next year. Governor of Port Moresby, Powes Parkop, said he will be looking to upgrade Port Moresby’s settlements and explore ways to offer residents title.

Airways Hotel GM says APEC will boost whole hotel sector in Papua New Guinea

The General Manager of Port Moresby’s Airways Hotel, Sushil Gordon, tells Business Advantage PNG that increased competition will be a boost to Papua New Guinea’s whole hospitality sector. He says next year’s APEC meeting represents a great opportunity.

Investment Promotion Authority figures show keen interest in forestry in Papua New Guinea

Proposals for investment in Papua New Guinea’s forestry sector are almost as high as in its mining and petroleum sector, according to figures from the Investment Promotion Authority. The IPA has also flagged a crackdown on compliance.

Home building set to rise sharply in Papua New Guinea says real estate website CEO

Home building in Papua New Guinea is set to accelerate sharply, according to Matthew Care, Chief Executive and founder of the real estate website Hausples.com.pg, which has an expo in Port Moresby this weekend. He tells Business Advantage PNG that the growth is being driven by pent-up demand.

ADB has started its 10 year investment in Highlands Highway, says Country Director

The Asian Development Bank has begun its decade-long US$1 billion investment in the Highlands Highway, according to David Hill, the bank’s Country Director for PNG. He says the ADB is also planning significant investment in the health and civil aviation sectors.

LNG prices strong and copper continues its upward trend: a monthly review of Papua New Guinea’s commodities and financial markets

LNG prices have surged but oil prices are stable, while cocoa prices are up but coffee is down. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

Eda Ranu looking to take more control of its operations, says Chairperson

The government-owned Port Moresby water treatment company Eda Ranu is looking to bring more of its operations in-house. Chairperson Mary Karo tells Business Advantage PNG that preparations are also being made for APEC 2018.