Articles by David James

Why is Bank South Pacific looking to list on the Australian Securities Exchange?

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Bank South Pacific, Papua New Guinea’s biggest bank, has announced that it will seek secondary listing on the Australian Securities Exchange. David James considers the reasons behind the move and the implications.

Five questions for Puma Energy’s Hulala Tokome

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Puma Energy is Papua New Guinea’s largest fuel importer and operates the country’s only oil refinery. In this exclusive interview, Puma’s PNG Country Manager Hulala Tokome reveals how it is changing its business model in PNG.

Economy on the mend, says Bank of Papua New Guinea Governor

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The Governor of Bank of Papua New Guinea has forecast a recovery for the country’s economy of 2.5 per cent after the sharp contraction of 2020. But he says the national budget and PNG’s foreign exchange reserves will remain under pressure.

Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

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Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG’s capital markets, reports David James.

Hausples launches new businesses on the back on ‘exponential’ internet traffic growth

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The COVID-19 crisis has forced companies in Papua New Guinea to find new ways of doing business. Matthew Care, Chief Executive and Founder of real estate portal Hausples, explains to Business Advantage PNG that his company has never been more innovative.

Bridging the digital divide in Papua New Guinea ‘not impossible any more’, says PNG DataCo’s CEO

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Businesses in Papua New Guinea should be looking to take advantage of cloud technology according to Paul Komboi, Chief Executive Officer of PNG DataCo. He said the technology is expected to be launched this year.

Pivot and pain: How Papua New Guinea manufacturer KK Kingston adapted to the COVID-19 pandemic

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The COVID-19 pandemic has had a mixed impact on Lae-based manufacturer, KK Kingston. Chief Executive Michael Kingston reflects on how the company has handled a ‘black swan’ event that was impossible to anticipate.

The P’nyang effect: Fitch downgrades Papua New Guinea’s LNG export projections

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The delaying of negotiations over ExxonMobil’s proposed plan to develop the P’nyang gas field has led analyst Fitch Solutions to downgrade Papua New Guinea’s LNG export projections.

‘There could not be a better time’ for Papua New Guinea’s new foreign investment laws

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Now is the time to focus on restarting foreign investment in Papua New Guinea, says Clarence Hoot, Managing Director of the country’s Investment Promotion Authority. He tells Business Advantage PNG the IPA’s priorities for the year ahead, which include getting new foreign investment laws through Parliament.

We need more competition, says Bank South Pacific CEO

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Bank South Pacific has just announced its 2020 financial results amid tough trading conditions. CEO Robin Fleming talks to us about the bank’s plans for 2021, foreign exchange shortages, and the need for greater competition.