Articles by David James

Taxing time: Papua New Guinea needs to address ‘volatile revenue’, says ADB

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Papua New Guinea has a ‘tax mobilisation challenge’ if it is to deal with the financial challenges resulting from the COVID-19 crisis, according to a new Asian Development Bank report.

Foreign investment in Papua New Guinea falls as Minister flags new laws

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Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG’s investment laws.

Metals, coffee and oil rebound: a silver lining for Papua New Guinea’s commodity and financial markets

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The silver price takes off and LNG also surges. Coffee is also up sharply and oil is steady. Business Advantage PNG’s monthly overview of commodity and financial markets.

COVID-19 second wave in Papua New Guinea: what you need to know

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The number of Papua New Guinea’s COVID-19 cases has increased to over 60. In response, the country’s COVID-19 Pandemic Response Controller, David Manning, has issued new control measures in an effort to prevent further spread.

The great unknown: survey suggests uncertainty the biggest threat to Papua New Guinean businesses

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Over two-thirds of Papua New Guinean businesses have experienced a ‘very negative’ impact from the COVID-19 crisis, according to a recent survey. Uncertainty over the duration of the crisis is considered to be the greatest challenge.

Why Papua New Guinea may never benefit from China’s Belt and Road

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Papua New Guinea signed up to China’s Belt and Road initiative in 2018 but this is unlikely to result in significant investment, according to Dinny McMahon, author of China’s Great Wall of Debt.

What the International Monetary Fund is doing in Papua New Guinea

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With Papua New Guinea’s government debt set to rise to over 40 per cent of GDP due of the COVID-19 crisis, the International Monetary Fund’s PNG Mission Chief, Scott Roger, explains how the IMF is helping the country get back on a sustainable financial course.

Papua New Guinea heading for negative growth this year, says World Bank

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Presenting the latest World Bank economic update for Papua New Guinea, PNG country economist Ilyas Sarsenov says its government has responded well to the challenges of COVID-19 but hard choices lie ahead.

Ripple effects: how the global pandemic is affecting oil and gas in Papua New Guinea

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The COVID-19 crisis has profoundly shaken the global oil and gas industry. With the medium term picture for LNG prices likely to heavily impact PNG’s economy and government finances, Business Advantage PNG looks at the sector’s prospects.

Fair split: finding an oil and gas model that works in Papua New Guinea

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Papua New Guinea is making changes to its approach to oil and gas projects, suggesting the country gets a worse share of revenues than other comparable nations. John Chambers, General Manager of Santos, considers some of the options used internationally.