Articles by David James

SkinnyMe: how the wellness craze is helping Papua New Guinean families boost their income

Welcome,

Health products company SkinnyMe Weightloss has built a business in Papua New Guinea that boasts 10,000 members.

Papua New Guinea’s PM signals ‘honest and transparent’ economic repair

Welcome,

Papua New Guinea’s Prime Minister, James Marape, has outlined his government’s goals for 2021, including building up infrastructure, undertaking ‘Budget repair’ and exploring ways to invest in domestic businesses. 

Future of prices for Papua New Guinea’s mining exports look positive, say analysts

Welcome,

The prospects for the prices of metals Papua New Guinea exports are mostly positive, reports David James from the recent International Mining and Resources Conference.

JMP Securities sees big growth opportunities for investment products in Papua New Guinea

Welcome,

JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea. Co-founder and Managing Director Lars Mortensen tells Business Advantage PNG he sees great opportunity for growth.

The sound of silence: minimal changes to taxes in Papua New Guinea’s 2021 Budget [analysis]

Welcome,

There were few tax surprises in the 2020-21 Budget. However, what was not there was just as significant as what was, according to KPMG’s Tax Partner in Papua New Guinea, Karen McEntee.

Urgent assistance need for some industry sectors, says Business Council of Papua New Guinea

Welcome,

Papua New Guinea’s tourism, manufacturing, retail and agriculture should be the main targets for further government support, contends Douveri Henao, Executive Director of the Business Council of Papua New Guinea. He also reveals the sectors that had received the biggest boost during the COVID-19 crisis.

Commodities update: oil and cocoa surge

Welcome,

Oil and cocoa prices soar while the LNG price stabilises. Business Advantage PNG’s monthly overview of commodity and financial markets.

Global economic recovery should provide good news for Papua New Guinea’s miners

Welcome,

The global economy is recovering faster that expected, according to Douglas Porter, Chief Economist and Managing Director of Canadian investment bank, BMO Financial Group.

2020 volumes only slightly down, says Swire Shipping

Welcome,

Despite initial concerns about the impact of COVID-19, Swire Shipping’s data shows only a marginal reduction in freight volumes. Alistair Skingley, the company’s Country Manager for Papua New Guinea and the Solomon Islands, tells Business Advantage PNG that the company is upgrading its offerings in the expectation of solid growth in 2021.

Oil Search tightens the purse strings and focuses on Papua LNG

Welcome,

Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.