Articles by David James

Time to grow: Papua New Guinea’s stock exchange looking to expand

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Crowdfunding and a new listed fund are in the pipeline at Papua New Guinea’s stock exchange, PNGX, as it looks at new ways of grow the country’s capital markets and encourage SMEs. 

Fabrication of Papua New Guinea’s new gas projects could be done in-country

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A new fabrication facility being planned to support the next wave of gas projects in Papua New Guinea could create as many as 15,000 jobs and enable Papua New Guinea to compete for regional work, according to Wapu Sonk, Managing Director of Kumul Petroleum.

New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’

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Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.

New grant seeks to develop better climate solution for Papua New Guinea & the Pacific

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A new opportunity has emerged for private and public organisations in Papua New Guinea and the Pacific seeking funds to develop new projects to mitigate climate change.

Papua New Guinea still a land of opportunity for manufacturers

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What does Papua New Guinea need to do to add more value to its produce? Chey Scovell, CEO of PNG’s Manufacturers Council has told a Business Advantage PNG briefing that the country is already doing better than many think, and that a ‘holistic’ approach is needed to boost the manufacturing sector further.

Landowner company Anitua’s new expansion strategy

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Diversified landowner company Anitua is on the comeback trail, according to Chief Executive Patrick Doekes. He tells Business Advantage PNG the Papua New Guinean landowner company is looking to streamline operations and expand its product offerings.

Gradual devaluation of Papua New Guinea’s currency would be ‘helpful’, says banker

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Papua New Guinea’s currency, the kina, has been steady this year after weakening against a number of major currencies in late 2020. Should it be devalued further? We asked Jonathan Prince, Treasurer at Westpac PNG, to consider the consequences.

Landmark agreement: Papua New Guinea increases its stake in future LNG exploration projects with Total

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Kumul Petroleum has announced that the PNG government has negotiated an additional seven per cent equity with future joint venture projects with Total after ‘remobilisation talks’ regarding the Papua LNG project in Paris last week.

Vive le gaz! Total and Papua New Guinea ‘remobilise’ Papua LNG

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There are signs of a renewed effort to push ahead on the Total-led Papua LNG project after successful meetings between the company’s CEO and a senior government delegation.

Not there yet, but Papua New Guinea’s ‘big shift’ to cloud technology is coming

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There will be a ‘big shift’ for PNG businesses when they start using cloud technology. Steven Hillyard, General Manager of Pronto Software explains some of the benefits to Business Advantage PNG.