Articles by David James

Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions

The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.

Rise of China creating opportunities and risks, says Treasurer Abel

Treasurer Charles Abel said the rise of China is creating opportunities for Papua New Guinea. But he also pointed to potential risks and a need to develop PNG’s relationship with Australia.

Papua New Guinea’s mining sector concerned about revised Mining Act

There is growing concern in Papua New Guinea’s mining industry that changes to the Mining Act will discourage investment in the sector. The Executive Director of the PNG Chamber of Mines and Petroleum, Professor Albert Mellam, has said the mining sector is ‘strongly opposed’ to the revised Act.

Gas prices up but oil prices fall: a monthly review of Papua New Guinea’s commodity and financial markets

Gas prices rose sharply, but oil and copper were down. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

Kina to acquire ANZ’s retail and commercial/SME businesses in Papua New Guinea

ANZ Bank and Kina Bank have announced they have entered into an agreement for ANZ to sell its retail and commercial/small-to-medium-sized enterprise (SME) banking businesses to Kina for K24.2 million. Both banks claim the move is in line with their strategies.

Trade rules favour powerful countries but Papua New Guinea should push for influence, says WTO Director-General

The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.

Opinion: resurgence of energy projects in Asia Pacific creating workforce challenges

New energy projects in the Asia Pacific are creating workforce challenges according to Calum Smith, Senior Vice President of Asia Pacific at HR consultancy, Airswift. In terms of roles, he says no other area in energy is growing as fast as renewables.

Papua New Guinea’s tourism prospects ‘enormous’, says Coral Sea Hotels GM

Papua New Guinea has untapped leisure tourism potential, according to Marc Ehler, recently appointed Group General Manager of Coral Sea Hotels. After a busy APEC year, he tells Business Advantage PNG he is expecting greater competition in 2019.

In Brief: Oil Search makes gas discovery and other business news

A new gas discovery by Oil Search, special economic zone proposed for West Sepik province and new climate deal inked. Your weekly digest of the latest business news.

Analysis: does focusing on Papua New Guinea’s debts distract from another issue?

Papua New Guinea’s mandated debt levels are fiercely debated but, according to David James, Managing Editor of Business Advantage PNG, most countries are far less prudent. Could concentrating on the national debt distract from another problem—the lack of an international market for the country’s financial assets?