Articles by David James

Datec looking to establish innovative culture says CEO

Papua New Guinea technology company Datec is developing a ‘winning’ culture, according to Chief Executive Stanley Ng Plyler. He tells Business Advantage PNG that the company is looking to achieve both tangible and intangible improvements.

Sovereign wealth fund at least a year away

The establishment of a Sovereign Wealth Fund (SWF) in Papua New Guinea is likely to take more than a year, according to Zanie Theron, Managing Partner of professional services firm KPMG, which is advising the government. She tells Business Advantage PNG that, although there are challenges, positive signs can be observed in the business environment.

Kina CEO says global economy picking up but Papua New Guinea still faces challenges

Greg Pawson, the newly appointed Chief Executive of Kina Securities, has said that the world economy is showing signs of recovery, which will have a positive effect on the economy. But he believes that Papua New Guinea still faces big structural challenges.

Transparency initiative reveals PNG’s extractive industries a big contributor to the economy

The fourth Extractive Industries Transparency Initiative (EITI) report, compiled by consultants Ernst & Young, shows that the sector dominates exports and is a major part of the nation’s GDP, but it is less of a contributor to employment and government revenue.

Oil prices up and gold stronger: a monthly review of Papua New Guinea’s commodity and financial markets

Oil prices continue their rise but LNG prices have eased. Cocoa and palm oil prices are slightly stronger. Business Advantage PNG’s monthly overview of commodity and financial markets.

BSP CEO says forex issues will continue but medium term looks positive

Foreign exchange issues will continue in the short term according to Robin Fleming, Chief Executive of Bank South Pacific [BSP]. But he tells Business Advantage PNG that there are better longer-term prospects and that Papua New Guinea’s biggest bank is thriving in a challenging economic environment.

Commodity cycle turning up, says ANZ economist

The long commodity bear market is coming to an end, according to Richard Yetsenga, Chief Economist for the ANZ Banking Group. He also observes that, in a world growing more sceptical about globalisation, there is growing competition for foreign direct investment.

Five questions for Nihal Shah, Chairman of manufacturer Pacific Foam

Papua New Guinea manufacturer Pacific Foam is celebrating its 40th year of operation in the country. Business Advantage PNG talks to Chairman Nihal Shah about the company’s history and its vision for the future.

New ports manager ICTSI outlines its plans for Lae and Motukea Island

Conducting stevedoring transactions in US dollars instead of kina is an opportunity to get in much-needed foreign exchange, according to Ted Muttiah, Director, Asia Pacific, for ICTSI South Pacific. He tells Business Advantage PNG the company, which has been appointed to manage new ports at Motukea and Lae, is aiming high.

IMF report says Papua New Guinea Government taking initiative but challenges remain considerable

A report on the state of the Papua New Guinea economy by the International Monetary Fund (IMF) says the Government has taken some ‘bold steps’ in its economic management. But it contends that the challenges are considerable and would be best managed with an ‘active’ approach to macroeconomic management.