Articles by David James

ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade

The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB’s focus on improving both physical and digital connectivity in Papua New Guinea.

Analysts Fitch forecasts higher economic growth for Papua New Guinea in 2019 but kina to weaken

Financial analysts Fitch Solutions is forecasting higher economic growth for Papua New Guinea next year. But it says the kina is overvalued, which may pose problems in the future if the the Government’s proposed sovereign bond issue is successful.

Nine things mining companies need to avoid in the next upturn

A report by consultancy McKinsey & Co. says activity in mining is strengthening globally. But it identifies nine mistakes in the downturn that should be avoided.

How Supreme Industries has expanded in Papua New Guinea

Port Moresby-based retailer/wholesaler Supreme Group found itself needing products and services it couldn’t source in Papua New Guinea, so it decided to create them. Group Managing Director Sanjay Shah,  tells Business Advantage PNG that the group has grown quickly and is anticipating more diversification.

The key factor Papua New Guinea’s banks and super funds look for before they will invest in your business

To get investment into Papua New Guinea businesses, sound governance is essential. That was the view expressed by super fund managers, bankers and advisers at Business Advantage’s Investment conference in Brisbane.

Wages stagnating in Papua New Guinea according to salary survey

A recent salary survey has identified the need for investment in local talent to support better outcomes for the country’s professionals and organisations. The 2018/19 Papua New Guinea Salary Survey Report by human resources consultancy Peopleconnexion PNG surveyed professionals across the country about salaries and attitudes at work.

Six per cent of GDP required to maintain Papua New Guinea’s infrastructure

Papua New Guinea requires about 6 per cent of its GDP to maintain its infrastructure assets, according to Craig Lawrence, Principal at Lytton Advisory. He told the Business Advantage Investment Conference in Brisbane that the ‘build and neglect’ approach is twice as expensive as ongoing maintenance.

Diving resort on Papua New Guinea’s Loloata Island set for early opening in 2019

A completely redeveloped Loloata Island Resort, just out of Port Moresby, is scheduled to open in February or March of 2019, according to Lew Nielsen, Director of the resort. The signature tourism project is a joint venture of Lamana Development and NASFUND.

People moves: Steamships, Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power

New director at Steamships, changes at Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power

LNG prices have surged but oil prices move sideways: a monthly review of Papua New Guinea’s commodity and financial markets

LNG prices have jumped sharply and the cocoa price has been volatile. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.