Economy/Investment

Regulator approval paves the way for corporate bond market in Papua New Guinea

In what may be the most significant innovation in Papua New Guinea's capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.
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Papua New Guinea has ‘enormous potential’ to increase exports, Eslake tells conference

Delegates to last week's 2022 Business Advantage Papua New Guinea Investment Conference received an overview of the plans of the new Marape government, as well as detailed economic updates and a range of briefings on opportunities across the country's key economic sectors.
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Papua New Guinea’s economy set for medium term growth: IMF

Papua New Guinea's economy has weathered the COVID pandemic well, according to the International Monetary Fund's latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG's government still needs to address. 
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Security & strategy: online payments to transform Internal Revenue Commission

Papua New Guinea's Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country's tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC's long-term strategy.
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Latest Central Bank figures indicate Papua New Guinea’s economy is rebounding

Recently released data from Papua New Guinea's central bank indicates the country's economy bounced back significantly in the September 2021 quarter on the back of a massive increase in export receipts due to higher commodity prices. While private sector employment and sales also rose, the bank warns inflation is also on the march.
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Economic update: cautious optimism in Papua New Guinea as major projects take shape

With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country's business leaders about the year ahead.
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What are Papua New Guinea’s best-performing listed companies?

With the reporting season for the 2021 financial year in Papua New Guinea over, which of Papua New Guinea's listed companies performed the best last year? Analysis from stockbroker JMP Securities tells us, and also gives us a unique view on how the market has performed over the past year.
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