Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.
In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories
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People moves: Credit Corporation, Kina Securities, Holding Redlich
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Two directors resign from Credit Corporation, Kina Securities appoints an Executive General Manager, Wealth, and Oceanie Lawyers merges with Holding Redlic
People moves: K92 Mining, Kina Securities, ANZ Bank
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A new board at K92 Mining, Director re-elected at Kina Securities, new CFO at ANZ , Melbourne
PNG stock prices fall, but domestics add confidence
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2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
Papua New Guinea’s capital markets
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After strong performances in 2009 and 2010, the Port Moresby Stock Exchange (POMSoX) experienced a tough 2011, as did many bourses around the world. The Kina Securities Index, which measures the health of PNG’s stock exchange, reported a 22.21% fall in 2011, but this fall should be seen in context. The region’s major exchanges—the Nikkei […]
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