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

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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.

Papua New Guinea’s stock exchange looks to blockchain

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The prospect of instantaneous settlements on Papua New Guinea’s stock exchange, PNGX, has moved a little closer with a new agreement to explore blockchain technology to support its trading system. PNGX Chairman David Lawrence tells Business Advantage PNG the technology could ‘turbocharge’ PNG’s capital markets.

In brief: PNGX partners with IFC and other business stories

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Papua New Guinea’s national stock exchange partners with the International Finance Corporation (IFC), Prime Minister Marape calls for peace and order during the elections, and Telikom PNG warns about disruptions in services.

What are Papua New Guinea’s best-performing listed companies?

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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.

‘Thumbs up’: Santos to list on Papua New Guinea’s stock exchange

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Santos is listing on Papua New Guinea’s stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange’s largest listing, providing PNG’s capital markets with a timely boost.

Time to grow: Papua New Guinea’s stock exchange looking to expand

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Crowdfunding and a new listed fund are in the pipeline at Papua New Guinea’s stock exchange, PNGX, as it looks at new ways of grow the country’s capital markets and encourage SMEs. 

People moves: NCSL, PNG Air, Paradise Foods, PNGX

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The Nasfund Contributors Savings and Loan Society (NCSL) welcomes an Independent Director, PNG Air announces new Chairman and Deputy Chairman, Paradise Foods elects Interim Group CEO and PNGX appoints a General Manager.

Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

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Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG’s capital markets, reports David James.

Stock exchange: Could a new levy stifle Papua New Guinea’s capital markets?

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The Acting Chairman of the Securities Commission Alex Tongayu has issued an order that a new levy will be applied to all transactions on the PNGX, Papua New Guinea’s stock market. It has raised concerns that it will impede the growth of the country’s capital markets.

JMP Securities sees big growth opportunities for investment products in Papua New Guinea

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JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea. Co-founder and Managing Director Lars Mortensen tells Business Advantage PNG he sees great opportunity for growth.