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

Welcome,

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?

Welcome,

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

Welcome,

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.

Commodities update: palm oil reverses trend, LNG soars but oil continues to weaken

Welcome,

LNG prices continue to surge and are now up by over a third this year. But oil prices eased and cocoa prices also fell slightly. Business Advantage PNG’s monthly review of commodity and financial markets.

Commodities update: silver loses shine, cocoa melts but LNG prices rise

Welcome,

LNG prices surged, clawing back most of this year’s losses, but oil prices fell. Silver also lost some of its recent spectacular price gains. Business Advantage PNG’s monthly overview of commodity and financial markets.

LNG prices bounce back

Welcome,

LNG prices have surged clawing back earlier losses, while the oil price is steady and cocoa is also strong: Business Advantage PNG’s monthly overview of commodity and financial markets.

Metals, coffee and oil rebound: a silver lining for Papua New Guinea’s commodity and financial markets

Welcome,

The silver price takes off and LNG also surges. Coffee is also up sharply and oil is steady. Business Advantage PNG’s monthly overview of commodity and financial markets.

Oil Search shares suspended on Papua New Guinea’s stock exchange

Welcome,

Oil Search, Papua New Guinea’s biggest company, has been suspended from trading on PNGX, the country’s stock exchange, amidst claims that it did not follow proper procedure in its recent capital raising – claims the company is refuting.

How Papua New Guinea’s crisis in business funding could be solved

Welcome,

The impact of the COVID-19 crisis on Papua New Guinea’s financial markets has been muted so far. However, the crisis provides an opportunity to create new investment opportunities so that local entrepreneurs can raise capital more easily.

The stock market as a driver of growth for Papua New Guinea [opinion]

Welcome,

KPMG’s Wayne Osterberg argues that it might be time to use Papua New Guinea’s stock market to help drive growth in the country.