David Lawrence is chairman of PNGX Group, the owner and operator of Papua New Guinea’s national stock exchange, PNGX. In this interview with Business Advantage PNG, he expands on the proposed acquisition of PNG Registries, potential government reforms, and opportunities to collaborate with Fiji’s SPX.
The total return profile on PNGX, Papua New Guinea’s national stock exchange, remained one of the strongest in the world last year, as JMP Securities’ Lars Mortensen notes in this exclusive analysis for Business Advantage PNG.
Two new appointments at Steamships, new board member for PNGX Group, new head of retail banking at National Banking Corporation, two new partners at Corrs Chambers Westgarth, and three ministerial changes in PNG Cabinet reshuffle.
Papua New Guinea investors enjoyed substantial returns in both the fixed-interest and equities asset classes last year, according to an exclusive analysis for Business Advantage PNG by JMP Securities Managing Director Lars Mortensen.
Newmont Corporation’s acquisition of Newcrest Mining, which owns the Lihir gold mine in Papua New Guinea, and is one of the partners in the Wafi-Golpu copper-gold joint venture, is set to be completed in coming days. Business Advantage PNG considers what will happen next.
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Reforms to Papua New Guinea’s capital markets, Securities Commission of PNG to investigate the potential sale of minority stake in Trukai Industries, and Newmont and Newcrest told of government’s expectations. Your news in brief.
New Public Interest Directors at PNGX and Inaugural Directors announced at the PNG Independent Commission Against Corruption (ICAC).
Ok Tedi Mining and TISA Community Finance appoint new CEOs, new board members for PNGX and Credit Corporation PNG, while Geopacific Resources has a new interim CEO.
Proposed amendments to the laws governing Papua New Guinea’s capital markets aim to open up the market to more ways of raising capital and strengthen governance in the sector.