Boardroom briefing: female-owned MSMEs hit by pandemic, raising the roof in Canberra, and retail investors take Wall Street on a wild ride

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COVID-19 hits women-owned MSMEs hard, high jinx at the PNG High commission, and retail investor rollercoaster in the US. Readings from around the world on business, leadership and management.

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

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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

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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.

Papua New Guinea’s Stock Exchange plans for debt trading market

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PNGX, Papua New Guinea’s renamed stock exchange, has announced proposals to establish trade in government and private debt. It may lead to a significant deepening of the PNG financial system. David James reports.

People moves: Port Moresby Stock Exchange, Port Moresby General Hospital

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Port Moresby Stock Exchange appoints a new board member, changes at Port Moresby General Hospital.

New majority owner of Port Moresby Stock Exchange outlines its plans

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The Port Moresby Stock Exchange has new majority owners. So, who’s behind Pacific Capital Markets Development and what are their plans for Papua New Guinea’s bourse? In this exclusive interview, one of the Principals of Pacific Capital, Frank Dunphy, reveals all to Business Advantage PNG.

People moves: Kumul Petroleum, PoMSOX

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A new Chair of Kumul Petroleum and a new General Manager of the Port Moresby Stock Exchang

Asian Development Bank puts case for greater private involvement in state-owned enterprises

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Increasing private sector involvement in Papua New Guinea’s state-owned enterprises (SOEs) would be a ‘powerful mechanism’ for improving the sector’s efficiency, according to a new report by the Asian Development Bank.

In brief: Inflation expected to be 6 per cent, UNDP claims ‘timely’ expenditure reporting and POMSoX trading down 43 per cent

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In brief: Inflation expected to hit 6 per cent, UNDP claims ‘timely’ expenditure reporting and POMSoX trading down 43 per cent

Results of Papua New Guinea’s major companies show some struggling more than others

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Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.