Capital Markets
From The Report: Papua New Guinea 2018
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Although small by international standards, Papua New Guinea’s capital markets have performed well in recent years, despite facing notable macroeconomic challenges. Key indices on the Port Moresby Stock Exchange expanded steadily in 2017, supported by robust growth of two of its largest listed companies, Bank South Pacific and Oil Search, and an increase in domestic turnover. A series of regulatory reforms launched in 2015 – including the Capital Markets Act, Securities Commission Act and Central Depositories Act – have started to come into force, laying the foundation for stable growth and market modernisation. Efforts to upgrade the stock exchange were also supported by the launch of a new Nasdaq trading platform in late 2017, and the Bank of PNG, the central bank, is considering the adoption of an electronic bond auction system.

This chapter contains an interview with Greg Pawson, CEO, Kina Group.

Articles from this Chapter

Overview

New upgrades: Proposed reforms seek to overhaul the market structure
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Although small by international standards, Papua New Guinea’s capital markets have performed well in recent years, despite facing notable macroeconomic challenges. Key indices on the Port Moresby Stock Exchange (POMSoX) expanded steadily in 2017, supported by robust growth of two of its largest listed companies, Bank South Pacific (BSP) and Oil Search, and an increase in domestic turnover. A series of regulatory reforms launched in 2015 – including the Capital Markets Act (CMA), Securities Commission…

Interview

Tools for growth: Greg Pawson, CEO, Kina Group, on strategies for growth, reform and diversification
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Interview:Greg Pawson, CEO, Kina Group How would you assess the outlook for Papua New Guinea’s capital markets in 2018? GREG PAWSON: The economic situation and the lack of foreign currency are not helping to make the Port Moresby Stock Exchange (POMSoX) more dynamic. In 2017 we saw many shareholders selling their shares because they needed the money. Currently, there are no new listings on the horizon and it appears that the majority of future growth will be driven by the performance of…