Prime Minister Peter O’Neill says a planned ‘shake up’ of the Port Moresby Stock Exchange (POMSoX) will lead to more innovation and increased domestic and international investment.
Papua New Guinea government seeks to encourage more investment by opening stock exchange to more competition
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10 Jun 2015 by 1 Comment
Oil Search records US$175.8m profit
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12 Mar 2013 by Leave a Comment
Oil and gas exploration and production company, Oil Search, has reported a US$175.8 m profit in its preliminary annual results, a 13% fall on last year, which the company attributes to high exploration expenses.
New Britain Palm Oil profit drops by 70%
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6 Mar 2013 by Leave a Comment
New Britain Palm Oil Limited reported a 70.4% gross profit decrease to US$81.6m in 2012.
Papua New Guinea’s capital markets
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1 May 2012 by 2 Comments
After strong performances in 2009 and 2010, the Port Moresby Stock Exchange (POMSoX) experienced a tough 2011, as did many bourses around the world. The Kina Securities Index, which measures the health of PNG’s stock exchange, reported a 22.21% fall in 2011, but this fall should be seen in context. The region’s major exchanges—the Nikkei […]
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