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.
Regulatory overhaul to turbocharge capital market growth in Papua New Guinea
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3 Mar 2023 by Leave a Comment
In brief: Papua New Guinea businesses owed two billion kina in GST refunds and other business stories
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6 Oct 2021 by Leave a Comment
Business owed K2 billion in GST refunds, Internal Revenue Commission to launch online tax payments and new Twinza Oil chairman to travel to Papua New Guinea. Your digest of the latest business news.
Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman
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7 Apr 2021 by Leave a Comment
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?
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24 Feb 2021 by Leave a Comment
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.
In Brief: signing of the Papua LNG project agreement deferred and other business stories
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8 Apr 2019 by Leave a Comment
The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.
People moves: Interim Cabinet appointments, Air Niugini, Securities Commission of PNG, Maigari Limited, KPMG, Akzo Nobel (PNG), Pacific Foam Group
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8 Aug 2017 by
O’Neill appoints new Treasurer, a new Chair of the Securities Commission, Air Niugini appoints first woman to head a subsidiary, Ramu landowner board appointments, new partner at KPMG, a new CEO at Akzo Nobel, and a Group Operations Manager at Pacific Foam Group
Kulim prepares to exit Papua New Guinea with sale of New Britain Palm Oil shares
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6 Aug 2014 by 1 Comment
A new player is preparing to enter Papua New Guinea’s palm oil industry, after Malaysian conglomerate Sime Darby was selected as the preferred bidder for Kulim Malaysia’s shares in PNG’s largest agribusiness, New Britain Palm Oil (NBPOL). What do analysts think of the move?
Support for Papua New Guinea government reforms, but also ‘unease’
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18 Sep 2013 by 1 Comment
While its aims of encouraging small and indigenous business are universally supported, the Papua New Guinea Government’s recent dealings with investors have created a ‘feeling of unease’ in some business circles.
Kulim offer for NBPOL ‘not in the national interest’, says Securities Commission
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29 Aug 2013 by
The PNG Securities Commission says it is not in the national interest for Kulim Malaysia to increase its stake in New Britain Palm Oil Limited (NBPOL).
Opinion: Change to Takeovers Code may discourage foreign investment in Papua New Guinea
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30 Oct 2013 by 1 Comment
Trade Minister, Richard Maru, has amended Papua New Guinea’s takeover code, introducing a new national interest test for anyone acquiring shares in PNG companies. The law firms who represented Kulim (Malaysia) Berhad in its recent failed bid for New Britain Palm Oil say the lack of definition about what is ‘the national interest’ will discourage foreign investment in PNG and PNG companies.
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