Although still fledgling, Papua New Guinea’s capital markets have strong prospects for growth as the economy looks forward to significant foreign currency inflows linked to the liquefied natural gas project and the development of new resource projects. With 13 dual-listed stocks on the exchange, share prices on the Port Moresby Stock Exchange are highly dependent on movements in foreign...
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Chapter | Capital Markets from The Report: Papua New Guinea 2014
Despite significant challenges linked to poor infrastructure, inadequate credit information and a largely rural population, commercial lenders are developing innovative means of broadening the sector’s reach. Framed by the government and the country’s central bank, the National Financial Inclusion and Financial Literacy Strategy encourages private banks, microfinance institutions, non-bank...
Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction.
Articles & Analysis | The third pillar: Private pension funds offer more options for saving for retirement from The Report: Malaysia 2014
Malaysia has long lacked a formal third pillar to its pension system. While the Employee Provident Fund (EPF) is well established and has operated successfully even under the most trying of circumstances, it is seen as inadequate in terms of providing replacement income for the country’s ageing population, and for a population that is living...
Interviews & Viewpoints | OBG talks to Kamaludin Ahmad, CEO, Etiqa Insurance & Takaful from The Report: Malaysia 2014
Articles & Analysis | Sound progress: Further consolidation is likely, while reforms are taking place from The Report: Malaysia 2014
With business increasing and consolidation proceeding apace, the insurance sector in Malaysia has been on a steady growth path for a number of years. It has been tracking general economic expansion, while at the same time benefitting from increased awareness, improved marketing and general and insurance-specific reforms. The sector is also...