THE COMPANY: City Pharmacy (CPL) was established in 1986. It is one of the leading retail/wholesale companies in Papua New Guinea, with branches located through out the country. CPL operates pharmacies, supermarkets, hardware supply stores and Bon Café outlets. The company was listed on the Port Moresby...
Over the past five years, Papua New Guinea’s insurance industry has grown substantially, in line with the nation’s rapidly expanding economy. While still relatively small by international standards, the sector has posted solid returns since the mid-2000s, and most local players are looking forward to continued growth in the coming decade. The non-...
While Papua New Guinea’s capital markets have grown dramatically in recent years, the Securities Commission of PNG (SCPNG) has not developed at the same rate. The regulator is widely viewed among market participants and related firms as inadequate, underfunded and unable to effectively supervise the Port Moresby Stock Exchange (POMSoX). According to...
THE COMPANY: Incorporated in 1974, Bank South Pacific (BSP) has grown to become the largest bank in the South Pacific. BSP is also Papua New Guinea’s largest bank, despite the presence of international competitors. BSP was listed on the Port Moresby Stock Exchange in 2003, and the company has subsequently...
In late 2011 the Bank of Papua New Guinea (BPNG), the country’s central bank, launched its 2012-15 Strategic Plan, which will serve as a blueprint for the financial services sector. The plan is made up of a number of major development initiatives, in addition to more general goals and strategic objectives. Broadly, it represents a mandate for BPNG...
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