THE COMPANY: Highlands Pacific (HIG) is a diversified mineral resource company that is listed on both the Australian Stock Exchange and the Port Moresby Stock Exchange. It has projects that include the Ramu nickel and cobalt mine, the Frieda River gold and copper project and the Star Mountains exploration...
THE COMPANY: Credit Corporation (CCP) began business in 1978 as a general finance company, and has grown to become one of Papua New Guinea’s most progressive institutions. CCP specialises in providing a range of financial products and services and, through its subsidiaries, it owns and manages a portfolio...
Despite a number of ongoing challenges, Papua New Guinea’s banking sector is poised for expansion in the coming years. The industry has seen significant growth over the past decade, primarily as a result of government leadership and rapid development in the economy due to a handful of major energy and mining projects. In general, three commercial...
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...
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