How would you characterise PNG’s response to the global economic downturn that is affecting many areas of its economy?
Displaying 2017 - 2022 of 4356
Interviews & Viewpoints | OBG talks to Geoff Toone, Former Managing Director, Westpac Bank Papua New Guinea: Interview from The Report: Papua New Guinea 2016
In Papua New Guinea insurance makes up a small part of the economy by international standards, with the penetration rate at less than 2% of GDP compared to a global average of 7.5%, according to the UN Development Programme. Insurance in the country is also a sector of great opportunity. Access is straightforward given the regulations and low capital requirements, so international...
Chapter | Capital Markets from The Report: Papua New Guinea 2016
After a number of challenging years, Papua New Guinea’s capital markets seem to be finding their footing and may be on the cusp of great and positive change. In 2015 the country had its first initial public offering in three years, and it was a significant listing: a major local financial services group with part ownership of the stock exchange. Also, in 2016 a key stock started trading again...
Papua New Guinea’s banking sector is adjusting to the slowing of economic growth and to the foreign exchange shortage that is affecting local businesses. However, despite many challenges, the institutions remain well capitalised and highly profitable, and in some cases are maintaining positive profit growth. More than just holding its own, the sector is developing in significant ways that...
Recent reforms to Kenya’s pension fund regulations, announced in mid-2015, are opening up more diverse avenues for investment and increasing prospects for growth.
While a slowing of economic growth and uncertainty over global market conditions are expected to cool Malaysia’s insurance industry this year, regulatory reforms could drive expansion in the medium term.