Is Santos listed on Papua New Guinea's stock exchange?

Santos is listing on Papua New Guinea's stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange's largest listing, providing PNG's capital markets with a timely boost. JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea.

Will Bank South Pacific become Papua New Guinea's largest listing?

It will immediately become the exchange's largest listing, providing PNG's capital markets with a timely boost. JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea. Co-founder and Managing Director Lars Mortensen tells Business Advantage PNG he sees great opportunity for growth.

Will Papua New Guinea have a corporate bond market?

In what may be the most significant innovation in Papua New Guinea's capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.

What is Papua New Guinea known for?

Papua New Guinea is known for its strong mining industry, which accounted for more than 7% of its GDP in 2018. The sector was responsible for 35% of the country’s export revenues. Principal mineral exports include gold (24% of export value), copper (6%), nickel (3%), and cobalt (1.8%).