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Papua New Guineans to be educated in stock markets following MoU signing between CEFI and Securities Commission PNG

Papua New Guineans will be educated on investing in stock markets following a Memorandum of Understanding (MoU) signing between CEFI and Securities Commission of PNG (SCPNG).

The lack of knowledge in this area has seen many Papua New Guinean’s making unwise decision to invest in ponzi schemes and throwing away their hard earned money to this schemers who make a quick return from unsuspecting financial illiterate customers.

The need to educate Papua New Guineans on making real investments in stock equity markets has urged SCPNG to embark on this journey.

The SCPNG Acting Chairman Mr. Joshua James and CEFI Executive Director Mr. Saliya Ranasinghe signed the MoU on Wednesday May 08, which will see both organizations working in collaboration and partnership in carrying out the programs initiated by CEFI.

The programs include, Young Minds Savings Campaign, Provincial Government Engagement Program, Training of Trainers to train investor and Development of Capital Marketing Modules.

“We (SCPNG) want to drive this concept to the schools and partner with CEFI and invest in the education program so that schools are able to teach the young children about investing and making the right choices,” said Mr. James Joshua, SCPNG Acting Chairman.

“We also need to drive that out to the public and make them clear on which are the right avenues to invest and get a real return out of it.

“That is our agenda that we want to expand the investment options and investment tools that are currently on our market.

“Thank you CEFI, we need partners like you to drive the agenda forward,” Mr. Joshua added.

Mr. Ranasinghe thanked SCPNG for coming onboard and agreeing to terms of the MoU, which he said highlighted the importance of their partnership which is to implement the programs.

“People need to be educated in investment and we are looking forward to working with you (SCPNG) to develop a training module and deliver to the people of this country,” Mr. Ranasinghe added.

The MoU will run for three years from May 8 2024 to May 08 2027.


Photo caption: CEFI Executive Director Mr. Saliya Ranasinghe (left) and SCPNG Acting Chairman Mr. Joshua James signing the MoU.

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