The South Pacific Stock Exchange (SPX) has submitted proposals to the Ministry of Finance aimed at solidifying its role within the capital markets as part of ongoing modernization efforts. Chairman Nitin Gandhi noted that the SPX is actively exploring various initiatives designed to support and benefit listed companies, particularly from a tax perspective.
His vision includes enhancing the skills and capabilities of the exchange to better serve both local businesses and investors. “I think we’re upskilling training and building our own capacity so we can go out to the market more; we can create a lot more opportunities for the companies as well as investors,” Gandhi emphasized.
The SPX’s proactive stance is underscored by a reported rise in investor confidence, indicating a growing interest in stock market participation. The exchange is also dedicated to increasing public engagement and offering expert guidance, facilitating a better understanding of investment opportunities for the public.
Building on this, similar initiatives from previous articles reveal that SPX is keen to modernize its listing regulations, aiming to create an inclusive and growth-oriented framework that can accommodate a wider array of companies, including small and medium-sized enterprises (SMEs). These ongoing efforts to enhance the framework of market participation not only reflect a commitment to the local economy but also signify a hopeful trajectory for the region’s financial landscape.
In addition to regulatory enhancements, SPX is also focused on fostering regional cooperation, evidenced by its recent Memorandum of Understanding with the Papua New Guinea Exchange. Initiatives like these aim to create a more interconnected financial environment across the South Pacific, positioning the SPX as a vital player in the regional investment landscape.
The combination of capacity building, regulatory reform, and increased market awareness suggests a bright future ahead for both the SPX and its stakeholders. This strategic direction marks a crucial step toward nurturing a vibrant and resilient capital market.
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