Page 35 - IB April 2018

Business Intelligence

Blow to Vanuatu kava exports
Port Vila, Vanuatu -- Yaqona (kava)
exports to Europe in this island nation
have been dealt a huge blow by a lead- SOUTH PACIFIC STOCK EXCHANGE (SPSE) MARKET U[DATE
ing scientist. Dr Mathias Schmidt was a Year To Date 15 Mar 2018
key player in advocacy which led to the Company Share Price Share Price Gain/Loss
No. of
Value
lifting of a European Union ban on Pacific (15/03/2018) (15/02/2018) (%) Trades Volume Traded
Traded
yaqona in 2017. But Schmidt now says he
will no longer advocate buying kava from Atlantic & Pacific Packaging Com-
Vanuatu in an effort to protect European pany Ltd (APP) 1.15 1.15 0.00% 3 15,650 17,998
importers. He told the Vanuatu Daily Amalgamated Telecom Holdings
Post that the island republic continued to Ltd (ATH) 2.26 2.17 4.15% 31 63,795 132,922
export tudei (two-day) kava despite at- Communications Fiji Ltd (CFL) 4.72 4.72 0.00% 1 880 4,154
99,011
tempts by Pacific countries to voluntarily Free Bird Institute Ltd (FBL) 3.00 2.75 9.09% 11 NO TRADES 268,456
Future Forests Fiji Ltd (FFF)
0.79
0.00%
0.79
stop these exports. Tudei - which causes FijiCare Insurance Ltd (FIL) 1.19 1.19 0.00% 1 24,663 29,349
consumers to have a two-day hangover FMF Foods Ltd (FMF) 1.22 1.20 1.67% 3 27,775 33,118
after consumption – contains high levels Fiji Television Ltd (FTV) 2.16 2.14 0.93% 18 40,000 82,844
of toxins which cause the hangover and Kinetic Growth Fund Ltd (KGF) 0.63 0.58 8.62% 4 50,771 29,852
are believed to be responsible for liver Paradise Beverages Fiji Ltd (PBF) 13.00 13.00 0.00% 12 44,860 583,180
10,900
damage.. – IB Online Pleass Global Ltd (PBP) 2.28 2.26 0.88% 8 NO TRADES 23,713
1.00
0.00%
Pacific Green Industries Fiji Ltd (PGI)
1.00
RB Patel Group Ltd (RBG) 4.36 4.30 1.40% 5 6,990 30,157
Hong Kong interest buys into Fiji The Rice Company of Fiji Ltd (RCF) 4.13 4.13 0.00% 1 1,236 5,105
Care Toyota Tsusho (South Sea) Ltd (TTS) 4.90 4.90 0.00% 2 713 3,494
Hong Kong, China - A Hong Kong VB Holdings Ltd (VBH) 5.75 4.50 27.78% 5 378,220 1,725,303
based company is set to buy out the Vision Investments Ltd (VIL) 3.15 3.01 4.65% 24 33,470 100,375
controlling shares in Fiji Care Insurance Fijian Holdings Ltd (FHL) 5.20 5.20 0.00% 77 80,122 412,965
BSP Convertible Notes Ltd (BCN)
8.60
1,715
14,665
7
8.60
0.00%
Limited. Mount Sophia Ventures Limited
has a registered company at Infinitus TOTALS 213 880,771 3,497,648
Plaza, 199 Des Voeux Road, Central Hong
Kong and is listed as an investment com- Port Moresby Stock Exchange CURRENCY RATES
pany owned by Fiji citizen Avinesh Raju. Equity Listed Companies
The details are contained in the bidder AUD$ NZ$ USD$ Euro UK Yen
statement that has been forwarded to the Code Bid Offer Last Fijian $1 0.63 0.67 0.49 0.39 0.34 52.34
Reserve Bank of Fiji. – IB Online BSP 9.56 0 9.56 PNG Kina $1 0.40 0.42 0.31 0.24 0.21 32.83
CCP
1.6
0
1.6
CGA 0 0.12 0.12
U.S Interior announces $460,900 for COY 0 0 0.05 Samoa Tala $1 0.50 0.54 0.39 0.31 0.27 41.68
Prior Service Trust Fund CPL 0 0 0.66 0.75 Solomon $1 0.16 0.17 0.12 0.10 0.09 13.62
0.25
HIG
0.2
Washington, USA -- U.S. Interior As- IDC 0 0 0
sistant Secretary Insular and International KAM 0 0.94 0.94 Tonga Pa’a $1 0.58 0.61 0.45 0.36 0.31 47.69
Affairs Doug Domenech has authorised KPL 0.25 0.3 0.4 Vanuatu Va $1 0.01 0.01 0.00 0.00 0.00 0.00
2.4
2.6
KSL
2.45
a payment of US$460,900 for the Prior NCM 50 0 50 Aud $1 1 1.06 0.77 0.62 0.54 81.74
Service Trust Fund or PSTF administra- NGP 0 0.7 0.65
tion which distributes benefits to former NIU 0 0 0.02 NZ $1 0.94 1 0.72 0.58 0.51 76.98
employees of the post-World War II, U.S.- OSH 18.5 19 18.5 US $1 1.29 1.37 1 0.80 0.70 105.63
5
SST
0
0
administered, Trust Territory of the Pacific
Islands in the Western Pacific. Prices updated as of 2018-03-26. All Pacific France 100 0.01 0.01 0.01 0.00 0.00 1.102
prices are in PNG Kina (PGK). Market rates from www.xe.com as at 27 March, 2018
Movers & Shakers Investor analyst heads Fiji National Provident Fund
Ali is BSP Fiji boss SUVA, Fiji -- Jaoji Koroi is the new chief executive
officer of Fiji’s superannuation fund, the FNPF.
PORT Moresby, PNG -- Haroon Ali is to be the Fund chairman Ajith Kodagoda said the FNPF
new Country Head of Bank South Pacific in Fiji, board has confidence that Koroi will ably lead
the bank has announced in a statement. He suc- FNPF through the next three years given his
ceeds Kevin McCarthy when he retires at the end experience, skills and qualifications. “As Chief
of 2018. Ali is currently BSP Group’s chief risk Operating Officer (COO) for the last two years
officer currently based at bank headquarters in and Chief Investment Officer (CIO) for seven years before that,
Port Moresby, Papua New Guinea, and when the changeover Mr Koroi has provided strong leadership that has contributed
starts in June, he will become the first Fijian to head BSP’s to the achievements in the Fund’s financial, investment and
business in Fiji. – IB Online operational performances,” said Kodagoda.
Islands Business, April 2018 35