Page 35 - IB FEB 2018

Business Intelligence

efficiency was poor on its Pacific
flights because it used four-engine
planes on those routes, such as SOUTH PACIFIC STOCK EXCHANGE (SPSE) MARKET U[DATE
the Boeing 747 and Airbus A380,
Year To Date (Jan - Dec 2017)
which consume more fuel than No. of
twin-engine planes. Company Share Price Share Price Gain/Loss Trades Traded Traded
(31/12/2017) (31/12/2016) (%) Volume Value
Palau collects Paradise Fee Atlantic & Pacific Packaging Com- 1.05 1.05 0.00% 5 24,920 26,166
Already implemented in Janu- pany Ltd (APP)
ary, every visitor traveling to Palau Amalgamated Telecom Holdings 1.86 1.27 46.46% 168 216,338 339,512
would now be charged a US$100 Ltd (ATH) 4.68 4.35 7.59% 4 32,191 146,631
Communications Fiji Ltd (CFL)
environmental fee as part of the Free Bird Institute Ltd (FBL)* 2.55 2.00 27.50% 101 424,090 1,029,889
island nation’s move to promote Future Forests Fiji Ltd (FFF) 0.79 0.79 0.00% NO TRADES
high value tourism and first-rate FijiCare Insurance Ltd (FIL) 1.16 0.72 61.11% 19 254,071 269,704
tourism hospitality. FMF Foods Ltd (FMF) 1.15 0.80 43.75% 23 529,494 515,878
The tourist fee named the “Pris- Fiji Television Ltd (FTV) 1.99 1.51 31.79% 21 40,966 79,453
65,171
0.53
0.45
tine Paradise Environmental Fee” is Kinetic Growth Fund Ltd (KGF) 12.60 12.10 17.78% 12 128,638 401,451
30
4.13%
Paradise Beverages Fiji Ltd (PBF)
32,446
finally being implemented. Pleass Global Ltd (PBP) 1.90 1.48 28.38% 2 1,500 2,750
The environmental fee was the Pacific Green Industries Fiji Ltd 1.00 1.00 0.00% NO TRADES
primary financing mechanism for (PGI)
the Palau National Marine Sanctu- RB Patel Group Ltd (RBG) 4.28 3.15 35.87% 20 544,425 2,194,862
ary. Enacted in October 2015, the The Rice Company of Fiji Ltd (RCF) 4.10 3.75 9.33% 10 40,889 166,073
arine sanctuary law seeks to pre- Toyota Tsusho (South Sea) Ltd 4.86 3.20 51.88% 6 16,944 81,530
(TTS)
serve 80 percent (500,238 sq. km) VB Holdings Ltd (VBH) 4.50 3.98 13.07% 7 40,589 169,743
of Palau’s Exclusive Economic Zone Vision Investments Ltd (VIL) 2.80 2.04 37.25% 161 384,418 904,028
as Palau National Marine Sanctu- Fijian Holdings Ltd (FHL) 5.20 4.09 27.14% 821 241,267 1,098,477
ary and create a domestic fishing BSP Convertible Notes Ltd (BCN) 8.53 7.78 9.64% 24 5,485 44,35
zone in the remaining 20 percent TOTALS 1,434 2,958,671 7,535,669
(85,896 sq. km).
The law would be fully imple- Port Moresby Stock Exchange CURRENCY RATES
mented in year 2020, following a Equity Listed Companies
five-year transition period. Code Bid Offer Last AUD$ NZ$ USD$ Euro UK Yen
BSP 9.5 9.55 9.55 Fijian $1 0.62 0.68 0.49 0.41 0.35 54.27
Reliable power supply for CCP 1.6 1.62 1.62 PNG Kina $1 0.38 0.42 0.31 0.25 0.22 33.64
Nauru CGA 0.1 0.35 0.12
THE people of Nauru can now COY 0 0 0.05 Samoa Tala $1 0.5 0.55 0.41 0.32 0.28 44.23
0.7
0.98
0.75
CPL
enjoy safe, reliable and efficient HIG 0.2 0.19 0.16 Solomons $1 0.16 0.17 0.13 0.1 0.091 13.99
electricity supply after the recent IDC 0 0 0 Tonga Pa’anga $1 0.57 0.63 0.46 0.37 0.32 49.98
commissioning of two generators. KAM 0.95 0.94 0.95 Vanuatu Vatu 100 1.16 1.28 0.94 0.76 0.67 102.43
The Asian Development Bank KPL 0.2 0.4 0.4
(ADB), the European Union (EU), KSL 2.15 2.5 2.4 Aud $1 1 1.11 0.81 0.65 0.57 88.03
and the governments of Australia NCM 57.2 62 57.2 NZ $1 0.9 1 0.73 0.59 0.52 79.8
0.7
0.7
NGP
0.7
and Nauru commissioned the gen- NIU 0 0 0.02 US $1 1.23 1.36 1 0.8 0.71 108.69
erators in Yaren, Nauru. OSH 18.25 20 18.24 Pacific Franc 100 1.28 1.42 1.04 0.84 0.73 113.11
Nauru President Baron Waqa SST 0 0 5
officiated at the commissioning Prices updated as of 2018-01-22. Market rates from www.xe.com as at 29th January 2018
ceremony. All prices are in PNG Kina (PGK).
“The Government of Nauru ap-
preciates the support of its donor partners, volved the installation of a new, efficient power outages to community members,
the ADB, European Union and the Aus- medium-speed 2.6-3 megawatt (MW) hospitals, schools, business and govern-
tralian government in co-financing this diesel generator and repairs to the pow- ment offices, as well as expanding water
important project,” said President Waqa. erhouse roof. desalination capability for the island,” said
“Nauru Utilities Corporation (NUC) is to be The additional $5 million from the Angela Tierney, Australia’s High Commis-
congratulated on the successful implemen- Government of Australia and the AU$4.1 sioner to Nauru.
tation of this project together with Jacob million from the Government of Nauru “Australia is delighted to support this
Engineering and Sterling & Wilson Co Gen helped fund the installation of the second project, which provides reliable baseload
Pty Ltd of India,” said Waqa. new medium-speed 2.6-3.0 MW diesel capacity to Nauru for the first time. The
The Nauru Electricity Supply Security generator which improved the efficiency, new generators will create a more stable
and Sustainability Project, approved in safety, and capacity of electricity supply power platform for Nauru and support
2014, was initially funded by a US$2 in Nauru. stronger sustainable development plan-
million grant from ADB and a €2 million “Upgrading the electricity network ning.”
grant ($2.4 million) from the EU. It in- in Nauru will reduce the frequency of Compiled by Priya Chand/Pacnews

Islands Business, February 2018 35