Page 33 - IB MAR 2019

Business Intelligence - PACIFIC

the two previously discussed accidents NZX Main Board (NZSX)
involving Boeing 737 MAX series planes.”
No timeline was given as to how long The NZX Main Board (NZSX) is our original equities market and home for New Zealand’s best known brands and companies.
that will take. Capitalisation $141,431,882,306.93 7,638
Trade Count
In the meantime, some 300 planes Trade Volume 14,466,060
have been grounded globally, and the fate Instrument Count 166
of some 4000 orders is in some doubt.
Value
Change
Boeing has said it will continue to manu- Code Company Price $0.000 / 0.00% Volume 53948.70 Capitalisation
9,222
ABA Abano Healthcare Group Limited
$5.85
$153,195,921
facture the planes, but deliveries have AFI Australian Foundation Investment Company Limited $6.20 $0.050 / 0.81% 6,900 42685.00 $7,440,920,136
stopped for now. AFT AFT Pharmaceuticals Limited $2.05 -$0.010 / -0.49% 418 856.90 $199,481,439
AIA Auckland International Airport Limited $7.98 $0.040 / 0.50% 1,610,209 12838497.19 $9,636,224,789
AIR Air New Zealand Limited (NS) $2.35 $0.030 / 1.29% 346,572 814611.11 $2,638,603,603
Niue joins ADB ALF Allied Farmers Limited $0.08 $0.002 / 2.56% 101,851 8145.65 $12,920,428
THE Asian Development Bank says its AMP AMP Limited $2.35 -$0.010 / -0.42% 11,141 26329.03 $6,902,956,590
newest member, Niue, faces serious chal- ANZ Australia and New Zealand Banking Group Limited $27.40 $0.190 / 0.70% 3,653 99722.55 $77,980,112,547
0
0.00
$1,476,456
lenges in achieving sustained social and AOR Aorere Resources Limited $0.00 $0.000 / 0.00% 7,608 14775.29 $106,705,188
$0.017 / 0.88%
$1.94
APA Asia Pacific Fund (NS)
economic development. For a complete list of NZ’s equities market, visit www.nzx.com
“This new relationship will bring Niue Table above updated on March 18th 2019
into the development community and
help ADB to work closely on building Port Moresby Stock Exchange CURRENCY RATES
and strengthening economic growth that Equity Listed Companies AUD$ NZ$ USD$ Euro UK Yen
benefits all Niueans,” said ADB President
Takehiko Nakao. Code Bid Offer Last Fijian $1 0.66 0.68 0.47 0.41 0.35 52.23
0
Niue’s economy grew by an average of BSP 10.4 14 10.4 PNG Kina $1 0.42 0.43 0.3 0.26 0.22 33.08
14
CCP
1.35
3.6 percent per annum during 2012 to CGA 0 0 0.12
2016. Tourism has been the main driver COY 0 0 0.05 Samoa Tala $1 0.54 0.56 0.38 0.34 0.29 42.59
of its growth. CPL 0 0.65 0.65 Solomons $1 0.18 0.18 0.13 0.11 0.09 13.95
HIG 0 0.3 0.3
KAM 0 0.95 0.95 Tonga Pa’anga $1 0.62 0.64 0.44 0.39 0.33 48.86
Union wants $5 tala minimum wage KPL 0.4 0.6 0.7
THE Samoa First Union has urged the Sa- KSL 2.7 0 2.75 Vanuatu Vatu $100 1.23 1.28 0.88 0.77 0.66 97.72
moan Government to raise the minimum NCM 50 0 51 Aud $1 1 1.04 0.71 0.63 0.53 79.17
0.66
NGP
1
0
wage to $5 tala (US$1.90). NIU 0 0 0.02 NZ $1 0.96 1 0.68 0.6 0.52 76.41
Union Senior Organiser, Saina Tomi OSH 18 25 18
Fetalaia, said the current minimum wage SST 0 0 5 US $1 1.41 1.46 1 0.88 0.75 111.61

does not cater for the needs of people who Prices updated as of 2019-03-18. All Pacific Franc $100 1.34 1.39 0.95 0.84 0.71 105.95
are increasingly struggling with the cost prices are in PNG Kina (PGK). Market rates from www.xe.com as at March 18th, 2019
of living.
“The last minimum wage increase was
in 2012, that was seven years ago. And essential to preventing potential liquidity
in any country in the world the minimum crises in the system.”
wage does not stay the same, it increases “The new system will also help increase
on an annual basis,” he said. efficiencies in the remittance market, as
In response to earlier calls, Samoa’s money transfer operators will be able to
PM says while “we all want to raise the transfer monies within countries in a less
minimum wage”, it is entirely dependent complex way,” said Thomas Jacobs, IFC
on whether the private sector can afford it. Country Manager for the Pacific Region.

IFC moots digital payment schemes Saipan casino owner in legal hot water
THE International Finance Corporation THE Hong Kong owner of a multi-billion-
and World Bank are working towards the dollar casino on Saipan is being sued by
setup of an Automated Transfer System, former construction workers who say they
to facilitate digital payments in Samoa, were victims of forced labour and human
Solomon Islands and Vanuatu. trafficking reports Reuters.
The Pacific Payments Project will con- Seven Chinese construction workers Kiribati aircraft under construction in
nect banks with their country’s central made the claim against Imperial Pacific via Brazil
banks, allowing for electronic transfer of a filing in mid-March to the Federal Court KIRIBATI President Taneti Maa mau says
payments. in the Northern Mariana Islands. construction is underway for the country’s
“This will bring greater security to the They are seeking unspecified monetary two new E190 – E2 jet aircrafts by the
financial sector, spur innovation and hope- compensation for pain and suffering as Brazilian aerospace company, Embraer.
fully bring new players into the market,” well as punitive damages. Radio Kiribati says the country expects
said Governor Enari of the Central Bank of Imperial Pacific has the sole licence to delivery of its first aircraft in December and
Samoa. “By upgrading the systems, banks operate a casino in Saipan however the the second in April next year.
will no longer need to manually check their project has been troubled by safety and The two new aircraft will enable the
balances. With a digital system, they will labour problems. The company has de- national airline, Air Kiribati, to fly longer
be able to operate in real time, a move clined to comment. domestic and international routes.
Islands Business, March 2019 33