Page 37 - IB Jan 2018

Business Intelligence

these rich nations to be held unaccountable STOCK MARKETS
for their denial of policy space to develop,” Share Market Prices at South Pacific Stock Exchange
he added. - Pacnews
Company Share Share Gain/ Year To Date (15th Dec 2017)
Solomon Islands withdrawal Price Price Loss % No. of Volume Value
Honiara, Solomon Islands - The Pa- (15/12/17) (15/12/17) 0.00 Trades Traded Traded
26,166
cific Islands Tuna Industries Association Atlantic & Pacific Packaging 1.05 1.05 5 24,920
Company Ltd (APP)
(PITIA) is disappointed in Solomon Islands Amalgamated Telecom 1.87 1.86 163 211,438 330,397
move to pull out from the Tokelau Agree- Holdings Ltd (ATH)
3
ment on albacore tuna but says it respects Communications Fiji Ltd (CFL) 4.35 4.35 0.00 91 12,191 53,031
the decision given that it is the country’s Free Bird Institute Ltd (FBL) 2.49 2.48 0.40 0 319,594 769,027
0.79
0
0
0.00
Future Forests Fiji Ltd (FFF)
0.79
right to protect its national interest. FijiCare Insurance Ltd (FIL) 1.05 0.90 16.67 16 97,591 95,287
The Tokelau Arrangement brings eleven FMF Foods Ltd (FMF) 1.05 1.04 0.96 22 469,494 446,878
2.00
60,548
20
31,466
Forum Fisheries Agency (FFA) countries Fiji Television Ltd (FTV) 2.00 0.50 0.00 12 128,638 65,171
6.00
Kinetic Growth Fund Ltd (KGF) 0.53
together in a bid to take more control of Paradise Beverages Fiji Ltd (PBF) 12.60 12.52 0.64 30 32,446 401,451
the albacore fishery and boost financial Pleass Global Ltd (PBP) 1.90 1.48 28.38 2 1,500 2,750
returns. Solomon Islands has the biggest Pacific Green Industries Fiji Ltd (PGI) 1.00 1.00 0.00 0 0 0
albacore fishery of all Pacific nations and RB Patel Group Ltd (RBG) 4.28 3.65 17.26 20 544,425 2,194,862
81,530
oyota Tsusho (South Sea) Ltd (TTS)
4.86
it argues that cuts to the catch proposed VB Holdings Ltd (VBH) 4.05 4.85 0.21 6 4 16,944 115,743
4.05
28,589
0.00
under the Tokelau arrangement would Vision Investments Ltd (VIL) 2.78 2.60 6.92 155 381,520 895,954
disadvantage it. “I think we have to respect Fijian Holdings Ltd (FHL) 5.10 5.00 2.00 684 233,754 1,059,881
those national governments sovereign BSP Convertible Notes Ltd (BCN) 8.50 8.00 6.25 22 4,985 40,090
rights to protect their national interest,” TOTALS 1,265 2,580,384 6,804,840
PITIA Executive Officer John Maefiti said.
“But then, at the same time, the goal (of PNG SHARE PRICES CURRENCY RATES
the Tokelau Arrangement) will be more Equity Listed Companies
effective when we stay together and try to Code Bid Offer Last AUD$ NZ$ USD$ EURO UK Yen
leverage our positions in these negotia- BSP 9.45 9.6 9.5 Fijian $1 0.62 0.69 0.48 0.41 0.36 54.9
tions,’ he said. - Pacnews CCP 19 1.65 169 PNG KIna $1 0.41 0.44 0.31 0.26 0.23 35.24
CGA 0.15 0.2 0.12
COY 0 0 0.05 Samoa Tala $1 0.51 0.56 0.39 0.33 0.29 44.58
Caught up in EU blacklists CPL 0.98 0.75 0.75
Brussels, Belgium - The European HIG 0.11 0.19 0.16 Solomons $1 0.16 0.18 0.12 0.11 0.09 14.59
Union (EU) has put 17 non-EU countries IDC 0 0 0 Tonga Pa’anga $1 0.58 0.64 0.45 0.38 0.33 51
on a blacklist of those it deems guilty of KAM 0.95 0.95 0.95 Vanuatu Vatu 100 0.19 1.31 0.92 0.77 0.68 103.77
unfairly offering tax avoidance schemes. KPL 0.4 0.4 0.4
2.5
KSL
EU Vice President Valdis Dombrovskis said NCM 2.05 2.5 57 Aud $1 1 1.09 0.77 0.65 0.57 87.4
62
57
after a meeting of the blocs’ finance min- NGP 0.7 0.7 0.7 NZ $1 0.9 1 0.7 0.59 0.52 79.53
isters that beyond the 17 nations, another NIU 0 0 0.02 US $1 1.29 1.42 1 0.84 0.74 113.36
47 were put on a grey list to be monitored OSH 18.01 20 18.01
5
SST
0
0
until they are fully committed to reforms. Prices updated as of 20/12/2017. All Pacific Franc 100 1.28 1.41 0.99 0.83 0.74 112.48
The EU said those blacklisted had refused prices are in PNG Kina )PGK Market rates from www.xe.com as at December 22nd, 2017
to co-operate and change their way after
almost one year of consultations. The EU ceremony of SMEC’s garment and textile of Australia and New Zealand - despite
grey list contains the names of 47 countries training programme in Port Moresby early rhetoric that the agreement was as
that have committed to addressing defi- last month. The textile industry in India much about development as it was about
ciencies in their tax systems and to meet employs about 45 million people directly reducing trade barriers. PNG and Fiji have
the required criteria following contacts with and 20 million people indirectly. India’s both said that the agreement does not al-
the EU. Pacific Island countries on this list overall textile exports in 2015 was US$40 low them to develop their infant industries
includes the Cook Islands, Fiji, Vanuatu, billion. - Pacnews and would restrict government regulation
Nauru, Niue and New Caledonia. - Pacnews in other areas. - Pacnews
PNG, Fiji out of PACER
India to develop PNG’s textile Sydney, Australia - The proposed Pacific Solomon new $10 note
Port Moresby, PNG - The Indian Govern- Agreement on Closer Economic Relations Honiara, Solomon Islands - Central
ment plans to partner with the Small and (PACER) Plus trade agreement still does Bank has announced the introduction of
Medium Enterprises Corporation (SMEC) not resonate with Fiji and Papua New their new $10 note, the country’s fourth
to develop entrepreneurship in Papua New Guinea as the deal has not been signed by banknote. “The new $10 banknote incor-
Guinea’s textile and garment industry. the two countries. Australian Fair Trade porates state of the art security features
High Commissioner Negendra Kumar and Investment Network Limited (AF- and stunning visual representations of the
Saxena said India would work with SMEC TINET) Convener Dr Patricia Ranald said islands’ rich cultural heritage,” a statement
to have trainees visit India to experience PNG and Fiji’s unwillingness to participate from the Central Bank of Solomon Islands
and be trained in entrepreneurship skills. also demonstrated that the agreement (CBSI) said. - Pacnews
Saxena was speaking at the graduation was heavily skewed towards the interests - Compiled by Priya Chand
Islands Business, January 2018 37