Page 38 - IB June 2020

People

Emmanuel Kasarherou Sir Gordon Tietjens Sean Dorney
series, the timing I felt was right to step down so they could as a journalist, and as an author.
look for a new Head Coach,” the veteran and former New
Zealand coach said. Cook Islands tourism leader Sue Fletcher-Vea has passed
away suddenly in Rarotonga. She ran Manuia Beach Resort in
Following the departure of Paul Abbot, PNG Air’s Board of Arorangi at the time of her death and was an active member
Directors has appointed Anthony Pereira as Acting CEO. He of the Private Sector Taskforce and Chamber of Commerce.
has experience at Singapore Airlines and aviation, hospitality,
wholesale and retail experience across a number of countries Ned Cook, Salvation Army leader and champion of reha-
including Italy, Australia, Fiji and Vanuatu. bilitation in the nation, has been killed in Tonga. Mr Cook ran
the Salvation Army's alcohol and drug awareness centre. The
David Doig is the new President of the Employers Federa- trained clinician had returned to Tonga to help tackle the
tion of Papua New Guinea, replacing Mike Jackson. Doig is kingdom's meth crisis.
the Managing Director of Moore Business Systems PNG and a
current director of the Brian Bell Group. Former President of Fiji's National Federation Party, Raman
Pratap Singh, passed away recently. The 69-year old led the
Former Australian broadcasters, Jill Emberson and Sean party from 2005 to 2014.
Dorney have been awarded Order of Australia medals. Em-
berson’s was awarded posthumously for her service to people Flags were flown at half-mast after former CNMI House
living with ovarian culture. She was a former broadcaster and speaker and Commonwealth Ports Authority board chair Jose
communications lead at the Pacific Community (SPC). Mean- R. Lifoifoi, passed away last month. He was also Palau’s for-
while Dorney has been recognised for distinguished service to mer honorary consul to the CNMI.
Australia-Papua New Guinea relations, to the broadcast media
Business

From page 19: FNPF ponders telco investment operations and debt reduction will be among its lowest priori-
ties.
the national airline Fiji Airways and a number of Fiji’s major In the Offer Document for the rights issue, ATH board chair-
hotels, in order to keep them afloat. man Ajith Kodagoda said funds raised will be used to recapi-
This, coupled with its regular and new COVID-19 related talise ATH’s balance sheet by “repaying borrowings, providing
services to over 400,000 members as well as its traditional funding for capital investments and for general corporate
role as a significant buyer of Fiji Government securities, has and working capital purposes” and provide the company with
put FNPF at the front line of Fiji’s economic damage control financial flexibility.
strategy. Details also reveal that F$100 million raised will go towards
ATH’s second biggest shareholder is the Fiji Government capital investments while F$26.76 million will be working
with a 17.2% stake, which translates to an entitlement of 10.9 capital.
million new shares. ATH is majority owned by the Fiji National Provident Fund
This will require the Fiji Government to put in F$21million (72.2%) and the Fiji Government (17.2%) with the rest held by
for its entitled allotment. Given the other demands on gov- over 1000 individuals, companies and trust funds in Fiji and
ernment finances, it is likely that an additional investment the Pacific, including the Samoa National Provident Fund.
in the telecom conglomerate for the purpose of expanding
dtabureguci@gmail.com

38 Islands Business, June 2020