Page 35 - IB March 2018 Edition

Business Intelligence

provide an opportunity for the
retired Fijian teachers to share
their knowledge and information SOUTH PACIFIC STOCK EXCHANGE (SPSE) MARKET U[DATE
with the people of Kiribati. Kiri-
bati High Commissioner Reteta Year To Date 28 Feb 2018
Rimon acknowledged Fiji for the Company Share Price Share Price Gain/Loss Trades Traded No. of
continued partnership. She said (31/12/2017) (31/12/2016) (%) Volume Value
these volunteers are mostly Eng-
lish language teachers. Atlantic & Pacific Packaging Com- 1.15 1.05 9.52% 2 5,650 6,498
pany Ltd (APP)
Amalgamated Telecom Holdings 2.17 2.00 8.50% 21 55,775 115,167
Illegal group in PNG Ltd (ATH) Traded
Port Moresby, Papua New Communications Fiji Ltd (CFL) 4.72 4.72 0.00% 1 880 4,154
Guinea - A foreigner who admit- Free Bird Institute Ltd (FBL) 2.75 2.55 7.84% 10 82,005 217,438
ted in Papua New Guinea courts Future Forests Fiji Ltd (FFF) 0.79 0.79 0.00% NO TRADES
of being part of a syndicate FijiCare Insurance Ltd (FIL) 1.19 1.16 2.59% 1 24,663 29,349
involved in the smuggling of FMF Foods Ltd (FMF) 1.20 1.15 4.35% 2 22,825 27,079
illegal goods to the country has Fiji Television Ltd (FTV) 2.14 1.99 7.54% 13 27,571 56,071
Kinetic Growth Fund Ltd (KGF)
24,749
0.53
9.43%
42,671
0.58
2
refused to reveal to authorities Paradise Beverages Fiji Ltd (PBF) 13.00 13.00 0.00% 12 44,860 583,180
the identities of his accomplices. Pleass Global Ltd (PBP) 2.26 2.10 7.62% 7 9,500 20,521
Ian Wang Yua Yan, 42, from Pacific Green Industries Fiji Ltd (PGI) 1.00 1.00 0.00% NO TRADES
Longtian in Fujian, China, ap- RB Patel Group Ltd (RBG) 4.30 4.30 0.00% 1 4,990 21,457
peared before Waigani District The Rice Company of Fiji Ltd (RCF) 4.13 4.10 0.73% 1 1,236 5,105
713
3,494
Court Magistrate Cosmas Bidar. Toyota Tsusho (South Sea) Ltd (TTS) 4.90 4.86 0.82% 2 356,285 1,603,283
VB Holdings Ltd (VBH)
1
0.00%
4.50
4.50
He admitted being part of an Vision Investments Ltd (VIL) 3.01 2.80 7.50% 12 18,679 54,269
illegal network involved in the Fijian Holdings Ltd (FHL) 5.20 5.20 0.00% 47 40,982 211,360
smuggling of undeclared goods BSP Convertible Notes Ltd (BCN) 8.60 8.55 0.58% 7 1,715 14,665
contravening the PNG Customs TOTALS 142 741,000 2,997,837
Act. Their illegal activities came to
light when PNG Customs Services
officers discovered about K7.3
million (US$2.2 million) worth Port Moresby Stock Exchange CURRENCY RATES
of illegal cigarettes at its container Equity Listed Companies AUD$ NZ$ USD$ Euro UK Yen
examination facility at Motukea
late last year. Code Bid Offer Last Fijian $1 0.63 0.68 0.49 0.40 0.35 52.34
BSP
9.55
9.5
9.5
CCP 0 1.6 1.6 PNG Kina $1 0.40 0.43 0.31 0.25 0.22 33.38
Appeal on EU purse seine CGA 0.1 0.4 0.12 Samoa Tala $1 0.51 0.54 0.39 0.32 0.28 42.04
deal COY 0 0 0.05
Rarotonga, Cook Islands - A CPL 0.98 0.68 0.75 Solomons $1 0.16 0.17 0.12 0.10 0.09 13.71
HIG
0
0
0.2
leave to appeal has been granted IDC 0 0 0 Tonga Pa’anga $1 0.57 0.61 0.44 0.36 0.32 47.35
against the High Court’s ruling on KAM 0 0.94 0.94 Vanuatu Vatu $1 0.01 0.01 0.00 0.00 0.00 1.00
the government’s development KPL 0.25 0 0 0.4
2.4
KSL
2.4
of the Cook Islands purse seine NCM 57.2 0 57.2 Aud $1 1 1.07 0.77 0.63 0.56 82.44
fishery in partnership with the NGP 0.7 0.7 0.65 NZ $1 0.93 1 0.71 0.59 0.52 76.77
European Union (EU). Justice NIU 0 0 0.02 US $1 1.29 1.39 1 0.82 0.72 106.75
0
Dame Judith Potter allowed the OSH 30 0 0 19 5
SST
appeal against the decisions she Pacific France 100 0.01 0.01 0.01 0.00 0.00 1.090
made regarding the case last year, Prices updated as of 2018-02-27. All Market rates from www.xe.com as at March 1, 2018
to go ahead. She also declined the prices are in PNG Kina (PGK).
state’s application to seek costs
for the High Court case, and se-
curity of costs for any further action. The group, Te Ipukarea Society, after Justice want to improve their collective access
government representing the Attorney Potter dismissed the initial case which to international markets and investment,
General, Minister of Marines Resources was filed in November, 2016. The case al- according to ongoing discussions at the
and secretary of Marine Resources, did leged the government failed to conduct an inaugural South Pacific International
not oppose the application for appeal in environmental impact assessment and did Arbitration Conference, organised here
substance, but sought security for costs not consult with traditional leaders before last month. The conference, the first-
of US$10,887 as well as High Court costs going ahead with the EU fishing deal. of-its-kind on international arbitration
of US$10,887. The application for leave in the Pacific, brings together over 130
to appeal was filed in December last year International arbitration reforms delegates including government officials,
by the traditional chiefs, the Aronga Mana Nadi, Fiji - Countries in the Pacific policymakers, judges, law practitioners,
of Te Au O represented by broadcaster will have to work together to implement private sector representatives, other
William Framhein, and the environmental international arbitration reform if they development partners, and experts.
Islands Business, March 2018 35