SUNBIZ

Coming Soon Along Victoria Parade: Big Screen Stocks

"But there’s more. Kriz Signs will soon be installing a high-end LCD screen on the roof top of the SPSE office that will show the daily SPSE Trading Statistics."
16 Mar 2019 17:33
Coming Soon Along Victoria Parade: Big Screen Stocks
The South Pacific Stock Exchange office. Photo: Maraia Vula

The South Pacific Stock Exchange (SPSE) has a lot planned for this year whilst planning for the 2020 World Exchange Congress (WEC) in Suva next year.

Last week, SPSE and its subsidiary company, Central Share Registry (CSR) relocated their registered office to Shop 1 and 11, Sabrina Building, Victoria Parade, Suva.

But there’s more. Kriz Signs will soon be installing a high-end LCD screen on the rooftop of the SPSE office that will show the daily SPSE Trading Statistics.

Last year was a very successful year for SPSE. Over­all, SPSE continues to see increased demand for listed company shares which is a positive sign as this shows that investors are getting aware of the many benefits of invest­ing in shares.

Such as; tax-free returns and potential to gain higher re­turns over the long-term.

SPSE will be working on more investor awareness, more companies to get listed, enhancing their operational ef­ficiency through improved processes and technological advancements and research on new products/markets to foster the growth.

World Bank Group office in Suva opens on Monday

The World Bank Group’s new office in Suva will open on Monday.

The World Bank Group in­cludes the World Bank and the International Finance Corpo­ration (IFC).

Located on Level 2, FNPF Plaza, Greig Street, Suva, the new office hub will coordi­nate the World Bank Group’s growing portfolio of projects across Fiji, Kiribati, Nauru, Samoa, Tonga, Tuvalu.

Speakers at the opening include:

  • Attorney-General and Minister for Economy, Public En­terprises, Civil Service and Communications, Hon. Aiyaz Sayed-Khaiyum
  • World Bank Country Director for Papua New Guinea and the Pacific Islands, Michel Kerf
  • IFC’s Director for East Asia and the Pacific, Vivek Pathak
  • The World Bank’s Resident Representative for Fiji and the South Pacific, Lasse Melgaard
  • IFC’s Resident Representative for Fiji, Samoa, Tonga and Kiribati, Deva De Silva

FNPF Retirement Expo’s in April

The Fiji National Provident Fund will be hosting a Retire­ment Expo at the Downtown Boulevard & My FNPF Centre in April.

It is understood FNPF is using this platform to address the ongoing challenge of low member balances and also promote and create awareness on financial readiness for retirement.

It is part of a co-ordinated effort to raise domestic savings and investment levels and, in the process, contribute to economic growth. For FNPF it is important for their mem­bers to change their understanding and behaviour towards their retirement savings.

According to the Fund’s Annual Report, it continues to manage the ongoing challenge of low member balances. As of June 30, 2018, a total of 29 per cent of its members had balances above $10,000 of those with balances below $$10,000, about 57,000 are over 50-years-old and eligible to exercise their retirement option within the next five years.

Issues such as irregular work patterns, relatively low in­come and general reliance on FNPF to finance other ex­penses are reasons for these low balances.

The challenge for the Fund is to strike a balance between assisting members achieve a better quality life and in sav­ing for retirement.

Feedback: maraia.vula@fijisun.com.fj

Fiji Sun Instagram
Subscribe-to-Newspaper
error: