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Fijian economy has the capability to buffer itself from the downward trend of the world economy - AG

Fijian economy has the capability to buffer itself from the downward trend of the world economy - AG

By Priteshni Nand
Saturday 14/09/2019

 Acting Prime Minister and Minister for Economy, Aiyaz Sayed‑Khaiyum says the Fijian economy is doing well and has the capability to buffer itself from the downward trend of the world economy.

While officiating at the 2019 South Pacific Stock Exchange Annual Awards at the Grand Pacific Hotel in Suva last night, Sayed-Khaiyum says Fiji’s current liquidity is 640 million dollars and foreign reserves sit at 2.2 billion dollars.

Sayed-Khaiyum says due to the US‑China trade war, the downward trend in the world economy will be further degraded and Fiji will face challenges of what is happening globally.

Meanwhile, the Chairperson of South Pacific Stock Exchange, Dr. Nur Bano Ali says the awards have an ultimate aim to inspire organizations and individuals to take pride in their respective fields of work.

The winners of the various awards at the 2019 South Pacific Stock Exchange Annual Awards are as follows:

Annual Report Awards

Listed Entities Category

Best Presentation and Content- Fijian Holdings Limited

Best Reporting and Disclosure- Vision Investments Limited

Special Award- Pleass Global Limited

Unlisted Organizations Category

Best Presentation and Content- Fijian National University

Best Reporting and Disclosure- Fiji National Provident Fund

Special Award- Fiji Ports Corporation Limited

Grand Awards

National Poster Competition winner category 1- Ms.Jenica Kumar of Bhawani Dayal Memorial Primary School.

National Poster Competition winner category 2- Ms. Natasha Roneeta Prasad of Tavua College

National Poster Competition winner category 3- Ms. Natasha Jacintha Prasad of Rishikul Sanatan College

Award for outstanding contribution to stockbroking- Ms. Ragni Khatri of Kontiki Stockbroking Limited

Listed Entity of the year- Pleass Global Limited

Spotlight Award:

The innovation of the year- FijiCare Insurance Limited

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