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• Thursday, 20 June 2013

SPSE - South Pacific Stock Exchange

Companies such as FijiCare Insurance Limited, Foster’s Group Pacific Limited, Amalgamated Telecom Holding Limited, R B Patel Group Limited and Toyota Tsusho (South Seas) Limited are all companies that are listed on the South Pacific Stock Exchange. The South Pacific Stock Exchange, or SPSE, is located on the Fiji Islands and aims to become the most prominent stock exchange in the South Pacific.

The SPSE is supported by a Central Share Registry facility. It is a software program that was developed for the South Pacific Stock Exchange, by Pro Systems (Pacific) Limited. The Central Share Registry was designed specifically for shareholders that have various holdings in different companies. The system allows them to consolidate all the shareholders’ stocks, equities and securities in a single statement. The Central Share Registry offers receiving, issuing and printing share certificates, maintenance of register, share transfers, new shareholder registration, general enquiries, share splits, IPO’s, validation of share transfers, processing of share transfers, dividend redistribution and distribution of dividends by cheque, TT’s, TMO’s and direct deposits. The South Pacific Stock Exchange aims to educate the public with regard to equities, investing, capital markets and dual benefits. It wants to attract companies to list on the SPSE by building confidence in investors, offering a competitive, strong and secure market and taking care of the members and companies that are already listed on the SPSE. The delivery of an efficient service, attention to detail and true commitment are the core goals that are focused on by the South Pacific Stock Exchange.

In recent years, the economy on the Fiji islands has seen both good and bad time periods, but with its positive labor force, an increasing tourism industry and the presence of minerals, there is great hope for these islands. To date, the most important export product from Fiji, has been sugar, but the agricultural sector also produces coconuts, cassava, sweet potatoes, cattle, horses, pigs, fish, goats and rice. Gold, lumber, silver and copra are produced by the industrial sector. The biggest trading markets for Fiji are Samoa, New Zealand, the United States, Japan, Singapore, the United Kingdom and Australia. Products such as molasses, coconut oil, garments, sugar, fish and timber are exported, while products such as chemicals, food, transport equipment, machinery, petroleum products and manufactured goods are imported.