Fiji business briefs: BSP, Pleass, Fiji Hotel and Tourism Association

Bank of South Pacific (BSP) plans to list on the Australian Securities Exchange (ASX). BSP has given notice of its intention to change its constitution to allow for dual listing in Australia as well as its current listing in Papua New Guinea.

The Fiji Hotel and Tourism Association says the effective rollout of vaccines will be critical for everyone’s health and safety, the revival of the tourism industry and thousands of people getting their jobs back. FHTA Chief Executive Officer, Fantasha Lockington has reiterated the offer of industry support to the Ministry of Health and Medical Services with the logistics of rolling out the vaccines.

Water bottler and distributor, Pleass Global Limited says revenue in 2020 was F$10.99million or 20% lower than the previous year. However it recorded net profit of $1.06million for the year, 58% higher than the previous year. Chairman Warwick Pleass said “2020 was a turbulent year in Fiji, as it was globally, due to the SARS-CoV-2 or COVID pandemic. This caused the company great disruption and disappointment but in the end I am pleased with the result and outcomes. This satisfaction arises only relative to where we might have been had the company not reacted quickly and throughout the year, and if not for the immense sacrifices made by the employees and more specifically the management.

Shipping Services  has marked its 29th birthday by rebranding. It has also introduced new door to door logistics services —including packing, shipping, storing, and chilling services—alongside port-to-port container transportation.

The Reserve Bank of Fiji has two new board members, Vinod Patel and Company Group GM Finance, Nikita Patel, and Energy Fiji Chief Financial Officer, Bobby Naimawi.

Tourism Fiji has handed over burgee flags, which yachts can fly from their masts, to signify they are ‘Blue Lane approved’.  The flags indicate a vessel and its crew have completed quarantine, mandatory protocols and do not pose any COVID-related threat to the community.

Fijian Holdings has welcomed its new Group Chief Executive, Jaoji Koroi, who has started work after transitioning from his role at the Fiji National Provident Fund.

The Fiji National Provident Fund and Vinod Patel & Company have signed a lease agreement establishing its Home & Living Division as one of the anchor tenants for the myFNPF Centre, Nadi.