New SPX office and re-branded logo hopes to attract more private sector investment

Attorney-General Aiyaz Sayed-Khaiyum, Minister for Industry, Trade and Tourism Premila Kumar with the staff of the new South Pacific Stock Exchange. Picture: SUPPLIED

THE new South Pacific Stock Exchange office (SPX) and its new re-branded logo hopes to attract more private sector investment and create more visibility for the company.

While launching the new office yesterday in Suva Attorney-General Aiyaz Sayed-Khaiyum highlighted a few tax-free incentives that Government had announced in the 2019/2020 National Budget that will encourage private sector investment in the capital markets.

“There are number of policies that have been outlined in the 2019/2020 National Budget that will encourage private sector participation in the economy including the financial markets,” Mr Sayed-Khaiyum said.

“One of the major announcements made was for any investment made by private companies other than financial institutions that invest in Government Bonds will not attract any income tax or corporate tax in that matter even dividends or interests won’t be taxable.”

He said Government hopes these incentives will encourage more private sector space.

South Pacific Stock Exchange (SPX) chairperson Dr Nur Bano Ali commended Government for their continuous support in creating such incentives for the capital markets to encourage private sector investment in the country.

 

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