TLTB signs deal with SPSE to increase landowner participation in stock market
The iTaukei Land Trust Board is taking steps to enhance the level of awareness and participation of landowning units in Fiji’s stock market, either through investment or capital raising. TLTB yesterday signed a memorandum of understanding (MOU) with the South Pacific Stock Exchange to be able to achieve this. With the signing of the MOU, TLTB is confident landowners in Fiji have the potential to participate actively in Fiji’s stock market. This is through the purchase of shares which will have an impact on the development of the economy as a whole. SPSE Chairperson, Nur Bano Ali said the partnership marked an important achievement for SPSE’s investor education agenda. “This MOU is the first of the many associations that the exchange would like to embark on with other key stakeholders,” Mr Ali said.
She also added the initiative was well-aligned with the Government’s National Development Plan and Capital Markets Master Plan Priorities. TLTB Board Member Ro Epeli Mataitini said the signing of MOU would definitely add value to TLTB’s land management services. “Through this MOU, TLTB will be well-equipped to create awareness and improve landowners’ understanding on investment opportunities that are currently available in Fiji’s stock market,” he said.
SPSE chief executive, Latileta Qoro, commended the board and the Executive Management of TLTB for the partnership. “The MOU priority is to ensure that land owning units become informed investors who are able to confidently make sound investment decisions,” she said. The MOU would involve the joint formulation and implementation of an annual investment literacy plan of activities and information sharing sessions between TLTB and SPSE.