2 Jun 2014

Fiji stock exchange advised to form alliances

6:30 am on 2 June 2014

A lecturer from Australia's Griffith University says the South Pacific stock exchange could benefit from stronger relationships with exchanges in Papua New Guinea and Australia.

Parmendra Sharma says a recent meeting of financial experts in Fiji discussed ways of trying to boost the South Pacific stock exchange towards greater activity.

He says it is widely know the exchange is not really moving much.

"While it has been there, it has been in operation for a number of years now, for about three decades or so; it has remained small and ill-liquid and inactive. The Prime Minister even went to the exent of saying that the stock market has remained stagnant over many years."

Parmendra Sharma says further discussions on strategic alliances are likely in the next few days.