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Reserve Bank of Fiji provides conditional approval to Kina Securities Limited


Reserve Bank of Fiji provides conditional approval to Kina Securities Limited
Reserve Bank of Fiji provides conditional approval to Kina Securities Limited
Reserve Bank of Fiji Governor Ariff Ali. [Image: File Photo]
The Reserve Bank Board has resolved that a conditional approval be granted on Kina Securities Limited’s application to take over Westpac Fiji.
The Westpac Group had announced on 7th December last year, its intention to sell the Westpac Pacific Business (Westpac Fiji and Westpac’s 89.91% stake in Westpac Bank PNG Limited) to Kina Securities Limited, subject to regulatory approvals in Fiji and PNG, and Kina Securities shareholder approval. ....

Papua New Guinea , Kina Securities Fiji Pte , Westpac Bank , Westpac Group , Bank Board , Kina Securities , Reserve Bank Board , Kina Securities Limited , Westpac Pacific Business , Westpac Fiji , Pte Limited , Ariff Ali , Reserve Bank , பப்புவா புதியது கினியா , வெஸ்ட்பேக் வங்கி , வெஸ்ட்பேக் குழு , வங்கி பலகை , கீந பத்திரங்கள் , இருப்பு வங்கி பலகை , கீந பத்திரங்கள் வரையறுக்கப்பட்டவை , வெஸ்ட்பேக் ஃபிஜி , ட் வரையறுக்கப்பட்டவை , இருப்பு வங்கி ,

Westpac leading indicator plunges - MacroBusiness


MacroBusiness
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Westpac with the note:
The growth rate in the Leading Index peaked at 5% back in November last year shortly after 22 consecutive negative prints and a particularly large -6% during last year’s national COVID lock-down. It has since fallen back to 1.34%, still comfortably above zero and therefore signalling the outlook for above trend growth.
On July 20 Westpac revised its near-term growth forecasts to take account of the lock-downs in both NSW and Victoria. We now expect that the NSW economy will contract by 3.1% in the September quarter and the Victorian economy will contract by 0.1%.
That assumes the NSW lockdown will last a total of eight weeks and the Victorian lockdown three weeks. Contractions in the two biggest states will mean that the national economy is likely to contract by 0.7% in the September quarter. ....

New South Wales , Bank Board , Leading Index , Expectations Index , Reserve Bank Board , August Board , புதியது தெற்கு வேல்ஸ் , வங்கி பலகை , முன்னணி குறியீட்டு , எதிர்பார்ப்புகள் குறியீட்டு , இருப்பு வங்கி பலகை , ஆகஸ்ட் பலகை ,