10 May, 2010

Seminar - "Are superannuation assets safe in developing countries of the Pacific Region? A comparative study of Papua New Guinea and Fiji?"

The Faculty of Business and Economics, School of Economics, University of the South Pacific is organising a seminar on the topic, "Are superannuation assets safe in developing countries of the Pacific Region? A comparative study of Papua New Guinea and Fiji" by Matthew G Hasu on Friday, 14 May 2010, from 2pm to 3pm, at Room ISO33, FBE Building, University of the South Pacific, Laucala Bay, Suva. The safety of superannuation funds throughout the world, and especially in developing countries, has become a critical issue, especially because of the wide-ranging damaging impacts of the recent global financial crisis. This seminar presentation examines the safety of superannuation assets of two developing countries from the Pacific Region, Papua New Guinea and Fiji, using Australia’s recent experience as a guide. While this analysis reveals that superannuation funds in these countries are growing in terms of their membership and net asset values, there are still a number of critical measures that need to be undertaken to try and safeguard the safety of these two superannuation funds. Matthew Hasu is a PNG national with considerable experience in the fields of accounting, banking, project management and financial management. He has had wide work experience as the Chief Finance Officer for PNG Mamagraun Conservation Trust Fund Ltd; Assistant Manager (Finance and Administration) for Parker Drilling Company of PNG; and Senior Financial Accountant/Special Projects Accountant for Airlines of PNG. Mr Matthew Hasu recently completed an MSc in Finance & Accounting at the University of Westminster, London. His Masters thesis is the topic of this seminar. The seminar will be chaired by Professor Wadan Narsey. For further information, please call Ms Bhavna Ram on telephone (679) 3232547 or email: ram_b@usp.ac.fj. Light refreshments will be provided.

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