Congress cancelled amid COVID-19 uncertainty

South Pacific Stock Exchange board chairperson Dr Nur Bano Ali with Terrappin managing director Sean Willis during the World Exchange Congress signing at the Grand Pacific Hotel in Suva. Picture: FILE/JONACANI LALAKOBAU

The World Exchange Congress which was to be held in Fiji and hosted by the South Pacific Stock Exchange (SPX) has been cancelled.

The SPX in consultation with Terrapinn Holdings Ltd (Terrapinn), which was the international event manager, announced the cancellation of the congress yesterday.

The congress was stated to be an annual meeting for CEOs and senior executives of the world’s trading venues and was initially planned to be held from June 2 to June 4, 2020.

SPX stated the congress was postponed in March 2020 amid the emergence of the COVID-19 pandemic and given its imminent impact on the success of the event because of the involvement of international delegates from multiple countries anticipated to be part of the event as attendees and as speakers.

SPX chairwoman Dr Nur Bano Ali said the SPX and Terrapinn have maintained regular consultation to assess various planning and logistical matters surrounding the congress, including the health and safety concerns of all of those intending to be part of the event.

“Attention has also been given to ongoing international travel restrictions imposed on many countries worldwide, the closure of international borders and the involvement of various stakeholders in ensuring the successful hosting of the event in Fiji,” she said.

“In view of the above with circumstances beyond SPX’s control and the prolonged delay caused by the COVID-19 pandemic, the SPX has now made a decision to cancel the congress as this decision, while regretful, had to be practically made.”

The SPX stated it would like to thank all its stakeholders for their understanding and providing support to them in undertaking this decision.

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