Business

Vodafone warns on calls

IF you have received missed calls from Yemen like I have today, it’s probably from someone trying to scam you. Vodafone Fiji has released a statement today warning its users to be vigilant regarding incoming international calls from unknown international numbers. “Some of these calls maybe coming from scam operators based in other countries with an...

Post STC-Keni: FNPF mobilises team to Kadavu

KADAVU is now the focus for the Fiji National Provident Fund (FNPF) as it mobilises its team to assist members in accessing funds under the Natural Disaster Assistance scheme. The focus has shifted from the Western Division to the islands battered by Severe Tropical Cyclone Keni earlier this month, which left a trail of destruction...

Damodar City Labasa by 2019

CONSTRUCTION of the multimillion dollar Damodar City Labasa should start in the next three to four weeks. Damodar Group CEO, Div Damodar confirmed the construction of the $40million (m) venture would be in three phases. The first phase to be completed within a year and worth $15m would include a supermarket, 24 retail shops and...

Fiji’s visitor numbers up in first 3 months

VISITOR arrivals to Fiji increased by 5.1 per cent over the January to March period of this year, up from 163,226 to 171,504 arrivals when compared with the corresponding period in 2017. The Provisional Visitor Arrivals for March 2018 released by the Fiji Bureau of Statistics (FBOS) noted that the March arrivals also experienced a...

FNPF organises retirement expo

HUNDREDS of people turned up for the Retirement Expo in Suva today where financial institutions are advising members of the public on different investment plans they can sign up for to save for the future. At the Fiji National Provident Fund Plaza, commercial banks, finance companies, and government stakeholders have set up booths to help...

Labasa consumer complaints worth $1.6m

COMPLAINTS from consumers in Labasa was worth more than $1.6million in the past five years.

Barclays chief Staley survives whistleblowing inquiry with fines

By Lawrence White and Huw Jones LONDON (Reuters) – Barclays <BARC.L> said Jes Staley will be fined by British regulators for attempting to unmask a whistleblower, but will be able to keep his job as the bank’s chief executive. The country’s banking watchdogs concluded Staley’s attempt to find out who wrote a letter raising “concerns...

Coca Cola Games: Jasper dethrones Commonwealth rep

TULIANA Tinai of Jasper Williams created an upset by winning a gold medal over favorite and 2018 Commonwealth Games rep Shawntell Lockington in the intermediate girls high jump.

ASPIRE to inspire leadership

DIGICEL Pacific this morning launched ASPIRE, a 12-month leadership program aimed at building leadership capacity by equipping and empowering its leaders to take on more strategic roles. Digicel regional CEO Colin Stone said the program was designed to provide leadership training for high potential Digicel staff to support and prepare them to move into future...

Fund stages retirement expo

Fiji National Provident Fund (FNPF) CEO Jaoji Koroi says it’s unfortunate that policies over the years allowed members to withdraw funds from their accounts excessively. Mr Koroi made the comment during his opening remarks at the FNPF Retirement Expo announcement in Suva this morning.

Possible increase in yaqona production

THE increase in yaqona production will be felt in the next one or two years. This was told to Parliament by Acting Agriculture Minister Osea Naiqamu earlier this . He said Fijians must be mindful of the effects of climate change which could hamper the efforts of farmers. Mr Naiqamu said more than 300,000 yaqona...

Creating paper dreams

COMBINING a love for research, fashion and working with her women’s group, Vuci based Miriama  Ligairi Naqaravatu is quickly making a name for herself as a jeweller. The modest Vuci based Cakaudrove native said her budding jewellery business was little bit more than a hobby which is now beginning to make her some money. Made...

Fiji’s national budget date set

GOVERNMENT will announce the 2018/2019 National Budget on June 22. The Attorney-General, Aiyaz Sayed-Khaiyum, made the revelation in Parliament yesterday. While talking on budget consultations for 2017/2018, the A-G yesterday told National Federation Party leader and Opposition member of Parliament Professor Biman Prasad that his question about the Prime Minister’s salary and the allowances of...

US retail sales rebound in March

WASHINGTON – US retail sales rebounded in March after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into the second quarter with some momentum. Economists saw a limited impact on retail sales for now from a recent ebb in consumer sentiment, citing a...

Boring Company raises $228m equity

ELON Musk’s Boring Company has raised $US112.5 million ($F228m) in equity, the firm said in a regulatory filing on Monday, as it seeks to build underground tunnels for its hyperloop transportation project. Mr Musk, who also leads electric vehicle maker Tesla Inc and rocket company SpaceX, is seeking to revolutionise transportation by sending passengers packed...

Bauer better placed

SCHROBENHAUSEN, Germany – Bauer, a big producer of construction equipment, is better placed than many German companies that invested heavily in China over the past few decades. The Bavaria-based firm, which traces its roots back to 1790, does not have to worry about keeping a Chinese joint venture partner happy because it is the sole...

Gaps in deep sea mining regulatory regime

PACIFIC Islanders have already suffered negative consequences as a result of mere exploratory mining in the region, says author Julian Aguon, attorney and founder of Blue Ocean Law. Blue Ocean Law is a law firm that works throughout the Pacific region to defend and advance the rights of colonised and indigenous people. “Our work has...

Bank extends applications deadline

WESTPAC Fiji has extended the closing date for applications on its annual women and girls education grants for this year. The bank announced the extension yesterday because of the devastation caused by the recent severe weather and Tropical Cyclone Josie. Applications for the education grants, which were launched earlier last month, will now close on...

Tax dollar impact

TAXES are a mandatory financial charge or levy imposed upon by the government in every country in order to fund various public goods and services. A failure to pay, or evasion of or resistance to taxation, is punishable by law. With higher tax collections not necessarily meaning high tax rates, the government is able to...

Convenient service

A NEW service launched by Westpac Fiji recently has received a great response from their business customers. In a statement issued yesterday, Westpac Fiji general manager Brett Hooker said their business customers lodged deposits through their newly launched Business Express Deposits via the Westpac Suva Branch Express Deposit Machine. Mr Hooker said business customers completed...