Business

Rabuka urges FICAC to probe tender

OPPOSITION Leader Sitiveni Rabuka yesterday lodged a complaint against Government to the Fiji Independent Commission Against Corruption (FICAC) for failure to comply with government financial procurement procedures in appointing consultants to the restructuring of Rewa...

17th January

9.2pc growth for insurance industry

In 2018 the total assets of the Fijian insurance industry grew by 9.2 per cent or $95.5 million to $2.8 billion. This was supported by the life insurance sector as revealed by the Reserve Bank of Fiji governor, Ariff Ali during the submission to the Standing Committee on Economic Affairs on the Reserve Bank of...

16th January

Fisheries Ministry outlines 2020 targets

WITH huge economic potential within the aquaculture industry, the Ministry of Fisheries is looking at finalising a number of projects within the sector. In a statement, Fisheries Minister Semi Koroilavesau said this year the ministry would finalise infrastructure work its Caboni Hatchery in Ra. Mr Koroilavesau said once this was done, they were looking towards...

No more free rides on buses

OVER the past three days, thousands of students around the country whose bus concession cards have not been topped up have been travelling on buses free, says the Fiji Bus Operators Association (FBOA). In a special general meeting yesterday, the FBOA decided that operators would stop transporting students who did not have funds in their...

15th January

Man capitalises on his art to earn a living for his family

HOTELIERS from as far as the West and the North have travelled to Nawaisomo Village in the interior of Naitasiri to purchase Marika Rasaubale’s famed bamboo plaited walls. The 67-year-old father and grandfather who almost lives as a hermit, spends his days meticulously perfecting his art which has been sought far and wide by resort...

Trade ban on HFC products by 2033

FIJI could phase out Hydrofluorocarbons (HFC) products from 2024 with a trade ban following in the year 2033. This was revealed by the permanent secretary of the Ministry of Industry, Trade and Tourism Shaheen Ali yesterday during their submissions to the standing committee on Foreign Affairs and Defence. He said this would be the impact...

14th January

ROC digital registration begins tomorrow

THE digital registration process with the Registrar of Companies (ROC) is a free and one-time requirement and will commence from January 15, 2020. All business names and companies, including foreign companies registered before 14 June 2019, must digitally register with the ROC. As per the Fijian Government’s commitment to delivering better, faster and more efficient...

Market outlook – Stock trading focus in 2020

THE South Pacific Stock Exchange (SPX) plans to continue to position itself as a service-driven and operationally excellent organisation while promoting various universal core values of trust, integrity, ethics and accountability which form the fundamentals of SPX operations as a frontline regulator for the stock market. In its 2019 stock market analysis, the exchange highlighted...

13th January

Report: FNPF released 886 property titles in 2019

FIJI’S superannuation fund released 886 property titles to members and the banks last year. In its 2019 annual report, the Fiji National Provident Fund (FNPF) stated it was actively discharging all property titles belonging to members who withdrew for housing assistance prior to November 2014. The fund stated that while 886 property titles were released...

RBF and FBoS sign data sharing agreement

A MEMORANDUM of Understanding (MOU) that will further facilitate and coordinate data sharing was signed last Friday by the Reserve Bank of Fiji (RBF) and the Fiji Bureau of Statistics (FBoS). According to a statement issued by the Reserve Bank, the MoU is expected to improve the quality of data gathering and analysis that will...

‘More cash in rice farming than cane’

AGRICULTURE Minister Dr Mahendra Reddy told farmers in Rakiraki that there is more money in rice farming than sugarcane farming. He urged farmers to take up rice farming, saying “never ever will you make this money in sugar cane”. “One tonne of cane currently is $85, to produce one tonne what is the cost, somebody...

Rabuka: Government to blame for bus industry mess

GOVERNMENT is to blame for the bus industry mess, says Opposition Leader Sitiveni Rabuka. He said the collapse in recent months of at least three bus operators reflected the lack of vision of the Bainimarama Government in the transport industry. “While good sense has prevailed as the HFC Bank stepped in with a lifeline to...

Reddy: Agriculture ministry no longer pursuing import substitution

IMPORT substitution is no longer an avenue that the Ministry of Agriculture is pursuing, says Minister for Agriculture Dr Mahendra Reddy. While speaking to farmers at Tunalia, Nadi last week, he said the ministry was looking at other avenues to improve its exports and reduce imports of agricultural products. He said Government’s efforts to protect...

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