Business

Support for businesses – BLP’s adaptation grant provides hope for SMEs

It has been nearly two years since Fiji’s business economy has been fighting a ruthless battle to survive this global pandemic and to sustain their businesses. COVID-19 has forced many businesses to step out of...

E-commerce package for small businesses

A collaboration between Westpac Fiji and Fiji SME Business Owners Network will see the launch of a new e-commerce package that will make it easier for small businesses to understand the financial security required as well as the end-to-end setup processes to access the online payment service. A statement from Westpac Fiji yesterday said the...

Boost for border protection

The introduction of new trace detection device at our international borders is a timely boost for Fiji’s border security system as Fiji prepares for reopening of its international borders. Fiji Revenue and Customs Service (FRCS) board chairman Mahmood Khan made the statement at their FRCS office in Nadi yesterday to acknowledge the assistance from the...

New Zealand and Fiji’s partnership targets illicit trade

Fiji’s border protection will be further enhanced with the introduction of new trace detection device at our international borders, thanks to the New Zealand government. Fiji Revenue and Customs Service (FRCS) Board chairperson Mahmood Khan acknowledged the support of the NZ government saying the assistance was a timely boost for Fiji’s border security system as...

Westpac Fiji and SME Business Owners Network to launch new e-commerce package

Westpac Fiji and Fiji SME Business Owners Network are collaborating to launch a new e-commerce package that will enable more small businesses to access an online payment gateway and to make online payments possible. In a statement, Westpac Fiji chief executive Kip Hanna said they were pleased to partner with Fiji SME business owners and...

19th October

‘Significant decline’ in two-way trade between Fiji and New Zealand

The pandemic has had a huge effect on trade between New Zealand and Fiji, as the $1.1 billion two-way trading relationship had dropped to around about $550 million in the year to June 2021. This was according to New Zealand Trade Commissioner to the Pacific David Dewar, who said a large part of that was...

Fiji’s construction sector prepares for surge

As far as the construction industry in Fiji is concerned, it has been affected quite significantly as people in the sector were unable to work for long periods of time. According to Construction Industry Council (CIC) president Gordon Jenkins, the only way a contractor was to make ends meet was to make money by working....

Under-spending due to tight control, says Gounder

The under-spending of $485 million in the 2020-2021 budget was due to tight control on public spending and the under-utilisation of certain budgetary allocations, said Shiri Gounder, the acting permanent secretary for the Ministry of Economy. He said the tight public spending and not using budgeted amounts was “due to the prevailing circumstances during the...

New subsidy program targeted at Pacific exporters

Pacific Trade Invest New Zealand (PTI NZ) has launched a new subsidy program that is aimed at to benefit Pacific exporters struggling with soaring freight costs. The scheme is earmarked to support exporters across the Blue Pacific coping with the pandemic impact on transport sector fees. The Freight Subsidy Programme (FSP) is a joint initiative...

18th October

OAG: Audit impact not shown

The Housing Authority did not show what impact an audit on lot allotment had on its financial statement in 2020. This, according to the Office of the Auditor-General in its 2019-2020 audit report on Public Enterprises and Other Entities tabled in Parliament last month. The Housing Authority board chair had requested the Auditor-General on July...

Clothing chain revamps outlet

Value City (SP) Pte Ltd (VC) officially reopened their refurbished Challenge Plaza (formerly Vivrass Plaza) branch after nearly six months. Father Mikaele Tikoisuva of Saint Joseph the Worker Parish in Tamavua led members of staff and management for a blessing of the shop that had been revamped from floor to ceiling with new counters and...

16th October

FHL Group attributes net loss to ‘drastic impacts’ of COVID-19

Publicly-listed Fijian Holdings Limited (FHL) Group recorded a net loss after tax of $17.597million in its 2021 financial year. Compared to the last financial year, the Group had recorded a profit after tax of $6.043m. The company said the performance was attributable losses incurred by its major subsidiaries, including South Sea Cruises Pte Limited (SSC),...

Australia’s Qantas to sell land for $595 million to cushion pandemic blow

SYDNEY (Reuters) -Australia’s Qantas Airways Ltd said on Friday it had agreed an A$802 million ($595 million) deal to sell land near Sydney Airport to a consortium led by LOGOS Property Group to reduce debt, as the carrier recovers from pandemic lows. Settlement of most of the lots is expected in the current half ending...

15th October

Chand puts state aid to good use

The founder and owner of Botanical Infusion – Shayal Chand – believes that nothing is impossible in life when one is focused and determined. The 26-year-old Bachelor of Science in biology/chemistry graduate from University of the South Pacific recently started her own business with the $360 government assistance. Ms Chand was working for a real...

14th October

Firm sets up new tech store – Technology at its best

Court has launched a new Cyber City in Courts Nakasi as the company plans to grow its store network and expand their range of products as well as services even further. According to a statement from Courts, this will provide Nasinu and Nausori customers with a huge range of technological products and solutions. “Whether you...

Protecting our vulnerable

A year ago, the Fiji Hotel and Tourism Association (FHTA) was talking about Fiji’s readiness to welcome back international visitors when our borders reopened. At the time, Fiji had just opened up its Blue Lane initiative and launched its VIP Lane, which when fully operational, were extremely popular with high-end visitors eager to sit out...

Group reaps rewards of successful business venture

The $15 earned from a grass cutting business in Martintar, Nadi a year ago has reaped rewards for a group of men who lost their employment to the COVID-19 pandemic. They have successfully registered Trinity Brothers, a Nadi-based business which specialises in construction and landscaping. Founder Ledua Lesumailepanoni said the business started off with three...

Resort ranks in top 15

CONDÉ Nast Traveler has placed Tokoriki Island Resort in the Top 15 Resorts prestigious Readers’ Choice Awards 2021. According to a statement from the company, readers across the globe submitted 800,000 votes and voted the accommodation as #8 Top Resort in Australia and the South Pacific. General manager Robert Ring said this award was a...

Asco Motors new renovated building near completion at Nabua. Picture: RAMA

Vehicle shortage – Car dealer experiences delay in production of Toyota models

Asco Motors is experiencing delays in the supply of Toyota models which is affecting the company’s ability to meet customer demand in a timely manner. The company announced this in a statement on Tuesday. Asco Motors are the distributors of brand-new Toyota vehicles in Fiji and according to the company, the delay is a result...

Grace Road opens $4million mart in Nadi

Grace Road Kitchen has opened another True Mart supermarket facility in Nadi. The $4million True Mart Sabeto was officially opened by Prime Minister Voreqe Bainimarama who commended the owners of Grace Group for continuing to invest in Fiji. He said the company has contributed immensely to Fiji’s economy through the expansion of their enterprises to...

Restaurant ready to welcome back patrons indoors

With restrictions on dine-in lifted, and businesses given the green light to operate at 80 per cent capacity, Lautoka-based Aamira Restaurant, which is located at the South Seas Club building, is ready to welcome back all their patrons. The eatery’s owner Hafiz Rahiman said although the business took a battering due to COVID-19, they are...

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