Business

1st July

New prices in effect: Motorists to pay extra at the pump

Motorists will have to fork out more at the pump as of today. The Fijian Competition and Consumer Commission (FCCC) announced a massive increase in motor spirits up by 36 cents per litre from $3.08...

27th June

Foreign investment interest noted

The Fiji Immigration Department has noted an upward trend in foreign visitors showing interest to invest locally. Acting Immigration director Amelia Komaisavai noted this during the Fiji-New Zealand, New Zealand-Fiji Business Council’s annual conference in Nadi. “Fiji Immigration is facilitating investment permits on business projects approved by Investment Fiji so during the period of 2018-2019,...

Call to monitor traders; businesses still charge VAT on 21 zero-rated items – A-G

Attorney-General and Minister for Economy, Aiyaz Sayed-Khaiyum has called on the Fiji Revenue and Customs Service to monitor businesses who are still charging value-added tax on items that should be zero-rated. “So even though the VAT was reduced by 10 per cent, there are still some companies that have not implemented the new prices. “We...

Commercial nursery to boost sustainable supply of kava

Fiji Kava Ltd, an Australian-Fijian medicinal kava company producing natural ‘noble kava’ products, has commissioned a new commercial kava nursery at Tutu Rural Training Centre (Tutu) in Taveuni to strengthen its supply chain in Fiji. The nursery is a co-investment by long-standing partners Fiji Kava and the Australia and New Zealand supported Pacific Horticultural and...

TTS launches new car rental franchise

Toyota Tsusho (South Sea) Limited (TTS) has launched its new car rental franchise – Payless Car Rental – in response to growing demand since the borders reopened to international tourism. With locations in Nadi and Suva, the new rental company will provide a range of Toyota cars for hire including Yaris and Corolla. In a...

26th June

$2.6bn to revive Fijian economy during COVID-19 pandemic

The Reserve Bank of Fiji injected about $1.6 billion into the banking system during the COVID-19 pandemic, said Governor of the Reserve Bank of Fiji, Ariff Ali. He made the comments while speaking at the Fiji New Zealand and New Zealand Fiji Business Councils 2022 Joint Conference yesterday. He said RBF also invested in Government...

Recognition for Fiji women entrepreneurs

The immense work carried out by Fijian women entrepreneurs was acknowledged at the Fiji New Zealand and New Zealand Fiji Business Councils 2022 joint conference on Denarau Island on Friday. The president of the Fiji New Zealand Business Council, Renu Chand, noted the acknowledgment at the Fiji New Zealand and New Zealand Fiji Business Councils...

New opportunities: 5000-plus Fijian companies record trade in New Zealand

More than 5000 Fijian companies have recorded trade in New Zealand over the past five years. Fijian President Ratu Wiliam Katonivere said this when he officiated at the official opening of the Fiji New Zealand and New Zealand Fiji Business Councils 2022 joint conference in Nadi yesterday. Ratu Wiliame said farmers who practiced mixed cash...

25th June

ADB approves $150m in loans for pandemic recovery efforts and climate resilience

The Asian Development Bank (ADB) has approved $150million in loans to help Fiji recover from the COVID-19 pandemic and build resilience against climate and disaster risks. The loan agreements were signed yesterday in Suva by Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum and Regional Director of ADB’s Pacific Subregional Office in Fiji Aaron Batten. “This...

Commercial and housing project launched

A $13-15 million housing and commercial project was launched yesterday at Lavusa in Nadi by JR Group (PTE) Ltd. The project is in partnership with Mataqali Werelevu of Dratabu Village in Nadi. “The Lavusa Development at Togo Rd, Lavusa Nadi, is a unique development which fosters true partnership approach with the landowners,” said company director...

24th June

Fijian Government has not decided whether to attend 2022 G20 Summit

The Fijian Government has not decided on whether it will attend the 2022 G20 Summit in Bali, Indonesia, in November in its capacity as Pacific Islands Forum Secretariat (PIFS) chair. This, according to Attorney-General and Economy Minister Aiyaz Sayed-Khaiyum during an interview after the 2022-2023 National Budget Consultation at the Fiji National University in Samabula,...

Sayed-Khaiyum: Fiji has not borrowed money from China since 2012

The Fijian Government has not borrowed money from the Chinese since 2012. This, according to Attorney-General and Economy Minister Aiyaz Sayed-Khaiyum during the 2022-2023 National Budget consultation at Fiji National University in Suva yesterday. “Before 2007, we built the Nadarivatu Dam, the dam was going to be started, the World Bank was going to fund...

FNPF announces 6 per cent interest for members

The Fiji National Provident Fund (FNPF) today announced a 6 per cent interest which will be credited to members’ accounts on June 30 (2022). FNPF chief executive officer Viliame Vodonaivalu said the Fund had paid out close to $1.6 billion in interest to members in the past five years. At a press conference this morning,...

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