Business

6th December

CEO: Airline continues to service loan from FNPF

Fiji Airways continues to service its loan from the Fiji National Provident Fund (FNPF) and has not defaulted on repayments. This according to FNPF chief executive officer Jaoji Koroi. He made the comment while speaking...

5th December

Council commends publication of list of qualified architects

The Fiji Association of Architects had last week published, via a public notice, the names of the 36 qualified architects who are registered under the Fiji Architects Registration Board. And the Consumer Council of Fiji has commended this move saying this means consumers could verify the credibility of architects before they are contracted or paid....

4th December

Rewarding achievement for resort and staff

This year has been difficult for resorts operating in the country however receiving international accolades have brought smiles on the faces of both the management and staff members. The 2020 HM Awards for Hotel and Accommodation Excellence was held in Sydney, Australia on November 27 with the Fiji Marriott Resort Momi Bay being the proud...

Business survival – Young entrepreneur diversifies to ensure continuity

The impact of the COVID-19 pandemic has been felt by almost all sectors of the economy with businesses, whether large or small and medium enterprises, coming out with innovative means to diversify their businesses in a bid to survive. Anushil Gounder owns and operates his petrol station, car wash and food and drinks business at...

Digicel store revamp in line with brand reboot

Digicel Fiji today reopened its Cumming St store after a revamp. Company chief executive officer Farid Mohammed  said the revamp was in line with their brand reboot. Mr Mohammed said they were focused on customer service and providing them with an enhanced digital experience. In addition to reopening its flagship store, Mr Mohammed also announced...

3rd December

64.3 per cent decline in job vacancies

The job market remains a concern as the Reserve Bank of Fiji noted a 64.3 per cent decline in vacancies in the year to October, compared with a decline of 1.4 per cent in the same period in 2019. In its November economic review the RBF stated that the decline in number of vacancies was...

Bid to encourage product diversification

The Fiji Crop and Livestock Council (FCLC) says by achieving and improving productivity and product diversification in traditional coconut production, it would be possible for farmers to attain sustainable incomes and improved livelihoods for their families, while contributing to overall poverty alleviation and enhancing nutrition security. Council chief executive officer Jiu Daunivalu made the statement...

AWEsome Fiji Christmas Fair at the park

The Sukuna Park in Suva is buzzing with women entrepreneurs from as far as Lautoka to showcase and market their products during the AWEsome Fiji Christmas Fair. US ambassador Joseph Cella said the fair was in partnership with the amazing new entrepreneurs from the Academy for Women Entrepreneurs (AWE). He said it was a beautiful...

Importation of used tyres

In this week’s Tax Talk, we will focus on policy and operational practice in relation to the prohibition on importation of used tyres under Customs (Prohibited Imports and Exports) Regulation 1986 (CPIER). The importation of used tyres was prohibited in Fiji from 2017. Prohibited and restricted goods In Fiji, prohibited and restricted goods are goods...

International mining day

The mining and quarrying sector plays an essential role in supporting our society to overcome its greatest challenges such as providing the materials needed to construct ventilators to save lives during the current COVID-19 pandemic or supporting the fight against climate change by supplying raw materials needed to construct and innovate renewable energy technology. This...

Resort business picks up

With current pandemic situation, the Shangri-La’s Fijian Resort is starting to pick up with business. “Currently at Shangri-La’s Fijian Resort we are bringing out 40 per cent of our total inventory at the moment,” resort’s resident manager Chris Hamilton said. However, events such as the Beach, Beats and Eats hosted by the resort have stimulated...

MOU paves way for investment options

With an objective to encourage its officers to save and invest for their future, the Fiji Police Force yesterday signed a memorandum of understanding with Unit Trust of Fiji, enabling them to invest in the facility. UTOF regional general manager and company secretary Sakiusa Bolaira said the MOU came with a lot of benefits. According...

Ready to assist

Commercial banks in the country have provided $3.5 billion worth of repayment holidays, loan restructures and interest only facilities to its customers. Association of Banks in Fiji chairman Rakesh Ram made the statement at the Fiji Chamber of Commerce and Industry Seminar on Business Outlook – 2021 and Beyond, Challenges of Working with COVID-19 at...

2nd December

FAA issues new first air certificate for Boeing 737 MAX since 2019

WASHINGTON/CHICAGO (Reuters) – The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing 737 MAX built since March 2019, the agency said on Tuesday. The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. The FAA is requiring...

Freesoul has no approval to work on Malolo, Environment director tells court

Freesoul Real Estate Development (Fiji) PTE Limited currently does not have any approval from the Department of Environment to carry out any works on Malolo Island. This was revealed by Environment Director Sandeep Singh while giving evidence during trial before Suva Magistrate Seini Paumau today. Ms Singh took the stand today and told the court that...

RBF: Personal remittances to Fiji increased in first 10 months

Personal remittances to Fiji increase by 7.3 per cent to $521.0m in the first 10 months of this year, the Reserve Bank of Fiji has reported. For the month of October alone, personal remittances totaled a record $69.0m, which represented a 29.5 per cent increase over the previous month, and an increase of 58.7 per...

Shell faces Dutch court as climate change activists demand end to emissions

AMSTERDAM (Reuters) – Royal Dutch Shell will face a Dutch court on Tuesday in the first hearing of a case brought on by environmentalist and human rights groups who demand the energy firm cuts its reliance on fossil fuels. Seven activist groups, including Greenpeace and Friends of the Earth Netherlands, filed the lawsuit in April...

Britain and EU warn that time is running out for Brexit trade deal

BRUSSELS/LONDON (Reuters) – Britain and the European Union warned each other on Monday that time was running out to reach a Brexit trade deal, with big differences still to be bridged on state aid, enforcement and fishing. The United Kingdom leaves the EU’s orbit on Dec. 31, when a transition period of informal membership ends...

1st December

Top award for crisis recovery program

A PROGRAM developed by locally based Six Sigma Academy Ptd Ltd has been named as the 2020 top award for crisis recovery program. The company was informed by the International board of Six Sigma Accreditations (IBSA) of its win. Chief assessor for the awards program, Dave Holtan said it was tough decisions as many organisations...

Access to digital money made easier

Launched  yesterday, Digicel’s mobile wallet aims to give its subscribers access to digital money — giving them the platform to send and receive money at no fees locally. Digicel Fiji chief executive officer Farid Mohammed said their new MyCash was part of their objective of being a digital operator with the goal of giving people...

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

$1.93m profit – Financial results $6.9m behind budget

The half year financial results for Toyota Tsusho (South Sea) Ltd, trading as Asco Motors in Fiji stood at $6.9 million behind budget, attributed mainly to the significant slowdown in the new vehicle and car rental business. Company chairman Masahiro Kumahara said the net profit after tax for the half-year ended September 30, 2020 was...

Unit Trust and Fiji Police sign MOU to encourage investment

Unit Trust of Fiji (UTOF) and the Fiji Police Force today signed an MOU that will enable men and women of the Force to invest with the trust. Acting Commissioner of Police Rusiate Tudravu said the focus of the MOU was the well-being of their officers, adding that he was happy that those at leadership...

ATH Group records increased half-year profit after tax

Amalgamated Telecom Holdings Ltd (ATH) and its group companies has recorded an interim and unaudited consolidated profit after income tax of $28.04million. This represents a 7 per cent increase when compared to $26.17m recorded for the corresponding period. In its half year result ending September 30, 2020 – as reported in a market announcement released...

Akbar urges young people to be innovative; new gaming shop opens

Fiji’s Minister for Education Rosy Akbar is urging young people to be innovative in what they do. She made the comment while officiating at the opening of a game shop called the Battlefield Stun Shop. Ms Akbar said it was pivotal for young people to have entrepreneurial skills. “What we are going through is beyond our control but...

30th November

Fijian Government to develop settlements

Government can only develop 43 out of the more than 250 informal settlements in Fiji, says Housing and Community Development Minister Premila Kumar. She made the comment during a public consultation on the draft Informal Settlement Lot Allocation policy in Sigatoka yesterday. “We have over 250 informal settlements and we have development leases for only...

RBF: Economic contraction for Fiji’s economy expected to be smaller than anticipated

As global economic conditions remain fragile with daily increases in new COVID-19 cases in many parts of the world – where the spread of the virus had previously been partly brought under control – the magnitude of this year’s economic contraction for the Fijian economy is expected to be smaller than initially anticipated. And Fiji’s...

FijiCare offers microinsurance bundled scheme in two Pacific islands

Publicly-listed company FijiCare Insurance Limited (FijiCare) has announced that it has now offered its microinsurance bundled scheme in Vanuatu and Kiribati. The company has piloted an insurance product that offered benefits of having both life and non-life insurance covers. This insurance product is not offered presently by any single insurer in the Pacific. According to...

PTI report: COVID-19 continues to have negative impact on businesses

The global COVID-19 pandemic continues to have a negative impact on businesses as borders remain closed. However, the extent and severity of impacts may be beginning to improve, with 79 per cent Fiji businesses reporting a negative impact, the lowest since tracking began. Pacific Trade Invest Australia recently released Pacific Business Monitor Fiji Focus 8,...

People fill up petrol yesterday as the new patrol price comes into effect from Monday. Picture: RAMA

New fuel and LPG prices come into effect on December 1

New fuel prices that come into effect from tomorrow will see motorists pay less for fuel while households will be forking out more for LPG. The Fijian Competition and Consumer Commission (FCCC) determined the new regulated prices after its review this month. The new retail fuel prices that come into effect tomorrow (Tuesday, December 1,...

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