Business

Holistic approach to overcome border security challenges

THE Fiji Revenue and Customs Service investigated four cases regarding vehicle smuggling rackets involving 13 vehicles in 2019. FRCS chief executive officer Visvanath Das said: “We uncovered the modus operandi being used is accident and...

150,000 businesses expected to register online

ABOUT 150,000 businesses would be expected to register online during the Registrar of Companies digital registration process. The digital registration began on January 15 and is expected to continue for nine months. While speaking to Legal Aid Commission support staff in Natadola over the weekend, Attorney-General Aiyaz Sayed-Khaiyum said the initiative under the Digital Fiji...

19th January

Ashok: Raiwaqa Buses is not a charitable organisation

RAIWAQA Buses Limited is not a charitable organisation to accommodate students with no funds in their e-ticketing cards. These were the comments made by the company’s managing director, Ashok Kumar, during an interview with this newspaper. “I have a business to sustain and workers to pay, this is a not a charitable organisation,” Mr Kumar...

18th January

Supreme Court rejects plea for relief on $13 billion telco levy; Vodafone tumbles

NEW DELHI (Reuters) – Shares of Vodafone Idea fell as much as 40% on Friday, losing $975 million in market value, after India’s top court rejected mobile carriers’ petitions for a review of its order to pay billions of dollars in levies to the government. India’s mobile carriers had filed petitions to review an October...

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 Co-operative Dairy Company Ltd in 2010. Mr Rabuka said the procedures were laid out in the 2005 Finance Instructions issued...

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...

E-Edition