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Fiji Time: 12:35 AM on Friday 21 June

/ Front page / Business

Under watch

Elenoa Baselala
Saturday, August 18, 2012

THE sale of Post Fiji Limited would depend on its performance following the appointment of a new board, permanent secretary of Finance, Filimone Waqabaca said.

Mr Waqabaca said PFL was still part of the government's reform plans whereby private sector and management of the company was being sought as announced at the 2012 Budget announcement.

"Their performance is being monitored in the meantime, likewise other public enterprises that have been earmarked as we work towards the reform plan," Mr Waqabaca said.

The PS was at the launch of the Post Fiji and Vodafone M-PAiSA's partnership to offer mobile money service.

Mr Waqabaca deemed the partnership as a step forward in financial inclusion.

In his speech at the launch, PFL chairman Lawarence Tikaram alluded to the direction the company would take.

"We can only become more commercially viable if we are to enter in commercial viable arrangements to ensure longevity of this business," he said.

"We believe ventures of this sort will add to the many needed additional revenues streams PFL needs to engage in, to ensure we achieve our goals in raising economic wellbeing of PFL through a better working environment for our employees now and for the future.

"PFL in its endeavors to venture out to raise its performance for the future while looking after the present, will continue to invest in maximising its business opportunities, which not only provides a different avenue for our customers but ensures it, builds on our capacity which is our strength."