Fiji Time: 9:32 PM on Friday 28 November

Fiji Times Logo

/ Front page / Business

Call to formalise lease

Ropate Valemei
Saturday, November 24, 2012

PRESIDENT of the Fiji Islands Ratu Epeli Nailatikau has encouraged all small business operators to start formalising their land leasing arrangement or purchases.

Speaking at the Fiji Development Bank Small Business Awards, Ratu Epeli said this would act as their security if they wanted to expand their business.

"For instance, if the enterprise wants to borrow money, it must have assets that are formally registered to it, which can then be used as collateral for a loan," Ratu Epeli said.

Within the informal economic system, he said the presence of assets is evident — a nice home in the village, a plantation and/or a few heads of cattle "or if you hail from Kadavu, a few goats on mataqali land".

He said this was recognised as dead capital because of the absence of documentation to represent formal ownership.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Speaker changes her tune
  2. The spy among us
  3. Ready to shave
  4. Nacuva: Go by the letter
  5. Perfect gift
  6. 'In the middle'
  7. Extra funding
  8. $2m meditation centre opens
  9. Visit of a lifetime for students
  10. Learn to say stop

Top Stories this Week

  1. Deal on NZ jobs Monday (24 Nov)
  2. Couple return to Fiji after almost a decade Wednesday (26 Nov)
  3. Stop the bickering Tuesday (25 Nov)
  4. No regrets Tuesday (25 Nov)
  5. Indecent jokes warning Wednesday (26 Nov)
  6. President Xi leaves impression on leaders Monday (24 Nov)
  7. Jail terms for former Post Fiji executives Monday (24 Nov)
  8. LTA fires corrupt 4 Thursday (27 Nov)
  9. Biman: Budget boring Saturday (22 Nov)
  10. Man behind the change Wednesday (26 Nov)