Fiji Time: 5:50 PM on Monday 30 March

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. Champions
  2. Road accidents claim five lives over the weekend
  3. Memories of the little man in the HK 7s
  4. Fiji avenges last loss
  5. Man finds body
  6. Steele in high demand
  7. Nacuqu helps team to retain Tens title
  8. Children wow parents
  9. Sunday with style
  10. MOB raise funds

Top Stories this Week

  1. Rape on duty Wednesday (25 Mar)
  2. INQUIRY: Baby given wrong injection Friday (27 Mar)
  3. HK 7s risk Thursday (26 Mar)
  4. Kepa clarifies position Tuesday (24 Mar)
  5. Fiji 7s inspires college in win Wednesday (25 Mar)
  6. Strong start Friday (27 Mar)
  7. Champions Monday (30 Mar)
  8. Key to new home Thursday (26 Mar)
  9. 'Ruthless' Sunday (29 Mar)
  10. $8k fortnightly income Thursday (26 Mar)