Fiji Time: 8:13 AM on Sunday 1 February

Fiji Times Logo

/ Front page / News

FCEF welcomes move

Felix Chaudhary
Saturday, November 24, 2012

THE Fiji Commerce and Employers Federation has cautiously welcomed the removal of the $250,000 minimum investment requirement.

Chief executive officer Nesbit Hazelman said the move by the government would entice investment but required close monitoring of investors to ensure fly-by-night operators do not misuse the incentive.

Prime Minister and Minister for Finance Commodore Voreqe Bainimarama announced the changes as he announced several tax initiatives aimed at attracting new investments.

"We note the work government has committed towards attracting investment, to this end it is pleasing to note that government will remove the $250,000 investment threshold criteria.

"This particular prerequisite was an impediment to growth and investment.

"The FCEF welcomes the removal of this minimum investment requirement and this should see increased investments and growth of new industries in the country.

"I am sure that government will have processes in place to monitor and vet investors and the onus will be on Investment Fiji (IF) and the Financial Intelligence Unit (FIU) to ensure that these processes are effective in identifying serious investors into the country and weeding out bogus business."





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. Wife tells of sorrow
  2. On the hunt
  3. 7s recall
  4. Justice to the brave
  5. Tears of joy roll
  6. Workers warned to follow the rules
  7. Community mourns loss
  8. Murder suspect in custody
  9. School gifts for Nilesh
  10. Groundbreaking ceremony for $1.5m NFA complex

Top Stories this Week

  1. Killer on the loose Friday (30 Jan)
  2. Who let our boy go swimming Thursday (29 Jan)
  3. Fake tabua inquiry Thursday (29 Jan)
  4. Old market to turn into live fish shop Tuesday (27 Jan)
  5. FRCA terminates officers Tuesday (27 Jan)
  6. Things you didn't know about Kuridrani Monday (26 Jan)
  7. Community in shock Friday (30 Jan)
  8. Man charged for assaulting daughter Monday (26 Jan)
  9. Tragic end to tour Wednesday (28 Jan)
  10. New-look bus station plans Tuesday (27 Jan)