Fiji Time: 11:59 AM on Wednesday 22 October

Fiji Times Logo

/ Front page / Business

Policies spur growth

Tevita Vuibau
Friday, November 30, 2012

GOVERNMENT fiscal policies continue to impress local businesses with supermarket chain Newworld crediting the progressive budgets of the Bainimarama government for spurring growth in the local economy.

Newworld Limited chief commercial officer Govind Yajurvedi remained adamant and said new development projects like the Damodar City complex in Raiwai were a sign of government fiscal policies positively affecting the economy.

He made the comments after Newworld Limited became the latest company to lease store space in the complex that will open in the first quarter of next year. "This is a sign the economy is improving. In the last couple of years, there have been progressive budgets and a lot has been done for the community and for business," Mr Yajurvedi said.

"With that, we are very optimistic that we will be doing well and the Fiji economy is on an upward track," he said.

Mr Yajurvedi said policies in this year's budget like the declaration of the Korovou-Tavua area as a tax free region greatly interested Newworld Limited.

"The government has come out with its incentive schemes from Tailevu to Tavua and we are looking into those opportunities if there is anything for us there," he said. With the year about to come to an end, Mr Yajurvedi said business for Newworld Ltd had improved from 2011.





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. Budget overspent
  2. $20m in excess
  3. Finance scrutiny
  4. $11.9m in arrears
  5. No spending ledger maintained
  6. Military overspends
  7. Financial boost for hospital's oncology unit
  8. Anomalies in books
  9. Poor control of permit database
  10. Cyclone season looms

Top Stories this Week

  1. False rumours warning Friday (17 Oct)
  2. Death shocks family Monday (20 Oct)
  3. Biman gets nod Saturday (18 Oct)
  4. Law and order Thursday (16 Oct)
  5. Detailed report Friday (17 Oct)
  6. Public access Tuesday (21 Oct)
  7. Inside Fiji sevens Tuesday (21 Oct)
  8. Praises for Fiji sevens team after win in Australia Thursday (16 Oct)
  9. 8-room home gutted Friday (17 Oct)
  10. Forgery suspect still in remand Tuesday (21 Oct)