Fiji Time: 12:03 PM on Thursday 27 November

Fiji Times Logo

/ Front page / News

PDP banks on economic principle

Nasik Swami
Tuesday, January 21, 2014

WITH the 2014 Election approaching, the Peoples Democratic Party (PDP) believes and subscribes to the principles of the "trickle down" economy.

The party believes that when businesses in the community do well, the benefit will trickle down to the average person in terms of generation of employment opportunities and increased wages.

"We will ensure that the business community has the liberty to run their business as they wish without government interference," party spokesperson Nirmal Singh said.

"Government should never tell a businessman how to run its affairs, in fact, the PDP will encourage business community to create and make wealth.

"PDP's policies will reflect the needs and aspirations of the business community and we believe that it is important to first restore confidence in our local business community to invest in Fiji before going out to attract foreign investment."

Mr Singh said when local business communities showed confidence in investing in Fiji and taking the risk, it would automatically attract foreign investment.

"An important prerequisite for investment is the certainty of economic policies. Business confidence is influenced by political and economic stability, certainty in, and predictability of, economic policies.

"Specific economic policies such as tax and other incentives, labour regulations, work ethics, social and economic infrastructure and costs of production are important considerations and PDP will be consistent with its policies and will not shift 'goal posts' at its convenience."

Mr Singh said PDP believed that small and medium size enterprises were the engines of growth, created employment and drove the economy.

"It is important that SMEs are provided necessary stimulus to conduct their business in a conducive environment without excessive requirements and legislation.

"We currently have several stringent local government and central government requirements for the registration and renewal of business licence and these have put immense pressure on businesses and several of them are now faced with closure."

"PDP will be a business friendly government."





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. LTA fires corrupt 4
  2. $610k overpayment
  3. Supermodels on show
  4. 10 years for rapist step dad
  5. Luveni: PAC will sit
  6. Balls and beard tourney
  7. A first for the school
  8. Businesswomen address concerns
  9. Report highlights voucher destruction practices
  10. $300k used for project

Top Stories this Week

  1. Budget Friday (21 Nov)
  2. Deal on NZ jobs Monday (24 Nov)
  3. Stop the bickering Tuesday (25 Nov)
  4. No regrets Tuesday (25 Nov)
  5. Patel guilty of abuse Friday (21 Nov)
  6. Couple return to Fiji after almost a decade Wednesday (26 Nov)
  7. President Xi leaves impression on leaders Monday (24 Nov)
  8. Indecent jokes warning Wednesday (26 Nov)
  9. Jail terms for former Post Fiji executives Monday (24 Nov)
  10. Biman: Budget boring Saturday (22 Nov)