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Fiji Time: 11:03 PM on Thursday 24 April

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Reform reaps benefit for company

Repeka Nasiko
Saturday, March 01, 2014

AS a result of sound business reforms, the Fiji Pine Group of Companies has been able to repay a $6.7million loan to Fijian Holdings Limited.

Borrowed exactly one year and four months ago, company executive chairman Faiz Khan said the loan repayment was made in record time.

"I must thank the support of the Prime Minister who helped us secure this loan from FHL when commercial banks refused to fund us," he said.

"Historically, our group of companies has a record for all the wrong reasons of not paying loans for around 30 years.

"For example, last year we cleared the 1985 European Investment Bank loan."

Mr Khan said because of their business reforms, the company had been able to achieve many things.