Fiji Time: 4:08 PM on Thursday 5 March

Fiji Times Logo

/ Front page / News

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.





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. Ali praises PM
  2. Against torture
  3. Eggplant beats papaya sales for the first time
  4. Committee voices disappointment
  5. IT academy opens doors
  6. Police warn farmers
  7. Refrain from eating, killing turtles
  8. State firms doing well
  9. Call for independent body
  10. Human rights training recommended for disciplined forces

Top Stories this Week

  1. Porn search: Fiji in top ten Friday (27 Feb)
  2. Dead in early morning plunge Friday (27 Feb)
  3. Leap of faith Monday (02 Mar)
  4. Two appear in court Tuesday (03 Mar)
  5. Face for a book Monday (02 Mar)
  6. A-G: Don't interfere Tuesday (03 Mar)
  7. New uniform for institution Wednesday (04 Mar)
  8. For sale! Sunday (01 Mar)
  9. Father of taxi debate Monday (02 Mar)
  10. Looking at the big picture in 7s rugby Monday (02 Mar)