Fiji Time: 5:49 AM on Tuesday 21 February

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.

Westpac
Code Inward TTs Outward TTs
CAD 0.64210.6231
JPY 55.908252.9082
GBP 0.39310.3851
EUR 0.46130.4493
NZD 0.68790.6549
AUD 0.64220.6172
USD 0.49190.4749

from

$0.00

Exchange Rate updated on 20th February, 2017

Today's Most Read Stories

  1. Family given son's post mortem exam results
  2. $95,000 payout
  3. Day of fate
  4. Race against time
  5. Commemorative service inappropriate
  6. Torrential rain floods Lautoka
  7. Islanders relive Winston ordeal
  8. Teenager laid to rest
  9. Tonga's Queen Mother dies at 90
  10. Men in court

Top Stories this Week

  1. Villagers burn objects used for 'witchcraft' at village cleansing Saturday (18 Feb)
  2. Man dies in custody Saturday (18 Feb)
  3. "I just love him" Tuesday (14 Feb)
  4. Life in prison Thursday (16 Feb)
  5. Family given son's post mortem exam results Monday (20 Feb)
  6. A lifetime try as Jasa weds sweetheart Saturday (18 Feb)
  7. Four new finds Tuesday (14 Feb)
  8. No more sleeping in car Saturday (18 Feb)
  9. A canecutter to a restaurateur Tuesday (14 Feb)
  10. Mum dies from burns Tuesday (14 Feb)