Fiji Time: 1:54 PM on Saturday 30 July

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 0.64150.6225
JPY 51.982948.9829
GBP 0.36900.3610
EUR 0.44000.4280
NZD 0.69550.6625
AUD 0.65310.6281
USD 0.48960.4726

from

$0.00

Exchange Rate updated on 29th July 2016

Today's Most Read Stories

  1. Father sent to jail
  2. 36pc for him
  3. Tiko warns 'lazy' tutors
  4. We are slaves, PM told
  5. Warning against hate posts
  6. NFP issues challenge
  7. PM draws TV trial period
  8. Day off for players
  9. Deans rugby: Suva Grammar secures semi-final spot
  10. State defends cane payment

Top Stories this Week

  1. Tourist fined $400 for apples Tuesday (26 Jul)
  2. Fitter and faster Tuesday (26 Jul)
  3. Student jumps from school building Tuesday (26 Jul)
  4. Black money Monday (25 Jul)
  5. Mum rises above limits Wednesday (27 Jul)
  6. Allegiance switch Sunday (24 Jul)
  7. Alleged rape victim out of hospital Monday (25 Jul)
  8. Reaction from 7s players Monday (25 Jul)
  9. Alarm over 'illegal' property purchases Tuesday (26 Jul)
  10. Chilling out in Chile Thursday (28 Jul)