Fiji Time: 2:59 AM on Wednesday 18 October

Fiji Times Logo

/ Front page / News

Bonus payout to secure lease for pine landowners

Repeka Nasiko
Monday, March 03, 2014

THE idea of lease security bonus payments came about after a struggle to get leases renewed upon their expiry, says Fiji Pine Group of Companies executive chairman Faiz Khan.

"When Fiji Pine approached the landowners for lease renewals, we were told by many landowners that they were unwilling to renew the leases because they had not seen any benefits out of the pine industry," he said.

While speaking at the official handover of lease security bonus payments in Lautoka last week, Mr Khan said despite these challenges, some landowners still chose to extend the lease.

"Despite many landowner' concerns, three years ago, Lololo forest landowners from the Ba Closed areas agreed to renew the leases for more than 10,000 acres of land on our promise of change for a better future."

Mr Khan said the payment was part of the change in motion with the delivery of that promise.

The head of landowning unit Tubuniga in Sigatoka, Josaia Driso, said the payment was a positive development in the relationship between the landowner and the Fiji Pine Group of Companies.

"I agree with the chairman about some of us not really getting any benefits from the lease," he said.








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 0.62160.6026
JPY 56.274453.2744
GBP 0.37320.3652
EUR 0.42070.4087
NZD 0.69850.6655
AUD 0.63540.6104
USD 0.49810.4811

from

$0.00

Exchange Rate updated on 17th, October, 2017

Today's Most Read Stories

  1. Man allegedly hit by bulldozer blade, dead
  2. Faith, a true survivor against all odds
  3. Bati visits Ra villages
  4. 11 vye for Miss Fiji crown
  5. Fiji Airways to ground aircraft until cleared to fly
  6. 'Let's bring it to life'
  7. Full force for polls
  8. NCDs' shocking stats
  9. Health audit
  10. Affordable housing

Top Stories this Week

  1. 30 officers dismissed from force Friday (13 Oct)
  2. Final in mind Monday (16 Oct)
  3. Man allegedly hit by bulldozer blade, dead Tuesday (17 Oct)
  4. 'Hell on Earth' Thursday (12 Oct)
  5. Cyclones predicted to hit Fiji Wednesday (11 Oct)
  6. $8m drugs seized Friday (13 Oct)
  7. Villagers pass around eTransport card Monday (16 Oct)
  8. Plans for Bati Sunday (15 Oct)
  9. Unsolved mystery of MV Joyita Sunday (15 Oct)
  10. Fijian overstayers Thursday (12 Oct)