Fiji Time: 9:52 AM on Tuesday 17 January

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 0.63690.6179
JPY 56.150853.1508
GBP 0.39750.3895
EUR 0.45620.4442
NZD 0.68780.6548
AUD 0.64980.6248
USD 0.48730.4703

from

$0.00

Exchange Rate updated on 13th January, 2017

Today's Most Read Stories

  1. Brief showers forecast

Top Stories this Week

  1. Tragic end to village trip Wednesday (11 Jan)
  2. Brothers appear for alleged assault, granted bail Saturday (14 Jan)
  3. Barber opens new $75k investment Friday (13 Jan)
  4. Ryan wasn't a choice Wednesday (11 Jan)
  5. Police investigate officer's testimony Friday (13 Jan)
  6. Tractor to help farmers overcome labour shortage Friday (13 Jan)
  7. Kinoya sinkhole discovery, traffic restricted Thursday (12 Jan)
  8. Institution faces probe Friday (13 Jan)
  9. QVS opening delayed Sunday (15 Jan)
  10. Snap search uncovers contraband in remand centre Sunday (15 Jan)