Fiji Time: 12:25 AM on Friday 27 November

Fiji Times Logo

/ Front page / News

Funds to enhance business

Repeka Nasiko
Thursday, March 06, 2014

A NEW regional cluster initiative in the Pacific with funding of about $2.4million is to start with initial discussions beginning in Nadi yesterday.

A collaboration between the Pacific Islands Private Sector Organisation and the African Caribbean Pacific Business Climate Facility (BizClilm), the project is targeting Papua New Guinea, Samoa, Tonga and Vanuatu.

The key objective is to support business growth through the development of pilot clustering initiatives in each of the four countries.

Project team leader Ifor Ffowcs-Williams said economic development with a clustering approach was now on the agenda of every European Union country.

"It has proved to be a practical route to supporting business growth and export development," he said.

The project is building on the recommendations from the Business Value Chain Study, conducted by PIPSO, on improving business value chains in the Pacific region.

The study highlighted the importance of enhanced business development through improved cluster business policies, legislation and policy strategies to develop industry clusters, better information sharing and networking and improved capacities at national level.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62630.6073
JPY 58.360055.3600
GBP 0.31090.3029
EUR 0.44330.4313
NZD 0.72260.6896
AUD 0.65270.6277
USD 0.47310.4561



Exchange Rate updated on 26th November 2015

Today's Most Read Stories

  1. Torture suspects known to police
  2. Sex assault claim
  3. Ryder's 7 for Bua tournament
  4. 'Stay clear', mariners told
  5. Minister's plea for help
  6. Fiji teams presents i tatau
  7. The voice of the islands in Paris
  8. No restriction to harbour entry
  9. Founders honoured
  10. Corruption awareness

Top Stories this Week

  1. Left for dead Wednesday (25 Nov)
  2. MV Suilven sinks Wednesday (25 Nov)
  3. Exit 'reason' Friday (20 Nov)
  4. Village headman arrested Friday (20 Nov)
  5. 8 years for raping man Tuesday (24 Nov)
  6. MV Suilven sinks in Suva Harbour Tuesday (24 Nov)
  7. Minister defends PM's trip Friday (20 Nov)
  8. Friend indeed Monday (23 Nov)
  9. 'Racial slur' Sunday (22 Nov)
  10. Sevens hurdle Tuesday (24 Nov)