Fiji Time: 8:14 PM on Wednesday 25 November

Fiji Times Logo

/ Front page / News

Restructure plans

Salaseini Moceiwai
Wednesday, May 14, 2014

REWA Rice Limited is working on a consolidated corporate plan aimed at elevating the rice industry to a new height.

In a recent interview in Labasa, company chairman Raj Sharma said they were working on verifying all their assets in Dreketi, Nausori and other parts of Fiji.

"Right now, we are looking at assembling all our assets to identify which ones will give us optimum returns on our investments," he said.

"This is part of our financial restructure as we work towards boosting the rice industry.

"We are trying to reposition ourselves in the market through re-branding and coming up with a corporate plan that is beneficial.

"We will work closely with the government to make this happen."

Mr Sharma said part of the plan was to change the company's name.

"We are trying to have some level of patriotism and if the need to change our brand or company name arises, we will do so through the Cabinet.

"Our plan is to have a name that has something to do with Fiji.

"These are some of the plans we have and we hope that we will reach a conclusion in a few months.

"Such a plan is all part of our efforts to revitalise the rice industry for the purpose of reducing our rice import bill," said Mr Sharma.

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 0.62610.6071
JPY 58.229955.2299
GBP 0.31160.3036
EUR 0.44190.4299
NZD 0.72470.6917
AUD 0.65280.6278
USD 0.47310.4561



Exchange Rate updated on 25th November 2015

Today's Most Read Stories

  1. Left for dead
  2. MV Suilven sinks
  3. Father of two sent to prison
  4. Waqa out of team
  5. 350 tenants to lease residential lots
  6. Lack of consultation disappoints Kumar
  7. Formalisation of iTaukei villages nears completion
  8. Pa's labour of love
  9. School rewards students
  10. Ministry prepares for ILO

Top Stories this Week

  1. A-G: 'Let us not insult our fathers' Thursday (19 Nov)
  2. Students score zero Thursday (19 Nov)
  3. Exit 'reason' Friday (20 Nov)
  4. Left for dead Wednesday (25 Nov)
  5. Village headman arrested Friday (20 Nov)
  6. MV Suilven sinks Wednesday (25 Nov)
  7. 8 years for raping man Tuesday (24 Nov)
  8. Minister defends PM's trip Friday (20 Nov)
  9. MV Suilven sinks in Suva Harbour Tuesday (24 Nov)
  10. Friend indeed Monday (23 Nov)