Fiji Time: 12:55 AM on Wednesday 31 May

Fiji Times Logo

/ Front page / News

Set up funds

Repeka Nasiko
Monday, August 18, 2014

WITH 593 landowning units, the Ba Province has one of the largest numbers of landowners in the country.

This is why the company entrusted with shares distributed to provincial councils through business ventures want the landowners to establish their own trust funds.

The Ba Provincial Holdings Company Ltd through its restructure program has been encouraging landowning units in the 107 villages to establish their firms.

"The plan is that when you talk about the tokatoka or the mataqali — it's a vanua structure," said Ba Provincial Holdings Company Ltd Commercial and Business Services manager Jese Saukuru.

Mr Saukuru believes the only way landowning units can prosper from the native land lease payments is if they reinvest their income.

"We need to get our people to establish a more business-like structure.

"They need to have a trust and that becomes their business arm.

"For instance, for my tokatoka, which is a vanua structure, we don't talk much about getting into business but in order to change that we need another platform — a business platform."








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 0.65280.6338
JPY 54.601251.6012
GBP 0.37650.3685
EUR 0.43430.4223
NZD 0.69380.6608
AUD 0.65490.6299
USD 0.48710.4701

from

$0.00

Exchange Rate updated on 30th, May, 2017

Today's Most Read Stories

  1. Boy dies, family seeks answers
  2. Pastors, villagers burn items allegedly used in witchcraft
  3. Headman to challenge decision
  4. Tuisova to miss Fiji, Aust test
  5. Awards for World
  6. Chief seeks forgiveness
  7. New Zealand returns confiscated tabua to Fiji
  8. $727m excess fund
  9. 200 new jobs
  10. Rare heart surgery

Top Stories this Week

  1. $16k freight scam Saturday (27 May)
  2. Man wants house back Wednesday (24 May)
  3. Boy dies, family seeks answers Tuesday (30 May)
  4. Henry's debt to mum Wednesday (24 May)
  5. Pastors, villagers burn items allegedly used in witchcraft Tuesday (30 May)
  6. Mystery chests, villagers warned Wednesday (24 May)
  7. Inquiry bid foiled Saturday (27 May)
  8. Rabuka not happy Wednesday (24 May)
  9. Designer under investigation Monday (29 May)
  10. Pillar of strength Wednesday (24 May)