Gold decline

GOLD mining production declined by 45.8 per cent as the local sector continued to face setbacks related to mine maintenance. This was highlighted by the Reserve Bank of Fiji’s Economic Review for April.

Meanwhile, the central bank reported that other domestic sectoral performances was mixed in the first quarter of the year. The tourism industry had remained robust as visitor arrivals increased by 3.3 per cent on an annual basis led by higher visitors from the US, New Zealand and Pacific Islands.

RBF also noted the electricity production by the Fiji Electricity Authority has increased by 7.0 per cent and supply by Independent Power Producers increased 4.9 per cent to the national grid also. Woodchip and mahogany production however declined because of lower demand for woodchips and harvesting and licensing related issues in the mahogany industry.

Job ads up

THE central bank has noted that the increase in number of jobs advertised was higher by 8.6 per cent on an annual basis.

The Reserve Bank of Fiji said higher recruitment intentions were observed in wholesale & retail trade and restaurants & hotels; mining & quarry; transport; storage & communications; social & personal service sectors in March. RBF added that the increased job ads included those published in The Fiji Times and the Fiji Sun.

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