Business

Winners revealed

Crest Chicken and Shop N Save announced the winners of its eight week long “WIN CASH” Promotion. Mohammed Shameem was the winner for the major draw prize of $5000 cash while Nina Samuela was the...

Negative impact

COVID-19 continues to have a negative impact on businesses overall as borders remain closed, however the severity of its impact on businesses has slightly improved. The 10th PTI Pacific Business Monitor has reported the lowest percentage of revenue decline, as well as negative impacts caused by COVID-19, since tracking began in May last year. According...

25th January

RBF: Mobile money services processed $71m

Mobile money platforms processed $71.1 million in 2019, according to the Reserve Bank of Fiji. The RBF revealed this before the Parliamentary Standing Committee on Justice, Law and Human Rights while making submissions on the National Payments Systems Bill 2020 last week. In 2014, the mobile platforms processed around $13.1 million which was an increase...

24th January

Bus company to face disciplinary action

Tacirua Transport Company Ltd (TTCL) will face disciplinary action from the Land Transport Authority (LTA) for illegally operating a school bus route without prior authorisation. LTA chief executive officer Samuel Simpson said it was against the law for bus operators to operate outside of their authorised Road Route Licence (RRL). “Bus operators are aware of...

23rd January

Fast fashion – from Spain to Suva

What on earth could Suva based women’s clothing retailer KoKo have in common with the world’s largest clothing retailer ZARA? Operating from its beautifully fitted shop just around the corner of Marks and Thomson streets in the Tower Insurance building near Tappoo City, it is not hard to find this delightful store offering a uniquely...

Alternative for farmers

A 23-year-old is producing organic fertiliser from his home in Narere to provide farmers with a cheaper yet healthier alternative to chemical fertilisers. Joeli Waqanivalu runs his own organic fertiliser business which he started before the COVID-19 pandemic struck last year. He said the idea of using organic fertilisers came from what he learnt in...

Exchange looks back at performance

With most businesses still reeling from the impact of the pandemic, the South Pacific Stock Exchange (SPX) expects share price volatility and mixed investor sentiment to continue in the short term as the uncertainties surrounding the pandemic are gradually offset with hopes of economic recovery bringing in investor optimism in 2021. In the SPX Stock...

Minam to end his tenure in April

Outgoing ANZ country head Saud Minam says he looks forward to his next challenge and is excited to stay in Fiji and contribute to the vibrant economy, community and culture. In a media release yesterday, ANZ regional executive for the Pacific, Tessa Price said Mr Minam had done a fantastic job leading the ANZ team...

Bank plans to grow its presence

BRED Bank (Fiji) is looking to expand its services outside of Suva as there is greater growth potential in areas such as Sigatoka and Lautoka. CEO of the bank Thierry Charras-Gillot said they were committed to growing their business in Fiji, and were confident of the Fijian economy, “Our customer base has increased despite the...

22nd January

$5.8m paid

The first payment for Phase 2 Round 4 was released this week to 26,549 members whereby a total of $5.8 million was paid, of which $4.7m was topped-up by Government. The Fiji National Provident Fund also added that a special payment run will be disbursed today to approximately 400 members whose applications required further verification...

New World Bank Group Plan for Fiji to focus on recovery and resilience from COVID-19 and cyclones

WASHINGTON D.C., January 21, 2021 – Today, the Board of Executive Directors of the World Bank Group (WBG) discussed the new framework for its engagement with Fiji over the next four years, aimed at boosting the Fijian economy and strengthening its fiscal, climate and social resilience following the impacts of two tropical cyclones, and the...

21st January

New shipping service to allow access to ports in New Zealand

Sirius Star Services Ltd has announced it will begin its operations between mid to late March this year, allowing customers a new form of access to ports in New Zealand. According to the global leader in shipping services, Maersk, this dedicated Fiji service would provide its customers with a weekly service from Suva and Lautoka...

Miller appointed new trade commissioner

A Fijian national has been appointed as Pacific Trade Invest (PTI) New Zealand’s new trade commissioner. According to a statement from the organisation, Glynis Miller was appointed after a recruitment drive in November, 2020. Ms Miller was stated to have been acting in the role since October, 2019 and took the acting position in Aotearoa,...

Company focuses on giving back

RB Patel Group Ltd has been cautious in terms of where the company puts its marketing or advertising finances because of the COVID-19 pandemic. This was according to the general manager operations Fiji, Jignesh Chauhan, who said even though companies were reducing their budgets, they had to remember the customers who contributed to their businesses....

ANZ Fiji country head announces his departure

With his tenure with the ANZ business in Fiji expected to end on April 30 this year, ANZ Fiji country head Saud Minam says he is proud to see so many in their management team thriving in their roles. Mr Minam said he enjoyed every minute of his time at ANZ Fiji and was especially...

20th January

Positive impact for institute

A partnership between the Free Bird Institute Ltd (FBL) and social media influencer Chen Cheng landed the learning institute in the National Geographic Traveller China magazine for January. This is according to the market announcement by FBL as the social media influencer out of China, was invited over to study and share her experiences not...

Company resumes sailing schedule

The Neptune Pacific Direct Line (NPDL) will resume its weekly sailing schedule between New Zealand and Fiji with strategic hubs in Auckland, Tauranga and Suva. The company made the announcement recently stating the returning weekly product between the two countries would strengthen NPDL’s Fiji-based connectivity to the smaller South Pacific island states, which it serviced...

$2m investment to serve commuters

Commuters travelling on the Kings highway will find a new Pacific Energy service station at Nalawa, Ra by July this year. Rakiraki businessman George Shiu Raj in investing $2 million into the project which was blessed by chiefs of the area yesterday at a groundbreaking ceremony. Mr Raj has leased the land from mataqali Waimaro...

A game changer

The financial management systems in the country are archaic and the launch of Sole Fiji could be a major game changer. While speaking during the third Tavioka Talk Symposium, chair and founder of Software Factory Semi Tukana, said the financial management system would help the farmers, SMEs, or any individual. “Sole Fiji is a proposed...

Call for cassava farmers to partner with association

There is a call for farmers to partner with the Tavioka Growers Association if they want to use their land to the fullest. This was the sentiments shared by the president of the association Josaia Rayawa after the Tavioka Growers third symposium held in Suva on Saturday. “If you have land that you want to...

Billion dollar market

In the next four years cassava flour could be in the vicinity of $US4 billion ($F8.1b market whereas cassava starch could be a $US42b ($F85.3b) industry however Fiji has not tapped into this yet. These were the sentiments of the president of the Tavioka Growers Association Josaia Rayawa, who said these were two value- ads...

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