Business

14th December

FCLC signs MOU with PIDF to create access

THE Fiji Crop and Livestock Council (FCLC) has signed a Memorandum of Understanding (MOU) with the Pacific Islands Development Forum that will facilitate collaboration between the two organisations. FCLC chief executive Jiu Daunivalu said the...

Qantas selects Airbus over Boeing for world’s longest flights

SYDNEY (Reuters) – Australia’s Qantas Airways <QAN.AX> picked Airbus SE <AIR.PA> over Boeing Co <BA.N> as the preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year. The choice of up to 12 A350-1000 planes fitted with an extra fuel tank...

Fiji’s employment ministry challenged with reducing jobless numbers

REDUCING the unemployment rate to below 4 per cent by 2021 has been a challenge for the Ministry of Employment. This was shared by the ministry’s operations and policy deputy secretary Puamau Sowane, who said this was one of their greatest tasks under the National Development Plan. He mentioned this during a question and answer...

FRA legally entitled to recover costs for SARUP 2 project

THE Fiji Roads Authority (FRA) is legally entitled to recover any costs over and above which would have been paid to Guizhou Road and Bridge Company for the Suva Arterial Road Upgrade Project 2 (SARUP 2). This was highlighted by FRA chief executive officer Jonathan Moore, who said what was important now was to minimise...

Moore: SARUP 2 contract was between FRA and Chinese company

THE Suva Arterial Road Upgrade Project 2 (SARUP 2) was a contract between the Fiji Roads Authority and the Guizhou Road and Bridge Company. This was clarified by FRA’s chief executive officer Jonathan Moore in a statement yesterday. “This (SARUP 2) was the contract under the agreement established by the Ministry of Economy, Asian Development...

FRA explains SARUP 2 contract termination

THE Fiji Roads Authority says the termination of the contract for the Suva Arterial Road Upgrade Project 2 (SARUP 2) was not because of FRA’s inability to fund the project. FRA chief executive officer Jonathan Moore said SARUP 2 was partly funded by FRA, while 90 per cent of the funding was provided by the...

$4m laboratory commissioned in Waimalika

A $4MILLION metallurgical and geochemical assay laboratory, which will be able to analyse a range of 36 different elements, was commissioned in Waimalika, Nadi, yesterday. The world-class facility is the latest investment of Lion One Metals Ltd which is working on the Tuvatu Alkaline Gold project. Minister for Lands Ashneel Sudhakar, who officiated at the...

13th December

IMF finds reason behind slow down of Fijian economy

FIJI’S economy has slowed down because lower government spending, tighter financial conditions, weak confidence, and the global slowdown have weighed on economic activity. This was one of the preliminary findings following the conclusion of the International Monetary Fund’s (IMF) consultation on the 2019 Article IV. The IMF mission chief to Fiji, Pablo Lopez Murphy, said...

$4m laboratory commissioned in Nadi

A WORLD-class $4million metallurgical and geochemical assay laboratory was commissioned at Waimalika in Nadi today. The facility belongs to Lion One Limited and will service the company’s exploration, resource definition and development activities on the Tuvatu gold project in Nadi. While officiating at today’s event, Minister for Lands Ashneel Sudhakar said the laboratory offered to...

Fiji Airports completes outer island airport runway upgrade

FIJI Airports has this week completed the runway upgrade at Lakeba in Lau with the first flight landing on the new runway yesterday. Fiji Airports CEO Faiz Khan said the Lakeba runway refurbishment was the second major infrastructure upgrade completed for its network of Outer Island Airports in the past two weeks. The cost of...

FCDCL new CEO focuses on business plan

NEWLY-appointed CEO of the Fiji Cooperative Dairy Company Ltd (FCDCL), Kushmendra Prasad says the company is developing a business plan in line with the government’s objectives. Mr Prasad said from 2018 FCDCL had managed to operate productively, utilising available resources without the need to acquire new assets. “There has been an 11 per cent decrease...

Prouds opens fully-fledged apparel store

ONE of the country’s pioneers in duty-free, luxury travel retail and fine store shopping, Prouds now has a fully-fledged apparel store located on level one of the 12-storey complex in Suva. Prouds director Tejash Patel said the refurbishment of their Suva Central flagship store had been very well received by customers as they now had...

FNU vice-chancellor resigns

FIJI National University (FNU) vice-chancellor Professor Nigel Healey has resigned. In a statement yesterday, the university confirmed the FNU Council would appoint an acting vice-chancellor as the university waited for the arrival of a new vice-chancellor. Dr Rajesh Chandra, the chancellor and chair of FNU council, said Prof Healey’s resignation would be effective from March...

Statistics show rise in global tourism

RECENT statistics by the United Nations World Tourism Organization forecasts a global 3 to 4 per cent increase in tourism and Fiji is no exception. Minister for Tourism Premila Kumar noted this at yesterday’s Tourism Fiji Industry Day at the Sheraton Fiji Resort while acknowledging the enormous contribution tourism has made to Fiji’s economy. “This...

Ratepayers plea with administrators to upgrade Lautoka City

RATEPAYERS of Lautoka have pleaded with the newly-appointed special administrators to do a face-lift of the Sugar City. Veteran journalist and Lautoka ratepayer Dennis Rounds made the plea at the first ratepayers meeting on Wednesday. “One of the things we lack here in Lautoka and one of our concerns is we need to get an...

Lautoka ratepayers question aquatic centre delay

AN audit is presently being conducted to bring to light the delay surrounding the construction of the Lautoka City Council Aquatic Centre. The new special administrators for the Lautoka, Ba municipal councils highlighted this to more than 10 Lautoka ratepayers at their first-ever ratepayers meeting on Wednesday. Ratepayer Maud Elbourne asked the newly-appointed special administrators...

Ellington Wharf to reopen for business

ELLINGTON Wharf in Rakiraki will be reopened for business from this weekend. The wharf was closed on November 25 after part of its berthing ramp collapsed into the sea. Ship operators have agreed to start operations from Sunday. “We are giving more time for the concrete to gain strength and this is after consultation with...

Fijian manufacturing company wins breach of contract court case

PUNJA and Sons Ltd has won a breach of contract court case against New India Assurance Company Ltd. In doing so, the Court of Appeal has ordered New India Assurance Company Ltd to pay $1.2m to Punja and Sons Ltd. On February 19, 2003, a fire caused damage to the Ocean Soaps Ltd factory that...

12th December

FHTA charity funds to assist in construction of orphanage home

FUNDS raised at the Fiji Hotel and Tourism Association (FHTA) Charity Golf Day were handed over to the St Christopher’s Home for Children today. FHTA chief executive officer Fantasha Lockington said the funds would go towards the construction of a new home for young male orphans who are currently required to leave the orphanage in...

MSMEs encouraged to be part of mahogany industry

LOCAL micro, small and medium enterprises (MSMEs) are being encouraged to become a more significant part of the mahogany industry in Fiji. Deputy permanent secretary at the Office of the Prime Minister, Sakeasi Waikere, says Fiji is known to have the world’s non-native mahogany stock in the world and government is eager to capture better...

11th December

Opportunity for leaders to discuss business transformations

A PRICEWATERHOUSECOOPERS Global meeting was held in Nadi yesterday for PwC leaders from the Asia Pacific region. PwC Asia Pacific assistance leader Humphrey Choi said the PwC Global Meeting was an opportunity for leaders to discuss important business transformations. “The whole purpose of us coming here is every couple of months, all of the leaders...

10th December

Stock market cap reaches $4b

THE South Pacific Stock Exchange (SPX) market capitalisation has reached $4 billion. This was according to SPX chairperson Dr Nur Bano Ali, as she said they were expecting to list more companies next year resulting in the market cap to continue increasing. “It’s because of the level of trading determining that because the number of...

Women entrepreneurs benefit from accelerator program

ACCESS to credit, access to collateral and access to the market are a few key issues rural indigenous women face in terms of starting or operating their businesses. According to the Women Entrepreneurs and Business Council chairperson Eseta Nadakuitavuki the Fiji Bloom Business Accelerator Programme was a beneficial initiative to address a few of these...

‘On the losing end’

WOMEN entrepreneurs lose out on a lot when they fail to move their business from the informal to the formal sector. According to the president of the Financial Management Counsellors Association of Fiji, Lagi Fisher these aspects include having to forfeit their children’s education, lose out on their livelihoods, sustainably and fail to come out...

9th December

Market vendors grateful for assistance

Vijay Kumaran, 49, and Murgessan, 54, of Raviravi, Ba now have their own improved roadside stalls. The vendors received the assistance from government. The pair have been selling fruits and vegetables along the roadside in a makeshift shelter for more than two decades. According to Mr Kumaran the stalls had enough space for them to...

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