Employers discuss budget with A-G

THE Fiji Commerce and Employers Federation held its first post-budget combined council meeting with Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum at the Tanoa Plaza Hotel in Suva last Friday.

With more than 500 companies associated with the federation, the forum provided a platform for members present to discuss and clarify issues regarding the budget.

Federation president Himen Chandra said the overall budget was a positive one with members having questions to be raised at the forum.

“These issues were raised and answered by the A-G and clarifications were made. It was a positive outcome and I think we should have this kind of forum more often,” Mr Chandra said.

Meanwhile, HFC Bank acting chief executive officer Raj Sharma said the bank was very optimistic about the budget, especially on certain incentives given such as the affordable housing scheme and those given for the transportation industry.

“We are already formulating our products and services in this respect. This means for first-time buyers on loans like motor vehicles, and for bus companies with the turnover of more than $1.5 million, will have access to loan facilities and we are working on it,” Mr Sharma said.

He added through the Association of Banks in Fiji, they had made submissions regarding licences to be taken as security which the Government had taken into consideration.

“We are very appreciative of this as the budget is there to guide the economy of this country,” he said.

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