Business

Bank shares strategies used during COVID-19

WHILE most businesses struggled to grasp with the challenges brought on by the COVID-19 last year ANZ Fiji had put in place certain strategic policies to serve its customers amid the restrictions. During the Fiji...

New eatery option

A new restaurant has opened in Carnarvon St, Suva giving people more options to choose from authentic Indian cuisines and has provided employment to 18 people. Rajdhani Multi Cuisine Restaurant specialises in North Indian cuisines from India according to the manager Sanjesh Chand. During its launch on Wednesday he said the restaurant had hired six...

The Reserve Bank of Fiji (RBF) says our foreign reserves are expected to remain comfortable till end-2018. Picture: JOVESA NAISUA

Inflation to increase

PRICES of locally produced fruits and vegetables are projected to rise in the coming months as a result of supply shortages owing to Tropical Cyclone Ana and the associated floods. The Reserve Bank of Fiji yesterday said while the annual inflation rate in January stood at -1.3 per cent, they were expecting an increase. However...

$3m service station opens

TAPPOO subsidiary, On the Go (OTG), have opened their sixth Mobil branded service station in Natokowaqa, Lautoka, to the tune of $3 million. The multimillion dollar complex joins a string of new Mobil service stations along the Queens Rd that have undergone major face lifts by the retail giants. Company executive director Kaushal Tappoo said...

Economy at stake – RBF tells of further crisis if borders remain closed

THE Fijian economy could contract further if borders do not open this year, says Reserve Bank of Fiji (RBF) governor Ariff Ali. He said economic recovery would also depend on the level of fiscal support provided by the Government in the 2021-2022 National Budget. The governor also stressed that the prolonged crisis also meant unemployment...

Trading of Fiji TV shares suspended

Trading of Fiji Television Ltd shares on the e-trading platform has been suspended with immediate effect. In a market announcement issued this morning, South Pacific Stock Exchange (SPX) acting CEO Pretesh Prasad said the suspension was in accordance with Section 71.1 (viii) of the SPX Listing Rules which stipulates as follows: “Circumstances where the SPX...

25th February

Rehab program

MORE than 50 per cent of the South Pacific Business Development members in the Northern Division had reported damage to their houses with 78 per cent suffering a loss in their main livelihood. This was according to the SPBD Fiji board director Lorraine Seeto during the launch of the SPBD Tropical Cyclone Yasa Rehab Programme...

Citizens Budget guide to improve people’s perception

A Citizens Budget Guide was launched today aimed at improving people’s perception of budget and to promote accountability and transparency in public financial management. The guide is developed by the Fiji Council of Social Services (FCOSS) with the support of United Nations Development Programme (UNDP) and Pacific Islands Association of Non-Governmental Organisations (PIANGO). The European...

24th February

Organic product receives positive feedback

THE introduction of an organic product for the agriculture sector in the country has resulted in improvements in yields for farmers using the product. Introduced in 2019 by Samisoni Enterprises, Karyon Organic was seen as a product that could help farmers run more profitable farms through increased yields. Hanisi Hodge from Samisoni Enterprises said they...

Keeping busy

MAUI Palms boutique beachfront hotel and the tourism industry on the Coral Coast were deeply impacted by the COVID-19 pandemic. Christine Badia, the director of Maui Palms, said as the borders closed so did their hotel doors. However Ms Badia said initially there was hope that a bubble may be created as early as July...

$4.07 million to support work done by centre

FIJI has benefited immensely from operations of the Pacific Financial Technical Assistance Center (PFTAC) over the years, says Reserve Bank of Fiji deputy governor Esala Masitabua. He made the comment as the United States Embassy yesterday announced that the US was contributing $US2 million ($F4.07m) to PFTAC. Mr Masitabua said PFTAC had also fostered and...

Operations cease

AT least five garment factories have either completely closed down physically or have been reduced to a virtual operation. This was confirmed by the TCF Council president Michael Towler who added that the companies that had closed down as a result of the impact of the pandemic were members of the council. Mr Towler said...

96 youths receive farming implements

About 96 youths in the Western Division have benefited from a presentation of farming implements from the Youth and Sports Ministry. Youth and Sports Minister Parveen Kumar said Government was keen to assist youths because it provided a practical avenue to put food on people’s tables during challenges like COVID-19 and natural disasters. “I’m here...

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