There are some positive indications on the investment front, as an estimated $368.1 million was pumped into the economy through investments in various sectors, creating over 1,200 new jobs for the first six months of this year.

The Fiji Trade and Investment Bureau has confirmed to Fijivillage news that a total of 59 projects were registered between January to June 2010 in areas ranging from Agriculture and Forestry, tourism, manufacturing to wholesale and retail sector.

A total of nine new projects were registered in the tourism sector during this period, raking in over $95 million and creating the most number of employment with 338 compared to investments in other sectors.

260 jobs were created through investments in Electricity Gas and Water supply sector with three new projects coming on line in the first six months totally $62.7 million.

The Manufacturing sector also saw $27.75 million worth of investments with eight new project activities and creating jobs for 192 people.

Ten new projects were also implemented in the Services sector through $6.8 million of investments while the Financial Intermediation sector recorded six new projects worth over $141.8 million.

The investments in the Financial Intermediation sector have seen 111 people finding employment.

The FTIB also confirmed that there are currently seven pending applications currently being processed which include investments in Manufacturing, wholesale and retail, tourism, Real estate development and transportation.


Story  by: Roneel Lal