309 articles tagged "economy"
Government revenue is forecast at $2.9 billion while expenditure stands at $3.8 billion for the 2022/2023 National Budget. Minister for Economy, Aiyaz Sayed-Khaiyum says this will bring the Debt to GDP ratio to 85
The government will also amend the Illicit Drugs Control Act to start the industrial hemp industry in the country. The Minister for Economy stresses that industrial hemp is not marijuana as the THC level is much lo
Around 4,000 people living in Momi, Nawai, Korokula, Uciwai and other nearby areas can expect access to stable water supply following the transfer of the Momi Water Infrastructure from FNPF to the Water Authority of Fij
A man who had a vehicle in Kadavu transporting goods to the wharf and another one that was usually hired out in Suva is asking for assistance from the government after both his vehicles were repossessed during the heigh
The implementation of the second tranche of the National Minimum Wage and the Wages Regulations commences from today. The new rate for the national minimum wage will be $3.34 per hour while the minimum rate for the
The war in Ukraine continues to subvert major commodity markets, supply chains and trading partner economies, causing imported inflation to surge to 10 percent while domestic inflation stood at 3.4 percent according to
Fiji is on a much better footing than Sri Lanka when comparing the two economies. These were the sentiments shared by Sri Lankan economist and Fiji Care Chairman, Dumith Fernando while speaking at a Reserve Bank of Fi
Government debt is forecast to reach $9.1 billion, equivalent to 88.4 percent of Gross Domestic Product compared to a total debt of $5.2 billion at the end of July 2018 equivalent to 45.9 percent of GDP. It had be
The feedback from the tourism industry reveals that hotel occupancy rates and revenue per available room are increasing rapidly, with some hotels performing better than the comparable period in 2019. The Reserve B
The Fijian economy is now expected to grow by 12.4 percent this year, up from the 11.3 percent growth envisaged earlier. The Reserve Bank of Fiji Governor and Chairman of the Macroeconomic Committee, Ariff Ali says
Expect prices of goods impacted by global factors, to continue to rise as the Reserve Bank of Fiji has predicted that the inflation rate which currently stands at 5 percent is expected to go as high as above 7 percent b
There is a bigger opportunity for the kava industry in the US than in Australia because the US has a bigger kava market. ANZ Fiji Country Head Rabih Yazbek stated this while answering the question as to how Fiji c
We need to perhaps adjust the terms and conditions of employment to ensure that we maintain the teachers and nurses and retain them where there's a huge demand for them from outside of Fiji. Those are the words of
Inflation is expected to get worse before it gets better. While stating this, ANZ Fiji Country Head Rabih Yazbek says the minimum wage increase by government is expected to help cushion the rise in food prices as
19,521 Fijians in the Northern Division have received their $100 unemployment assistance from the Government. Minister for Economy, Aiyaz Sayed-Khaiyum says they have spent over $2 million so far. He also conf
Fiji Labour Party Leader Mahendra Chaudhry says Prime Minister Voreqe Bainimarama’s comment at the Lau Provincial Council meeting that his government had managed the economy better than any government in Fiji’s hist
Moving forward, visitor arrivals are expected to increase further in the peak tourism season while recruitment intentions were better, as advertisements for new jobs rose to 3,984 jobs, mainly driven by the tourism-rela
Food prices rose by 6.9 percent in April and annual headline inflation rose to 4.7 percent for the month. According to the latest Economic Review by the Reserve Bank of Fiji, higher imported food and energy prices
Foreign reserves remain adequate at $3.018 billion as at today, enough to support 8.3 months of imports of goods and services. The Reserve Bank of Fiji Board says foreign exchange holdings are expected to remain at
The Reserve Bank of Fiji says the economy continues to show signs of improvement, driven mainly by tourism-related sectors. Since the opening of Fiji’s border in December 2021, 118,812 tourists have arrived in Fi
