309 articles tagged "economy"
A recent UN socio-economic impact assessment has found that the national poverty rate in Fiji is expected to increase where an additional 50,453 to 82,694 people are expected to fall below the poverty line with a worst
The CEO of HFC Bank, Rakesh Ram says they are working with their auditors to understand the real risk for only Fiji owned commercial bank and the real level of provisioning required for bad debts as 65 to 70% of their c
About $30.6 million was injected into the Fijian economy through the production of the World’s Toughest Race: Eco-Challenge Fiji in September last year. Minister for Industry, Trade and Tourism Faiyaz Koya says t
Tropik Wood Industries Ltd will soon export $6 million worth of woodchips to China. Board Chair, Ratu Wiliame Katonivere says they explored their China market and succeeded in securing a shipment adding the last ti
As many businesses are struggling to sustain themselves, Total Fiji has made an investment of $8 million for plans they will be rolling out in the next few months. During the re-opening of the Lautoka Service Stati
The Fijian economy is projected to contract by 21.7 percent in 2020 which is the most severe contraction in our modern history. The Chairman of the Macroeconomic Committee and Governor of the Reserve Bank of Fiji,
The Reserve Bank of Fiji states that overall labour market conditions have worsened due to the weakening domestic economy. The RBF says a total of 85,959 FNPF members received around $54.2 million under the COVID-19 wi
The Reserve Bank of Fiji says the Fijian economy is anticipated to contract severely this year due to the significant decline in tourism activity and its knock-on effects to the rest of the economy. According to the RB
More than 120,000 Fijians are expected to benefit from the $10.7 million that has been made available today by the Australian Government to the Fijian Government. These Fijians are the existing recipients of the Po
Health Minister Doctor Ifereimi Waqainabete says even though all the COVID-19 patients in Fiji have been cleared, we cannot drop our guard. Waqainabete says we all have to understand what the new normal is. He
Prime Minister Voreqe Bainimarama says in the coming months, COVID-19 will trigger financial decisions that have the potential to reshape the world as we know it. While speaking to leaders from Africa, the Caribbea
Minister for Local Government, Premila Kumar says that the Rakiraki bus stand project is now on its design phase. Kumar says upon completion, the new Rakiraki Bus Stand will ensure that buses are no longer scattere
Lami Kava has confirmed that a baby mix or 50 grams of grog which earlier cost $7 is now $5 while a 100 grams or Kota pack which was $14 is now $10. The company has also dropped the retail price for a kilogram of grog
Prime Minister, Voreqe Bainimarama has officially opened the new $6.3 million Rakiraki Market. Bainimarama says the market will have around 320 stalls with 30 beds which will also be a second home for vendors befor
The Reserve Bank of Fiji says overall labour market conditions have worsened with further announcements of layoffs. In its Economic Review for the month of May, the RBF says the notable uptake of the Fiji National
Minister for Economy, Aiyaz Sayed-Khaiyum confirms that the government now has a huge focus on offshore borrowings when asked by National Federation Party Leader, Professor Biman Prasad where will the government borrow
Fiji Trades Union Congress National Secretary Felix Anthony says the termination of the contracts of 758 Fiji Airways employees have come without notice nor does it appear that there were sufficient consultations or n
Fiji’s international carrier, Fiji Airways will release a formal statement later today as reports are coming in from the workers that more than 700 airline workers are being let go from the company due to the effects
The Consumer Council of Fiji is urging people to contact them through their National Consumer Helpline toll-free number on 155 if they require assistance for debt restructure. The Council says that with the coronav
The new Laqere Market in Nasinu has been opened by Prime Minister Voreqe Bainimarama to cater for more than 92,043 people of Nasinu. The Prime Minister says the market is funded by the government at a cost of $7.2 mi
