309 articles tagged "economy"
The total revenue for the 2022-2023 financial year stood at $2.7498 billion which is 22.6 percent of GDP while the total expenditure amounted to $3.5892 billion or 29.5 percent of GDP. Permanent Secretary Finance,
Fiji’s debt levels stood at $9.75 billion, equivalent to 80 percent of GDP at the end of July 2023, a major reduction from around 89 percent a year ago and based on current projections, debt ratio is expected to furth
As public consultations on the establishment of a medicinal cannabis industry in Fiji begins next week, Minister for Trade Manoa Kamikamica has stressed that it will be limited to exportation only and will not affect th
Deputy Prime Minister, Professor Biman Prasad says Fiji is currently going through a major skill migration and this has the potential to harm our fragile post pandemic economic progress. While speaking at the ADB-A
The Reserve Bank of Fiji is aware of a scheme currently operating in the country known as “EbayShop Online Recruitmentâ€, which is neither licensed nor registered with the RBF. RBF is reminding the public to ta
Visa-free travel for Fijians into New Zealand needs to happen to realise the full benefits of the trade relationship between our two countries. This was highlighted by the Deputy Prime Minister and Minister for Fin
Fiji’s export to the United States were valued at $482 million last year compared to $442 million in 2020. This has been highlighted by the Permanent Secretary for Trade, Shaheen Ali while speaking during a webi
Great news for the new payment service provider, Sole Limited, as they have now exceeded $1 million in value of transactions and close to 13,000 members in just 10 months after the company was launched. Announcing
The 1st of August saw the commencement of the 2023-2024 National Budget. While certain consumers have called for understanding and acceptance of the government’s policies on VAT and bus fares, some say they have
The Wages Council will be re-activated to review the minimum wage rate for the people of Fiji. This was highlighted by the Deputy Prime Minister and Minister for Finance Professor Biman Prasad when questioned by th
There are many measures in the budget which are designed to help our people, particularly those in the lower income category and are being ignored by critics who are hell bent on gaining some political mileage. Th
We expect year-end inflation to be around 3 percent due to the changes in VAT rates and customs measures announced in the 2023-2024 National Budget, which will put upward pressure on inflation. That is the assessme
Despite the fragile global economy, the Fijian economy has performed above expectations in the first half of 2023, led by a robust tourism sector, increased certainty in the business environment, pent-up demand and the
The Fiji Financial Intelligence Unit has provided a report to FICAC to examine the case for possible unexplained wealth as a result of bribery in Mr M’s capacity as an executive at a local statutory body. The Un
A Mr R was brought to the attention of the Fiji Financial Intelligence Unit for possible unexplained wealth and tax evasion by conducting high value deposits totalling $2 million over the course of four years. He r
The Fiji Financial Intelligence Unit has referred a matter to Police after it was brought to the Unit’s attention in 2022 that Mr A, Mr B and Company C are involved in a possible theft involving approximately $1.3 mil
The estimated value of transactions suspected to be tainted and linked to predicate criminal offences and tax evasion in Fiji was $252 million in 2022 according to the Fiji Financial Intelligence Unit. The Director
The Financial Intelligence Unit has reported a matter to FICAC to examine the case of a politically exposed person for possible unexplained wealth as a result of corruption and bribery. The Unit has identified the
Given the recently announced tax increases in the 2023-2024 National Budget, inflation is expected to rise from August onwards and register at 4.7 percent at the end of the year before subsiding to 2.5 percent by the en
The Fiji Government will support the initiative of the United Nations Conference Trade and Development to fully digitise the economy. Deputy Prime Minister and Minister Trade, Cooperatives, Small and Medium Enterpr
