Business

16th January

Ash clouds prompt Fiji Link to put flights on hold

All Fiji Link flights have been put on hold due to ash clouds caused by the Hunga Tonga-Hunga Ha’apai volcanic eruption in Tonga. Fiji Airways states several flight operations will also be affected as customers...

15th January

Tower and Post Fiji sign bill pay MOU

Tower Insurance will now be able to leverage off Post Fiji’s extensive network as collection centres for premiums. This comes after the two organisations formed a bill payment partnership allowing customers all over Fiji to pay their premiums at Post Fiji’s 58 outlets. According to Tower Insurance head of Pacific Digital Distribution Veilawa Rereiwasaliwa, they...

COVID-19 Fiji: Low positivity for tourists – Minister Koya

COVID-19 test positivity among tourists remains low, and the Government does not view hotels as major drivers of transmission, says Tourism Minister Faiyaz Koya. He said tourist arrival numbers for January has not changed. “Most people find Fiji a wonderful destination to come to,” Mr Koya said. “And we must also remember that our economy...

RB Patel Group records profit after tax

The RB Patel Group Limited recorded profit after tax of $4.7million for the six months to December 31, 2021. That, against the $3.9m recorded last year, an increase of more than 19 per cent. The company also declared an interim dividend of $0.02 per share totalling $3m that will be paid out on February 10...

IEA says Canada can be key global oil supplier if emissions promises kept

CALGARY, Alberta (Reuters) -Canada, the world’s fourth-largest oil producer, can be a key global supplier for years to come providing it sticks to promises to sharply cut emissions, the International Energy Agency (IEA) said on Thursday. In its first review of Canada’s energy policies since 2015, the IEA said the country’s role as a major...

14th January

Sisters start cake, pastry business

Sisters Shalvina and Sonal Deo see a huge demand for cakes in Fiji and have ventured together to make a business of it. Baking Bliss by Shal (BBBS) is a cake and pastry business in Suva. “We are based in Tacirua Heights, Suva and we operate from home,” said Ms Shalvina. “The main aim for...

11th January

Oil prices fall on demand concerns and rising Libyan output

NEW YORK (Reuters) -Oil prices fell Monday as concerns about demand fears stoked by the rapid global rise in Omicron coronavirus infections overtook concerns about oil supply reduction from Kazakhstan. Brent crude fell 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude was down 67 cents, or 0.9%,...

FHTA: No severe illness and hospitalisation

Despite the positivity rate for visitors being around 1 per cent, the Fiji Hotel and Tourism Association is pleased to note that there have been no reports of anyone becoming severely ill or hospitalised. According to a statement from the association, more visitors were asymptomatic or with mild symptoms which lasted only a few days....

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

Climate insurance testing approved

The Reserve Bank of Fiji (RBF) has approved the admission of a parametric insurance product – the FinTech Regulatory Sandbox (Sandbox) – which has been intended for live testing of innovative solutions, particularly those which help broaden access to various finance services among underserved segments of the population. According to a RBF statement, the product...

Taking food delivery to another cyber level

Online food delivery company CyberFood is set to launch a portal that will engage micro, small and medium-sized food-based businesses to take advantage of their services and access a wider market range. According to managing director Majid Shahzad, they also wanted to focus more on women-led MSME to get on the platform. He said they...

Virgin Australia to cut capacity by 25% as COVID-19 cases rise

SYDNEY (Reuters) – Virgin Australia said on Monday it would reduce capacity across its network by around 25% for the rest of January and for February due to reduced travel demand and staff being required to isolate as COVID-19 case numbers rise in Australia. The airline, which competes against Qantas Airways Ltd, said it would...

Pakistan asks IMF to delay 6th country review meeting to end-January

ISLAMABAD (Reuters) -Pakistan has asked the International Monetary Fund (IMF) to delay a board meeting meant to consider the country’s sixth review until the end of January, the finance ministry said on Monday. The meeting was meant to take place on Jan. 12 to review the recommendation to release $1 billion of Pakistan’s $6 billion,...

10th January

Man dies after being swept away by strong currents; more flooding expected – NDMO

A man died yesterday morning after he tried to cross a flooded river at Mataniwai in Tavua. National Disaster Management Office director Vasiti Soko highlighted this during a virtual news conference and said it was Fiji’s first fatality recorded during Tropical Depression 03F. Ms Soko said the 35-year-old was swept away by strong currents. “With more flooding...

E-Edition