Business

Commitment to save the environment

A TRIP on a cruise liner to Fiji 25 years ago turned into a commitment of saving the environment through recycling of waste materials. Peter Bray, managing director of Waste Recyclers PTE Fiji Ltd fell...

‘Disproportionate representation’

WOMEN are still not proportionately represented in leadership positions in the country, says President Jioji Konrote. He made the comment while addressing participants at the 47th Fiji Institute of Accountants (FIA) Congress at Shangri-La’s Fijian Resort and Spa yesterday. “One of the mission statements of the FIA is ‘to commit yourselves to a strong, active...

Look beyond numbers, Rahman tells participants

PARTICIPANTS at the 47th Fiji Institute of Accountants Congress in progress at Shangri-La’s Fijian Resort have lauded the two-day program, saying the issues highlighted — leadership, humanity and the environment — were critical for accountants to address. Fiji Revenue and Customs Service director Revenue Management Fazrul Rahman said accountants had to start looking beyond numbers....

$110m in levy

THE $110 million raised by Government through the Environment and Climate Adaptation Levy (ECAL) has gone back to the people, says Fiji Revenue and Customs Service director Revenue Management, Fazrul Rahman. He made the comment while speaking to the media during the 47th Fiji Institute of Accountants Congress at Shangri-La’s Fijian Resort and Spa yesterday....

British Airways to resume Pakistan flights next week after a decade

ISLAMABAD (Reuters) – British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country. BA halted service to Pakistan in the wake of the 2008 Marriott Hotel bombing in the capital Islamabad that...

Fiji’s mission in Brussels commended

FIJI’S Embassy in Brussels has been commended for the role it plays in strengthening Fiji’s multilateral and bilateral relations in Europe, especially in the areas of trade, agriculture, political development, and climate change. At a briefing yesterday to Minister for Foreign Affairs Inia Seruiratu, Fiji’s Permanent Representative to the European Union (EU) in Brussels Ambassador...

Means test to determine financial circumstances of residents

MEANS tests will be conducted to determine the financial circumstances of residents whose settlements are being formalised into proper subdivisions. Minister for Industry, Trade, Tourism, Local Government, Housing and Community Development Premila Kumar met residents of Lovu, Tomuka and Delaisaweni in Lautoka and noted that the means test would assist them determine eligibility for receiving...

U.S. FAA meets with air regulators on fate of Boeing 737 MAX

FORT WORTH, Texas (Reuters) – The Federal Aviation Administration is meeting with international air regulators from around the world on Thursday to determine what is needed to return the grounded Boeing Co 737 MAX to return it to service. Senior FAA officials will give detailed descriptions of the findings to date from the two crashes...

24th May

Minister for Employment Jone Usamate speaks to the members of the media in Nadi yesterday. Picture: REINAL CHAND

Qiolevu Settlement connects to the grid

SOME 345 Fijians were all smiles today after the opening of the Qiolevu Settlement grid extension and house wiring project. While officiating at the event, Minister for Infrastructure, Transport, Disaster Management and Meteorological Services Jone Usamate said the completion of the project was the end result of thoughtful planning, long-term thinking and a steady flow of...

Resilience of coconut industry encourages Government

THE coconut industry serves significant importance to the Fijian economy because of its contribution to economic and social well-being for many of those in rural areas. While closing the Whole Nut Processing Training at the Dreketi Agriculture Station today, Minister for Agriculture Dr Mahendra Reddy said the commodity had proven over the years to be...

Fiji at critical crossroad: President Konrote

PRESIDENT Major General (Ret’d) Jioji Konrote opened the 47th Fiji Institute of Accountants Congress at Shangri-la’s Fijian Resort this morning. He said every Fijian was only too aware of the many challenges Fiji faced today. President Konrote said the country was at a critical crossroad and the decisions made today would shape the future it...

Fiji Airways Chief Commercial Officer Marc Cavaliere speaks during the press conference in Nadi yesterday. Picture: REINAL CHAND

Aircraft grounding fails to hamper operations

FIJI Airways was able to cater for passenger and route changes despite the grounding of the airline’s Boeing 737 MAX 8 earlier this year. Speaking at a 2019 Fijian Tourism Expo media presentation yesterday, Fiji Airways chief commercial officer Marc Cavaliere said the grounding of the two aircraft did not have a significant impact on...

Fiji Airways reaches $1bn mark

NATIONAL airline Fiji Airways reached the $1 billion mark in sales and revenue in 2018 — a first for any local company. While making a presentation at the 2019 Fijian Tourism Expo, the carrier’s chief commercial officer Marc Cavaliere said the airline had also experienced an increase in passenger capacity last year. “This was the...

Fiji’s tourism industry well on track

FIJI’S tourism industry is well on its way to reaching the $2.2 billion mark by 2021, says Tourism Minister Premila Kumar. Speaking to more than 500 tourism industry stakeholders at the opening of the 2019 Fijian Tourism Expo at the Sofitel Fiji Resort and Spa in Nadi last night, she said the industry was performing...

Economic downturn on islands ‘a challenge’

LOCAL businesswoman Leba Mataitini said the lack of interest by family members and difficulty in accessing finance led to the closure of her family shipping business which used to service the Lau Group. She highlighted the issue yesterday while making submissions before the Parliamentary Standing Committee on Natural Resources on the need for affordable and...

Tariff increase to enable EFL to meet debt

INCREASING the electricity tariff by 17.27 per cent would enable Energy Fiji Ltd (EFL) to meet debt covenants imposed by lenders and provide comfort to the Fijian Government as the sovereign guarantor for some of EFL’s borrowings. In its submission to the Fijian Competition and Consumer Commission, EFL said meeting debt covenants would also result...

EFL justifies reason for proposed tariff increase

ENERGY Fiji Ltd (EFL) says it is asking for a 17.27 per cent tariff increase to keep the commercial statutory organisation abreast with inflation and to reflect the true electricity cost for Fiji. EFL is also asking for a review of electricity tariffs every four years. In its submission to the Fijian Competition and Consumer...

Report: Liquidity management crucial

A TIGHTER budget by the Government and better management of liquidity by the central bank has been recommended by a research report released by the ANZ Bank yesterday. The Pacific Economic Outlook 2019 states that the Government is expected to reign in expenditure to return to a stronger fiscal position to prepare itself for the...

Pacific research report predicts flat-lining of capital expenditure

A NEW report released today predicts a flat-lining of capital expenditure over the next two years with a slowdown in private investment. ANZ Bank’s research report Pacific Economic Outlook 2019 highlighted that private investment contributed to the bulk of investment, increasing its share from 45 per cent in 2013 to 56 per cent in 2018....

EFL tells why it seeks an increase

ENERGY Fiji Limited says it is asking for a 17.27 per cent tariff increase to keep the commercial statutory organisation abreast with inflation and to reflect the true electricity cost for Fiji. EFL is also asking for a review of electricity tariffs every four years. In its submission to the Fijian Competition and Consumer Commission,...

23rd May

Fiji to host 2020 Asia-Pacific ROBOCON competition

FIJI will next year host the Asia-Pacific ROBOCON competition which will see Fijian students taking part in the inaugural event. Launching the competition yesterday, Minister for Education, Heritage and Arts Rosy Akbar said the launch was a stepping stone for them to begin a few months of preparation leading up to the August 2020 Asia-Pacific...

British Steel collapses after failing to secure extra funding

LONDON (Reuters) – British Steel, the country’s second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain’s Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation...

Eveready Taxis installs electronic payment system in a first in Fiji

EVEREADY Taxis is the first company in Fiji to install and accept ATM cards for payment of taxi fares. This after Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum launched the ANZ POS with Eveready Taxis at the ANZ House in Suva today. The A-G said the Government had been focused on increasing the number of electronic...

Tourism traders converge on Denarau; 4000-plus meetings scheduled

ABOUT 500 tourism stakeholders are participating the first day of the 2019 Fijian Tourism Expo at the Denarau Convention Centre at the Sheraton Resort and Spa in Nadi today. The annual event allows Fiji’s main tourism stakeholders to promote their products to international buyers such as Australia, New Zealand, Canada, China, Ukraine, Germany, Hong Kong,...

Fiji chosen by ILO, says Cawaru

FIJI has been chosen by the International Labour Organization to be a pathfinder country for the Sustainable Development Goal alliance 8.7. Ministry of Employment, Productivity and Industrial Relations permanent secretary Osea Cawaru made the comment at the World Day Against Child Labour celebration for teachers and students in Nadi yesterday. “I am glad to announce...

Government clamps down on child labour

MORE than 230 children involved in child labour have been returned to school by Government, says Ministry of Employment, Productivity and Industrial Relations permanent secretary Osea Cawaru. He made the comment while speaking at the World Day Against Child Labour celebration for teachers and students in the Western Division in Nadi yesterday. Mr Cawaru said...

NFP concerned with EFL’s proposal to increase tariff rates

THE National Federation Party (NFP) has raised concerns on submissions by Energy Fiji Ltd (EFL) seeking a 17.27 per cent increase in tariff rates per unit, labelling it a “further blow to our ordinary people”. In an advertisement last week, the Fijian Competition and Consumer Commission confirmed the submissions from EFL for the proposed increase...

No leniency for green yaqona thieves: Police

NO leniency will be shown to green yaqona thieves and buyers on Taveuni as perpetrators will now be charged with theft. Responding to claims from farmers on the island that the rise in green yaqona theft had been fuelled by the lack of regulations in place for perpetrators, Northern divisional police commander Senior Superintendent of...

Thefts worry Lautoka market vendors

LAUTOKA women market vendors prefer sleeping outside with their market produce at night instead of using the provided accommodation because of continuous theft in the market. The issue was highlighted at the Safety in Markets Stakeholders Divisional meeting in Nadi yesterday. Lautoka Market Vendors Association secretary Filomena O’Neill said even though security officers were always...

Low cane price not a good start to 2019 season: Chaudhry

LOW global sugar prices resulting in a low forecast price for the 2019 season by the Fiji Sugar Corporation, escalating labour costs and no solution to the weight restriction on cane lorry issue is not a good sign for the start of the 2019 harvest and crush season. This was the view expressed by National...

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