Business

‘Fiji needs business people who think outside the box’

Fiji needs business people who think outside of the box, says Minister for Economy Aiyaz Sayed-Khaiyum. While speaking in Lautoka recently, he explained that global markets have changed significantly after the COVID-19 pandemic which demanded...

24th September

New ATM to benefit more than 10,000 people

BRED Bank’s new ATM at the True Mart complex in Veisari Lami has been described as part of the bank’s strategic objectives to provide banking without distance. Bank’s chief executive officer Thierry Charras-Gillot said the ATM would be available 24/7 and would benefit more than 10,000 within the vicinity together with the commuters along the...

Bank removes surcharge fees

The BSP Financial Group Ltd (BSP) yesterday announced the removal of surcharge fees on all locally issued Visa Debit cards (VDC) transacting on BSP EFTPoS terminals. In a statement yesterday BSP country head Haroon Ali said removal of the surcharge fees would enable their EFTPoS merchants to process transactions from a wider group of local...

More than 1600 applicants for loan facility

The Fiji Development Bank’s Loan for Women Entrepreneurs facility launched two months ago has so far received more than 1600 applications. FDB chief executive officer Saud Minam said the positive feedback had prompted the bank to continue with the product. At a press conference yesterday Mr Minam said the loan facility enabled women entrepreneurs to...

Strong partnership

A memorandum of understanding signed between Fiji and Indonesia seeks stronger partnership in accelerating tourism recovery, strengthening private sector collaboration and capacity building. The MOU was jointly signed by the Indonesian Minister for Tourism and Creative Economy, Sandiaga Salahuddin Uno and the Fijian Minister for Commerce, Trade, Tourism and Transport, Faiyaz Koya in Bali, Indonesia....

Fiji’s central bank records $42m net profit

Fiji’s central bank has reported a record high net profit of $42.0 million for the 2021-2022 financial year despite challenging global financial markets. According to the Reserve Bank of Fiji, the out-turn in the 2021-2022 financial year was underpinned by higher interest income from domestic bonds and increased numismatic sales, unlike previous years where interest...

23rd September

RBF: Positive indicators leads to revised 2022 growth outlook

There are positive economic indicators that have led the Central Bank to revise its earlier domestic growth outlook for 2022. The Reserve Bank of Fiji governor and chairman of the board Ariff Ali said while risks to monetary policy objectives remained from elevated global prices global prices and tighter financial conditions in major trading partner...

Fiji Airways hosts President Ratu Wiliame at aviation academy

The Fiji Airways Aviation Academy in Nadi hosted President Ratu Wiliame Katonivere this afternoon marking his first visit to the academic in his capacity as Head of State since the facility opened in October last year. Fiji Airways managing director and CEO Andre Viljoen briefed Ratu Wiliame on the features of the academy and the...

Divestment of EFL shares: Come clean on sale to a foreign investor – Kamikamica

The People’s Alliance deputy party leader Manoa Kamikamica has quizzed the need for the Government to offload Energy Fiji Ltd (EFL) shares to a foreign investor when it was making profits. In a statement, he called on Economy Minister Aiyaz Sayed-Khaiyum to come clean on the divestment of EFL shares to a foreign investor. He...

22nd September

Believing in ourselves

This week saw the end of an era with the funeral of the Late Monarch of the Commonwealth, Her Majesty Queen Elizabeth II. Regardless of where you stood on the Royal Family, one cannot simply look past the fact that Her Majesty had brought about change to an inherited position, modernising the monarchy, its interaction...

Resort celebrates housekeeping week

Sheraton Fiji Golf & Beach Resort and Sheraton Denarau Villas celebrated their housekeeping staff last week. International Housekeeping Week is celebrated annually on the second week of September. Marriott International Fiji properties took special interest in celebrating their housekeeping staff this year as their work became crucial to guest and staff safety during the COVID-19...

ANZ bank executives emphasise the need for a support system

Women in Business hosted a networking and knowledge sharing session over breakfast at The Greenhouse Studio this past Wednesday to honour the support they’ve received from ANZ. Owing to ANZ sponsoring the Women in Financial Institutions Award for the upcoming 2022 Women in Business Awards, the networking session was attended by the ANZ Group Executive...

Bookings look solid

Tourism bookings from the Canadian market are well above the 2019 level while that of the Northern American market looks solid. Tourism Fiji chief executive Brent Hill said the Nadi Vancouver promotional flight allowed the team to seal the deal and carried out a lot of work in terms of marketing in these particular markets....

Airline has capacity to cater for flights

Fiji Airways has enough fleets to meet its demand particularly when it begins the Nadi Vancouver flight on November 25. Managing director and chief executive Andre Viljoen said this as the national carrier begins its preparations for the much-anticipated inaugural flight in two months’ time. “We’ve got capacity and especially with Hong Kong closed and...

Milestone deal – Bid to level the playing field for small businesses

A milestone partnership was formalized yesterday by organisations dedicated to elevate MSMEs (especially women-led) from the informal sector to the formal sector. The South Pacific Business Development (SPBD), Women Entrepreneurs Business Council (WEBC) and the Financial Management Counselors Alliance (FMCA) signed the memorandum of understanding which would see WEBC and FMCA provide training and mentoring...

Ministry: Fiji’s import of sheep meat and lamb fluctuated over past five years

The import status of sheep meat and lamb has tremendously fluctuated over the past five years with 4629 tons of sheep meat imported in 2021 from Australia and New Zealand Minister for Agriculture Dr Mahendra Reddy made the comment while handing over pairs of F1 sheep breeds, together with three breeder bucks to three goat...

Partnership to migrate women in business to formal sector

A collaboration between three organisations – the South Pacific Business Development, Women Entrepreneurs Business Council and the Financial Management Counselors Alliance – will see them working together to migrate women in business in the informal sector to the formal sector. WEBC chairperson Eseta Nadakuitavuki said the partnership was for the next five years. During this...

FCLC to promote Parametric Microinsurance cover

The Fiji Crop and Livestock (FCLC) has been appointed to promote the Parametric Microinsurance Cover provided under the Parametric Insurance and Climate Adaptation Programme (PICAP). Anticipated to be an exciting opportunity for farmers, the PICAP is jointly administered by the United Nations Capital Development Fund (UNCDF), the United Nations Development Programme (UNDP), and the United...

21st September

Affordable electric vehicles for the local market

Australian company EVDIRECT.COM says it will bring affordable electric vehicles to Fiji. In a press release, the company states it will be the importer, distributor and retailer of Build Your Dreams (BYD) Automotive products in Fiji, making it one of the first electric vehicle imports into the country. CEO and managing director of EVDIRECT.COM, Luke...

Kava products now available in Australian stores

The popularity of Lami Kava products have grown locally over the years and now its Lewena and Waka products are now available in packs of 100g and 50g in the Australian market. This has been made possible through its collaboration with Sydney-based HiLands Foods which is the sole distributor of Lami Kava’s Noble kava varieties....

On a trial phase

Vodafone Fiji is in the phase of trialling its upcoming M-PAiSA Mastercard service with a select group of customers. In a press release issued yesterday the service provider said for those who would be included in the trial, Vodafone would send them a text message on their phone advising that their number had been included...

Vision-building at Sigavou Studios

“I never cease to enjoy my daily dose of bliss and immense pleasure looking at my paintings… I am blown away by the beautiful transformation they have made to my home.” This message from a recent art customer based in New Zealand highlights one of the most rewarding experiences of working as a local visual...

Fiji kava distributor expands network to Australia

Grog lovers in Australia will be thrilled to know that Lami Kava’s lewena and waka products are now available in packs of 100g and 50g in the domestic market. The collaboration with Lami Kava will see HiLands Foods be the sole distributor of this premium and quality noble kava varieties. General Manager for HiLands Food...

20th September

Interest in HOTEC grows

The Fiji Hotel and Tourism Association says the past two years have been particularly tough for the tourism industry and there is a keen interest in tourism’s peripheral businesses to showcase their wares for Fiji’s tourism sector. This year’s HOTEC will provide the industry stakeholders with the perfect platform to showcase what they have to...

Fong highlights focus – Service provider plans for greater coverage and connectivity

Singapore-based satellite company Kacific was established at the end of 2019 and activated its services in early 2020 – around the time when most economies were struggling under the impact of COVID-19. The company recently appointed former Amalgamated Telecom Holdings Ltd (ATH) chief executive officer Ivan Fong as its managing director for the Pacific region....

Bank awards primary school category winners

Prizes for the Primary School category of the Westpac Women and Girls Education Grant program have been awarded. Westpac Fiji has long supported gender equality in education and has been providing education grants to women in Fiji for over a decade. Initially the company offered 10 grants a year, this year increasing it to 30;...

$20,000 support for annual business awards

The Women in Business Awards has been described as an important event that recognises women leaders across various sectors and Vodafone Fiji has committed $20,000 towards the annual event. A press release from Vodafone Fiji said the company had partnered with WIBA for the Senior Manager (Private Sector) Award category. Vodafone Fiji’s chief commercial officer...

Support for local businesses

The Fiji Enterprise Engine (FEE) program has been influential in supporting local entrepreneurs to grow their business and more recently in adapting to the local business challenges and opportunities presented through COVID-19 and the war in the Ukraine, says Fiji Commerce and Employers Federation (FCEF) president Vinay Narsey. Described as the country’s first private sector...

Good news for tourism, economy

The recent statistics released by the Ministry of Commerce, Trade, Tourism and Transport show that Fiji recorded $337.5 million in tourism earnings in the second quarter of the year. The Fiji Hotel and Tourism Association chief executive Fantasha Lockington said not only was this good news for tourism but also for the Fijian economy. “We...

19th September

Telecom Fiji Ltd to develop TSLS mobile app

The Tertiary Scholarships and Loans Service (TSLS) signed a commercial agreement with Telecom Fiji Ltd to develop the TSLS mobile app last week. TSLS chief executive officer Hasmukh Lal said the application would provide real-time information on the student’s sponsorship and funding. “The mobile application will be compatible with both Google Play and Apple,” he...

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