Business

Parliament – Small Grant Scheme funded 171 projects since 2018

The Small Grant Scheme (SEG) has funded a total of 171 projects at a combined cost of $12.6million. This was revealed in a written response provided by Fiji’s Prime Minister Voreqe Bainimarama following a question...

White House suggests Congress pass standalone bill to help U.S. airlines

WASHINGTON (Reuters) – Giving U.S. airlines $25 billion in aid over the next six months could save more than 30,000 jobs, White House Chief of Staff Mark Meadows told reporters on Thursday after meeting with the companies’ top executives, suggesting lawmakers approve a separate assistance package for the struggling corporations. Congress has been deadlocked over...

Port Denarau Marina: Blue Lane initiative attracts 72 vessels

The Blue Lane initiative has so far attracted 72 vessels, including six superyachts and several pending applications. This was revealed by publicly-listed company Port Denarau Marina in its market announcement via the South Pacific Stock Exchange (SPX). Company chairman David Skeggs said it was pleasing to see the gradual increase in their occupancy from the...

Fiji can expect new innovative programs to support green growth investments

Fiji can expect new innovative programs supporting ‘Green Growth Investments’ to emerge through strengthened engagements between the Fijian Government and the Global Green Growth Institute (GGGI), an international organisation dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing economies. This was emphasised at a meeting held on Monday this week between...

17th September

Businesses urged to work with councils

Businesses in the Western Division have been urged to work with municipal councils on developments within their towns and city. Local Government Minister Premila Kumar made the comment while touring the region last week. She met with representatives from municipal councils and local businesses to discuss current and future developments. Speaking to members of the...

FNPF makes good on members’ missed payments

The Fiji National Provident Fund (FNPF) will make a special payment for 1195 members who were inadvertently missed out in scheduled payments in the last two fortnights. According to FNPF, the majority of these members were in the phase two cycle two and others were in phase three. FNPF stated while the Fund had publicised...

The show goes on

Value City is back in business in the Capital City, four months after a fire destroyed its Suva Flea Market branch. The second-hand clothing chain aptly reopened at the site of the former Regal Theatre on Suva’s Victoria Pde. Value City Regal outlet was opened by Australian High Commissioner to Fiji John Feakes, who lauded...

Slipway rehab

The Fiji Ships and Heavy Industries Ltd (FSHIL) for many years have been providing ship repairs, maintenance, heavy industries services and emergency slipping in Fiji and around the region. The company, a subsidiary of the Fiji Ports Corporation Ltd (FPCL), is 100 per cent owned by the corporation when it took over in 2010 with...

Air New Zealand plans to cut up to 385 more cabin crew jobs

SYDNEY (Reuters) – Air New Zealand Ltd <AIR.NZ> said on Wednesday it aims to cut up to 385 more cabin crew jobs due to the lack of long-haul international flying, which would take its COVID-19 related job losses to around 37% of its workforce. The percentage figure is higher than the cuts to nearly 30%...

16th September

Bus firm unveils four new coaches

Pacific Transport Ltd has added four new coaches worth $1.2 million to its fleet. According to a statement from the company, the batch of four new coaches were Euro 4 compliant and powered by rear-mounted inter-cooled turbocharged UK Cummins engine which generated maximum power with low fuel consumption. “These four coaches will service Suva, Lautoka,...

15th September

Council sets up in Fiji

The outsourcing sector was greatly impacted by COVID-19 as global lockdown made thousands of call centre staff unavailable, especially in India and the Philippines. This according to Business Process Outsourcing Council of Fiji chairwoman, Carol Watkins, who said airlines, banks and telecom companies, as a result of the pandemic, were forced to re-shore jobs. Speaking...

‘Money must exchange hands’

Financial products developed by the banking sector should be tailored to reach out to those financial resources which are locked in the rural, interior and maritime divisions, according to the Minister for Agriculture, Waterways and Environment Dr Mahendra Reddy. While speaking at the signing of the memorandum of understanding between Bank South Pacific (BSP) and...

Closure of hotels reduces volume of recyclables

Despite the closure of hotels because of COVID-19, local recyclers, Waste Recyclers (Fiji) Ltd have drawn out new plans to combat the financial impact. The company’s senior consultant, Amitesh Deo, said the global crisis had a major impact on the business. “The closure of resorts means we receive far less recyclables than we would under...

Trading resumes for KGF shares on stock market; voluntary suspension lifted

The South Pacific Stock Exchange (SPX) yesterday lifted the voluntary suspension in trading for Kinetic Growth Fund Limited (KGF) shares with immediate effect. This followed the release of its 2019 audited financial statements and annual report as well as its 2020 half year financial results. The voluntary suspension request was related to the entity’s delay...

14th September

Firms put out ‘tax reduction’ prices

An additional 21 businesses have been commended by the Fijian Competition and Consumer Commission (FCCC) for reducing their prices to reflect reductions and exemptions of duties and taxes which were part of the 2020-2021 National Budget. FCCC chief executive Joel Abraham said it was encouraging to have these businesses step up and be responsible by...

CCF alerts Fijians of dubious offers

The Consumer Council of Fiji has noticed dubious special prices and multi-buy deals costing shoppers more than buying the same items when not on the so-called discounts. According to a statement from the CCF, in a recent case a supermarket had placed bright special signs on the shelves for most of the food items, however,...

E-Edition