FIJI BUSINESS NEWS ....................
Commercial banks and credit companies operating in Fiji have been told that people heading their Fiji operations should be “cultural sensitive” and prepared to assist in developing the nation. ... more
Consumer complaints against commercial banks and financial institutions in Fiji are on the increase as customers are left in the dark about “hidden” fees and charges on their accounts. ... more
The South Pacific Stock Exchange board has elected Mesake Nawari its new Chairman. ... more
The Fiji National Provident Fund and government will receive a total of more than $11 million at the end of the month when dividends from shares held with Amalgamated Telecom Holdings Limited will be disbursed. ... more
Fiji’s recovery may be slower than those of its Pacific neighbours but there are signs that it is picking up, said ANZ’s chief economist Asia Paul Gruenwald. ... more
The construction of the new US Embassy complex in Tamavua is estimated to inject an economic impact exceeding $50mln to the local economy, says complex project director Tracy Thomas. ... more
Fiji supermarket chain RB Patel Group Ltd this month announced a F$45 million income turnover for the six months to December 2009. ... more
Toyota Tsusho (South Sea) Ltd, trading as Asco Motors in Fiji, has declared a dividend payout of over $982,254 and closed its share registry this week. ... more
A new Fiji body set up to spearhead the government’s microfinance campaign wants 150,000 people in Fiji to have access to banking services by 2014. ... more
Digicel Fiji today announced a slash in call rates to 5 cents every 30 seconds on its pre-paid business, getting attention from rivals Vodafone. ... more
Fijian Holdings Limited (FHL) announced Monday it has purchased shares in Fijian Property Trust (FPT) Company Limited belonging to the Fijian Affairs Board, making FPT its fully-owned subsidiary in the process. ... more
Tourism Fiji’s India road show was a success as there was enthusiasm shown by travel agents and wholesalers in India. ... more
Australian Law firm Minter Ellison has been engaged by Fiji’s Ministry of Justice to carry out a “comprehensive review” of the Companies Act, the registration of Business Names Act and related laws and regulations. ... more
Westpac Fiji has announced a net profit after tax of $26.5 million for its 2009 financial period from 1 October 2008 to 30 September 2009. ... more
The Reserve Bank of Fiji says inflation in December 2009 stood at 6.8 percent, an increase of 0.8 percent from the previous month and a 0.2 percent increase over 2008. ... more
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Timoci Natuva and Ratu Epeli Nailatikau President briefing on Hurricane Tomas at the DISMAC office in Suva.
