Report highlights education investment as key to Pacific economic growth
The World Bank’s latest Pacific Economic Update underscores the imperative for investment in education to sustain economic momentum amidst projected deceleration in growth across Pacific island countries. According to the report, growth in the region slowed to an...
Opportunity for Investors as Fiji Sugar Corporation plans land utilisation
In a strategic move to revitalise its operations, the Fiji Sugar Corporation (FSC) is offering an opportunity for joint venture participation or outright sale of approximately 1000 acres of its land, presenting a lucrative investment prospect for investors. Following...
FCCC rejects EFL’s tariff hike over renewable energy concerns
The Fijian Competition and Consumer Commission (FCCC) has delivered a decisive blow to Energy Fiji Limited’s (EFL) bid for an electricity tariff increase, highlighting significant concerns regarding the proposal’s implications for consumers and the nation’s renewable...
Fijian ginger powers ag exports; demand in Australia surges
Fiji’s ginger industry is experiencing a remarkable surge, capturing the attention of global markets and igniting optimism among farmers and policymakers alike. Agriculture Minister Vatimi Rayalu recently lauded the industry’s continuous success as a prime export...
FMF Group unveils F$220m hotel project with Rydges Australia
Hari Punja & Sons Limited, the cornerstone of Fiji’s FMF Group (Flour Mills of Fiji), renowned for its diverse interests spanning from food manufacturing to real estate development, is set to make waves in the tourism sector. FMF Foods, a subsidiary of Hari Punja...
Report raises concerns of RBF independence; recommends longterm bonds
A recent report jointly released by the Pacific Network on Globalisation and Third World Network delves into Fiji’s economic strategy, urging the nation to secure concessional finance to bolster its development efforts while effectively addressing climate adaptation...
PM Marape applauds progress as Porgera Mine reopens
Papua New Guinea Prime Minister and Treasurer James Marape has expressed his satisfaction with the latest update from New Porgera Ltd (NPL) regarding the reopening of the Porgera mine. He welcomed the news that the restart process is progressing well and remains on...
Tourism sector thrives with F$1.3 Billion new investments
Tourism remains a key sector for investment, with several projects worth F$1.3 billion currently under way, as revealed by Deputy Prime Minister and Tourism Minister Viliame Gavoka during the 2023 ANZ Fiji Excellence in Tourism Awards gala dinner recently. This event...
Fiji news round-up: Outsourcing visas; New luxury hotel
This Fiji news round-up comes through the courtesy of Islands Business Magazine. Fiji to pilot outsourcing of some passport and visa services Fiji’s Cabinet has given green light for the piloting of outsourcing of some passport and visa services. The initiative will...
Joint Councils’ trade delegation impressed with potential in Samoa, Fiji
Members of the Australia Pacific Islands Business Council and the Australia Fiji Business Council joined the Trade & Investment Queensland’s trade mission to Samoa and Fiji. The Business Councils’ Executive Director Frank Yourn shared insights from the mission...
ANZ Bank economist highlights Pacific economic trends, challenges
Kishti Sen, Australia and Pacific Economist at ANZ Bank, was invited to speak at 2024’s first executive meetings of the Australia Pacific Island Business Council and the Australia Fiji Business Council in Sydney on 15 February. Dr Sen provided a comprehensive overview...
Joint Councils’ trade delegation impressed with potential in Samoa, Fiji
Members of the Australia Pacific Islands Business Council and the Australia Fiji Business Council joined the Trade & Investment Queensland’s trade mission to Samoa and Fiji. The Business Councils’ Executive Director Frank Yourn shared insights from the mission...