Fiji Business Briefs: Fiji Airways, FNPF, Pleass
Fiji Airways unaffected by Boeing 737 MAX 9 Grounding Fiji Airways has issued a statement reassuring its passengers that its Boeing 737 MAX 8 fleet remains unaffected by the Federal Aviation Administration’s
FNPF soaks up unwanted Fiji Airways shares, buys 30% of airline for F$93.1m
The Fiji National Provident Fund (FNPF) has confirmed its acquisition of 30.02% of Fiji Airways was an outright F$93.1 million purchase of new shares and not a debt-to-equity swap as had been widely speculated since
FNPF zeroes in on zero balances
By Dionisia Tabureguci Over 50,000 Fiji National Provident Fund (FNPF) member accounts will scrutinised and reclassified as work gets under way to address the large number of 'zero balances' amongst members. 'Zero
FNPF Builds for the Future
The Fiji National Provident Fund has played a critical role in meeting the immediate needs of Fijians affected by job losses and hardship as a result of the coronavirus pandemic over the past 18 months. While it meets
FNPF to sell EFL shares
Barely a year after it bought a 20 percent stake in Energy Fiji Ltd (EFL), the Fiji National Provident Fund (FNPF) is in the process of selling it. While details have yet to be announced, Islands
Fiji Business Briefs: Fiji Kava, Survivor, FNPF, Fiji Airways
Fiji Kava has released its half year financial results (for the six months ending 31 December 2020) and it reports revenue of A$496,379 for the period, up 111% on the previous six months. Fiji Kava reported a statutory
Fiji pension funds are secure, says FNPF boss
Fiji’s workers’ pension fund, the Fiji National Provident Fund has reiterated that members funds are well protected and that the Fund has the capacity to meet partial withdrawals for members who have lost work
FNPF ponders telco investment
An invitation by Amalgamated Telecom Holdings(ATH) to existing shareholders to buy up more shares is still being considered by the Fiji National Provident Fund (FNPF). FNPF is the major shareholder, owning around 72% of
F$1.7m payout for 8,000 FNPF members today
Around 8,000 members of the Fiji National Provident Fund (FNPF) now have less than F$35 in their General Account (GA) after exhausting it over COVID-19 assistance. This was revealed by the Fund this week when it
Why we’re bailing out Fiji Airways: FNPF
The Fiji National Provident Fund (FNPF) is helping to bail out Fiji Airways as it is a strategic investment for tourism, which accounts for around 16 percent of the Fund’s investment portfolio. While
FNPF pays out F$49.1 million in COVID-19 scheme
The Fiji National Provident Fund says its has paid out F$49.1 million (US$22m) to 77,507 members under the COVID-19 withdrawal scheme, with most applications now processed. The FNPF says 86,854 applications in total
