The economic impact of the COVID-19 pandemic is starting to show in declining consumption and investment indicators says Fiji’s Reserve Bank. In its latest Economic Review, the Bank says cumulative to April, domestic cement production dropped by -31.3% and sales by -20.4%. New lending for building and construction was down…
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This week's sitting of the Fijian Parliament in the capital Suva continued without the country main opposition party SODELPA following its suspension by the Registrar of Political Parties, who is also the country's Supervisor of Elections, Mohammed Saneem. The suspension is for 60 days, during which the party will…
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The Fijian Government used its majority in parliament this week to fast track the passing into law of two bills aimed at assisting its financially troubled national airline as a result of the adverse impacts of the COVID-19 pandemic. Over two days, a bill granting a government guarantee for a…
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The Fiji Parliament will be today asked to urgently grant a government guarantee for a loan to keep Fiji Airways afloat, as the adverse impacts of the COVID19 pandemic begin to bite on the national airline. Attorney General and Fiji's economy minister Aiyaz Sayed-Khaiyum says the airline needs a loan…
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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 were lodged, and close to 4,600 members will be paid out this week. Government subsidies accounted for…
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