Can mining dig Fiji out of COVID hole?
Fiji’s minerals sector is tipped to lead its post-COVID economic recovery, with gold production expected to strengthen later this year and interest in gold prospecting on the rise. “The mining sector
Business
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
Tuvatu gold prospect could be Fiji’s next Vatukoula: MRD
The Tuvatu Alkaline Gold Project in Fiji’s Western Viti Levu is likely to be the country’s next big gold gig, potentially rivalling the size of the neighbouring Vatukoula Gold Mine, the only active gold mine
Fiji Business briefs: Pasifika Heartbeat, trade expos
Fiji’s Minister for Economy says there will no civil service pay cuts. Speaking from Singapore during an online budget consultation, Aiyaz Sayed-Khaiyum said the government’s wage bill is $1.1 billion (US$500
Fiji business briefs: Reserve Bank outlook, Fiji TV, childcare opportunity costs
The Reserve Bank of Fiji Governor says Fiji could see a marginal economic recovery if borders open towards the end of the year. Ariff Ali says economic recovery will depend on fiscal support provided by the government
Sailing into the future: the decarbonisation agenda
Pacific Island nations risk being left behind in the race to decarbonise the shipping industry, despite leading the way on this issue at the International Maritime Organisation (IMO). Dr Peter Nuttall, who is the
Fiji business briefs: Port Denarau Marina, Lautoka Port, BSP Convertible notes
The United States is contributing US$2 million (FJ$4.07 million) to the Pacific Financial Technical Assistance Center (PFTAC). First established in 1993 to promote macro-financial stability in the Pacific island
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
SPBD Responds to TC Yasa
Cyclone Yasa bought a wet and windy full stop to a very difficult year for Fiji’s people. South Pacific Business Development Fiji General Manager, Elrico Munoz, says their Vanua Levu, Rabi and Taveuni clients were
Fiji Business briefs:Lion One, RB Patel, Fiji Airways
Lion One Metals Ltd has received high-grade gold results from two recent drill holes, one deep and one shallow, at its 100% controlled Tuvatu alkaline gold project in Fiji. It describes the interval discovered
Bleak prospects for Pacific tourism
Pacific island countries should not expect international travel to resume in earnest until late 2021, travel and aviation experts have warned. ‘You should forget the US market for 2021, as well as Europe and the
Business confidence grows: PTI
Pacific Trade Invest says 78% of respondents to its latest survey of Pacific businesses are confident their businesses will survive the COVID-19 crisis. However the impact of COVID-19 on businesses has slightly worsened
Worry for PNG business leaders
At a brief sitting of Papua New Guinea’s parliament in November – with all Opposition MPs absent – the James Marape government passed its 2021 Budget, before abruptly adjourning until next April. Treasurer Ian
Women Micro-entrepreneurs Graduate from First South Pacific Business Development’s (SPBD) Business Accelerator Program
The first and only Business Accelerator Program for micro-entrepreneurs in Fiji has successfully graduated nine businesswomen in a simple ceremony on 6th November 2020. This intensive six-month program, which combines
SPBD Fiji Bloom Accelerator Program
The goal of the Fiji Bloom Business Accelerator program is to develop a culturally tailored and gender-focused accelerator to provide ambitious entrepreneurs in Fiji’s rural villages with the support needed to take
Female-led businesses suffer more under COVID-19
“From capital to develop and export goods like coffee, to training and support with digital platforms, Pacific businesses – especially female-led business – are in urgent need of tangible support,” says the
Fiji welcomes World Bank business ranking review
The Fiji government has welcomed the World Bank’s decision to pause publication of its 2021 Doing Business Report. In a statement released last week, The World Bank said a number of irregularities had been reported
Fiji Budget wrap
Fiji’s 2020-21 National Budget will see the Government attempt to spend its way out of the COVID-19 induced recession. “Barring drastic intervention, our economy may never fully recover; not this year, not next
Surveying the damage: The COVID effect
It is a season of surveys across the Pacific. Governments, international organisations, industry bodies and chambers of commerce are surveying the private sector to assess the impact of the COVID-19 pandemic. While the
New Vanuatu government to struggle with economy
Vanuatu’s citizenship scheme has been the focus of political campaigns as the country goes to the polls this month. One of Vanuatu’s biggest revenue sources, sales of Vanuatu passports through various
Agriculture: Niche markets still key
The need for Pacific island agricultural exporters to target niche markets has long been accepted wisdom. A report produced by the Pacific Horticultural and Agricultural Market Access (PHAMA Plus) program late last year
Agriculture: Generation Farm
On sweltering day in Suva this month, a sea of proud agriculture students decked out in bright blue graduation gowns and salusalus (garlands) posed for selfies with their families. Graduates of the Fiji National
FNPF challenges…and regional opportunities
The Fiji National Provident Fund continues to be concerned by low levels of savings by its members on retirement and the need to extend its coverage to the informal sector. The FNPF says that in 2019, 66 per cent
