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
Little light on power sale
By Netani Rika With Fiji caught in the darkness of a descending cloud of COVID-19, its government has pushed through the sale of a large portion of the national energy company to a Japanese consortium. In its initial
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
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
FNPF bargain-hunts for cheap assets
The Fiji National Provident Fund is eyeing good bargains in the assets-for-sale space, as the coronavirus pandemic coughs up distressed companies either looking for cash or offering themselves up for sale. FNPF CEO
Enough cash for next 12 months: FNPF
The Fiji National Provident Fund (FNPF) said it has enough cash to pay out to members who lose their jobs as a result of the COVID-19 pandemic’s impact on the Fijian economy. Amid growing concerns that the Fund is
