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

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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

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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

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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

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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

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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

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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

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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

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FNPF members urged to buy cane farms as sugar industry struggles

Fiji’s Sugar Cane Growers’ Fund (SCGF) is calling on Fiji’s working population to buy sugar cane farms, as more farmers go out of business and defaulters plague its loans portfolio.  SCGF’s chief executive

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