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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FIji Business Briefs: SPX, Fiji Airways, Thunderstruck
It is reporting season at the South Pacific Stock Exchange, with ATH, Communications Fiji, Kontiki Growth Fund and FijiCare all reporting profits. Plus Fiji Airways celebrates 70 years and exploration is underway at
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 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
Jobless numbers soar in Fiji
Unscripted and unplanned, Fijians have returned quietly to the land and the sea over the past months as the impacts of job losses brought about by the COVID19 pandemic began to bite. In the tourism belts of Nadi and
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
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
20% suspended pay for Fiji cabinet, MPs
Suspending 20 per cent of pay for government ministers as well as all members of the Fijian Parliament formed a key part of Fiji’s COVID 19 response budget handed down in a special sitting that ended a short time ago.
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