Tonga Supreme Court overturns Reserve Bank order to remove Development Bank’s CEO
The Tonga Supreme Court has ordered that the CEO and executive of the Tongan Development Bank are to remain in place. The court has ordered that the Development Bank not engage in any economic development activities
Fiji: tourism up, but so is inflation
The Reserve Bank of Fiji Governor says despite uncertain prospects for the global economy, the recovery of Fiji’s tourism industry is providing momentum for domestic economic growth. However he has also flagged that
Fiji’s Reserve Bank cuts select interest rates
The Reserve Bank of Fiji has reduced interest rates in a bid to reduce borrowing costs for businesses and households. Commercial banks and licensed credit institutions operating in Fiji can now access funding from the
Fiji GDP down 9.7%: Reserve Bank
The Reserve Bank of Fiji reports that for the first nine months of the current fiscal year, Fiji’s government recorded a net deficit of F$905.0 million (-9.7% of GDP). Government expenditure ($2,256 million) almost
