Fiji cops $500m a year or 5% of GDP from flood and cyclones but Climate Change Act will shock Fiji’s financial system, says RBF

Tropical cyclones and flooding may be costing Fiji $500m (US$250 million) a year but the country’s climate action commitments under its new Climate Change Act, 2021 will expose its financial system to

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Jobs, consumption, investment continue to be subdued:RBF

The Reserve Bank of Fiji says recent locally transmitted cases and containment measures will prolong already subdued economic activity in the country. The RBF’s April statement reports that visitor arrivals were

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Fiji jobs, lending, tax revenue down

The Reserve Bank of Fiji has released another series of sobering figures, and says the coronavirus pandemic shows little sign of abating going into 2021. The Bank has recorded declines in jobs, government tax revenue,

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Adapting remittances to the new normal—the case of Fiji

Remittance flow falling victim to the COVID-19 pandemic was anybody’s guess.  It was only a matter of time before this realisation would hit global economies, and drastically, in most cases.  It was not

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Fiji confirms economic recession

The Reserve Bank of Fiji (RBF) has today confirmed Fiji’s sure path to an economic recession, as all sectors of the economy brace for the harsh impact of the current coronavirus pandemic. “Following almost a

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Chinese interest buys Fiji Care

By Anish Chand A Hong Kong based company is set to buy out the controlling shares in Fiji Care Insurance Limited.   Mount Sophia Ventures Limited has a registered company at Infinitus Plaza, 199 Des Voeux Road,

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Masitabua the central banker

By Mereseini Marau-Totoka Growing up in a settlement just on the outskirts of Fiji’s capital Suva, the newly appointed Deputy Governor of the Reserve Bank of Fiji Esala Masitabua saw the 18-storey building located on

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