Business

Deal to open ‘capacity building opportunities’

Pacific Tourism Organisation (SPTO) chief executive officer Christopher Cocker says “capacity building and regional networking opportunities are invaluable to professional growth and development and must be supported by regional agencies as the Pacific tries to...

Biogas an alternative for gas

Lautoka-based commercial piggery farmer Subhash Chandra’s household expense on purchasing cooking gas has significantly been reduced after the Ministry of Agriculture provided him with a biogas digester worth around $4000. Agriculture Minister Dr Mahendra Reddy, who was present during the handover, said a total of $250,000 has been allocated in the budget for biogas digesters...

Hotel appoints cluster manager

Hilton Hotel Fiji has appointed Australian Carey Osborne as their new cluster general manager. While announcing the new appointment, the resort, in a statement, said Ms Osborne would handle all aspects of hotel operations for the Hilton Fiji Beach Resort and Spa on Denarau Island and the Double Tree Resort by Hilton Hotel Fiji on...

7th August

A-G: ‘Need to establish standards in local businesses’

Attorney-General Aiyaz Sayed-Khaiyum has emphasised the need to establish standards in local businesses to ensure Fiji withstands overseas competition. In his address at the launch of the Prime Minister’s International Business Awards at the Grand Pacific Hotel in Suva, he said that was one of the main reasons why the Government had allocated an enormous...

Patel: 76 per cent of EFL employees below 40 years old

Seventy-six per cent of employees at Energy Fiji Ltd in 2021 were below the age of 40 years. This, according to the electricity provider’s 2021 annual report that was presented in Parliament last week. EFL chief executive officer Hasmukh Patel said they represented the new millennials. “We have marked 55 years of our very rich,...

2 per cent increase in EFL customers – Report

Energy Fiji Ltd had 210,320 customers in 2021, compared with 205,580 the previous year, says CEO Hasmukh Patel in the utility provider’s 2021 annual report that was tabled in Parliament last week. He said the additional 4740 customers marked an increase of 2 percent. “As Fiji had experienced unprecedented decade of economic growth, more Fijians...

6th August

FCCC’s worst three areas of complaints

Automotive, building and construction and white goods are the worst three areas of complaint to the Fijian Competition and Consumer Commission (FCCC). This, according to its 2018-2019 annual report that was tabled in Parliament last week. FCCC received a total of 649 formal complaints in the 2018-2019 financial year out of which 57 per cent...

Savusavu hotels fully booked

Hotels in Savusavu have been fully booked over the past few months. Savusavu Tourism Association president Delia Rothnie-Jones said their members have reported full occupancy. “Over the past few months has been really good with a lot of hotels full to capacity,” she said. “So we have had really good months with most accommodation providers...

EFL spends $77m on fuel

Energy Fiji Ltd CEO Hasmukh Patel said the electricity provider spent $77.7 million on fuel purchases in 2021. This was detailed in the company’s 2021 annual report that was tabled in Parliament last week. He said EFL has a dedicated Foreign Exchange and Brent Oil Hedging team that constantly and carefully monitor fuel prices and...

EFL to spend $428m on capital expenditure projects

Energy Fiji Ltd will spend $428.34 million on capital expenditure projects in the next five years. Company chairman Daksesh Patel said this in EFL’s 2021 annual report that was tabled in Parliament last week. He said new shareholders, Sevens Pacific Pte Ltd requested that EFL should prepare a five-year business plan instead of a three-year...

Fijian hardware company retains staff during COVID-19

One of the country’s leading hardware companies made every effort to retain staff at the height of the COVID-19 pandemic, despite being on the “back foot” when supply chains were affected around the globe. Vinod Patel and Co Pte Ltd chief operating officer Neelesh Pal Singh said they had to re-strategise in order to keep...

‘$2million tonnes not achieved’

Despite the injection of more than $452 million into the sugar industry since 2016, the two million tonnes of cane target has not been achieved, says the Ministry of Sugar Industry (MOSI). In a post on its Facebook page, the ministry said it injected the funds through various grants and subsidies. “The challenges that our...

$1.5m allocation for mechanisation program

A total of $1.5 million has been allocated by the Ministry of Agriculture for its mechanisation program. Minister for Agriculture Mahendra Reddy said the mechanisation initiative boosted exports from the sector recently. “In recent years, we have seen that one of the major drivers for increased productivity in the agriculture sector has been mechanisation,” Mr...

5th August

Challenges make Sonal stronger

Despite the impact of COVID-19 and spending two months in prison, Sonal Prasad pursued and achieved his business dreams. The director of Daumaka, a Labasa-based drapery shop, organised a party for his staff to thank them for standing together during the tough times. “It wasn’t easy for me and my wife because we just got...

‘Certain food establishments’ wilfully flouting safety laws

Restaurants, cafes and food establishments are under the microscope after the discovery of maggots in soup and a dead cockroach in a wrap. In a statement, Consumer Council of Fiji CEO Seema Shandil said “certain food establishments” were wilfully flouting food safety laws and standards. She said the council has found issues such as contaminated...

Work begins on $45m complex

Wairabetia, Lautoka, will be home to NewWorld IGA’s newest $45 million Centralised Distribution Centre. Attorney-General Aiyaz Sayed-Khaiyum officiated at the complex groundbreaking ceremony yesterday. NewWorld IGA chairman Pravin Patel said when operational, the centre would supply 19 of their own stores and many other smaller stores scattered around the country, including outer islands. “Despite the...

4th August

Tourism SMEs to benefit from training program

The Pacific Tourism Organisation’s (SPTO) Tourism Recovery Toolkit was launched in October 2021 and was designed with the guidance and input of a regional working group comprising representatives from Fiji, Kiribati, Nauru, Tonga, and Tuvalu. According to the SPTO the toolkit is designed to provide practical guidance to improve operational models and successfully connect tourism...

Industry stakeholders pay tribute to Campbell

Tourism industry stakeholders have paid tribute to the former managing director of Air Pacific, now trading as Fiji Airways John Campbell who passed away in Sydney recently. Mr Campbell has been hailed as a strong leader who managed to keep the national airline afloat after the coup of 2000 and the 9-11 terrorist attacks in...

EFL plans to list on stock exchange

Energy Fiji Ltd says its ultimate plan is to list on the South Pacific Stock Exchange after its governance came under the Companies Act. This is stated in EFL’s 2021 annual report that was tabled in Parliament last week. The annual report states Fiji Electricity Authority (FEA) was corporatised into Energy Fiji Ltd (EFL) on...

3rd August

EFL records $96.6m in 2021

Energy Fiji Ltd recorded a profit of $96.6 million in 2021, an increase of $13.5 million when compared with 2020, states its annual report that was tabled in Parliament last week. Company chairman Daksesh Patel said this level of profitability was achieved because of the good hydrology at Monasavu, low fuel prices and prudent operational...

2nd August

Partnership to improve digital payments system

VODAFONE Fiji is set to work closely with Australia’s mHITS Ltd over the next 12 months to implement the Australian company’s winning digital payments solution. At the conclusion of the Pacific Islands Fintech Innovation Challenge held in Singapore, Vodafone Fiji’s Head of e-Commerce and Corporate Affairs, Shailendra Prasad said it was a real learning experience...

Group notes increase in costs of goods and retail prices, shortage of labour

Vision Investments Ltd has informed its shareholders that the increase in oil prices, commodity prices, freight and logistics costs, were significantly pushing up cost of goods and the retail prices on the shop floor. The group released its 2022 annual report in which its board chairman Dilip Khatri said it was resulting in inflationary pressures,...

$641m revenue – ATH finally begins recovery from COVID-19 impact

The Amalgamated Telecom Holdings Ltd (ATH) has finally begun to recover from the debilitating impact of the COVID-19 pandemic on our people and business, says acting chief executive officer Juan Castellanos de Armas. ATH released its 2022 annual report which shows its group consolidated revenue closed at $641 million, representing an increase of 10.52 per...

Investment activity picks up

Invesment activity in Fiji contracted sharply over the past two years because of the pandemic as large projects came to a halt as a result of the lockdown restrictions, supply chain disruptions, labour market issues and overall uncertainty. The Westpac Wave July issue highlighted that because of the above-mentioned reasons the borrowing appetite for investment...

Central bank notes improvement in labour market

The domestic economic recovery is being supported by the rebound in tourism, says the Reserve Bank of Fiji. In its July economic review released yesterday, the RBF showed that cumulative to June, tourist arrivals totalled 205,529, which represented around 50 per cent of visitor arrivals in the same period in 2019 with majority of the...

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