Business

21st May

New in the market – Turning a hobby into a lucrative business

The local market caters for those who love pre-loved clothing, kitchenware and even second-hand vehicles. However there are not many options for those who may be interested in used furniture. A new business that just...

New appointments

The Fiji Times Pte Ltd has appointed John Kamea as the acting deputy editor The Sunday Times, Paula Tuvuki as the deputy chief sub editor and Rodney Duthie as the Sports editor effective from April 29, May 6 and February 1 respectively. Kamea started with The Fiji Times in September 18 and had worked in...

Insurance services made easier and accessible

Tower Insurance customers in the Western Division have access to the company’s digital insurance kiosk now available at the Asco Motors office in Lautoka. While launching the new digital platform yesterday, Tower Pacific managing director Paula ter Brake said the initiative would make insurance easier and more accessible for their customers. “When you work hard...

Credit guarantee scheme assisted businesses

During COVID-19 pandemic when the economy contracted by 17.2 per cent the first businesses to be affected were the SMEs. This was according to the Reserve Bank of Fiji governor Ariff Ali during the submissions to the Standing Committee on Public Accounts on the compliance audits relating to Micro, Small and Medium Enterprises Credit Guarantee...

Positive statistics – 46,680 visitors arrived in April this year

A total of 46,680 visitors arrived in Fiji in April this year. This latest figure from the Fiji Bureau of Statistics was welcomed by Tourism Fiji chief executive Brent Hill who stated he was thrilled and optimistic with these numbers. “We’re beginning to see more travellers come to Fiji as restrictions lift and I would...

20th May

Sweet investment

There has been a lot of focus on assisting small businesses with the aim to encourage them to improve and enhance their products and services. Grants have been provided by Government through the Fiji Development Bank to SMEs and MSMEs which has benefited those who qualified for these grants. Small business operator Aachal Reddy of...

Access to funding a major challenge

One of the major issues over the past years SMEs or micro small businesses were faced with was access to funding or credit. The Reserve Bank of Fiji governor Ariff Ali, during their submissions to the Standing Committee on Public Accounts on the compliance audits relating to Micro, Small and Medium Enterprises Credit Guarantee Scheme,...

First in the Pacific- Bank to issue recycled plastic bank cards

ANZ is the first bank in the Pacific to issue recycled Visa debit cards which will be produced using a minimum of 70 per cent recycled plastic. ANZ acting regional executive for the Pacific, Ravendran Achari said consumers were increasingly moving away from ‘first-use’ plastic, including shopping bags, water bottles and straws. “Now, as customer...

18th May

Last year was a good year for service provider

The year 2021 was a good year for Aon (Fiji) and for its clients despite the challenges presented by COVID, according to general manager Steve Vincent. He said there were no major cyclone events in Fiji last year, which was a big risk factor for the company as it caused the most damage. “Because we...

Struggle of SMEs

The opening of the local and international border has not brought the economic uptake for SME business owners as expected. According to Fiji SME Business Owners Network founder Kim Beddoes, the perception with the reopening was that economic activity would pick up and the problems for SME owners would disappear. “It has been nothing of...

17th May

Tourism, jobs expected to rise

The completion of the much anticipated Nawi Island is expected to spur an increase in tourism which will increase employment opportunities and, more importantly, feed into and assist tourism and SME partners throughout the Northern Division. In a media statement the Nawi Island management said they were working with other local stakeholders to form strategic...

Investment pays off – Family members support each other in moving business ahead

Hemal Khatri took a chance and registered his own photography and cinematography business – Special Moments Photography & Cinematography and Photography Studio – in 2019 only to be hit by COVID-19 pandemic the following year. “Things were difficult because during the pandemic I had lost my day job and so I decided to give my...

16th May

Watchdog notes rise in expired goods being sold

There has been an influx in cases of expired goods being sold to consumers, according to the Consumer Council of Fiji (CCF). This came after continuous market surveillance by the council over the past week. It was stated that businesses took advantage of the shopping hype for Eid celebrations by placing expired and near-expiry products...

RBF maintains OPR at 0.25pc

Reserve Bank of Fiji (RBF) board has maintained the overnight policy rate (OPR) at 0.25 per cent. In a statement from the bank, the Governor and chairman of the board, Ariff Ali, noted that while some major trading partner economies had started to tighten their monetary policy stance to contain rising price pressures, safeguarding growth...

Expo promotes network – Fynch

An international buyer says this year’s Fijian Tourism Expo allowed them to unlock quite a lot of things that have been blocked from the past. Hotelbeds head of sourcing for the Australia, New Zealand and Pacific markets Matt Fynch said it was quite a huge relief to be able to travel to Fiji because most...

Westpac supports tourism industry

Fijian Tourism Expo gold sponsors Westpac, is optimistic about the future for tourism in Fiji and is proud to have been a major sponsor at this year’s exchange. Westpac Fiji chief executive Shane Smith explained the bank was committed to the event because of its recognition of the tourism sector’s enormous contribution to the national...

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