Business

Property of the year award for resort

The Fiji Marriott Resort Momi Bay is a proud recipient of the Fijian Property of the Year award announced at the 2021 HM Awards for Hotel and Accommodation Excellence, held in Sydney on December 3,...

Call for members to increase contributions

Fijians hoping to invest in a home have been encouraged to additionally increase their contributions with the Fiji National Provident Fund to allow them to do so. Fund general manager member services Alipate Waqairawai uttered the advice to about 50 members during the member forum at the Returned Service League Hall in Lautoka on Wednesday...

$55k investment

Wild Tiger’s restuarant offically opened it’s newest eatery at the My FNFP Centre in Nadi yesterday, an investment worth around $55,000. Restaurant owner Satya Nadan said the My FNFP Nadi Centre which was the latest buzz in the tourist town has presented him a great opportunity to extend his food business further. “We have employed...

Flight cancellations

There have been less than 1000 cancellations from the 75,000 visitors that were booked to come in December and January. Tourism Fiji chief executive officer Brent Hill said these cancellations were not based on the concern for Omicron but around the three day home quarantine such as in New South Wales and Victoria which was...

Industry back on track, says Hill

Tourism Fiji has indicated the industry has been doing really well in the first week after opening international borders on December 1. During the Fiji Hotel and Tourism Association media session held yesterday, Tourism Fiji chief executive officer Brent Hill said apart from a few minor teething issues the sector seemed to be getting on...

95 per cent visitors from travel partner countries

Fiji is quarantine free unless you are coming from a non-travel partner country, according to Tourism Fiji CEO Brent Hill. He said about 95 per cent to 98 per cent of the arrivals were people coming from travel-partner countries. “I think our first flight from Singapore comes in this week that has some people from...

6th December

Industry urged to keep Fiji a safe destination for tourists

The rest of the world is also opening up, says Minister for Aviation and Minister for Economy Aiyaz Sayed-Khaiyum. He said those in the tourism industry should be reminded that other competitive markets were also trying to get tourists back into their countries. “So I would like to urge everybody now and just to remind...

Local car rental company anticipates a full booking

Sigatoka-based Coastal Rental Cars Pte Ltd is expecting a full booking in the coming weeks with tourist numbers expected to increase during the festive season. Managing director Jeral Sharma said there was good feedback after the border re-opening. “The way it is looking now, in another two weeks’ time, we should be fully booked out,”...

‘Satisfactory level’ – Firm achieves operating result close to previous year

Vision Investments Ltd achieved an operating result close to the previous year, despite the closure of operations in major commercial districts in Fiji during the resurgence of the second wave of COVID-19. According to a statement from the group, the pandemic had severely impacted the Central and the Western regions of Viti Levu, where all...

5th December

AMA revenue hit $5m mark

The Agro Marketing Authority (AMA) revenue grew from $2.3 million in 2017 to $5 million in 2021, says Minister for Agriculture, Waterways and Environment Dr Mahendra Reddy. Dr Reddy said this growth of 114.5 per cent was achieved through export sales. “This growth is mainly attributed to the increase in AMA’s international markets, expansion of...

Telekom Malaysia signs up for country’s 5G trials

KUALA LUMPUR (Reuters) – Telekom Malaysia on Saturday said it will be conducting 5G trials with a state-run agency ahead of a planned roll out of 5G network services this month. The telecommunications firm said it will be participating in the pilot trials in some parts of the capital, Kuala Lumpur, and two other urban...

Linda keeps it clean; ventures into soap business

Former resort manager Linda Andrews came all the way from Nadi to be part of the AWEsome Fiji Holiday fair at the Thurston Gardens in Suva yesterday to promote her signature handmade soap. The owner of the Haven Skincare said she started her soap business late last year after losing her job to COVID-19. She said her signature...

4th December

BSP appoints Rao as new head of operational risk

BSP Financial Group Ltd (BSP) has appointed Vrinda Rao as the new head of operational risk for the bank, making her the third female to join the bank’s executive committee (EXCO). In a statement, the bank said Ms Rao joined the bank 12 years ago and progressed through the ranks to her recent role as...

Uluiviti appointed ANZ Fiji’s COO

ANZ Bank Fiji country head Rabih Yazbek has appointed Viniana Uluiviti as the chief operating officer for the bank effective from December 13. In a media statement Mr Yazbek said “Vini’s strong leadership skills, effectiveness in managing stakeholders and ability to deliver results will help us continue to create a better banking experience for our customers and...

$4.4m profit for Asco

Toyota Tsusho (South Sea) Ltd, trading as Asco Motors, recorded $4.43 million profit for the half-year ended September 30, 2021 compared with $1.93m recorded for the same period last year. In a market announcement through the South Pacific Stock Exchange (SPX), company chairman Masahiro Kuwahara said the financial results for the half-year ended were $1.47m above...

Marina feels the ripple effect from international border opening

Reopening of Fiji’s international borders is very encouraging for Port Denarau Marina (PDM), says it’s chief executive officer Cynthia Rasch. Ms Rasch said the ripple effect of the borders reopening was definitely felt at the PDM. “It’s a massive improvement and a lot better than what it used to be in the past few months,” she...

An emotional time for Fiji’s tourism industry

The reopening of Fiji’s international borders is an emotional time for the tourism industry. This according to Essence Group Fiji managing director Debra Sadranu. “We will now have the much needed revenue starting to flow in and that is going to filter right through not only to the hotels but also to the tourism operators...

Rosie Travel records 6000 bookings

One of the country’s biggest tourism operators Rosie Travel Group, has received 6000 bookings. This was revealed by managing director Tony Whitton. “We have waited close to 630 days for this day to come and I think it is an important milestone as a country because we have been patient for over a span of...

Lockdown allowed Fund to renovate hotels

The Fiji National Provident Fund CEO Viliame Vodonaivalu said lockdowns, travel restrictions and the shutdown of international borders allowed the fund to upgrade two of its major hotels, Sheraton Fiji Resort and the Westin Resort, both located on Denarau Island. “While local tourism provided some cash flow relief, the resultant effects of the second wave of the...

Entrepreneur expands her business

Lautoka businesswoman Ritta Raj Kumar is not letting the challenges brought on by the COVID-19 pandemic stop her from expanding her business. Mrs Kumar opened the second Ritta’s Fashion outlet in the Sugar City where she hoped the festive season would bring more customers to her new store along Namoli Avenue. “We opened a second...

Heightened interest for Port Denarau

Port Denarau Marina has received heightened interest in new commercial tenancies, says chief executive officer Cynthia Rasch. According to the CEO’s statement in the Port Denarau Marina Annual report 2021 they were excited to note new innovative business ventures within the marina opening their doors soon. “We all hope that 2022 will be the year...

FRCS staff working under ‘cloud’ of fear

Fiji Revenue and Customs Service (FRCS) staff members are working under a cloud of fear and uncertainty after random and enforced voluntary redundancies to reduce the FRCS workforce by over 230 employees. This, according to National Federation Party leader Professor Biman Prasad during debate on the Customs Tariff (Amendment)(No. 3) Bill 2021 in Parliament on...

Tourism Fiji sign three-year MOU with Trip.com

Tourism Fiji and global travel service provider Trip.com has signed a three-year strategic Memorandum of Understanding (MOU) focussed on promoting outbound tourism to Fiji and developing its exposure to the global Chinese community. The agreement was signed in an online ceremony attended by Tourism Fiji CEO Brent Hill and Trip.com COO Schubert Lou. According to...

Fijian supermarket chain opens new store in Nadi

Supermarket chain RB Patel Group Ltd has opened its newest store at the My FNPF Centre in Nadi. According to the company, over the last two years in the midst of the COVID-19 pandemic, the company ensured its stores had provided the highest levels of safety, comfort and uninterrupted supply of products for its customers....

Fiji TV granted broadcast license for 12 years

Fiji Television Ltd has been granted a Television Broadcast Operator License for a period of 12 years. That became effective on Wednesday, December 1, 2021. The license was granted on Thursday under the Television and Online Streaming Act 1992 by Attorney General and Minister of Communication Aiyaz Saiyed-Khaiyum. According to the company’s announcement to the...

Better sound and picture quality expected with switch to digital television services

Fijians can now expect better television sounds and picture quality, fewer signal interferences and a wider choice selection on free-to-air channels nationwide after the switch to digital television services from analogue. The progressive transition to digital television started on December 1, 2021, in the Navua-Korovou and Lautoka-Nadi corridors. Through a mix of terrestrial and satellite...

3rd December

Alternative financing platform for businesses

Fijian businesses now have an alternative financing platform after the implementation of the Listing and Trading Rule Book for wholesale corporate bonds, and the launch of the newly formed subsidiary company, SPX Trustees Ltd (SPXT). South Pacific Stock Exchange (SPX) acting chief executive officer Pretesh Prasad said “after the announcement of various tax incentives by...

Whiteside is new chairman for Kontiki

Former Reserve Bank of Fiji governor Barry Whiteside is the new chairman of Kontiki Finance Ltd, effective from yesterday. KFL had its annual general meeting in Suva on Wednesday and Mr Whiteside’s appointment was announced at the meeting. In a market announcement yesterday, the board and management of KFL thanked outgoing chairman Daryl Tarte who...

FNPF records $543m income

The Fiji National Provident Fund managed to record a net income of $543 million in 2021 compared with $370m in 2020 despite the current upheavals, says CEO Viliame Vodonaivalu. In his 2021 annual report message, he said members’ funds also grew from $6.3 billion in 2020 to $6.4b this year. “After meeting all required expenditure,...

Bill to allow hotels to have 5-year licences

The Hotels and Guest Houses (Amendment) Bill 2021 seeks to allow the issuing of hotel licence for a term up to five years. Attorney-General Aiyaz Sayed-Khaiyum said it was up to the person seeking the application. He said this, of course, created efficiency. “We have talked about the ease of doing business, this puts less...

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