23 January, 2021, 9:43 am Central - 30°C Rain

Ratings agency says Fiji experiencing improved investment

Ratings agency says Fiji experiencing improved investment

Saturday 12/04/2014
The international ratings agency Moody’s Investors Service said Fiji is experiencing improved business confidence and investment.

Moody’s Vice President and Senior Sovereign Risk Analyst Christian de Guzman said there has been an increase in construction activity in Fiji that is also reflected in the increase in investment in tourist facilities.

Guzman said they are seeing a lot of build up and they think that it is really due to an increase in confidence ahead of the elections.

De Guzman said increased investor confidence is reflected in an 18 percent growth in commercial loans in the last year.

He said the government has also taken considerable steps towards fiscal and debt consolidation that has boosted its sovereign credit worthiness.

Christian de Guzman said that Fiji has seen a healthy economic growth of between 2 and 3 percent over the last few years.

Story by:
Filipe Naikaso

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Drug and substance abuse in Fiji
Substance abuse including marijuana cases are on the rise amongst students in schools during the COVID-19 period, and urgent action is required.
31 days ago

Tropical Cyclone Yasa
The impacts felt from Yasa were large and wide. Many affected people had their access to essential things, like food and water, cut ...
39 days ago

Ratu Naiqama becomes Leader of Opposition after Rabuka resigns
Rabuka made the announcement while responding to the opening of the 2020-2021 Parliament ...
39 days ago
AG directs TSLB Board to review decision to raise GPA requirements
Minister for Economy Aiyaz Sayed-Khaiyum has directed the Board and CEO of the Tertiary Scholarship and Loans Board to urgently review the decision to...
2 hours ago
Google threatens to withdraw search engine from Australia
Google has threatened to remove its search engine from Australia over the nation's attempt to make the tech giant share royalties with news ...
2 hours ago

No active cases of COVID-19 in Fiji
There are currently no active cases of COVID-19 in Fiji. The Ministry of Health says there have been no new cases of COVID-19 since the 16th of ...
2 hours ago

Trump’s impeachment trial to start next week
Former US President Donald Trump's impeachment trial over his role in the deadly US Capitol riot is set to begin next week in the Senate. On ...
2 hours ago

More than 2,900 marijuana plants uprooted in Kadavu
More than 2,900 plants believed to be marijuana have been uprooted in Kadavu. In the first raid, 1,800 plants were uprooted from a farm located ...
2 hours ago

New Post Rape Care Clinic opens in Lautoka
People living in the Western Division can now expect rapid response to sexual gender-based violence and child abuse cases after the opening of the ...
15 hours ago