Prof. Prasad emphasises vital role of SMEs in Fiji's economy

FDB Business

Prof. Prasad emphasises vital role of SMEs in Fiji's economy

By Iliana Biutu

05/04/2024

Micro, small, and medium enterprises are vital components of many economies, including Fiji's as they offer numerous job opportunities.

This has been highlighted by the Deputy Prime Minister and Minister for Finance, Professor Biman Prasad during the launch of the National Small and Medium Enterprise Awards 2023 in Suva this morning.

Professor Biman says SMEs are integral to the supply chain in any economy and it is very important to support them.

He also acknowledged the Fiji Development Bank’s role in assisting the MSME sector to thrive and to recognize them through awards.

Meanwhile, FDB Chief Executive Officer, Saud Minam says the awards eligibility criteria will be published on the FDB website soon.

FEATURE NEWS

Ecuadorians in Vatia cocaine case claim cartel forced them to transport drugs

The defence counsel for the 4 Ecuadorian nationals accused in the $3 billion Vatia cocaine bust have alleged that their clients were kidnapped by a...

2 hours ago

HBO Max launches in Fiji

Warner Bros. Discovery has launched its premier global streaming service, HBO Max, in Fiji as part of its expansion across the Asia Pacific ...

35 minutes ago

TikToker given suspended sentence for breaching bail restrictions

Lui Bale Vuibureta also known as XKON on TikTok, has been given a sentence of 1 month 14 days suspended for 18 months by the Suva Magistrates ...

1 hour ago

Ecuadorians in Vatia cocaine case claim cartel forced them to transport drugs

The defence counsel for the 4 Ecuadorian nationals accused in the $3 billion Vatia cocaine bust have alleged that their clients were kidnapped by ...

2 hours ago

Fiji-Australia Vuvale Union talks focus on transnational crime, healthcare and cybercrime

The Fiji-Australia Vuvale Union Meeting is currently underway at Ra Marama House, where key issues such as transnational crime, healthcare, climate ...

2 hours ago

Ibrahim defies odds in aircraft engineering

A passion for aviation and a determination to break barriers is driving one young woman from Vanua Levu to pursue her dreams in a traditionally ...

3 hours ago

More News

Pacific Specialist Healthcare - Heart Center

Stay tuned for the latest news on our radio stations

IN DEPTH

Fiji Sports Council Saga: Minister ready to repay business class air fare for wife as concerns grow about Sports Council deals

I was invited to travel to New Zealand by the Fiji Sports Council for a grassroots 7s tournament in 2024, I travelled business class but it was ...

25 days ago

National Talanoa Session on Illicit Drugs in Fiji: 2,400 drug-related cases recorded in 2025

The illicit drug situation in Fiji has been described as a national emergency, with 2,400 drug-related cases recorded in 2025. Minister for Policing ...

32 days ago

Charlie Charters held at Nadi Airport because of a FICAC flag on his file

Fijian national, Charlie Charters is being held at immigration at Nadi International Airport because of a FICAC flag on his file.fijivillage News has ...

32 days ago