Australia gives a further AUD $26 million as budget support
Australia continues to assist Fiji as it has provided a further 26 million Australian dollars for general budget support. Australia has so far provided more than Fijia
Tag: Economy
Over 220,000 people to be assisted with Government’s $50 cash payment today
More than 220,000 Fijians in Viti Levu will receive their $50 government assistance by this afternoon with a total payout of $11 million. This has been confirmed by th
We have not debunked every single report from the Auditor General’s Office – AG
Minister for Economy, Aiyaz Sayed-Khaiyum says they have not debunked every single report of the Office of the Auditor-General as there are some that are good but there a
RBF reduces interest rate on special lending facilities from 1% to 0.25%
The Reserve Bank of Fiji Board has reduced the interest rate from 1% to 0.25% for loans taken by financial institutions under its Import Substitution and Export Finance F
Fiji’s economic recovery hinges on how soon COVID is contained locally and the resumption of international tourism – RBF Governor
The Governor and Chairman of the Reserve Bank of Fiji Board, Ariff Ali reiterates that our economic recovery hinges on how soon the second wave of infections is contained
48,000 families assisted through the $90 assistance program so far
48,000 families have been assisted with a total payout of $4.3 million through the $90 assistance program so far. Acting Permanent Secretary for Economy Shiri Gounder
We cannot expect our economy to recover if we shut entire industries for weeks on end – Dr Fong
Permanent Secretary for Health, Doctor James Fong says they can have a targeted approach on lockdowns to ensure that if they do lock down an area, or even all of Viti Lev
Foreign reserves increase to $2.777 billion
Fiji’s foreign reserves have increased to $2.777 billion at the end of April, compared to $2.179 billion in February. The Reserve Bank of Fiji says this is suff
Funding from countries helps cushion the blow on our revenue collection from COVID-19 - AG
Minister for Economy Aiyaz Sayed-Khaiyum says the funding they receive from other countries helps cushion the blow with respect to our revenue collection. Fijivillage
Fijian economy is forecast to expand by around 2.3 percent through 2021 – Westpac
The Fijian economy is forecast to expand by around 2.3 percent through 2021 and increase by 12.2 percent in 2022, recovering from the COVID-19 related estimated 17.4 perc
Investment Fiji cannot continue on the current path – Koya
The Acting Minister for Economy Faiyaz Koya says Investment Fiji cannot continue on the current path where they play the role of a facilitator, a regulator and a border p
Survivor Series Production to inject $30m into Fiji’s economy and create 400 jobs
$30 million will be injected into Fiji’s economy by the American reality show, Survivor which will be produced in Fiji again this year. It will also create jobs
2021-2022 National Budget to focus on forming a key pillar of a robust economic recovery – Koya
Acting Minister for Economy and Attorney General, Faiyaz Koya says the 2021-2022 National Budget will focus on forming a key pillar of a robust economic recovery that put
Fiji Airways signs US$65 million Liquidity Support Loan Facility with ADB
Fiji Airways today signed a US$65 million Liquidity Support Loan Facility with the Asian Development Bank. The Support Facility is to help the airline cover operating
Marijuana industry needs to be explored – Nadi Chamber of Commerce and Industry
The Nadi Chamber of Commerce and Industry will be submitting that the marijuana industry needs to be explored for several good reasons as part of its submission for the 2
Record remittances in 2020 as $652.75 million was sent through to families in Fiji by Fijians abroad
Fiji’s total remittances received from January to December last year was the highest ever standing at $652.75 million, which is an annual increase of 11%. Inter
Job vacancies continue to decline, govt revenue down by $557 million compared to last year while govt debt is $6.86 billion
Fiji is continuing to grapple with the economic downturn and effects of COVID-19 as the latest Reserve Bank of Fiji economic review says job vacancies continue to decline
International travel, pick up in tourism activity locally and revenue support by govt in budget can help in economic recovery - RBF
The Reserve Bank of Fiji says resumption of international travel and the pick-up in tourism activity locally, along with the level of revenue support by the government in
We are looking at measures to ensure economy remains resistant - Koya
Minister for Commerce and Trade, Faiyaz Koya says they are looking at measures to ensure Fiji’s economy remains resistant. He says under the Regulations of Buil
630,000 Fijians need to be vaccinated to allow Fiji open the economy safely - Koya
Minister for Commerce and Tourism Faiyaz Koya says at least 630,000 Fijians need to be vaccinated to ensure that we are protected against COVID-19, which will allow
Govt revenue at $964.8 million while expenditure stood at $1.5 billion for the first 6 months - AG
Government’s total revenue collection stood at $964.8 million for the first half of the 2020/2021 financial year while total government expenditure for the same pe