Business
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Fiji Opens Doors for Diaspora Investment: A Homecoming Opportunity
The Fijian government is taking bold steps to attract former citizens and diaspora investors back to Fiji. With significant legal reforms and incentives, the initiative promises to make it easier for Fijians overseas to re-establish ties and contribute to their homeland’s economy. Exciting changes, including drastic cuts in citizenship fees and streamlined processes for returning…
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Fiji on the Verge of EU Tax Blacklist Exit: What’s at Stake?
Fiji is on the cusp of a significant transformation, as it works to shed its place on the EU’s tax blacklist. With fresh reforms and a commitment to transparency, the nation is optimistic about its discussions with EU officials in the coming months. However, one contentious issue looms large— the Export Income Deduction. Will this…
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Nadi Chamber Backs 2025 Budget: A Step Towards Inclusive Growth?
The Nadi Chamber of Commerce and Industry has applauded the upcoming 2025-2026 National Budget, describing it as fair and inclusive. With key initiatives like a reduction in VAT, substantial infrastructure investment, and increased health funding, the budget aims to tackle socio-economic challenges while promoting growth. It introduces supportive measures for first-time homebuyers and reassures citizens…
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Fiji’s Bold Plan to Boost Economy by 2050: What’s in Store?
The Fijian government’s ambitious plan to achieve high-income status by 2050 marks a pivotal shift in its economic strategy. With the National Development Plan guiding a comprehensive vision, officials emphasize the need for innovative approaches and strong private sector involvement. Discover how these strategies aim to reshape Fiji’s economic landscape and secure a prosperous future…
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Public Rental Board Faces Financial Turmoil: What Went Wrong?
The Public Rental Board faces a significant financial setback, reporting a net loss of $1.3 million for 2023 after a $4 million profit in the previous year. As concerns mount over rising employee expenses and recent salary restructures, questions arise about the balance between financial health and the mission to provide affordable housing. Delve into…
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Fiji’s 2025-2026 Budget: A Game Changer for Economic Growth?
As Fiji gears up for its 2025-2026 National Budget, the Lautoka Chamber of Commerce is rallying behind a plan that promises to ignite economic growth. With a focus on enhancing essential services and infrastructure, this budget could signal a turning point for local industries. Will it succeed in restoring investor confidence and fostering a robust…
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Fiji’s Bold Move: Tariff Cuts and Economic Balance Ahead!
Fiji’s government is shaking up import tariffs in a bold move aimed at helping consumers and boosting local businesses. While plans are underway to lower costs on essentials like chicken, local manufacturers voice their concerns over the potential impact. As the Deputy Prime Minister emphasizes a balanced approach, the new tariff policy reflects a commitment…
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Empowering Vendors: A Path to Prosperity in Fiji
Over 40 local vendors recently completed a transformative three-day training in Savusavu, part of the “Markets for Change project.” This initiative empowers entrepreneurs through essential skills like record-keeping and cash flow management. With support from various organizations, the program aims to boost operational efficiency and income potential, paving the way for a more vibrant economic…
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Fiji’s Bold Shift: Prioritizing Purpose Over Profit in Government Spending
Fiji’s government is embarking on a transformative journey, shifting from profit-driven to purpose-driven investments. With a keen focus on long-term visions, essential infrastructure projects and fiscal discipline take center stage. As the nation aims for high-income status by 2050, a collaborative approach with communities emerges, tackling immediate challenges while laying the groundwork for sustainable growth.…
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Fiji’s Minimum Wage Decision: A Tipping Point for Economic Stability?
The Fiji Commerce and Employers Federation has voiced its backing for the government’s decision to keep the minimum wage unchanged for now. With concerns over rising operational costs and the cost of living, FCEF Chief Executive Edward Bernard outlines the implications of recent wage hikes and budget decisions. As the dialogue on wage policies continues,…
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Fiji’s Bold Move: New VAT System Set to Transform Revenue Transparency
Fiji is on the brink of a significant fiscal transformation with the impending launch of a new Value Added Tax Monitoring System. Set to take effect on January 1 for businesses with a turnover of $50,000 or more, this initiative promises to modernize tax compliance and enhance revenue transparency. As the government pushes for economic…
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Transforming Workplaces: The Key to Economic Growth in Fiji
In a world where traditional strategies fall short, Mayur Kalbag’s recent sessions with the Motibhai Group shed light on the critical need for workplace transformation. His insights underscore the importance of training, empathetic leadership, and a strong HR foundation in fostering a motivated workforce. As Fiji grapples with engagement challenges, Kalbag advocates for meaningful change…
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Fiji’s Path to EU Blacklist Removal: A Promising Review Ahead?
The Fiji Ministry of Finance is hopeful about a potential delisting from the EU’s blacklist, aiming to enhance the country’s trade reputation. With ongoing discussions around key export incentives and a commitment to international cooperation, the future of Fiji’s economic landscape may be on the cusp of transformation. What changes could lie ahead?
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Fiji’s Sugar Revolution: VAT Exemptions Boost Cooperative Farming
Fiji’s latest budget introduces a game-changing exemption from VAT for cooperatives using mechanical harvesters in the sugar industry. This strategic move not only aims to reduce costs for farmers but also strengthens cooperative farming. Discover how this initiative could reshape the future of sugar cane production in Fiji and support local farmers on their path…
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Fiji’s Economic Balancing Act: What’s Next for Trade and Wages?
In a recent breakfast meeting, Finance Minister Biman Prasad tackled pressing issues around Fiji’s trade policies and minimum wage negotiations. With the government actively working to balance local production interests and economic growth, Prasad emphasized the importance of community engagement in shaping sustainable policies. Discover how these developments may impact the future landscape of Fiji’s…
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Fiji’s New Budget: A Boost for Tourism and Quality of Life?
In a promising move, the Fijian government has unveiled a budget that prioritizes the needs of its citizens, particularly in areas crucial for development. With reduced VAT and increased funding for tourism, there are high hopes for economic growth and diversification. Yet, concerns linger about managing revenue declines and ensuring that initiatives deliver tangible results.…
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Fiji Slashes VAT to Boost Economy: What’s Next for Citizens?
Fiji is set to implement a bold reduction in Value Added Tax, aiming to ease the financial strain on families. With significant tax relief measures and vital investments in health and infrastructure, the government’s announcement promises a proactive approach to tackling rising living costs. Explore how these changes could pave the way for a more…
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Fiji’s Broccoli Dilemma: A Solution to High Prices?
Fiji is exploring a bold move to import broccoli from Papua New Guinea to tackle skyrocketing local prices. Amid discussions on enhancing competition, Finance Minister Biman Prasad has highlighted the potential benefits of this initiative. Could this shift signal a new era of affordability and food security in Fiji? Discover the details behind this intriguing…
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Fiji’s Bold Budget: A Blueprint for Economic Resilience and Growth!
Fiji’s Coalition Government has introduced a bold National Budget for 2025-2026, aiming to enhance economic resilience with an impressive $4.8 billion allocation. This plan focuses on significant investment in infrastructure, agriculture, and healthcare, all while promising household relief through tax reductions and strategic reforms. As global uncertainties loom, Fiji’s proactive approach seeks to protect its…
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Fiji’s Bold Budget: Spending Strategy Amid Rising Debt
Fiji’s Finance Minister has unveiled an ambitious budget strategy, presenting a significant deficit while steering clear of austerity measures. Despite rising public debt, the government prioritizes spending on critical infrastructure and social services, aiming to bolster long-term growth. With optimism surrounding inflation rates and revenue collections, how will this approach impact the nation’s economic stability?…
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Fiji’s Import Review: A Game-Changer for Food Prices and Consumer Choice?
Fiji is gearing up for a major shift in its import protocols as the government tackles restrictive regulations that have been driving up food prices. Recent announcements suggest a move to broaden access to essential food products while ensuring safety standards remain intact. With discussions highlighting the potential for increased competition and consumer choice, this…
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Fiji’s Economic Future: Navigating Budget Cuts and Building Resilience
Fiji’s Ministry of Trade faces a $35 million budget cut, yet Deputy Prime Minister Manoa Kamikamica insists their remaining funds are adequate for economic goals. As the government seeks stronger ties with the private sector, concerns arise from MSME leaders about potential impacts on funding initiatives. Discover the balance between financial challenges and strategic planning…
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Fiji’s Budget: Will Promises Reach the People?
The Fijian government’s latest budget announcement marks a pivotal moment for citizens, aiming to alleviate financial pressures and support the most vulnerable. However, the true test will be in the execution—will the benefits reach those who need them most? With VAT reductions and community initiatives at the forefront, stakeholders are poised to ensure accountability. As…
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Fiji’s Tourism Boom: What the New Budget Means for Travelers
As Fiji navigates economic uncertainties, optimism emerges from the Coalition Government’s latest budget. With a focus on tourism, significant investments aim to revitalize the sector and enhance its competitiveness. Discover how these initiatives will reshape Fiji’s economic landscape and appeal to international visitors, paving the way for a promising future.
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Fiji’s New Budget: A Game Changer for Everyday Citizens?
Filomena O’Neil, president of the Lautoka Market Vendors Association, heralds the new national budget as a turning point for Fiji. With a drop in VAT and support for essential services, O’Neil emphasizes the potential for improved living standards for many. But will these measures truly ease the financial strain on households? Discover the details of…
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Fiji’s Future: A Budget Blueprint for Economic Resilience
Fiji’s economic landscape is poised for transformation as experts weigh in on the ambitious 2025-26 National Budget. With a focus on policy certainty and increased confidence for investors, could this be the turning point for the nation? As the government reveals its largest fiscal plan to date, implications for debt reduction and economic diversification are…
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Fiji’s Bold Budget: Aiming for Resilience Amid Global Challenges
Fiji’s national budget for this year takes a bold expansionary approach, aiming to address domestic needs while preparing for global economic uncertainties. With significant spending increases and tax reductions, the government seeks to stimulate consumer activity and bolster vulnerable communities. Discover how these measures are set to shape the nation’s economic landscape and support long-term…
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Fiji’s Bold Move: New E-Wallet Tax Rules Set to Transform Business Compliance
Fiji is taking bold steps to enhance tax compliance with new regulations targeting e-wallet transactions. Businesses will soon need to maintain separate accounts for their operations, facing strict penalties for non-compliance. As the government aims to expose and eliminate tax evasion, these changes reflect a commitment to a fairer economic landscape. Dive into the details…
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Farming Triumphs: Fiji’s Nemani Raikoti Cultivates Hope and Resilience
Discover the inspiring journey of a farmer in Fiji who transformed his modest beginnings into a thriving agricultural success. With an impressive increase in taro plant cultivation and a substantial harvest, his story reflects resilience and the power of community support. Explore how dedication to farming can uplift families and change lives, even in the…
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Fiji’s Budget Boost: A New Era for Workers and Justice Programs!
Fiji’s latest budget announcement is reshaping the future for its workforce and key institutions. With substantial allocations targeting overdue labor compensation and improvements in justice and corrections, this plan aims to address pressing social needs. Discover how these financial commitments reflect a broader commitment to uplifting community welfare and ensuring humane treatment within correctional facilities.…