Suva, Fiji
Temp: 84 °F / 28.9 °C
Wind: 19.3 KMH
Mostly Cloudy
FIJI BUSINESS NEWS ....................
Commercial banks and credit companies operating in Fiji have been told that people heading their Fiji operations should be “cultural sensitive” and prepared to assist in developing the nation. ... more
Consumer complaints against commercial banks and financial institutions in Fiji are on the increase as customers are left in the dark about “hidden” fees and charges on their accounts. ... more
The South Pacific Stock Exchange board has elected Mesake Nawari its new Chairman. ... more
The Fiji National Provident Fund and government will receive a total of more than $11 million at the end of the month when dividends from shares held with Amalgamated Telecom Holdings Limited will be disbursed. ... more
Fiji’s recovery may be slower than those of its Pacific neighbours but there are signs that it is picking up, said ANZ’s chief economist Asia Paul Gruenwald. ... more
The construction of the new US Embassy complex in Tamavua is estimated to inject an economic impact exceeding $50mln to the local economy, says complex project director Tracy Thomas. ... more
Fiji supermarket chain RB Patel Group Ltd this month announced a F$45 million income turnover for the six months to December 2009. ... more
Toyota Tsusho (South Sea) Ltd, trading as Asco Motors in Fiji, has declared a dividend payout of over $982,254 and closed its share registry this week. ... more
A new Fiji body set up to spearhead the government’s microfinance campaign wants 150,000 people in Fiji to have access to banking services by 2014. ... more
Digicel Fiji today announced a slash in call rates to 5 cents every 30 seconds on its pre-paid business, getting attention from rivals Vodafone. ... more
Fijian Holdings Limited (FHL) announced Monday it has purchased shares in Fijian Property Trust (FPT) Company Limited belonging to the Fijian Affairs Board, making FPT its fully-owned subsidiary in the process. ... more
Tourism Fiji’s India road show was a success as there was enthusiasm shown by travel agents and wholesalers in India. ... more
Australian Law firm Minter Ellison has been engaged by Fiji’s Ministry of Justice to carry out a “comprehensive review” of the Companies Act, the registration of Business Names Act and related laws and regulations. ... more
Westpac Fiji has announced a net profit after tax of $26.5 million for its 2009 financial period from 1 October 2008 to 30 September 2009. ... more
The Reserve Bank of Fiji says inflation in December 2009 stood at 6.8 percent, an increase of 0.8 percent from the previous month and a 0.2 percent increase over 2008. ... more
SELECTED AUSTRALIAN SHARES MARKET LIST AS 2010-Mar-17
SECURITIES
LAST SALE ($)
MOVEMENT ($)
AIR NEW ZEALAND
28.29
1985304
ANZ
27.06
1029496
BURNS PHILIP
1.09
5574686
COMMONWEALTH BANK
46.02
623941
EMPEROR
0.34
2855
FOSTERS
6.28
2140499
QANTAS
3.87
4641923
WESTPAC
22.94
1493295

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LOCAL
FEA prepares to fix ‘widespread damage’The Fiji Electricity Authority is gearing up to repair what it says is widespread damage to infrastructure in the greater Labasa and Savusavu areas.
SPORTS
Tanivula bans visitors in Adelaide Fiji 7s coach Iliesa Tanivula is not taking any risks in their hopes of winning the Adelaide 7s this weekend and has banned visitations to the team in the Land Down Under.
WORLD
Sri Lanka hotels brace for rushSri Lanka's hotel owners are racing to refurbish and add thousands more rooms as foreign holidaymakers pour into the country after the end of nearly four decades of ethnic bloodshed.
ENTERTAINMENT
Weaver bares her teeth in vampire comedyAmerican actress Sigourney Weaver is going to play the queen of the vampires in the horror comedy "Vamps," trade magazine The Hollywood Reporter said Wednesday.
OFFBEAT
Transsexuals nabbed for illegally entering JapanThree Philippine nationals have been arrested in western Japan for entering the country on forged women's passports after undergoing sex change operations, local media reported on Tuesday.
FIJIAN
Tekivu na vuli e na ciwaSa vakadeitaka na minisitiri ni vuli ni na tekivutaki tiko na vuli e na ciwa na kaloko na vei mataka, ka sega e na walu.