FIJI NEWS
August 19, 2012 12:00:00 AM
  Follow @ Twitter

Fiji’s Ministry of Finance permanent secretary, Manasa Vaniqi has called for more support in the development of micro, small and medium enterprises (SSMEs), saying they are the building blocks of Fiji’s economy.

Speaking at the launch of the Small Business Awards in Suva earlier in the week, Vaniqi said the theme of the 2012 edition, `Building Fiji through Enterprise’ , is fitting in that it reflects the efforts of Government in spurring locals to take on the challenge and become entrepreneurs through investment.

“Awards such as this help promote small enterprise development because it takes the stigma of insignificance away from such enterprises. People often frown and look down on the food vendor who door to door or the grass cutter who walks from house to house looking for an opportunity to earn some money. Without such enterprising people, unemployment would be much higher and affordable goods and services would be negligible,” Vaniqi said.

“Through such awards, we give these hardworking, mostly self-employed people due recognition because they have taken the much harder option of working for themselves rather than someone else.

“These small businesses also support a supply chain for processors and manufacturers. Without the farmer in the field, there would be no dalo or cassava to peel for packaging and export. Without the village craftsman, there would be no handicraft to sell at the curio markets and handicraft centres by the middleman or exported at extraordinary prices to collectors abroad.”

Small businesses with the right support and adequate financing, he said, can move on from just producing raw materials or basic goods to value-adding so that their product fetches a higher price.

Since 2004, the Fiji Development Bank has held the Small Business Awards to reward small businesses that show potential for growth.

For this year’s edition, there are seven categories under which small business can enter. They are the Agriculture, Tourism, Wholesale/Retail, Manufacturing, Professional Services, Best Business Practice and the Special Award – the last two awards were introduced last year to enhance the awards.

FijiLive

 

Wiggle


PREVIOUS STORY
Eid brings all races together: Akbar
NEXT STORY
E-ticketing to begin September 3

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Would you like the free education scheme for primary and secondary school students to continue next year?
 Yes
 No


Poll Results: Current | Previous

Would you like the free education scheme for primary and secondary school students to continue next year?
Yes
 81%
No
 19%



More Polls
Press Esc to close this window
BUSINESS
No repeat of 2000 burning, businesses toldFiji's Prime Minister Voreqe Bainimarama has assured the business community that the events of the 2000 coup where some businesses were looted and burned down will not be repeated in this year's election.
SPORTS
Injured Tuwai in doubt for Gold Coast 7sRugged forward Pio Tuwai is in doubt for next month's Gold Coast 7s after copping an injury in team training this week.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
NZ concert for The Madden Brothers on Nov 4The Madden Brothers have announced a November 4 Auckland concert, after taking New Zealand by storm with their platinum certified smash single We Are Done, from their debut album Greetings From California, released this week.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS