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

 

YOU'RE MINE


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!
   





Should all voter education materials be sanctioned?
 Yes
 No


Poll Results: Current | Previous

Should all voter education materials be sanctioned?
Yes
 85%
No
 15%



More Polls
Press Esc to close this window
BUSINESS
PAYE lodgement extended till month endLodgement of Pay As You Earn (PAYE) final electronic monthly summaries has been extended till the end of the month.
SPORTS
Rewa suffers loss in Sanatan openerDefending Sanatan Inter District Champion Rewa suffered a 5-2 loss at the hands of a star-studded Cuvu oufit in its opening match at Prince Charles Park today.
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.
ENTERTAINMENT
Sam Smithís debut In The Lonely Hour out in MayBRIT and BBC Sound Poll winner Sam Smithís debut album In The Lonely Hour is out on May 23.
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