FIJI NEWS
October 02, 2012 12:00:00 AM
  Follow @ Twitter

The University of South Pacific today held its first ever Fijian economy discussions at the Holiday Inn in Suva where speakers from various Universities in Fiji, civil society groups and government ministries presented their views on the country’s current economic status.

Dr Sunil Kumar, a senior lecturer at the School of Economics in USP argued that more in-depth analysis should be done on the primary factors in the sugar sector.

His presentation was based on the Economic survey of Fiji and stated that public reforms, political reforms and preparations for the 2014 general elections should start immediately to further boost the confidence of Fiji’s economy.

“The development of the new Constitution should be completed in time, security should be provided to the environment in terms of crime and property rights, clearance processes need to be simplified and fast tracked in the business environment and should build capacity and market synergies in specific sectors,” Dr Kumar said.

In a response from Government, Luke Koroisave of the Ministry of Planning stated that the decline of the Fijian economy from 2007-2011 is due to global crisis.

He said that investment target of 25 per cent has not been achieved by the Fijian government since 1981 and the total investment has been on the decline for the last three decades since 1977.

“Weak macroeconomic performance for the past 18 years has been recorded by the government due to political instability, weakening export base, lack of labour skills due to migration and high utility cost are some of the reasons for the weak performance,” Koroisave said.

Koroisave further said that the current government is working according to its strategic plan which includes reforms done to Rewa Diary, improving the Fiji Sugar Corporation infrastructures and the increase in rice farming in the Northern division.

By Indrani Krishna

Wiggle


PREVIOUS STORY
Education team to look into street fights
NEXT STORY
Stop the nonsense, students warned

Post a Comment
Bookmark and Share

 


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





Should government include locals to observe the 2014 electoral process?
 Yes
 No


Poll Results: Current | Previous

Should government include locals to observe the 2014 electoral process?
Yes
 73%
No
 27%



More Polls
Press Esc to close this window
BUSINESS
Support for SMEs vital, says VolavolaIf more emphasis is placed in supporting and promoting SMEs, the country will be able to address its unemployment and create more business activities that will increase economic growth, says Mereia Volavola.
SPORTS
Veterans to convene for snooker tourneyThe Southern Division Billiards and Snooker Association (SDBSA) will host the veterans open snooker tournament at the Merchants Club in Suva this weekend.
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
Fiji to migrate to digital televisionThe Fijian Government has announced plans to switch from analogue to digital television.
ENTERTAINMENT
Tove Lo’s debut album Queen of the Clouds out Sept 26Tove Lo’s debut album, Queen Of The Clouds, is to release on September 26, featuring the latest single Not On Drugs, and the previous hit Stay High.
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