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SUVA , 12 APRIL 2013 (ADB) --- The Asian Development Bank says progress towards elections in Fiji could be behind strong economic growth last year. In its latest report on the Pacific, the ADB says last year's 2.5 % growth rate came despite a fall off in tourism , sugar p...
Economic structure: Quarterly indicators 2010 2011 2012 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr Government finance (F$ m) Total revenue & grants 442.5 404.9 448.1 n/a n/a n/a n/a n/a Expenditure 463.0 318.0 407.8 n/a n/a n/a n/a n/a Balance -20.6 87....
Outlook for 2013-14 Fiji's military commander , prime minister, Commodore Voreqe (Frank) Bainimarama, who deposed the elected prime minister, Laisenia Qarase, in a coup in 2006, appears determined to hold on to power. The Economist Intelligence Unit expects Commodore Bainimarama to fulfil his pledge to hold long-delayed parliamentary elections in September 2014 . However, there are d...
Economic structure: Quarterly indicators 2010 2011 2012 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr Government finance (F$ m) Total revenue & grants 442.5 404.9 448.1 n/a n/a n/a n/a n/a Expenditure 463.0 318.0 407.8 n/a n/a n/a n/a n/a Balance -20.6 87....
Economic structure: Quarterly indicators 2010 2011 2012 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr Government finance (F$ m) Total revenue & grants 378.1 397.6 442.5 404.9 448.1 n/a n/a n/a Expenditure 341.1 445.1 463.0 318.0 407.8 n/a n/a n/a Balance 37....
Suva , Sept. 22 (Xinhua) -- Fiji is calling on the Pacific Islands Forum Secretariat to step up its efforts in implementing the Pacific Islands region Trade Agreement (PICTA) to benefit all. The call comes from Permanent Secretary for Trade Shaheen Ali while opening the Fiji Export Seminar in Fiji on Saturday. Ali says with PICTA, the challenges were almost insurmountable , that...
ENP Newswire - 04 September 2012 Release date- 03092012 - The Reserve Bank Board decided to leave the Overnight Policy Rate (OPR) unchanged at 0.5 %, following its monthly meeting held on 30 August, 2012 . While announcing the Board decision, the Governor , Chairman of the Board, Mr. Barry Whiteside stated that 'the global growth outlook remains clouded by underlying problems i...
The Minister for Labour, lndustrial Relations , Employment, Mr. Jone Usamate, confirmed today that he has received from Father Barr his formal resignation as the Chairperson of the 10(10) Market-based Wages Councils. He advised that, in the absence of Father Barr, all the 10 Wages Councils will now be chaired by the Deputy Chairpersons of the respective Wages Councils. The Minister said t...
The Minister for Labour Industrial Relations & Employment Mr Jone Usamate confirmed that in the past 6 months, the National Employment Centre under the Minsitry has recorded a total of 563 unemployed persons securing permanent employment , 451 clients securing work or volunteer attachment in various organisations around Fiji . This growth is very encouraging , is consistent with the r...
Event In early June the Reserve Bank of Fiji (RBF) revised up its forecast for real GDP growth in 2012 to 2.7 %, from its earlier projection of 2.3 %. It also lifted its growth forecast for 2013 to 2.9 %, from 1.9 % previously, while the economy is now forecast to expand by 2.3 % in 2014, compared with a previous forecast of 2.1 %. Analysis The RBF's more positive outlook reflects its view th...
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