Tag Archives: Fiji

Pacific Islands: Pension Funds Eye Regional Markets Reply

by • Fiji News, Papua New Guinea News • Tags: , , , , , , ,
Pacific Islands nations' pension funds are investing in the region

Pacific Islands nations’ pension funds are investing in the region

Reposted from Islands Business
By Dionisia Tabureguci

An offshore investment made by pension funds in the Pacific does not only have to mean diversifying to the more developed Western or Asian economies. PNG’s NASFUND and Fiji’s FNPF are setting a new trend.

There are opportunities right here in the region, and one was witnessed last month in Papua New Guinea, where the Fiji National Provident Fund (FNPF) officially announced its purchase of 40 percent of the partly state-owned BeMobile PNG Ltd, a company specialising in the provision of mobile telephone services. It reportedly bought that slice for Kina 189 million (F$147 million), a big development in itself for a pension fund that not too long ago was instructed to recall most of its offshore investments as an emergency response for drying foreign exchange reserves. More…

Fiji Chooses Sri Lanka’s Aitken Spence to Overhaul its Port Operations Reply

by • Fiji News • Tags: , , , , , , ,
Sri Lanka's Aitken Spence will overhaul Fiji's two largest ports

Sri Lanka’s Aitken Spence will overhaul Fiji’s two largest ports

Reposted from News360.lk

Sri Lanka’s Aitken Spence PLC has been chosen by the Fijian government to overhaul the operation of the country’s two biggest ports, namely Suva and Lautoka, a media report said.

Accordingly, the Aitken Spence has formed a Private Public Partnership agreement with Fiji Ports Corporation, where both parties will operate under the newly established joint venture Fiji Ports Terminal Limited. Aitken Spence will own 51 percent of the shares of Ports Terminal at a price of $10.53 million. More…

Fiji: Hotel Group Eyes $3M Facelift Reply

by • Fiji News • Tags: , , , , , ,
Fiji's iconic Tokatoka Resort Hotel is slated for a $3 million upgrade

Fiji’s iconic Tokatoka Resort Hotel is slated for a $3 million upgrade

Reposted from The Fiji Times Online
By Felix Chaudhury

The Warwick International Hotel Group has earmarked $3million for a major facelift of the Tokatoka Resort Hotel in a bid to rehabilitate the renowned property back to its former glory.

Along with a major facelift to rooms at the popular retreat, plans were also in the pipeline for upgrades to existing conference facilities and the construction of a new convention centre in the near future. More…

Fiji’s Albacore Tuna Gets into European Markets Reply

by • Fiji News • Tags: , , , , , ,
Sustainably-fished Fijian tuna will soon be introduced to European consumers

Sustainably-fished Fijian tuna will soon be introduced to European consumers

Reposted from Islands Business

MSC certification has landed Fiji Albacore Tuna on the European stage: In a world-first, international seafood supplier Anova Seafood brings the first MSC labeled tuna from Fiji to Europe.

Anova formally launched their Fiji Albacore tuna range at the European Seafood Exposition (ESE) in Brussels last week. Anova is proud, and they are not alone: ambassador of the Fiji Islands to Europe, Peceli Vocea, was present to introduce Europe to Fiji’s iconic tuna fishery. More…

Papua New Guinea Gives Fiji Priority Reply

by • Fiji News • Tags: , , , , , , ,
Fiji and PNG recently signed an agreement to boost trade and investment in both their economies

Fiji and PNG recently signed an agreement to boost trade and investment in both their economies

Reposted from Fiji Broadcasting Corporation
By Mika Loga

Papua New Guinea’s Trade Minister Richard Maru has reaffirmed his government’s commitment to Fijian businesses wanting to set up in the country.

Maru says they want Fiji to assist PNG in developing its agriculture, manufacturing and tourism sectors. He says PNG’s GDP is set to grow in the next few years when the country starts selling liquid natural gas overseas. More…

FNPF and PNG Govt announces joint investment in Bemobile Reply

by • Fiji News • Tags: , , , ,
The Fiji National Provident Fund and the Papua New Guinea Government have invested in Bemobile

The Fiji National Provident Fund and the Papua New Guinea Government have invested in Bemobile

Reposted from FijiVillage.com

The Fiji National Provident Fund along with the Papua New Guinea Government through it’s commercial arm Independent Public Business Corporation today announced their joint investment in Bemobile PNG Limited.

Bemobile will be managed by Vodafone Fiji Limited. More…

$342M Injection into Fiji’s Economy Reply

by • Fiji News • Tags: , , ,
Fiji is New Zealand's largest export partner in the Pacific

Fiji is New Zealand’s largest export partner in the Pacific

Reposted from Islands Business

New Zealand companies injected $342million (US$191 million) into the local economy from 2005 to 2010, adding mileage to its third spot ranking as one of Fiji’s top five investors behind China and Australia.

Speaking at the Fiji-New Zealand trade and investment mission seminar at the Tanoa Plaza in Suva yesterday, Ministry of Industry and Trade permanent secretary Shaheen Ali said New Zealand had a long and positive history of trade with Fiji, noting more than $287 million (US$160 million) worth of exports were traded to Fiji. More…

Overseas Investors Attracted to Fiji 1

by • Fiji News • Tags: , , , ,
Fiji offers a lot of untapped potential for new business ventures

Fiji offers a lot of untapped potential for new business ventures

Reposted from Radio New Zealand

The head of investments at the Pacific Islands Trade and Invest Commission in New Zealand says he believes there is a lot of untapped potential for new business ventures in Fiji.

Manuel Valdez has been involved in organising a delegation of business people and investors to head to Fiji next week to explore trade and investment opportunities. More…

Renewable Energy Launch for Fiji and the Pacific Reply

by • Fiji News • Tags: , , , , ,

Sunergise is using a commercial model to bring renewable energy to people in Fiji and the Pacific

Sunergise is using a commercial model to bring renewable energy to people in Fiji and the Pacific

Reposted from The Fiji Times
By Ropate Valemei

Sunergise, the new Pacific-wide renewable energy company, marked the completion of its inaugural installation at Port Denarau Marina on Thursday. The installation was opened by the Attorney-General, Aiyaz Sayed-Khaiyum.

Company director Ajay Raniga said their mission was to use a commercial model to bring clean energy to the people of Fiji and other Pacific nations. More…