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Written By : SUN FIJI BUSINESS. ANZ yesterday announced further interest rate reductions on lending products effective from July 29. “Owner occupied home loan variable rates will reduce by a further 1per cent and business index rate together with variable rate for residential investment property loan will reduce by 0.5per cent,” said Robert Bell, ANZ [...]

Written By : CAROLINE DELAIVONI. Hazra Bi’s life is a classical example of what most rural women go through daily carrying out multiple chores without complaining. The 38-year-old woman of Tovata settlement, outside Labasa is no stranger at the market every Saturday selling her popular lettuce she harvests from her backyard garden. Besides being a [...]

Written By : SUN FIJI BUSINESS. The All Item Consumer Price Index (CPI) for the month of June registered an increase of 2.9 per cent over the previous month. Latest release by the Fiji Islands and Bureau of Statistics revealed that CPI now stands at 119 compared to May which was 115.6. Government Statistician Timoci [...]

Written By : SUN FIJI BUSINESS. Unsuccessful attempts in securing a partnership deal to revive Air Fiji Limited have now forced the Tuvalu government to seek other strategies. Tuvalu Minister for Communication and Civil Aviation Taukelina Finikaso returns home today after weeks of negotiation with potential investors. The Tuvaluan Cabinet is expected to follow where [...]

Written By : SANDRA AH SAM. A group of business people along Beaumount road in Narere were forced off a piece of land they have been using for more than 10 years to operate their businesses from. Car wash and canteen owner Bano Hussan said they were disappointed and frustrated when police officers from the [...]

Written By : LOSALINI RASOQOSOQO. Budget Fiji, a rental car company, has completed its $1 million investment with a training programme and new computer upgrading system aimed to improve its services. Marketing executive Sandip Prasad said the upgrading of their system, which includes a new fleet of vehicles, completes the investment which include Nadi Airport [...]

Written By : SUN FIJI BUSINESS NEWS. Handicraft dealers are hoping for good business during the peak tourism season. Ni Sa Bula Handicraft manager Ron Pratap said business has been slack for quite some time. Mr Pratap said it seems the majority of the tourists like to stay back in their hotels or go to [...]

Written By : SUN FIJI BUSINESS. There are some traders who continue to display No Refund sign despite been warned, says a top government official. Attorney General and Minister for Trade and Commerce, Aiyaz Sayed-Khaiyum yesterday said there are shop owners who continue to mislead consumers into believing that they have no basic right to [...]

Written By : CAROLINE DELAIVONI. People have now chosen to venture into backyard gardening in light of the increase in the price of vegetables and root crops in local markets. And market vendors in the tourist town of Savusavu are already feeling the pinch of the global economic downturn in selling their produce daily. Following [...]

Written By : LOSALINI RASOQOSOQOl. Fijian Holdings Limited (FHL) is yet to receive a formal loan approval letter from the leading syndicating bank in India for the acquisition of the BP Southwest Pacific (BP SWP), a senior executive said. However, FHL managing director Sereana Qoro said that although they have yet to be granted approval, [...]