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FIJI BUSINESS NEWS....................

'Death threats will affect Fiji tourism'
The death threats against the Australian High Commissioner must be taken seriously given its gravity and its adverse effects on the 'friendly and hospitable people' image of Fiji. ... more

Major reforms on cards for municipalities
Municipal councils around Fiji are expected to undergo major reforms to increase the level of transparency and accountability and improve the services ... more

Carrying 10k plus? declare it, says FIU
Travellers into and out of Fiji who are carrying FJ$10,000 or more in currency must declare this to the FIRCA, according to Razim Buksh ... more

Air Pac saves $4m on paper ticketing
Fiji-owned Air Pacific Limited, the country’s largest international airline, will save a substantial $4 million with the phasing out of paper tickets and the introduction of e-tickets. ... more

‘Diesel reliance reduces renewable energy’
Fiji’s demand for electricity is growing at a rate of 5 per cent every year, it has been revealed. ... more

Muainirewa agrees to repay UTOF debt
Muainirewa Resort Ltd, the company linked to the Momi Bay developers Matapo Ltd has promised to pay up its $12 million debt to the Unit Trust of Fiji (UTOF) by year end. ... more

RBF targets lower imported food costs
Increasing global prices on basic consumer food items has seen the Reserve Bank of Fiji making some relaxation to the forward foreign exchange cover facility. ... more

Fiji citizens save remittances: World Bank
Majority of remittance recipients in Fiji use foreign transferred funds for their personal savings, it has been revealed ... more

More local headlines

 A devaluation can be avoided: Dr Dulare
• Economic Review 2006



INTERNATIONAL BUSINESS NEWS
....................

Worst of financial crisis is over:IMF Chief
The worst of the financial sector crisis is over although the impact on the broader economy will likely drag on in coming months, IMF Managing Director Dominique Strauss-Kahn said on Thursday. ... more

Oil prices higher in Asian trade
World oil prices rose in Asian trade Friday amid tight global supplies and as investors continued to buy into the commodity which has given better returns than bonds and equities, dealers said. ... more

German economy gets off to flying start
By eurozone standards, the German economy got off to a flying start to 2008, growing by more than twice the expected rate in the first three months of the year, official data showed on Thursday. ... more

Icahn to launch proxy battle for Yahoo
Billionaire investor Carl Icahn plans to launch a proxy battle this week to gain power on Yahoo's board, aiming to push it back into takeover talks with Microsoft, the Wall Street Journal reported late Wednesday. ... more

Oil continues lower in Asian trade
World oil prices continued lower in Asian trade on Thursday after an unexpectedly low rise in United States crude stocks. ... more

Hong Kong woos foreign fund managers
Hong Kong's Secretary for Financial Services and the Treasury, K.C. Chan, called on foreign fund managers Wednesday to leverage on the financial center to tap the huge domestic savings of China. ... more

Software piracy increases in Asia-Pacific
Software piracy increased last year in the Asia-Pacific region, boosted by China's growing use of personal computers, an industry group ... more

Aust budget panders to 'politics of envy'
Australia's new Labor government was accused Wednesday of pandering to the "politics of envy" in its first budget for a nation that prides itself on a lack of class differences. ... more


More International headlines


 

Suva Lord Mayor Ratu Peni Volavola (right) greets Vodafone Fiji managing director Aslam Khan after unveiling the company's new outlet at the MH City Complex in Suva.

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WEEKLY SHARE PRICE MOVEMENTS
2008-05-16
1000 shares were traded in two securities in two transactions. Foster's Group Pacific Ltd shares opened at $13.00. A total of 200 shares were traded. FGP shares closed at the same price. Fiji TV shares opened at $3.36. A total of 800 shares were traded. FTV shares closed at the same price. The KSPX Index remained unchanged closing the day 126.45.

2008-05-15
13,146 shares were traded in two securities. Communications Fiji Ltd shares opened at $1.46. 12,000 shares were traded. CFM shares closed at $1.48, up $0.02. Fijian Holdings Ltd shares opened at $2.20. 1146 shares were traded. FHL shares closed at the same price. The KSPX Index closed the day at 126.45, up 0.01%

2008-05-14
1520 shares were traded in one transaction in one security. Fijian Holdings Ltd shares opened at $2.23. A total of 1520 shares were traded. FHL shares closed at $2.20, down $0.03. The KSPX Index closed the day at 126.44, down 0.04%

2008-05-13
2400 shares were traded in one transaction in one security. Communications Fiji Ltd shares opened at $1.45. A total of 2400 shares were traded. CFL shares closed at $1.46, up $0.01. The KSPX Index closed the day at 126.48, up 0.004%

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