An academic says devaluation was the less painful option that Fiji inevitably had to take to rescue its ailing economy. Satish Chand of the University of New South Wales said there were other options like “taking more stringent capital controls, something that has been tried for several years now and with limited success”.....read more Fiji looks to tourism, remittances
WITH the Reserve Bank of Fiji announcing a 20 per cent devaluationof the Fiji dollar, a top university economist says tourism could become the saviour of our economy yet...read more
Retirement reset at 55 and appeals scrapped
Fiji’s retirement age has been brought back to 55, the re-confirmed government of Commodore Frank Bainimarama has decreed. As well, the regime has ordered that any public servant who is over 55 and still working should retire by the end of the month....read more
Reddy is new bank boss
The Reserve Bank of Fiji has ended speculation about the position of Governor of the bank by announcing a replacement for the constitutionally appointed Savenaca Narube....read more
Bainimarama reappoints ministers
Fiji’s military strongman Frank Bainimarama wasted no time in re-appointing all his nine ministers into his cabinet, only four hours after he got re-appointed as prime minister by the island’s president Ratu Josefa Iloilo....read more
Bainimarama back as PM in troubled Fiji
In a short ceremony attended by senior military officers, Fiji’s military commander Commodore Frank Bainimarama was sworn in as prime minister before the island president Ratu Josefa Iloilo a short while ago.....read more
Fiji president ‘abrogates’ constitution
In sombre tones a short while ago, Fiji’s president Ratu Josefa Iloilo declared he has abrogated the island’s 1997 constitution. And although he has yet to name his new prime minister and members of cabinet, it is believed that military commander Commodore Frank Bainimarama will be re-appointed prime minister....read more
Qarase tenders resignation next Tuesday
Ousted Prime Minister Laisenia Qarase will stick to his word and tender his resignation to the President Ratu Josefa Iloilo on Tuesday (April 14). His lawyers said in court this week that should he win the case, he would resign as Prime Minister....read more Court decision victory for rule of law: Leung
Former Fiji Law Society president Graham Leung has described the outcome of the Laisenia Qarase court case as principled, and a victory for constitutionalism and the rule of law....read more Four barred from political dialogue
THE four political parties asked to comply with certain conditions by Fiji’s interim head Voreqe Bainimarama were barred from today’s political leaders forum for failing to comply to these conditions.....read more
