Fiji Broadcasting Corporation Limited is a success story - Riyaz Sayed-Khaiyum

Fiji Broadcasting Corporation Limited is a success story - Riyaz Sayed-Khaiyum

By Dhanjay Deo
22/05/2018
FBC Chief Executive Officer Riyaz Sayed-Khaiyum and Chief Financial Officer of FBC Vimlesh Sagar

Fiji Broadcasting Corporation Limited is a success story according to the FBC Chief Executive Officer, Riyaz Sayed-Khaiyum as the company had budgeted losses from 2010 to 2015.

While speaking to the Public Accounts Committee on their 2015 Auditor General’s Report, Sayed-Khaiyum said that they had to take the $22 million loan from the Fiji Development Bank to do a major broadcasting infrastructure upgrade for their radio network and start a new television station in the country.

0% buffered00:00Current time00:00

The Chief Financial Officer of FBC says that they are not even paid on the real market rate for the service that they are providing to the government.

Vimlesh Sagar stated that they are providing acquittals to government on a quarterly basis and the public service broadcasting service fee that is provided is not even half of the amount of the service they are providing.

Riyaz Sayed-Khaiyum also says that it is very expensive to run  the AM radio service adding that expenses for annual repairs, equipment renewal, maintenance and electricity will increase FBC’s AM radio expenses by $630,000 a year.

He says this does not include the cost of the programs.

0% buffered00:00Current time00:00

According to the company’s annual reports tabled in parliament, FBC made a loss of $516,943 in the year 2010, a loss of $1.137 million in the year 2011, a loss of $7.103 million in the year 2012, a loss of $5.602 million in the year 2013, a loss of $3.924 million in the year 2014 and a loss of $3.361 million in the year 2015.

According to the reports, FBC was getting annual public service broadcast grants of $2.9 million to run Radio Fiji One, Radio Fiji Two and FBC TV public service broadcast programmes.

The public service broadcast grant from government to FBC was increased to $11 million in the 2017/2018 National Budget.

This is now being inputted in FBC’s financial books as public service broadcast fees.

2010-2015 FBC Annual Reports tabled in Parliament:

FEATURE NEWS
National football player in custody for alleged rape case
A national football player in custody for an alleged rape matter. Police have confirmed this to fijivillage News. They say investigations contin...
55 minutes ago
LATEST NEWS
How Pope Francis became an unlikely fashion icon
Fashion may not be the first thing that comes to mind when thinking about papal legacies, but Pope Francis, who died Monday, had an individual sense ...
27 minutes ago

TravelOnline injects $250,000 into Koroipita community
TravelOnline, a major Australian Tour Operator that sends over 27,000 passengers to Fiji annually in partnership with its ground operator Rosie ...
41 minutes ago

Junior Police officers need more training on domestic violence cases - Rogoimuri
Junior police officers require more training to effectively handle domestic violence cases. Fiji Police Force Sexual Offences Investigator Vani ...
44 minutes ago

US Navy Band lights up Rt Sukuna Park in 1st historic joint performance with Fiji Navy Band
The United States of America Blue Ridge Navy Band lit up Ratu Sukuna Park last night with some good old country and classic music that brought people ...
3 hours ago

Cabinet seeks Supreme Court opinion on constitutional amendment process
Cabinet has agreed to seek an opinion from the Supreme Court on the interpretation and application of the amendment provisions of the 2013 ...
3 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Tragedy at PRB Flats: Couple found dead in suspected murder-suicide in April
A couple were found dead at the new Lagilagi Public Rental Board Flats today and it is alleged at this stage that it was a murder suicide case on ...
2 days ago

Tevita Ikanivere on fijivillage Straight Talk With Vijay Narayan
The show focuses on Ikanivere’s journey, his family, career and how far the Drua has ...
15 days ago

Daniel Fatiaki and Professor Narsey on fijivillage Straight Talk With Vijay Narayan
Chair of the Electoral Reform Commission and former Chief Justice, Daniel Fatiaki and Electoral Reform Commissioner and economist, Professor Wadan ...
15 days ago

TOP