Government is taking bold action to uplift the business sector - PM

Government is taking bold action to uplift the business sector - PM

By Naveel Krishant
Monday 18/11/2019
[Photo:Fijian Government]

Prime Minister Voreqe Bainimarama says government is taking bold action to uplift the business sector and work closely with their partners to improve Fiji's ease of doing business ranking with the World Bank.

Bainimarama told the people present at the Prime Minister's International Business Awards while the methodology of this ranking has shown its flaws, and certainly has not reflected how businesses like those present at the awards on Saturday have thrived in Fiji, it is important we fight any perception that Fiji is nothing less than fully open for business.

The Prime Minister says just this month, Fiji held a workshop on digital identification which paves the way towards cashless transactions and new market opportunities for new and existing Fijian businesses.

He further says earlier this year, the Reserve Bank of Fiji launched an online Personal Property Securities Registry, which makes it easier for our people to use their assets as collateral to secure loans.

He adds that means access to finance has gotten easier, allowing our people and our businesses, particularly our small and medium sized enterprises, to make more efficient, lower-cost investments.

Bainimarama says the new bizFIJI portal has already brought unprecedented transparency to the processes of starting a business and obtaining a construction permit.

The Prime Minister says budding entrepreneurs and longstanding businesses alike are already feeling these improvements.

He adds these progressive steps have all come past the World Bank’s April 30th deadline for consideration in the 2020 Ease of Doing Business Rankings and they fully expect these achievements and others currently in the pipeline, to be considered in the 2021 Ease of Doing Business index and in later years.

FEATURE NEWS
HIV outbreak in Fiji, 1093 new cases of HIV recorded from Jan-Sep 2024 - Dr Lalabalavu
Minister for Health Dr Atonio Lalabalavu has declared a HIV outbreak in Fiji. While declaring the outbreak during the launch of the Fiji National H...
9 hours ago
LATEST NEWS
NFP supports review of the 2013 Constitution
National Federation Party President, Parmod Chand says the party supports the review of 2013 Constitution as it is a draconian legislation that ...
7 hours ago

Parliament to examine whether it is reasonably possible to amend Constitution – PM
Prime Minister, Sitiveni Rabuka says Parliament will examine whether it is reasonably possible to amend relevant provisions of Chapter 11 of the ...
7 hours ago

Khalsa Road potholes continue to be a safety concern for residents
Residents and drivers continue to raise concerns about the potholes along Khalsa Road in Tacirua opening every few weeks even after road works are ...
8 hours ago

Education Ministry faces challenges with Vatuwaqa Primary School Trustees
The Ministry of Education is facing challenges in collaborating with the trustees and management of Vatuwaqa Primary School, which was destroyed by ...
8 hours ago

Seruiratu’s group is confused and what did they do when they were in Govt – Prof. Prasad
Deputy Prime Minister and National Federation Party Leader, Professor Biman Prasad says Leader of the Opposition, Inia Seruiratu and some members of ...
9 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Pryde reinstated as DPP
Suspended Director of Public Prosecutions, Christopher Pryde has been reinstated to his position after a tribunal investigating the allegations ...
2 days ago

Virgin Australia crew members allegedly sexually assaulted and robbed outside Nadi nightclub
A man has been charged with the rape and sexual assault of one of the Virgin Australia crew members in the early hours of New Year’s Day, near a ...
18 days ago

Lynda Tabuya dismissed as Minister for Women, Children and Social Protection
Prime Minister, Sitiveni Rabuka says in light of the recent events concerning the conduct of Lynda Tabuya, and in consideration of the Oath she has ...
27 days ago

TOP