There should be cautious approach on minimum wage - Fiji Commerce and Employers Federation

There should be cautious approach on minimum wage - Fiji Commerce and Employers Federation

By Vijay Narayan
Friday 17/05/2024
[Image: FCEF]

The Fiji Commerce and Employers Federation has today expressed concern over the mounting pressure faced by employers in a challenging business environment, and said that there should be a cautious approach on minimum wage.

While the Federation understands the challenges confronting workers, they say businesses are the backbone of our economy and are constantly subjected to increasing costs.

The Federation says the viability of businesses in Fiji is crucial for sustaining jobs, generating revenue, and driving economic progress.

It says many enterprises, especially micro, small and medium businesses, are already operating on tight profit margins and potential cost increases may force job cuts and threaten closure.

President of Fiji Commerce Employers Federation, Vinay Narsey says the employers welcome the government's consultative process and look forward to working together to develop a comprehensive strategy with a review by sector that promotes fair wages while safeguarding the business interests and the economy.

Narsey says the Federation has had fruitful discussions on employment relations and acknowledges the collaborative efforts of the Minister for Employment, Productivity and Industrial Relations, Agni Deo Singh.

He says they also acknowledge the statement made by Deputy Prime Minister, Professor Biman Prasad, recognizing the importance of considering all perspectives, including the views of the employers on the minimum wage rate proposal.

Professor Prasad confirms that the announcement will be made in the National Budget address on June 28th after consultations with the different sectors and stakeholders.

FEATURE NEWS
Sporting federations demand answers from FASANOC
National sporting federations who are part of Fiji Association of Sport and National Olympic Committee or FASANOC, are still calling for answers and a...
22 minutes ago
LATEST NEWS
FIPRA presents synchronization rights royalty payment to family of composer Yaminiasi Gaunavou
The Fiji Performing Rights Association has paid the synchronization rights royalty for the song “Era Bini Tu” to Seini Gaunavou, the daughter of ...
2 hours ago

Three charged in connection with Liam Payne's death
Three people have been charged in connection with the death of One Direction star Liam Payne. Argentinian Authorities say the singer died on the ...
3 hours ago

We have too many lawyers, and too many unskilled ones - Leung
Attorney General, Graham Leung believes that an uncomfortable truth about law profession is that we have too many lawyers, and too many unskilled ...
4 hours ago

Trump names Susie Wiles as Chief of Staff, first woman in the post President-elect
Donald Trump has named Susie Wiles, the defacto manager of his victorious campaign, as his White House Chief of Staff, the first woman to hold the ...
5 hours ago

FNA questions MOH on why the Maternity Unit at Navua Hospital is still in operation under unsafe condition
The Fiji Nursing Association has raised questions with the Ministry of Health about why the maternity unit in Navua Hospital is still in operation, ...
5 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
Sporting federations demand answers from FASANOC
National sporting federations who are part of Fiji Association of Sport and National Olympic Committee or FASANOC, are still calling for answers and ...
2 minutes ago

Continuous Radiology and Pharmacy services are now expected at Government Hospitals
Serious concerns are being raised by the public as the Ministry of Health has decided that radiology services and pharmacies at Government hospitals ...
8 hours ago

Ratu Wiliame Katonivere declines Presidential nomination after an internal audit and investigation report
Prime Minister, Sitiveni Rabuka confirms that President Ratu Wiliame Katonivere decided to decline Rabuka's nomination of him to serve a second term ...
1 day ago

TOP