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Fiji

Capital: Suva; GDP growth (annual %) 2016 : 2.0%

Higher earning Why a university degree is worth more in some countries than others

A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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Faiz Khan, Executive Chairman of Airports Fiji Ltd and Fiji Pine Group of Companies

Faiz Khan has overseen huge upswings in profitability and performance at the Fiji Pine Group of Companies and Airports Fiji Ltd since he was appointed to chief both organizations. As he spearheads large investments that will further revolutionize both entities, he attributes the success to teamwork and risk management.

The Prime Minister has said that in a lot of ways you represent the new Fiji and a new way of doing business, with the talents of all people utilized, regardless of where they’re from, what their ethnicity is, or who they know. I’d like to flip this around and ask: What does the ‘new Fiji’ represent to you?

The new Fiji is a place of equal opportunities, where talent is recognized and hard work is rewarded. Before you build a country’s infrastructure, you need to initial have good people. In order to do that you need to care for the people, build capacity and allow people to grow. That is the new Fiji.

Fiji has made remarkable economic evolution in recent years, with the increase in 2015 expected to exceed 4% for the third consecutive year. What do you see as the foundations of this ongoing positive economic performance?
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Revised IMF forecasts signal gloom on global economic outlook

Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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Key Facts: Full name: Republic of the Fiji Islands

Population: 854,100 (UN, 2010)
Area: 18,376 sq km (7,095 sq miles)
Major languages: English, Fijian, Hindi
Major religions: Christianity, Hinduism, Islam
Life expectancy: 67 years (men), 72 years (women) (UN)
Monetary unit: 1 Fijian dollar = 100 cents
Main exports: Sugar, clothing, gold, processed fish, timber
GNI per capita: US $3,580 (World Bank, 2010)
Internet domain: .fj
International dialling code: +679

top news
Interview

Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Truman Bradley, Executive Chairman of Tourism Fiji
2015/12/14

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Team Culture & Equal Opportunities Dramatic turnaround in Fiji’s state-owned enterprises
2015/12/14
Faiz Khan has overseen huge upswings in profitability and performance at the Fiji Pine Group of Companies and Airports Fiji Ltd since he was appointed to chief both organizations. As he spearheads large investments that will further revolutionize both entities, he attributes the success to teamwork and risk management.

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“Tourism is the future for Fiji”
2016/01/16
As Fiji enjoys an extra record year for tourism, Andrew Turnbull, Chairman and founder of one of Fiji’s flagship resorts, Tokoriki Island Resort, outlines the opportunities for further increase in the sector.

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Grahame Southwick, Executive Chairman of the Fiji Fish Marketing Group
2015/12/26
Fiji’s staple tuna industry has come under pressure in recent decades from declining fish stocks and a proliferation of foreign vessels. Legendary fisherman Grahame Southwick, founder and Executive Chairman of the Fiji Fish Marketing Group, explains how he diversified his business to survive, with exports to the USA presently flourishing.

What is your opinion on the evolution being made towards the creation of a united, modern Fiji under the current government and constitution?

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Banking in Fiji BSP Fiji positions itself as banking partner of choice in the hub of the Pacific
2015/12/26
After gaining a foothold in Fiji with acquisition of the Colonial Fiji Group in 2009, Bank of South Pacific (BSP) has established itself as the leading retail bank with the fastest growing market share of the business and international banking sector. Country Manager Kevin McCarthy explains that the bank’s deep roots and extensive network in the region make it the natural choice for any business looking to enter the Fijian market as a base for regional commerce and trade.

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