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Press Releases

Please find press releases from the FABC, as well as relevant press releases from other organisations in Australia and Fiji

• Building stronger and more resilient economies in the Pacific

  An Op-Ed piece from Australian Minister for Trade, Mr Simon Crean MP.

• FABC Congratulates NZ, Australia and Fiji on Foreign Ministers' meeting in Canberra

  FABC's congratulatory note on Foreign Ministers' meeting in Canberra

• Joint Press Conference with Foreign Minister Stephen Smith and NZ Murray McCully in Canberra (1)

  Joint Press Conference of Foreign Ministers Sephen Smith, Murray McCully and Ratu Inoke Kubuabola in Canberra.

• Joint Press Conference with Foreign Minister Stephen Smith and NZ Murray McCully in Canberra

• Economic Review by the Reserve Bank of Fiji for January, 2010

  Economic Review for January 2010 by the Reserve Bank of Fiji.

• Economic Review by the Reserve Bank of Fiji for December 2009

  Economic Review for December, 2009 by the Reserve Bank of Fiji

• Australia Assists with Development of Kindergarten Curriculum Guidelines

  Australia Assists with Development of Kindergarten Curriculum Guidelines

• PACER Plus lunch presentations (2)

  Introduction and an Overview of PACER Plus by Kaliopate Tavola

• PACER Plus lunch presentations (1)

  PACER Plus presentations by Prof Biman Prasad of USP from an "Economist's perspective"

• PACER Plus lunch presentations

• OPENING REMARKS BY H E MR JAMES BATLEY

  Australia has been pleased to support USP throughout its forty plus years of operation.

• FLOOD REHABILITATION FACILITY GUIDELINE CHANGES

  The Reserve Bank of Fiji established the Flood Rehabilitation Facility (FRF) in April 2009 to assist businesses affected by the floods earlier in the year to obtain credit at concessional rates of interest.

• Opening Address by HE Mr James Batley at the Fiji Nursing Assn AGM

  FNA is part of a global alliance of similar professional bodies, the International Council of Nurses.

• Economic Review by the Reserve Bank of Fiji for June 2009

  Although the global economy remains in recession, there are now tentative signs of a turnaround.

• REVISED OFFSHORE PLACEMENT OF INSURANCE BUSINESS

  The Reserve Bank has revised its Policy on the placement of insurance business offshore effective from 1 July 2009.

• Australia Supports Journalism Studies at FIT

  Australia is providing F$150,000 to the Fiji Institute of Technology (FIT) to enable it to expand its teaching services and to improve the learning environment for students attending its School of Journalism.

• Economic Review for May 2009

  The global economy remains in recession. The International Monetary Fund (IMF) expects the global economy to contract by 1.3 percent this year.

• RESERVE BANK OF FIJI PROVIDES CLARIFICATION ON THE ECONOMY (1)

  The Reserve Bank of Fiji today provided a clarification on the state of the Fiji economy in response to the ADB Report, “Pacific Economic Monitor.”

• RESERVE BANK OF FIJI PROVIDES CLARIFICATION ON THE ECONOMY

• Financial Intelligence Unit Joins Egmont Group

  Fiji’s Financial Intelligence Unit (FIU) was admitted yesterday, 26 May 2009, as the 116th member of the Egmont Group by the Heads of FIUs at the 17th Egmont Group Plenary Meeting that is being held in Doha, Qatar.

• Fiji Forestry Project Wins $307,399 Australian Grant

  A teak plantation project by Future Forests Fiji has been awarded a grant of F$307,399 (A$190,000) under the Australian Government’s Enterprise Challenge Fund.

• DEVALUATION HAS BROUGHT ABOUT IMMEDIATE IMPROVEMENT IN FOREIGN RESERVES AND LIQUIDITY

  Mr. Sada Reddy, Governor of the Reserve Bank of Fiji, is pleased to announce that the devaluation and related measures put in place since 15 April have brought about an immediate improvement in the level of foreign reserves and commercial banks’ liquidity.

• Reserve Bank announces Foreign Exchange Preservation Policies

  The Reserve Bank of Fiji announced further policies to safeguard Fiji’s balance of payments in light of the deepening global crisis and its lagged effect on South Pacific Island Countries including Fiji.

• Reserve Bank announces Foreign Exchange Preservation Policy

• Reserve Bank sets up Financial Systems and Compliance office

  The Reserve Bank announces the set up of a Financial Systems and Compliance Office (FSCGroup) with effect from Monday 27 April 2009.

• Fiji Dollar devalued by 20% (3)

• Reserve Bank of Fiji consults with the banks

  The Governor of the Reserve Bank, Mr Sada Reddy, met with all the banks individually on Wednesday 22nd April to discuss a number of issues.

• Fiji Dollar devalued by 20% (2)

• Fiji Dollar devalued by 20% (1)

• Fiji Dollar devalued by 20%

• Mr Sada Reddy is the new Governor of Reserve Bank of Fiji

  Fiji Dollar devalued by 20 % with immediate effect on April 15, 2009.

• Revised Economic Projections by Reserve Bank of Fiji

  The Chairman of the Macroeconomic Policy Committee and Governor of the Reserve Bank of Fiji,Mr Savenaca Narube, today announced that “The domestic economy is now projected to contract by 0.3 percent in 2009 compared with the 2.4 percent growth announced in November last year”.

• Reserve Bank of Fiji Transfers $13 million to Government

  On 30 March, the Bank transferred a total of $33.03 million to Government.

• Reserve Bank introduces of Flood Rehabilitation Facility

  The Reserve Bank of Fiji today announced the introduction of the Flood Rehabilitation Facility (FRF). The Governor, Mr. Savenaca Narube said “The Flood Rehabilitation Facility is a new facility offered by the Reserve Bank to provide assistance to businesses affected by the recent floods to obtain credit at a concessionary interest rate”.

• Reserve Bank of Fiji maintains Monetary Policy Stance

  “While the Bank has left its monetary policy package largely unchanged, it has reduced the delegated limits on a few exchange controls”, the Reserve Bank of Fiji Governor Mr. Savenaca Narube announced following the Board meeting on 26 March 2009.

• Enhancing economic opportunities in the Pacific

  Copy of an OpEd piece by Australia's Minister for Trade, Mr Simon Crean MP, responding to recent criticisms on PACERPlus.

• Economic Review for February 2009 by the Reserve Bank of Fiji

  Global growth for 2009 has been downgraded again on account of prolonged weakness in international financial markets as well as the failure of large bailout packages to arrest the economic decline in various economies.

• Reserve Bank of Fiji maintains tight monetary policy stance

  Following the meeting of the Reserve Bank of Fiji Board held yesterday, the Governor and Chairman of the Board, Mr. Savenaca Narube, announced that the current tight monetary policy stance would remain unchanged.

• Flood Affected Schools Receive Australian Assistance

  Australian assistance towards Fiji’s recovery and rehabilitation following the January floods is continuing, with a financial contribution today for 25 schools which suffered damage or served as evacuation centres during the floods.

• Australia strengthens Human Rights training in the Pacific

  Australia has granted F$177,290 to the Pacific Conference of Churches (PCC) for a training program that will enhance community knowledge of human rights.

• Reserve Bank of Fiji clarifies issues on liquidity

  The Reserve Bank of Fiji today clarified the cause and implications of the recent liquidity condition in the financial system.

• RBF Governor's address at Siwatibau Launch

  Governor Reserve Bank of Fiji, Mr. Savenaca Narube’s speech at the Launch of “A Voice of Reason: The Writings of Savenaca Siwatibau” held on Monday 23rd February, 2009 at the AusAid Lecture Theatre, University of the South Pacific.

• FABC President sends letter of condolences to Australian Govt.

  FABC President sends a letter of condolence to the Australian High Commissioner to Fiji, HE Mr James Batley, expressing FABC's sympathy towards the Australian Government and People in their tragedy.

• Mr. Savenaca Narube's Closing Remarks at the National Anti-Money Laundering Conference

  Closing Remarks by Mr Savenaca Narube, Governor Reserve Bank of Fiji at the National Anti-Money Laundering Conference in Suva.

• Reserve Bank of Fiji clarifies issues on Foreign Reserves

  The Reserve Bank of Fiji today clarified the measurement of the level of foreign reserves in months of imports.

• Economic Review - January 2009

  January Economic Review released by the Reserve Bank of Fiji

• Fiji’s TCF Industry Gets Practical Assistance from Australia

  Fiji’s textile, clothing and footwear industry is being given a boost with a reduction in the local content requirements for all garments (excluding wool and wool-blend fabrics) exported to Australia under the SPARTECA-TCF Scheme.

• The Fiji Australia Business Council urges the Interim Prime Minister to re-consider his decision not to attend the Forum Ministers’ meeting in Port Moresby

  The Fiji Australia Business Council urges the Interim Prime Minister to re-consider his decision not to attend the Forum Ministers’ meeting in Port Moresby.

• Australia's further assistance towards the Fiji Flood (1)

• Reserve Bank of Fiji Announces Revised New Coin Issue Date

  The Reserve Bank of Fiji, today, announced that due to the delay in the arrival of the shipment, the new coins will now be released from February 16, 2009.

• Foreign Currency Account Scheme in Fiji

  As part of the initiative to assist Fiji’s balance of payments, the Interim Prime Minister and Minister for Finance announced the opening of Foreign Currency Accounts Scheme in Fiji for non-residents. This new initiative by the Government of Fiji will be effective from 1 January 2009.

• December Economic Review released by the Reserve Bank of Fiji

• Business Coalition on HIV and AIDS: Call for Sponsors

  Business Coalition Against HIV and AIDS Fiji Call for sponsors and partners: An amazing business leadership opportunity!

• Improving governance at Fiji Public Trustee Corporation

  Australian Government funding of $337,000 has assisted the Fiji Public Trustee Corporation to become more professional, efficient and service orientated in its role as guardian and manager of trust funds, deceased estates and financial affairs of people in Fiji.

• Nature's Way - ECF

  Australia’s High Commissioner to Fiji, HE Mr James Batley, today handed over a grant of FJ$350,000 to Nature’s Way Cooperative (Fiji) Ltd. Nature’s Way is the first company in Fiji to receive support under a new Australian Government program that provides direct assistance to the private sector.

• Australia Supports Small Businesses in Fiji

  Australia is supporting Fiji’s first National Business Incubator workshop, organised by the National Centre for Small and Micro Enterprise Development (NCSMED). The workshop will be attended by government planners, policy makers, business managers, private investors and other interested members of the public and private sector.

• Pacific Seasonal Workers Pilot Scheme

  The Australian Government has announced a pilot Pacific Seasonal Workers Scheme targeting one country each from Melanesia, Polynesia and Micronesia. The three-year pilot will place up to 2,500 Pacific islanders from Vanuatu, Tonga and Kiribati in horticultural work in Australian regional areas with identified labour shortages.