AGP Executive Report
Last update: 2 hours agoFreight Costs: Swire Shipping will raise fuel surcharges from November 15. On specified Pacific routes, standard container fees will reach US$535 for a 20-foot unit and US$1,070 for a 40-foot unit, adding pressure to shipping costs. AI Opportunity: Fiji ranks 12th among Commonwealth countries for youth AI readiness. A new study estimates AI could lift GDP by US$90 million over a decade, with projections ranging from US$43 million to US$136 million. Film Industry: Productions generated $96.2 million in direct spending in 2025 and supported about 1,200 jobs. The Government says rebate settlements have cut outstanding obligations by $22 million. Tourism: 824 international yachts contributed $57.4 million to Fiji’s economy last year, including $52 million in direct visitor spending. The sector is seeking action on clearance fees and paperwork. Jobs Beyond Cities: Outsourcing firms are exploring operations beyond Suva, Nadi and Lautoka, as wider 5G coverage opens opportunities in regional communities. Public Finances: Debt is projected to reach $12.6 billion, or 84.8% of GDP, by July 2027, while the Finance Minister says there is little room for further spending cuts this year.
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