AGP Executive Report
Last update: 10 hours agoRemittances: Fijians overseas sent home $1.2 billion from January to August, nearing the full-year 2025 total; Australia remained the largest source. Startups: A Fiji venture has won a place at the Startup World Cup finals in Silicon Valley, while the Fiji Innovation Hub is mentoring nine startups and backing young entrepreneurs. Emerging industries: More than 600 people have taken part in agarwood training, as growers explore new rural income opportunities. Energy costs: EFL is seeking a higher fuel surcharge as hydro dam levels fall. The current surcharge stays in place until December, while a proposed tariff increase is deferred until March 2027. Public finances: Government debt is projected to reach $12.6 billion, or 84.8% of GDP, by July 2027. A $20 million guarantee aims to keep PAFCO operating and protect jobs in Levuka. Jobs and growth: Fiji’s sugar industry is expected to miss its 2026 output target, while international arrivals rose 27.7% in the second quarter.
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