AGP Executive Report
Last update: 7 hours agoCorporate Performance: Fijian Holdings has passed $1 billion in assets, reaching $1.09 billion, and lifted pre-tax profit 11% to $67 million. But borrowings rose 19% to $470.7 million, and the group says stronger cash flows and sustainable returns are now priorities. Tourism: Visitor arrivals increased 3.7% in the first nine months of the year, led by visitors from Australia, the US and Europe. Hotel turnover also rose, though the Reserve Bank sees some easing in bookings later this year. Business Costs: Fuel and gas prices rise from today, with petrol up 55 cents to $3.70 a litre on parts of Viti Levu and diesel up 46 cents to $3.87, adding pressure on households, transport operators and businesses. Economic Outlook: Economists and employers say investor confidence depends on political stability and fiscal discipline. The World Bank has warned Fiji’s debt could exceed 90% of GDP by 2028, strengthening calls for spending restraint and reforms. Agricultural Exports: A three-year partnership will help pineapple growers improve export readiness, branding and links with overseas buyers, targeting opportunities including New Zealand.
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