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Fiji will become the Brazil of the Pacific once the ethanol project starts, says the Chinese company which plans to invest $US40million ($F65million) in it. The general manager of Guangxi State Farms, Cao Fangwu, brought in by Fiji's Ambassador to China, Sir James Ah Koy, said he was not concerned by the country's political problems. Sir James said 700 people would be employed in the project. (FT)
Interim Prime Minister Commodore Voreqe Bainimarama has written to the Pacific Islands Forum chair and Niue Premier Toke Talagi lobbying proposals on the way forward. The permanent secretary in the Prime Minister's Office, Parmesh Chand, said they were still waiting on a response from Mr Talagi after writing last week. Meanwhile Fiji has agreed to attend a special Pacific Forum leaders meeting later this year scheduled for Papua New Guinea. (FT)
Signing the Charter forms given out by consultation teams does not mean support for the Charter. The NCBBF’s John Samy has clarified that signing the form does not mean agreement and the signatures are not separated from the feedback. (radiofiji.com)
Former Interim Commerce Minister Taito Waradi has been retired as a Director and Chairman of the Fiji Development Bank. A statement from the Prime Minister’s office yesterday said Waradi is replaced by John Prasad, a Project Management and Financial Consultant. (fijilive.com)
Chinese investors have proposed to the Native Lands Trust Board to set up a new subsidiary company to enable it to enter a joint venture to establish the ethanol industry in Fiji.
Speaking at a press briefing yesterday morning, Fiji's Ambassador to China Sir James Ah Koy as he revealed that the Chinese company Guanxi State Farms has been chosen to start ethanol production in Fiji and initial plans involved NLTB's Vanua Development Company which is facing some problems. (fijivillage.com)
Ambassador to China Sir James Ah Koy yesterday spearheaded a meeting with key Government agencies as part of his attempts to entice more Chinese investors here. Talking tax incentives, FIRCA officials played their part in trying to make sure these Chinese investors, put pen to paper and seal what so far on paper, proposes to be a $40 million investment. (fijivillage.com)
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