Prime Minister Commodore Voreqe Bainimarama said government will continue to provide the right and targeted incentives to not only create a liberalized economy in Fiji, but to encourage more companies to be publicly listed.
Speaking at the silver jubilee celebration of Fijian Holdings, PM Bainimarama said the company’s theme of ‘Growing Beyond Fiji,’ ties in well with governments focus on promoting export overseas.
“Let me take this opportunity to congratulate the Board and Management of Fijian Holdings Ltd for the record profit of $55 million achieved in the June 2009 financial year. The extra-ordinary results enabled the Company to pay out special dividends to shareholders in October 2009”PM Bainimarama said.
He added that government is strongly encouraging local companies to be more export oriented which will lead to the opening of new markets in the Pacific Islands through the import-substitution programme.
Currently Fijian Holdings has a total investment portfolio of $142million with an annual group revenue of $213million and group net asset of $166.8million. The company services customers in Vanuatu, Cook Islands, Tonga, American Samoa, Western Samoa, Solomon Islands, Wallis & Futuna and Kiribati.