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This blog is brought to you by Gilbert & Samuels Company Limited, a financial advisory services and consulting company based in Suva, Fiji.
To contact the authors of this blog, please call telephones (679) 3342719, (679) 3544897 or e-mail info@gilbert.com.fj.


Monday, May 21, 2007

Retailers call for an Economic Think Tank

The Fiji Retailers Association is calling for an Economic Think Tank to be set up to make suggestions on assisting businesses during the difficult economic conditions currently being faced in Fiji.

Among the Association members' concerns is that the current high costs of doing business and high interest rates in Fiji is contributing to more and more businesses facing problems leading to winding up for some of them.

Some businesses have had to resort to the private funds of their owners or borrow from overseas to pay off debts and meet overheads.

Currently, businesses may borrow (up to a stipulated limit) from abroad to meet their business needs. On the other hand, foreign investors are required to bring in their own funds for setting up businesses in Fiji. Foreign investors running businesses may borrow only to meet their working capital needs from banks and financiers in Fiji.

Note : Businesses that need assistance with funding and investment in Fiji can use our company, Gilbert & Samuels Company Limited, for advice. To contact us, you can call telephones (679) 3396427 or (679) 9921427 or e-mail gilbert@connect.com.fj.

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