“Next year, there will be a downturn in the currently booming Fiji tourist industry, because of the economic downturn and high interest rates in Australia and especially New Zealand. .
An Australian multinational and financial services company says Fiji’s year-end inflation rate was projected at an average of three per cent.
The development on Friday followed SunBiz queries over its earlier position where Fiji’s inflation rate was 1.5 per cent..
The worry that 1400 Fijian jobs could be lost to Southeast Asia has been eased, with the garment sector hailing the Government’s initiatives to allow businesses to resume..
Over one thousand Fijian jobs may be lost to South Asia if the manufacturing sector does not resume operations within the next two weeks. The Textile Clothing Footwear Council of.