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The sugar industry is battling with ongoing and emerging challenges

The sugar industry is battling with ongoing and emerging challenges - PM Prasad questions decision to sell non productive assets of FSC in depressed economic environment The sugar industry is battling with ongoing and emerging challenges - PM Prasad questions decision to sell non productive assets of FSC in depressed economic environment Saturday 05/06/2021 Prime Minister and Minister for Sugar, Voreqe Bainimarama and National Federation Party Leader Professor Biman Prasad. [Image: Parliament of Fiji ] Prime Minister and Minister for Sugar, Voreqe Bainimarama says as much as the ministry had anticipated it could not reach the season target of 2 million tonnes of cane from 2012 to 2016.

The Fiji Times » Unionist released from jail

Apisai Tora back at work after being released from prison. Picture: FILE On March 21 1978, The Fiji Times ran a story about former unionist and parliamentarian Apisai Tora who was released from jail after being granted bail of $500 by the Fiji Court of Appeal. Mr Tora was serving a 12-month prison term imposed by the Lautoka Magistrates Court in October 1977 after being convicted of violating the sugar industry ordinance. The Fiji Court of Appeal sat in Suva and granted Mr Tora bail, pending the hearing of an appeal against his conviction by the same court. An appeal against his conviction was dismissed by the Supreme Court in Lautoka in December 1977. Bail applications were also refused by the magistrates court and the Supreme Court.

Bhan Pratap Singh is the new CEO of the FSC

Bhan Pratap Singh is the new CEO of the FSC Bhan Pratap Singh is the new CEO of the FSC Bhan Pratap Singh is the new Chief Executive Officer of the Fiji Sugar Corporation. Singh spent 18 years at FSC starting as Shift Chemist and progressing to Assistant Product Superintendent and then as General Manager with responsibility covering all the mills from 2005 until 2011. Singh also spent his last two years at FSC as Deputy CEO and General Manager Operations before leaving FSC to become CEO of Pacific Fishing Compnay (PAFCO) a position he has held till date. Singh will start work on the 22nd of next month.

Fijilive - Singh is new FSC chief executive Gateway to Fiji, Fiji News, Fiji eDirectory, Fiji Magic, Fiji Real Estate, Fiji Classifieds, Fiji Dating, Fiji Rugby, Fiji Football, Fiji Jobs, Fijian News, Fijian Music, Fiji Houses for Sale, Fiji Holidays, Fiji Sports, Fiji Picture Gallery, Fiji Business, etc

Fijilive - Singh is new FSC chief executive Gateway to Fiji, Fiji News, Fiji eDirectory, Fiji Magic, Fiji Real Estate, Fiji Classifieds, Fiji Dating, Fiji Rugby, Fiji Football, Fiji Jobs, Fijian News, Fijian Music, Fiji Houses for Sale, Fiji Holidays, Fiji Sports, Fiji Picture Gallery, Fiji Business, etc
fijilive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijilive.com Daily Mail and Mail on Sunday newspapers.

The Fiji Times » Corporation secures $20m overdraft facility

ANISH CHAND Picture: HFC Bank Government is guaranteeing a $20 million overdraft facility given by HFC Bank to the Fiji Sugar Corporation. This is according to the FSC’s 2020 annual report under “interest- bearing loans and borrowings”. “The corporation has secured an overdraft facility of $20 million with HFC,” the report read. “The facility is secured by Government guarantee and floating charge over all the corporation’s assets.” The financial statement as at May 31, 2020, revealed FSC took out a loan of $42.4 million from the Czarnikow Group Ltd for operational expenditures and grower cane payments. “This loan is secured through assignment of 2020 season contract and will be repaid through the second and third shipment of sugar for the 2020 season (financial year 2021).”

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