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Dua Hari Pascadilantik, Menteri Investasi Kunjungi KEK Sei Mangkei Simalungun
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Monika Singh
3 April, 2021, 10:30 pm
The Pacifi c Business Monitor Fiji Focus 2020 Report
found that COVID-19 had a signifi cant impact on the
normal operation of businesses in Fiji, especially from
July to October 2020. Picture: SUPPLIED
THE continued impact of closed international borders in the heavily international tourism dependent country is placing immense pressure on business owners in Fiji and the Pacific.
Pacific Trade Invest (Australia) trade and investment commissioner Caleb Jarvis cited their recent Fiji focused report which found that in 2020 businesses in Fiji were more challenged by poor cashflow, local lockdowns, limited access to finance and the increasing cost of products/raw materials compared with businesses in the Pacific region.
Dawson MP George Christensen has launched an inquiry into what he calls the hypocrisy of the big banks and insurance services. He is calling for businesses in the resources sector who have fallen victim to ethical decisions from banks and insurance companies pulling back from the coal sector to come forward and tell their stories. What we re hearing out of the sector is that insurers are saying if you ve got so much of your business in thermal coal mining, we don t want to insure you anymore, he said Why? These are lawful, law-abiding businesses and they are having these services withdrawn from them, pretty arbitrarily, simply because these financial service providers - banks and insurers - somehow think there s an ethical issue involved.