Business

Reserve Bank raises official cash rate by 50 basis points to 2.5 percent

The Reserve Bank has raised the official cash rate to a six-year high and promised more rises until it gets inflation under control.

July 13, 2022 2:53 pm
 

Business

McDonald’s Fiji faces patty issues

McDonald’s Fiji hopes to resume serving its beef patty products in its outlets by Friday, at the earliest.

July 13, 2022 11:40 am
 

Business

China to repay customers after mass bank protests

Authorities in China’s Henan province say they will start releasing money to customers who have had their funds frozen by several rural banks.

July 13, 2022 10:15 am
 

Business

Hyundai to build first dedicated EV factory in South Korea

Carmaker in May announced plans to invest $5.5bn in EV and battery manufacturing facilities in US state of Georgia.

July 13, 2022 9:15 am
 

Business

Boohoo starts charging shoppers for returns

Fashion firm Boohoo has become the latest retailer to charge shoppers who return items.

July 13, 2022 8:20 am
 

Business

Russia fines Apple for violating data storage law

A Moscow court on Tuesday fined Apple 2 million rubles (about $34,000) for refusing to store the personal data of Russian users on servers in Russia, part of government efforts to control online activity.

July 13, 2022 7:20 am
 

Business

Lego pulls out of Russia 'indefinitely'

Lego, the Danish toymaking giant, has said it will stop operating in Russia indefinitely due to “continued extensive disruption”.

July 13, 2022 6:30 am
 

Business

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic.

July 12, 2022 4:25 pm
 

Business

$8M investment for Oceania Hospital

Fiji’s largest private hospital, the Oceania Hospital is currently working on an $8million investment to expand its medical services.

July 12, 2022 12:10 pm
 

Business

OCR likely to rise to 2.5 percent

The Reserve Bank is set to make it three in a row this Wednesday – a half a percentage point increase in the official cash rate (OCR) in a replay of its May decision.

July 12, 2022 7:15 am
 

Business

No plans for windfall tax on electricity producers

Boris Johnson has no plans to introduce a windfall tax on the profits of electricity firms before he steps down as prime minister, his spokesman said.

July 12, 2022 6:14 am
 

Business

FHTA welcomes high profile events

The Fiji Hotel and Tourism Association has welcomed the impact on tourism due to recent high-profile events in Suva and surrounding areas.

July 12, 2022 5:30 am

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