The Fiji Sugar Corporation is planning to make changes to its cane planting grant program to focus on enhancing the productivity of larger, more efficient sugarcane growers.

Fijian exporters who participated in the recent Fiji North-America Business Mission have garnered substantial interest and leads, proving the mission to be highly successful.

Fiji is now part of the Group of Twenty Organizations for Economic Co-operation and Development Inclusive Framework on Base Erosion and Profit Shifting.

Tourism Minister Viliame Gavoka highlighted the necessity for Fiji’s tourism industry to diversify and focus on offering diverse experiences that connect visitors with Fijian culture and communities.

Tourism Fiji believes that Fiji can still get more out of Australia in terms of visitor arrivals.

Finance Minister Professor Biman Prasad has once again highlighted the coalition government’s commitment to fiscal discipline, citing efforts to reduce debt-to-GDP ratio from nearly 90 percent in 2022 to below 80% by July this year.

Despite ongoing efforts to enhance the sugar industry, the Fiji Sugar Corporation continues to face significant challenges with cane supply during the crushing season, according to Chief Executive Bhan Pratap Singh.

The Fiji Sugar Corporation faces several challenges, including a high number of inactive growers and a dominance of small-scale producers with low yields.

Fiji’s annual inflation rose to 7.1 percent in April, the highest observed in the past 10 years.

A pilot project will be trialed in Fiji looking to establish a new commercial electric vehicle leasing model.

The International Monetary Fund Executive Board have welcomed the strong economic rebound in Fiji driven by the recovery in tourism.

The International Monetary Fund in its 2024 article IV consultation with Fiji says the country’s Gross Domestic Product growth is projected to moderate to three percent this year, owing in part to supply-side constraints in the tourism sector.