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Country’s Top Business Awards Launched

Country’s Top Business Awards Launched
From left: chairman of Investment Fiji Truman Bradley, British High Commissioner to Fiji Melanie Hopkins, Minister of Industry, Trade, Tourism, Lands and Mineral Resources Faiyaz Koya, Investment Fiji chief exectuive officer Godo Muller-Tuet,Tappoo general manager finance Sumith Perera, representing last year’s Supreme winners, Fiji Water legal counsel South Pacific Lorraine Reiher, representing this year’s Supreme Award sponsor and New Zealand High Commissioner to Fiji Jonathan Curr at the launch of the 2018 Prime Ministers International Business Awards in Suva on July 16,2018. Photo: Simione Haranavanua
July 17
10:00 2018

The Supreme Award is the topmost prize businesses can win

 

The country’s most prestigious business awards event, held to recognise the top businesses in Fiji, and given by the Prime Minister himself, was launched yesterday in Suva.

For some in the corporate sector, the Prime Minister’s International Business Awards is the holy grail of business awards in the country.

The ceremony in itself is a celebration of achievement.

But the goal is to encourage businesses to  set benchmarks that can help them contribute to Fiji’s national development goals.

This year’s event was launched at Suva’s Grand Pacific Hotel by the Minister for Industry, Trade, Tourism, Lands and Mineral Resources Faiyaz Koya.

Mr Koya said the private sector was an important player in the Government’s “vision for a modern and inclusive economy.”

“An upward trajectory” of private and public sector investment in 2017 that made up nearly 20 per cent of national Gross Domestic Product (GDP) was an indication of this, Mr Koya said.

“In 2017, total investments were approximately 27 per cent of the GDP, which amounts to $2.6 billion. Private sector and public enterprises investment made up 18.5 per cent of the GDP or $1.8 billion.  This upward trajectory is expected to continue in 2018 and 2019.

“This promising growth simply means Fiji is still the preferred investment destination, not only for new investors but for domestic and foreign investors, who are re-investing into the country.”

Amid a steady rise of exports, the Minister said Fiji was on a journey to become the Pacific’s commercial hub.

“In 2017, total exports grew by 6.1 percent to $2.5 billion. This growth was led by exports of sugar, mineral water, molasses, fruit and vegetables, kava, to name a few,” he said.

“In 2018, total export is forecast to grow by 7.5 per cent led by increased exports of timber, mineral water, gold, fish, fruits and vegetables, re-exports and other domestic exports.

“It is also worth noting, that re-exports grew by 4 percent in 2017.This strengthens Fiji’s position as a regional hub.”

He also pointed to the planned Wairabetia economic zone as an indication of Fiji’s endeavours.

He also announced that Government was in the process of reviewing Fiji’s investment law and policy.

“The objective is the modernisation of our investment laws and regulations to be up to the international standards, as well as, adoptive of the global practices,” the minister said.

The awards event is managed by Investment Fiji and will be announced in November this year.

It has several categories, like excellence in business leadership – to name a few.

The Supreme Award is the topmost prize businesses can win.

Last year’s Supreme Award went to the Tappoo Group of Companies.

This year’s supreme award category is sponsored by Fiji Water.

Feedback:  sheldon.chanel@fijisun.com.fj

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