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$7 Million Bonus Payment For Fiji Pine Landowners

While addressing the landowners, Mr Bainimarama said 2018 was the best year in the history of the Pine Industry only because of the strategic decisions, reforms and procedures carried out. “Fiji Pine is in a position that will sustain its financial security over the long term,” Mr Bainimarama said.
22 Oct 2019 13:49
$7 Million Bonus Payment For Fiji Pine Landowners
Prime Minister Voreqe Bainimarama with pine landowners who received their cheques on October 21, 2019, in Lautoka. Photo: Charles Chambers

Pine landowners yesterday received a record-equaling bonus payment of $7 million from Prime Minister Voreqe Bainimarama during the Fiji Pine lease security bonus payment.

Fiji Pine

While addressing the landowners, Mr Bainimarama said 2018 was the best year in the history of the Pine Industry only because of the strategic decisions, reforms and procedures carried out.

“Fiji Pine is in a position that will sustain its financial security over the long term,” Mr Bainimarama said.

“The company is debt-free and infrastructure has been upgraded to a state-of-the-art level and this has been done with no importation of raw materials.

“All the money generated by Fiji Pine stays in Fiji, benefitting Fijian families and adding fire to the Fijian economy.”

A member of the Yavusa Nasevaravara receiving her checeque from the Prime Minister Voreqe Bainimarama at Tropik Wood yesterday. Photo: Charles Chambers

A member of the Yavusa Nasevaravara receiving her checeque from the Prime Minister Voreqe Bainimarama at Tropik Wood
yesterday. Photo: Charles Chambers

PM encourages landowners

Mr Bainimarama encouraged the landowners to make good use of their funds and even purchase stocks in companies on the South Pacific Stock Exchange.

“Now that you have your payments, keep putting this money to work,” he said.

“Make investments of your own, buy stocks in companies on the South Pacific Stock Exchange, turn a business idea you’ve shared around the grog bowl into a reality, or invest in the development of your land, which you can then lease for a healthy return.

“There are doubters out there trying to throw salt on Fiji’s own economic prospects, don’t listen to them. These are the same people who criticized my Government eight years ago when we first took on the mammoth task of reforming this company to save it from bankruptcy.”

He highlighted to the landowners that the only concern they should be focused on was keeping the industry on its record-breaking streak of success.
Edited by Ivamere Nataro

Feedbackcharles.chambers@fijisun.com.fj

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