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The effects of the Asian financial crisis led to a sharp drop in the number of Asian tourists visiting Fiji in 1997 and 1998, which contributed to a substantial drop in gross domestic product. Positive growth returned in 1999, however, aided by a 20% devaluation of the Fijian dollar . 2005 was a record year for the tourism sector, with 9% ...
The 51st Pacific Islands Forum was a meeting of the heads of state and heads of government of the Pacific Islands Forum (PIF), which was held in Suva, Fiji from 11 to 14 July 2022. [2] The meeting was chaired by the Prime Minister of Fiji, Frank Banimarama. [3] The meeting led up to the launch of the 2050 Strategy for the Blue Pacific Continent ...
As an island nation, Fiji has had a heavy reliance on fish for much of its history, both as a staple food and as an economic product. While fisheries only contributed 1.7% of total gross GDP between 2000 and 2008, it represented 12% of Fiji's exports in 2008, equivalent to US$63 million. [ 38 ]
This is a list of newspapers in Fiji. Daily Post; Fiji Focus; Fiji Live; Fiji Samachar; Fiji Sun; Fiji Times; Fiji Village; The Jet Newspaper; Shanti Dut; The Stallion; South Sea Times; Nai Lalakai; Kaila; Fiji Newswire; Fiji One; Fiji Broadcasting Corporation; Islands Business (magazine) Mai Life (magazine)
The unemployment rate remained relatively stable through early 2020, but by the end of the year, it increased from 4.4% in February 2020 to 5.1% in December 2020, reflecting the economic challenges posed by the crisis. [373] The unemployment rate remained around 5% throughout much of 2021 before gradually decreasing to 4.4% by the end of 2021.
Fiji will strike a deal with Australia to upgrade ports and shipbuilding infrastructure, months after its prime minister said it was likely to partner with China on the project, the government of ...
Pacnews is a regional news agency and international wire service headquartered in Suva, Fiji. Pacnews is operated as a service of the Pacific Island News Association (PINA), a regional organization composed of journalists and news organizations in the Pacific Islands region. [1] Pacnews is sometimes written as PACNEWS.
Wall Street's main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected, with investors awaiting Fed Chair Jerome Powell's comments later in the day for ...