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With a very conservative revenue estimation strategy, Govt debt is expected to rise to $9 billion or 91 6 percent of GDP – Sayed-Khaiyum
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The Fiji Times » Samoa s superannuation fund and unit trust executes co-investment agreement with ATH and ADB for PNG mobile project
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Over 130,000 Fijians will continue to be assisted through Social Welfare programs in the new financial year
Over 130,000 Fijians will continue to be assisted through Social Welfare programs in the new financial year
[image: Parliament of Fiji]
Government will continue to assist more than 130,000 Fijians through their Social Welfare programs in the new financial year.
Minister for Economy Aiyaz Sayed-Khaiyum says despite massive reductions in fiscal revenue, government has not forgotten its obligation to protect the most marginalized Fijians.
$120 million has been allocated for the Poverty Benefit Scheme, Child Protection Allowance Program, Disability Allowance Program, Social Pension Scheme and Bus Fare Subsidies.
Timoci Vula
10 June, 2021, 7:30 am
The Asian Development Bank (ADB) and Amalgamated Telecom Holdings Limited (ATH) yesterday executed the Subscription and Shareholders Agreement (Investment Agreement) for ATH International Venture Pte. Ltd, the subsidiary company investing in ATH’s new mobile broadband telecommunications network construction project in Papua New Guinea (PNG).
In its market announcement issued by the South Pacific Stock Exchange yesterday, ATH stated that its largest subsidiary Vodafone Fiji Pte Limited was managing the project rollout.
It stated that the project had already made significant progress and “subsequently operate the mobile business under the Vodafone Brand”.
The company stated that the signing of the Investment Agreement was a key milestone for the project in formalising the ADB’s participation as the cornerstone investor in this project, and to pave the way for other equity partners to join ATH and ADB as shareholders in the project to bols