10 February, 2021, 12:01 am
Opposition MP s Aseri Radrodro (left with Ratu Suliano Matanitobua during the first Parliament session in Suva yesterday. Picture: SOPHIE RALULU
Fiji Airways, the Fiji Sugar Corporation, Fiji Pine Ltd and Air Terminal Services are not audited by the Office of the Auditor-General because of limitations under the Public Enterprise Act.
This was the comment made by Public Accounts Committee member and Opposition parliamentarian Aseri Radrodro. Speaking in the House yesterday during the debate on the 2015 Auditor-General’s Report, he also said minority government-owned entities which also did not come under scrutiny by the Auditor-General’s Office included Amalgamated Telecom Holdings and Fiji Ports Terminal Ltd.
Movers and Shakers
Easter Chu Shing is the new Deputy Director General of the Secretariat of the Pacific Regional Environment Programme (SPREP). Chu Shing has worked with SPREP for the past 10 years, originally as the Biodiversity Adviser and then as Director of Environmental Monitoring and Governance.
Zed Seselja is Australia’s new Minister for International Development and the Pacific. He replaces
Alex Hawke, who has been promoted to the more senior cabinet role of Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs.
New Caledonia s SLN nickel company has a new CEO,
Guillaume Verschaeve, who will have the challenging task of restructuring operations to avoid insolvency. He replaces Colin McGibbon, who was in the role less than a year.
FNPF sees growth in telecommunications sector during COVID-19
FNPF’s investment in the tourism sector records a fair value loss
FNPF sees growth in telecommunications sector during COVID-19
FNPF’s investment in the tourism sector records a fair value loss
FNPF CEO Jaoji Koroi. [image: file]
The Fiji National Provident Fund continues to see growth in sectors like telecommunications due to increased demand for data and technology, driven by COVID-19 induced social distancing solutions.
According to FNPF’s 2020 Annual Report, this has driven new investment opportunities and has been the source for a fair value gains of $80.2 million in FNPF’s investment in the information and communication sector which constitutes around 37% of their portfolio.