Articles Tagged: disaster

Is a devaluation of the Fiji dollar in the wind?   I don?t want to be a doomsayer, but the sounds coming out the Reserve Bank of Fiji are not good. RBF Governor Savenaca Narube?s call to cut consumption sounds a lot like desperation.   People can?t starve to help the balance of payments. The problem is that export earnings have slumped. Tourism was badly damaged by the coup and hasn?t recovered. Efforts to restructure the sugar industry have been hit by the antics of Chodopu$$,

The collapse of property financier Bridgecorp is yet another setback for a major property project in Fiji. The company is owed around $50 million from the Momi Resort - a development which has been riddled with problems since the last coup.

Fiji's military government has warned New Zealand and neighbours that it is on the edge of rapid deterioration and says it is in Wellington's strategic interests to help avert the impending disaster.