Fiji Times Thursday 06 July 2017 DOMESTIC cement sales registered a solid growth of 26.2 per cent in the year to May, the Reserve Bank of Fiji has reported.
In its Economic Review for June, the central bank said this recorded growth was consistent with the continuing construction activity over the first quarter of this year.
Government, in the 2017/2018 National Budget has also introduced several measures that would further stimulate local construction.
Construction tax measures introduced include the reduction of fiscal import duty on fabricated steel structures from 32 per cent to 5 per cent and reduced fiscal import duty on insulated (electrical) cables from 32 per cent to 15 per cent provided Fijian standards are met. Read more…
