The Fiji Times, 24 May 2019 – A NEW report released today predicts a flat-lining of capital expenditure over the next two years with a slowdown in private investment.
ANZ Bank’s research report Pacific Economic Outlook 2019 highlighted that private investment contributed to the bulk of investment, increasing its share from 45 per cent in 2013 to 56 per cent in 2018.
It stated major projects, such as the Amex Resources iron ore, Tuvatu gold mine, multi-story mixed purpose Friendship Plaza, Goodman Fielder chicken farm sheds, Sofitel Resort refurbishment and the start of the Pullman Nadi Bay Resort, Carpenters Fiji-sponsored Hilton hotels in Suva as well as the Damodar Brothers Labasa Complex contributed to activity last year.…read more
