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DIWALI BRIGHTENS UP FOR FARMERS: Bainimarama orders sweetener to cane farmers - special cane payment; the award decision reveal the dictatorial nature of regime - and a subtle "vote buying scam" in motion

5/11/2015

5 Comments

 
Special cane payment for farmers

The Fiji Sugar Corporation has confirmed that cane farmers will receive a special cane payment next Monday.

Executive chair Abdul khan confirmed to FBC News that cane farmers will receive $2.80 per tonne for the last crushing season.

According to Khan this special cane payment is being arranged following the visit of the Sugar Minister and Prime Minister Voreqe Bainimarama who was in the Western division last week.

Khan says Bainimarama floated this idea to the FSC and the Sugar Cane Growers Council saying the current hardship and the drought in all cane built areas must be accounted for.

He says the special cane payment will lower the burden on cane farmers and allow them to celebrate Diwali. Source: FBC News

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PM inks legal agreement to divest shares in Fiji Ports Corporation with "OUTSIDER" Aitken Spence from Sri Lanka getting 20 per cent of shares in the consortium valued at $100million; FNPF to own 39 per cent

GOVERNMENT has today announced the divestment of 59 per cent of its shares in Fiji Ports Corporation Limited (FPCL) at a value of more than $100 million to a consortium - the Fiji National Provident Fund and Sri Lankan corporation Aitken Spence PLC.

The legal agreements were signed today by the Prime Minister Voreqe Bainimarama, and the consortium comprising representatives of FNPF and for the partial divestiture.

Mr Bainimarama said the transaction was a great step forward in the Government's asset sale divestment.

Government will maintain 41 per cent of the shares in FPCL, while FNPF will own 39 per cent and Aitken Spence 20 per cent.

Following the divestment, 80 per cent of the shares in FPCL will remain Fijian owned.

Under the agreements, Government will receive more than $100 million for 59 per cent of the shares in FPCL. The consortium of FNPF and Aitken Spence will pay $99,112,330, and the Government will also receive approximately $3.3 million from the sale of land to Fiji Roads Authority for the realignment of the road and bridge at Stinson Parade, Suva and $2.38 million from the repayment of an inter-company loan.

Minister for Public Enterprises Aiyaz Sayed-Khaiyum said the Government's objective for the divestiture is to secure the partnership of a long term investor in FPCL that would contribute to the development and growth of FPCL's asset base and continue the improvement of Fiji's sea ports, including their expansion, modernisation and development of specialised facilities.

As part of the agreements, FPCL will transfer all real estate to a government holding company, which in turn will lease the assets necessary for port operations back to FPCL. Ownership of all land interests will remain with the Fijian Government. Source: Fiji Times

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FNPF chairman, the Sri Lankan Ajit Kodagoda with Khaiyum: "Ummm, so how many shares we are talking about, in reality?"

Fijileaks: Can we TRUST Aiyaz Sayed Khaiyum when it comes to declaration of shares in Fiji Ports Corporation. He had lied about the actual shares he owned in Midlife Investments Ltd and had hid the FILE

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5 Comments
gafur link
5/11/2015 10:20:24 am

Vote buying at its best by FFP. This is what bala dass and NFP were harping about last week to increase cane payment but Abdul khan refused then and now a week later bai suggested and great chairman who earns over 400k forgets its business going concern and planned to pay $2.80 per tonne. This is peanut. Farmers deserve more than $10.00 per tonne. Draught has really affected the production and many farmers in western area supply less than 150 tonnes and to make it worse loan repayment so the farmers will get less than $150 after all deductions now this is happy diwali FFP style while PM spents $60,000 in a week just to watch Rugby World Cup while backbone of economy gets peanuts as bai thinks our farmers are monkeys. Wake up Fiji.

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PM Butaku
5/11/2015 12:20:33 pm

The PM (and Mrs. PM) watched rugby from the BRIBE money paid by a Sri-Lankan (Shit) from Fiji's FNPF.

No other PM of Fiji had ever stooped this low. This is Fiji's First.

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Anna Lan
5/11/2015 09:28:38 pm

So I know now why they said only $0.71 per tonne. So that Bai will come and announce SPECIAL PAYMENT to please farmers for Vote buying. They always HAD that $2.00 per tonne money. $0.71 was just to fool farmers with Special payments announcement. I would love to hire FFP marketing manager.

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Kalia's Puppets
5/11/2015 10:30:14 pm

Kalia's Puppet Baini only dances to the pull of his strings.

And the (once-near-bankrupt) Puppeteer Khaiyum, in the meantime, is doing Multi-Million dollar deals, selling off our national assets to Sri Lankans and splashing the Workers’ FNPF money - as if it belongs to his Father.

Khaiyum had once, even appointed his friend, another Con-Merchant, a Mr. John Prasad, as the Chairman of FNPF and all its subsidiaries as well as Fiji Water Authority and FSC and as well as the FDB - all simultaneously . Where is John P now…and a substantial sum of FNPF money??

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Dekho
6/11/2015 02:15:16 am

The Indian intelligentsia sugar coated this ruthless military ruler by describing him as a " benevolent " dictator. He is anything but...But to gain political mileage he is playing the part. Now the Indians will thank him and line up to wash his feet and use the water to mix their grog. The Indo-Fijians have no right to anything in Fiji anymore. Whatever they get depends on the charity and generosity of their " benevolent " dictator. The Indian community as a rule is now a community without self- respect and human dignity. Very few Indo - Fijians can hold their heads high. That of course is not counting in the Indo-Fijian chamchas. There of course is no shortage of that lot especially among the Indo-Fijian elite.

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