Source: MINISTRY OF INFORMATION
The number of jobs available to those in the labour market increased by 14 per cent in the first half of the year says Reserve Bank of Fiji Governor Barry Whiteside.
This is according to RBF’s latest Job Advertisement Survey, which Mr Whiteside said is an indication that the labour market has been improving in line with the improved investor confidence.
Speaking at the University of the South Pacific organised Economic Update 2013 in Suva, he said Fiji’s investment to Gross Domestic Product (GDP) was at an all time high at the forecasted 28 per cent, which is higher the 2012 figure of 18 per cent and has surpassed Government’s projection of 25 per cent.
“Recently, significant new investments have been noted in the aviation, tourism, mining and financial services sectors while Government has embarked on massive public infrastructure projects in roads, ports and bridges,” Mr Whiteside said.
“Our garments and manufacturing sectors are also showing much greater confidence with higher investments this year and more envisaged.”
Mr Whiteside, however, has called on Government to reduce the debt to GDP which at close to 50 per cent is quite high although only 15 per cent of that is through external borrowings.
Reserve Bank of Fiji Governor Barry Whiteside.