Denarau Central - Fiji Islands

19/07/2024

🇮🇩 Bali's I Gusti Ngurah Rai International Airport served 11 million passengers in the first half of 2024, showing a 16% increase compared to the same period in 2023. June saw the highest passenger movement with over 2 million passengers and 11,575 aircraft movements.

The airport operates 22 domestic routes with Jakarta being the busiest, and 36 international routes with Singapore leading in passenger numbers. Australian citizens were the highest foreign arrivals, followed by Indian and Chinese citizens.

Plans for the second half of the year include adding new international routes and hosting the Bali International Air Show in September.

19/07/2024

🇹🇭 On June 8, Thai Prime Minister Srettha Thavisin announced the cancellation of the 300 baht (S$11) tourism fee for foreign tourists entering Thailand by air.

He argued that eliminating the fee could boost tourist spending on shopping and activities, stimulating the economy more effectively.

Srettha emphasized the importance of considering all stakeholders' perspectives and generating revenue from other tax sources to support tourism.

He also highlighted progress in discussions with Apple for a Startup Centre at Chiang Mai University, aiming to finalize the deal by the end of 2025.

19/07/2024

🇺🇲 🇨🇳 ASEAN countries' exports to the U.S. in the January-March period surpassed those to China for the first time in six quarters, indicating a shift in the region's trade patterns.

Data compiled by Nikkei Asia from the ASEAN secretariat, individual governments, and local media shows ASEAN exports to the U.S. reached $67.2 billion, while exports to China were $57 billion.

Experts attribute this trend to the U.S. increasing its procurement of semiconductors and electrical parts from ASEAN.

Meanwhile, China's economy remains lackluster, further contributing to this shift.

19/07/2024

🇧🇳 Brunei Darussalam is developing a digital payment hub to enhance its business ecosystem as part of its Smart Nation initiative, led by National Digital Payments Network Sendirian Berhad, expected to launch soon.

Sultan Hassanal Bolkiah emphasized the potential for growth in cashless transactions during a ceremony at Istana Nurul Iman on July 15. In international affairs, 2024 marks the 40th anniversary of Brunei Darussalam's diplomatic relations with various countries and its commitment to regional and international organizations.

The Sultan highlighted Brunei Darussalam's commitment to the Paris Agreement, aiming for a 20% reduction in greenhouse gas emissions by 2030 and the preparation of a National Adaptation Plan for climate resilience. Environmental sustainability remains a key agenda in Brunei Darussalam's development efforts.

28/06/2024

Sustainable, progressive and inclusive Fiji

28/06/2024

𝐂𝐨𝐚𝐥𝐢𝐭𝐢𝐨𝐧 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 $𝟒.𝟓𝟓𝟐𝐛 𝐁𝐮𝐝𝐠𝐞𝐭

The Coalition Government today handed down its second national budget since it came to office, with an estimated $4.552 billion in total expenditures and total revenue of $3.917 billion.

Fiscal deficit is $635.5 million, or 4.5 per cent of Gross Domestic Project (GDP).

Debt to GDP ratio is projected to decline further to 77.8 per cent by end of July 2025, and the target is to reduce this further to around 60 per cent of GDP by 2040.

Deputy Prime Minister and Minister for Finance, Strategic Development and National Planning and Statistics, Honourable Professor Biman Prasad took over 1 and half hours to deliver the budget address in parliament today.

Key features include;
• A 7 to 20 per cent pay rise for civil servants, injecting $85 million into the pockets of 42,000 government employees
• New National Minimum Wage Guideline of $5 an hour to be implemented in 2 phases, starting with $4.50 an hour from 1 August 2024, increasing to $5 an hour from 1 April 2025.
• $9.2 million payout to the 368 mine workers of Vatukoula, with each miner to be paid a total of $25,000 in two installments. $10,000 will be paid from the 2024-2025 budget while the balance of $15,000 will be paid from next year’s budget.
• $57 million pension restoration for Fiji National Provident Fund pensioners, with the first payment of $4 million to be paid this year.

28/06/2024

28/06/2024

Tourism earnings for the March quarter raked in $490.7 million, says the Fiji Bureau of Statistics in its Fiji earnings from tourism report

28/06/2024

Mark your calendars for the Fiji Tourism Convention, taking place 26-27 September 2024 to coincide with World Tourism Day.

This year's theme 'Tourism Together' highlights the opportunity to work across sectors to strengthen Fiji's tourism offering.

Join us as industry leaders, policymakers, and professionals gather to discuss the latest trends, challenges, and opportunities in the tourism sector.

28/06/2024

27/06/2024

Welcome to Denarau Central - Fiji Islands , a premier 135-acre beachfront land located on the stunning Denarau Island in Fiji. This exclusive property offers unparalleled potential for high-end resort, hotel, and integrated mixed-use tourism projects. Perfectly positioned in Fiji's sought-after tourist destination, Denarau-Central is your gateway to creating a world-class luxury experience. Seize this unique investment opportunity and be a part in shaping the future of Fiji's vibrant tourism industry!

Drop us a line with your contacts if you are interested in being a part of this unique Investment opportunity!