The Capital Markets Development Authority would continue to provide an attractive investment alternative for companies intending to raise capital in the Fiji capital markets. The Authority has several projects in the pipeline.
The CMDA said that capital markets were always focussed on long-term development and that current events in Fiji were unlikely to deter investors and businesses who were focussed on investing long term.
Tuesday, December 12, 2006
Monday, December 11, 2006
Film industry in Fiji confident
The Fiji Audio Visual Commission will continue to promote Fiji as a great film destination because the country still has the most attractive tax incentives in the world for film production.
The Commission's comments came after CBS Limited wrapped up its shooting of Survivor in Fiji last week. CBS earlier pulled out some of production staff from Suva and apart from some minor issues with travel and delivery of supplies, the show was not affected.
The company said that its producers on location were assured by the Fiji military what they were safe on the remote island where they were filming and that the cast and crew would be permitted to leave the country safely when the show wraps production.
The Fiji Audio Visual Commission said it will continue to promote Fiji as a great film destination, with its many exotic and untapped locations, its unique culture and multiracial and multi-religious people.
The Commission is planning to conduct aggressive promotional campaigns abroad next year.
Note from GV : Foreign investors that wish to invest or set up business in Fiji can contact our company, Gilbert & Samuels Company Limited, for assistance. Our contacts are by e-mail gilbert@connect.com.fj or telephone +679 3396427.
The Commission's comments came after CBS Limited wrapped up its shooting of Survivor in Fiji last week. CBS earlier pulled out some of production staff from Suva and apart from some minor issues with travel and delivery of supplies, the show was not affected.
The company said that its producers on location were assured by the Fiji military what they were safe on the remote island where they were filming and that the cast and crew would be permitted to leave the country safely when the show wraps production.
The Fiji Audio Visual Commission said it will continue to promote Fiji as a great film destination, with its many exotic and untapped locations, its unique culture and multiracial and multi-religious people.
The Commission is planning to conduct aggressive promotional campaigns abroad next year.
Note from GV : Foreign investors that wish to invest or set up business in Fiji can contact our company, Gilbert & Samuels Company Limited, for assistance. Our contacts are by e-mail gilbert@connect.com.fj or telephone +679 3396427.
Internet providers welcome competition
Competition in wireless internet services were welcomed by the two service providers in the industry, Unwired Fiji and Connect Fiji, after a move by Fiji Telecommunications Limited (FINTEL) to provide those services.
Unwired Fiji said there was room for competition in that industry in Fiji while Telecom Fiji, whose subsidiary is Connect Fiji, said that competition was good for the industry.
Consumers should now see more competitive rates offered in the wireless internet sector.
Unwired Fiji said there was room for competition in that industry in Fiji while Telecom Fiji, whose subsidiary is Connect Fiji, said that competition was good for the industry.
Consumers should now see more competitive rates offered in the wireless internet sector.
Tourism Action Group works on rebuilding confidence
The Tourism Action Group (TAG) has been reconstituted and will focus on rebuilding confidence in Fiji as a preferred holiday destination. TAG will advise Fiji's source markets for tourists that despite the political events, Fiji is still beautiful and as friendly as ever. The body's focus will be on the need to mobilise its efforts with other tourism related businesses into rebuilding the industry.
Wednesday, December 6, 2006
Interesting times for investors
These are indeed interesting times for investors who have already invested in Fiji and those considering to invest their hard-earned dollars. What does one do? Buy government papers? Will government be able to make good its promise to honour those papers when they fall due? Do you invest here, yes, right here in Fiji? If you do, what options are available to you? How about investing overseas? Investing in Australia and NZ are options that could be considered. How do you go about that with all the foreign currency and exchange control restrictions just put in place by the Reserve Bank of Fiji yesterday? For advice, contact our company, Gilbert & Samuels Company Limited, on e-mail gilbert@connect.com.fj or telephone +679 3396427. Our principal, Gilbert Veisamasama Jr, is an investment advisor licensed by the Capital Markets Development Authority - Fiji's capital markets regulator. Read his profile at the right hand side of this blog.
Monday, December 4, 2006
Property gives best returns: study
We duplicate here the outcome of a study in Australia which was reported on www.news.com.au.
Investors should be devoting at least 20 per cent of their investment portfolio to direct property assets in the retail, office and industrial sectors, a study shows.
The study commissioned by the Australian Direct Property Investment Association (ADPIA) found increasing the direct, or commercial, property component in an investment portfolio significantly reduced risk and the chance of investment loss.
The research looked at the performance of 11 different asset classes over 10 and 20 year periods, such as local and overseas shares, residential and listed property, Australian fixed interest and cash, and managed funds.
"ADPIA's view is we should have at least 20 per cent in direct property," ADPIA immediate past-president and executive committee member Richard Cutler said.
Mr Cutler, who also heads up Macquarie Bank's Direct Property division, said there was a very significant mismatch between the findings and what was happening in the market, with the allocation to commercial property from investors and their advisers declining since the 1980s.
"It (property) is the financial wealth of the world and ... we've got a very low and decreasing allocation to it," he said.
"So common sense says we've got it back to front and this research will really flesh that out."
Atchison Consultants managing director Ken Atchison, who carried out the study for ADPIA, said the decline was caused by a lack of available research, as well as behavioural finance.
"A market goes bad and everybody withdraws – that's the time when you should invest ... it's a classical psychological reaction," Mr Atchison said.
Investment in direct property peaked in the property boom of the late 1980s and early 1990s.
He said the research showed direct property provided strong total returns of 9.5 per cent in the 20 years to June 30, 2006, and 10.5 per cent over the 10-year period, with industrial and retail assets the best performers.
In the 10 years to June 30, direct property also produced the highest levels of income return of any other asset class, at 7.2 per cent, the report found.
According to the study, the asset class also exhibited the lowest volatility of income returns over both periods, a valuable characteristic that made a significant difference to long-term returns because it reduced the chance of making a timing error entering or exiting the market, Mr Atchison said.
He said a fully diversified property portfolio should be made up of "four states, three sectors", being NSW, Victoria, Queensland and Western Australia, and across the office, retail and industrial sectors.
ADPIA represents property industry professionals such as fund managers, custodians and financiers and was set up as the peak industry body in 1999.
Note from GV : For investment advice in Fiji, contact our company, Gilbert & Samuels Company Limited, on e-mail gilbert@connect.com.fj or telephones +679 3396427 or +679 9921427. Our principal, Gilbert Veisamasama Jr, is an investment adviser licensed by the Capital Markets Development Authority of Fiji - Fiji's capital markets regulator.
Investors should be devoting at least 20 per cent of their investment portfolio to direct property assets in the retail, office and industrial sectors, a study shows.
The study commissioned by the Australian Direct Property Investment Association (ADPIA) found increasing the direct, or commercial, property component in an investment portfolio significantly reduced risk and the chance of investment loss.
The research looked at the performance of 11 different asset classes over 10 and 20 year periods, such as local and overseas shares, residential and listed property, Australian fixed interest and cash, and managed funds.
"ADPIA's view is we should have at least 20 per cent in direct property," ADPIA immediate past-president and executive committee member Richard Cutler said.
Mr Cutler, who also heads up Macquarie Bank's Direct Property division, said there was a very significant mismatch between the findings and what was happening in the market, with the allocation to commercial property from investors and their advisers declining since the 1980s.
"It (property) is the financial wealth of the world and ... we've got a very low and decreasing allocation to it," he said.
"So common sense says we've got it back to front and this research will really flesh that out."
Atchison Consultants managing director Ken Atchison, who carried out the study for ADPIA, said the decline was caused by a lack of available research, as well as behavioural finance.
"A market goes bad and everybody withdraws – that's the time when you should invest ... it's a classical psychological reaction," Mr Atchison said.
Investment in direct property peaked in the property boom of the late 1980s and early 1990s.
He said the research showed direct property provided strong total returns of 9.5 per cent in the 20 years to June 30, 2006, and 10.5 per cent over the 10-year period, with industrial and retail assets the best performers.
In the 10 years to June 30, direct property also produced the highest levels of income return of any other asset class, at 7.2 per cent, the report found.
According to the study, the asset class also exhibited the lowest volatility of income returns over both periods, a valuable characteristic that made a significant difference to long-term returns because it reduced the chance of making a timing error entering or exiting the market, Mr Atchison said.
He said a fully diversified property portfolio should be made up of "four states, three sectors", being NSW, Victoria, Queensland and Western Australia, and across the office, retail and industrial sectors.
ADPIA represents property industry professionals such as fund managers, custodians and financiers and was set up as the peak industry body in 1999.
Note from GV : For investment advice in Fiji, contact our company, Gilbert & Samuels Company Limited, on e-mail gilbert@connect.com.fj or telephones +679 3396427 or +679 9921427. Our principal, Gilbert Veisamasama Jr, is an investment adviser licensed by the Capital Markets Development Authority of Fiji - Fiji's capital markets regulator.
Friday, December 1, 2006
Interest rates continue to rise
Commercial banks' interest rates in Fiji continue to rise. Whilst this will affect borrowing for investment purposes, it is good for those seeking to invest. For one year term deposits, ANZ now pays the best rate at 7% followed by Credit Corporation Fiji Limited at 6.75% and HFC Finance at 6.5%. While some investors may be a bit hesitant to invest at the moment, it is important to point out that none of Fiji's banks have failed as a result of previous political crises. For more information and advise, contact our company, Gilbert & Samuels Company Limited, on e-mail gilbert@connect.com.fj or telephone numbers +679 3396427 or +679 9921427. Our principal, Gilbert Veisamasama Jr, is an investment adviser licensed by the Capital Markets Development Authority - Fiji's capital markets regulator.
Note from GV : For self catering accommodation in Suva, check out our two bedroom rental home through links at the right hand side of this blog and then get in touch with us on the contacts noted above. Book early for the Southern winter, June to September 2007!
Note from GV : For self catering accommodation in Suva, check out our two bedroom rental home through links at the right hand side of this blog and then get in touch with us on the contacts noted above. Book early for the Southern winter, June to September 2007!
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