NO ELECTION = NO INVESTOR CONFIDENCE

No election budget creates fear

The absence of election funding in the 2009 budget will strike fear in the hearts of investors says Nadi Chamber of Commerce president Ram Raju.

Mr Raju said the budget was very disappointing and would affect business all over the country.

“The interim government talks about investor confidence in the economy but how can the investors be convinced that we will be back to democracy when there is no money for an election,” said Mr Raju.

“This will discourage investor confidence and the people will suffer.”

Mr Raju said the interim government showed signs of a regime living beyond itsmeans. This would affect projects funded by offshore financiers and create doubt about the political climate in Fiji, he said.

Meanwhile Ratu Tevita Momoedonu said Fiji should accept the draft People’s Charter or forget a general election. The former Fiji ambassador to Japan said he had faith in the interim regime and the non-allocation of funds for a general election meant Fiji was not ready for a poll.

“We all heard the interim Prime Minster saying no charter no election and we should accept that because they are in power and there’s nothing we can do,” he said.

Fiji Sun   24Nov08

17 Responses to “NO ELECTION = NO INVESTOR CONFIDENCE”

  1. Nostradamus Says:

    Given the choice of Charter vs Election, there is no choice. What good is an election if you agree to let the military step in every time they lose their grip on the exchequer. Choice of the Charter would just make it easier for the military to continue with no election. No point in believing their empty promises. After all, what possible incentive to they have to hold and election. None. None whatsoever. Have an election and Voreq

  2. Nostradamus Says:

    e gets tried for treason, murder and corruption and sent to prison if not hanged.

  3. Nostradamus Says:

    So why would he do it?

  4. Ablaze Says:

    The International Community is watching – no elections will not make the International Community happy so lets hope they take a tougher stance with these bunch of wannabe politicans.

  5. Budhau Says:

    The International Community – yeah they will provide the money for election budget.
    BTW..with the international community time is on IG’s side, the longer they hold on, softer that stand by the international community.
    ..and that Ratu Tevita… does he still get his PM’s pension for stepping in for a few hours.

  6. Colin Bishop Says:

    The prospect of no elections and a budget that is not friendly to a mid size business has meant that if I intend to continue in Fiji I will have to support the company myself. The family trust that owns the company is very keen to increase my shareholding to any additional amount I wish to invest as long as they can reduce theirs.

    Basically my family is keen to bail out of Fiji and concentrate on the NZ business.

    There reasoning is as follows.
    1. They do not believe that the business environment in Fiji will improve until 24 months after elections and for the first time since starting we are trading at a loss.
    2. After the rather free financial environment in NZ they are confused and uneasy with the fact that FIRCA doesn’t pay out quickly on VAT refunds and the possibility that money may not be able to be returned easily to NZ in the future.
    3. One of the family has been hit hard in the failure of a NZ finance company and is now counting pennies so he isn’t keen to invest further.
    4. The Fiji Budget gave us no assistance at all and my accountant daughter doesn’t believe the necessary income in the budget will be generated. She believes the IG will have to devalue in the future and this will hit us hard.

    It is traditional in a recession that investment money is repatriated to the home country. Unfortunately the world wide recession this time has arrived just as Fiji needs major new investment.

    I will continue in Fiji because I believe in the country and the people but it is getting painful on my pockets and if our experience is being replicated in all other medium size business in Fiji then there is no way the budget income will be generated.

  7. FijiGirl Says:

    Well said, and bravely said, Dr Raju. You are a true son of Fiji, and thank you for saying what needs to be said. Maybe one day we can have a Nadi Hash House Harriers run for Democracy …. ? Down down at your place ?

    God bless Fiji

  8. Corruption Fighter Says:

    I loved this little snipet on One National News last night. The Illegal Government is trying to attract investors by offering visas for new investors. The One National News report said :”Non-Fiji residents who intend to settle in the country will have all legal rights, except for voting.” Doesn’t that mean they’ll have the ALL the legal rights of citizens. The Illegal Government hasn’t even tried to disguise the fact that there will be no elections. So who has “voting rights”?

  9. Nostradamus Says:

    And once an elected govermment come in these fake psuedo citizens will be stripped of their rights and their assets, whatever is left after paying their pound of flesh to the military, dealing with the various formal and informal obligations and delays, and hung out to dry. Why get involved in that shyt?

  10. FijiGirl Says:

    @ CF – This is part of Chodo’s master plan to flood the country with Indian natives who will then register as ‘Vijay Nand’ or “Mohamed Iqbal’ in the next election and vote en masse for FLip FLoP.
    But we’re onto him. He’ll never get away with it because the differences between Indians from India and Fiji Indians are multitude and stick out like a sore thumb. Chodo thinks that, just because all Fijians look alike to him, all Indians look alike to us.
    Typical arrogance of the type where he thinks everyone else in the room is as stoned as he is.
    It won’t work, Chodo. It was a stupid plan in the first place and it’ll NEVER work.
    God bless Fiji

  11. chuawa Says:

    O M G!!

  12. Corruption Fighter Says:

    @FG: No-one is going to bring in $200,000 to Fiji while the current regime is running things. Chodo hasn’t done it with his millions and neither will any of his supporters.

  13. Frida Says:

    very tru corruption fighter. Chodod is making his millions earn him thousands overseas – Australia and New Zealand. can’t they do anything about the money and freeze it until a an elected governement is in place who can then investigate the source of funds and its purpose.

  14. FijiGirl Says:

    @ CF – He doesn’t have to bring in his money, all he needs to do is bring in bodies.
    People in India – especially the poor or the lower caste – are keen to leave because the corruption there means they cannot, CANNOT, get ahead.
    That’s why the Indian diaspora has spread so thoroughly throughout the world – fuelled by an unbreakable ‘glass ceiling’ in their homeland.
    The issue of not being able to own native land won’t mean anything to them because it is so much less threatening than the trials they face every day in India.
    And the malodorous Chodokant knows that, once he can increase the numbers of Indians in his favour, he’ll have a shot at PM again.
    He won’t have to touch his money – all he has to do is give out the promise of a better life, and the hoardes will come a-flocking.
    But, again, we’re onto him. They might come, but we will make sure they won’t vote. Tabu soro.
    God bless Fiji

  15. Budhau Says:

    FijiGirl – that Indian diaspora that is spread out all over the world – after the Indenture system, it is those guys who graduated from the IIT and the like, are the ones migrating – not those low life dalits that you iditos talk about.

    And whats this about Indians coming to Fiji – where did you get that from. You look like someone intelligent – I think oyu can find some better to nail Chaudary for – so cut up this crap – it is intellectually dishonest, if some idiot like Duana pushing this crap in here, I could understand, you seem to be a little bit more intelligent.
    BTW. when was the last time an Indian national voted in a Fiji election or an Indian stole some land from the indigenous folks.

    Corruption fighter – you right, none of those Fiji Indians who have migrated will put up the $200K deposit and the $3K fee to get the permanent residence status. And I don’t think we should be worried about those low caste Hindus from India. What may happen is that some other group of folks, like the Chinese, might figure out that this may be a good deal – Remember how they bought into the deal provided by Tonga.

    About what can we do about Chaudary’s money – how about we raise another few millions for him and get him to move to Australia.

  16. Corruption Fighter Says:

    @FG If the regime brought in people who hadn’t paid the $200,000, that would be spotted in a minute. The visa idea smells of John Samy to me, not Chodopu$$. Samy probably has in mind a lot of people like him rushing back to support his charter. He seems to have forgotten that he has taken $200,000 from the government rather than paying it, but he some how thinks there are people willing to pay the $200,000 to come back a vote for his friends. Not likely. And before long Chodopu$$ will be at war with the Regime. He’ll be
    putting a million miles between himself and the deepening economic mess.

  17. FijiGirl Says:

    @ CF Good points. But I still think the malodorous Chodopuss has an eye on the opportunity of bringing in people to vote for him at the next elections, be they legitimate Fiji voters, illegitimate, illegal – he doesn’t care.
    God bless Fiji

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