Wednesday, September 13, 2006

The Robber, The Banker and The Excuse maker.

The news of yet another burgalry of a Hindu temple in Fiji is disconcerting. The other distressing component is that the temples are desecrated after, underlining the moral decay among the populace.
Is this moral decay a reflection on the leadership of the country? Or is this just another indicator of the socio-economic landscape in Fiji?



On the subject of socio-economic landscape, reports of Fiji Govenment seeking overseas loans to the amount of $US150 million is another head shaker.

However, Bloomberg.com reports that Fiji Government is making a debut by selling their bonds for 150 million after Standards & Poor downgraded Fiji's rating.

Obviously the state treasury is under fiscal pressure by the lethargic export sector. It never seizes to amaze many, on the pandering done by the Finance Minister in rectifying Fiji's negative trade-imbalance.




Club Em Designs

No comments:

Post a Comment