Lockington's Everyday Fiji ... Life Goes On
Don't Forget Them
Many people are grateful for the things that have been provided for them by the government. Big business people enjoy tax rebates and tax exemption. When they give to charity or sports they get a tax break. Let's put it this way - they get incentives, and they thrive.We also have small business people e.g car-wash, little canteens, carrier owners, internet shop, tyre repair, tailoring, etc who operate from home or operate and pay rent to a big business person.
And offer him a small grant to keep him going and improve on his business. He often laments that the small businessman is forgotten.
Allen Lockington is a self-employed customs agent and business consultant who has regular articles published in Fiji. I thank Allen for permission to reprint some of them in this political blog. They remind us that life goes on, whatever the political situation. And it's good to know that
Ed, Note. Here's a link to a speech by the Governor of the Fiji Reserve Bank that spells out some of the things government is doing to help small businesses. http://www.bis.org/review/r120423c.pdf
In sum the speech was an address at the launch of the ANZ Small and Medium Enterprises Credit Scheme in early 2012. After pointing to the obvious, that today's big bvusineses — the Prouds (Motibhais), Tappoos, Jacks (Khatris), Punjas, Niranjans, Manubhais and Vinod Patels — all started as small businesses, Governor Whiteside went on to speak of the potential for Fiji's small and medium businesses that accounted for only 12% of economic activity, far less than the 40-60% typical of developing countries. Speaking of the public private sector support for smaller businesses, he noted government's $3 million Credit Guarantee Scheme to support private sector lending that guaranteed of up to 50% on defaulting loans and up to $50,000 a business.