March 31, 2010

Regime to stimulate capital markets in Fiji by privatising FEA

Curiouser and curiouser.

No sooner had the illegal and treasonous Central Bank governor, Sada Reddy, lauded increased visitor arrivals and increased electricity production as an impetus not to alter his monetary policy, Aiyaz Sayed Khaiyum announces the military regime's intention to restructure, privatise and publicly list the Fiji Electricity Authority (FEA) -- the one certainty adding value to our economy.

In sacrificing the FEA to stimulate capital markets the military regime is in lala land and believes that while they "partially" (hyuk, hyuk, hyuk) privatise the entity, they can still maintain control over the monopoly. 

Obviously the regime grapples with grasping what "privatisation" means.

The Government Printery will also be divested to the private sector and Khaiyum is cited as saying that "it will contribute towards the private sector development in Fiji and led to the good economics in the government operations".

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