STATEMENT ON THE sri lanka attacks

MONDAY 22ND APRIL 2019

The National Federation Party is deeply shocked and saddened by the deaths of Christian worshippers in Sri Lankan Churches and guests at 3 hotels in the massacre carried out on Easter Sunday. 

We feel the pain and suffering of those who lost their loved ones or were injured in this barbaric act of terror. Their loss is immeasurable and irreplaceable. 

We believe this is 3rd most serious terror attack after 9/11 in September 2001 in terms of loss of life. 

Like the recent incident in Christchurch New Zealand, the worshippers were praying and marking the resurrection of Jesus Christ. 

To be so mercilessly killed by an act of terror on a day that that is synonymous with triumph of truth over violence and terror is incomprehensible. 

This act has shattered the peace of Sri Lanka, which itself almost 10 years ago, came out of an war of many years that was laced with ethnic violence. 

Fiji has had close ties with Sri Lanka for many decades. Our judiciary and magistracy have many Sri Lankan nationals serving as judges and magistrates and they are also synonymous with the corporate and private sectors. 

We convey our heartfelt condolences to the affected families and hope and pray the families of the victims find comfort and solace in their hour of grief. 

Professor Biman Prasad

NFP Leader

A fearful government

APRIL 17TH 2019

The frightened and paranoid government of Fiji is now threatening school teachers who might take part in a protest action for better working conditions – even in the school holidays. 

The 12 April 2019 internal memorandum from the Permanent Secretary of Education is an unbelievable document. 

First, she claims that a proposed Fiji Trades Union Congress protest action would be “in contravention of the laws of Fiji”. This is ridiculous. Protest actions can take many forms and many of them are clearly within the laws.

Then she claims that any “incitement or encouragement” of others to take part in protest action would be unlawful.  This is as nonsensical as the statement above. 

On 3 May teachers will be on holiday. The Ministry has no right to tell them where they should be. But the Ministry seems very anxious to tell them where they should not be!

This is a  government that is clearly trying to instil a culture of fear and suppression to mask its own fear of being exposed as a dictatorial administration cloaked in its version of pseudo-democracy.

The Government is afraid that worker protests will unmask its pretence, during the big Asian Development Bank conference it is hosting in the first week of May, that Fiji is a united country with a population that supports the government.

The trade union movement and its leadership should get more emboldened and fight such threats being dished out by a stuttering administration trying to divert attention from the fundamental ills plaguing the nation.

They can run from the people for a little while. But they cannot hide.

Authorised by

Hon. Prof. Biman Prasad

Leader – National Federation Party

RBF Governor shouldn’t mislead the nation

APRIL 16TH 2019

The National Federation Party says the Governor of the Reserve Bank of Fiji must realise that the Fiji First government’s reckless and unsustainable spending is ruining real economic growth as evidenced by several factors instead of politicising the issue.

NFP Leader Professor Biman Prasad says recent remarks made by the Governor of the Reserve Bank of Fiji in defence of liquidity levels and economic growth are misleading and far from the reality. 

“The RBF Governor is reported to have told both an economics workshop at University of the South Pacific last Friday and the Fiji Chamber of Commerce economic summit on Monday that there was no liquidity crisis”.

“The Governor said RBF had the authority to reduce its statutory deposits to zero (0) percent to allow liquidity to jump from the current level of $347 million to $1 billion if the need arises”.

“This is a highly irresponsible and illogical statement, similar to the Governor’s earlier statement of last month that there was enough money on RBF vaults to last for 5 years”.

“The Governor’s loose political talk is camouflaging the reality. He knows that his statements in defence of liquidity and the economy are illusory”.

“And he knows that the truth is that commercial banks are offering interest rates of as high as 6% to attract term deposits to boost liquidity levels. He also knows that because of this reason, commercial banks have increased lending rates”.

“The RBF Governor knows that it is impractical to reduce the requirement for statutory deposits to zero percent. It is a ridiculous proposition. Any financial institution, most importantly commercial banks are statutorily required to maintain a certain level of deposits”.

 “The Reserve Bank of Fiji’s Economic Review for February 2019 paints a bleak picture of lack of growth in key economic sectors. Therefore, instead of realistic growth, the economy is consumption-driven and not leading to sustained and real growth”.

“The RBF Governor must know that he has  put himself under the spotlight for being economical with the truth. Despite saying key economic sectors that generate real growth have declined, both the RBF  and Government continue  to forecast positive economic outlook”.

 “This raises questions yet again about RBF’s independence and impartiality”.

“The RBF Governor is obviously parroting a political view despite the harsh reality staring directly at us”.

“The RBF Governor should maintain neutrality and independence of his office and refrain from parroting government’s political position on the state of our economy.  Right now, we seem to be going  through a crisis of confidence in the country”.

“What we need is more confidence building measures in all sectors of our economy  and this can only be done by a properly constituted economic summit to address some of the fundamental concerns that the business community and indeed the general population has”. 

Authorised by

Hon. Prof. Biman Prasad

Leader – National Federation Party