4 Dec 2010

Cloud over Fiji investment says NZ businessman

9:11 am on 4 December 2010

A New Zealand businessman with investments in Fiji says foreign investors are reluctant to do business there because of political instability brought on by the military coup four years ago.

Owen Glenn has run sea and air freight services in Fiji for more than 25 years and also has resort investments on Malolo Island.

Mr Glenn says a lot of foreign investors have given up on Fiji, cut their losses and left.

"There is a depression in terms of foreign investment and stability for foreign investors," he said

"Because they're used to dealing in countries, most of them, that have good stable governments and follow good law and order practices.

I'm not saying Fiji doesn't, but there is that sort of question mark and risk, how secure are they here?

"And is their money safe here? Can they get their money, any profits they make remitted out?"

PLAY AUDIO: FIJI GLENN TP (0400)

IN

THERE IS A DEPRESSION

OUT

THEY MAKE REMITTED OUT.

DUR

21"

A New Zealand businessman, Owen Glenn.