3 Feb 2005

Fiji government rejects investment report as speculation

4:21 pm on 3 February 2005

Fiji's Information minister Ahmed Ali has criticised a report by Fiji-based investment company Kontiki Capital which advises investors on the political climate in Fiji ahead of next year's election.

A section of the report, intended for foreign investors in the Kontiki Fund, provides advice on the positives and negatives of the possible return to government of the Mahendra Chaudhry-led Labour Party.

The report says the SDL government could lose power to a resurgent Labour Party.

It also says there is concern that extremist nationalists will cause unrest if an Indo-Fijian becomes prime minister.

Dr Ali says the report is a series of biased and unsubstantiated speculations, and ignores the strong record the current government has in restoring social and economic stability.

"I mean, the way they talk about Fijian feudal system, I mean, that's really ridiculous , it reflects a lack of understanding about indigenous Fijian society. They go on to say Fiji is likely to have a new president by the next election - that's insensitive, they're virtually trying to do away with the present President - a very likable man."

Ahmed Ali