FSC cash status direElenoa Baselala
Saturday, June 12, 2010
THE Reserve Bank, which loaned $20million to the Fiji Sugar Corporation in the past 12 months, says the company's financial situation is "dire".Bank governor Sada Reddy said "FSC's financial problems have to be quickly fixed".
AND MR. REDDY YOU KNOW VERY WELL HOW THIS PROBLEM IS GOING TO BE FIXED. ONLY ONE WAY. TELL YOUR DICTATOR BOSS VOREQE TO GIVE UP ALREADY. NOW YOU KNOW HOW YOUR QUALIFICATIONS AND SO-CALLED 'GOODWILL' IS NEVER GOING TO FIX THE SUGAR PROBLEMS.
"Factory problems must be fixed as soon as possible," he said.
"The mill upgrade program under way for the past few years has not delivered to expectations and resulted in huge losses to the millers, farmers and the country as a whole.
"The FSC had to go into huge debt because of the mill upgrade program, the substandard work done by the contractors resulted in huge losses last year.
"It was a disaster to say the least."
ALL THESE DISASTERS WILL AT LEAST BE ALLEVIATED TO MANAGEABLE PROPORTIONS IF YOUR DICTATOR BOSS, VOREQE GIVES UP THE HOLIER-THAN-THOU APPROACH AND GO BACK TO HIS DAY JOB. SIMPLE. VOREQE TO LOOSE HIS IGNORANT, ARROGANT AND STUPID HAT AND JUST WEAR HIS NAVY HAT. OR GO BACK AND HELP THE KITCHEN STAFF AT NABORO. THAT IS WHERE HE IS HEADING ANYWAYS. THE EU ASSISTANCE IS THERE, READY (OR REDDY) AND WAITING TO BE GIVEN THE VERY MINUTE VOREQE GIVES UP THE HELM TO REAL LEADERS.
However, the board and management of the FSC are now confident that this year's crushing season should go well."
IS THE FSC BOARD AND MANAGEMENT HALLUCINATING OR WHAT?
Mr Reddy said the sugar industry's contribution to real GDP had decreased over the year to the current rate of 3 per cent, compared to the 11-12 per cent recorded 10 to 15 years ago.
Last year's sugar output was the lowest in 39 years and largely due to the inefficiency of the mills which affected sugar production.
MR. REDDY STOP THE LIES OF YOUR DICTATOR BOSS RUBBING OFF ON YOU. THE INEFFICIENCY OF THE MILLS IS BECAUSE THERE ARE NO FUNDS TO ASSIST IN THEIR REPAIRS. AND WHY IS THAT? AGAIN, SIMPLE. BECAUSE OF VOREQE'S STUPIDITY AND ARROGANCE.
Mr Reddy said the industry faced many challenges which need to be addressed urgently.