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‘There’s no other way’ – FSC seeks $500m Government bailout to stay afloat
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‘There’s no other way’ – FSC seeks $500m Government bailout to stay afloat
THE Fiji Sugar Corporation has made a desperate plea to the Coalition Government for a $500million bail out. Addressing Prime Minister Sitiveni Rabuka and Sugar Industry stakeholders in Lautoka yesterday, FSC Board chairman Nitya Reddy said the corporation was in need of a major financial boost to get itself out of the dire situation it was currently in. “Our liabilities including the long-term loans that we had secured from local and overseas b…
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