Fiji's Momi Bay resort auction fails to finalise buyer

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Updated August 27, 2009 07:52:46

The partially built Momi Bay resort was passed in at auction this week.The highest bid, in excess of $F40 million wasn't high enough for the Fiji Provident Fund. Reports suggest this week that at least one other resort in Fiji is facing financial difficulty.

Presenter: Geraldine Coutts
Speaker: Professor Biman Prasad, Professor of Economics and Dean, Faculty of Business and Economics, University of the South Pacific

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