Apr 4, 2016

Cyclone Damage Rattles Investors' Confidence

Fiji
by
Monika Singh
,
The Fiji Times
The Aqua satellite captured this picture of Severe Tropical Cyclone Winston at 01:30 UTC on 20 February 2016, during peak intensity and striking Fiji. Winston becomes the strongest storm to make landfall over Fiji in history. Image: NASA
The Aqua satellite captured this picture of Severe Tropical Cyclone Winston at 01:30 UTC on 20 February 2016, during peak intensity and striking Fiji. Winston becomes the strongest storm to make landfall over Fiji in history. Image: NASA

Investor confidence in forestry has been shaken by Severe Tropical Cyclone Winston.This was highlighted to shareholders of Future Forests (Fiji) Ltd (FFF) at their annual general meeting last week. The shareholders were given an update on the damage sustained by the company's plantation and nurseries. Shareholders were told that restructure of the FFF shareholding to attract future investment, ideally a larger investor with funds and vision, was the way forward for the company