“FOR IMMEDIATE RELEASE”
Rewa Provincial Holdings Company Ltd BOARD OF DIRECTORS 2021-2025
Strategic Planning workshop
Suva, 15 March, 2021
Board members and stakeholders of
the Rewa Provincial Holding Company Limited (RPHCL) successfully completed its
two days strategic planning workshop at the Novotel Lami held over Thursday 11
– Friday 12 March, 2021. .
Speaking at the opening of the
workshop on the topic Opportunities for
Growth for Provincial Companies and Reimaging as a Market Competitor, Mr Isoa
Kaloumaira highlighted that post covid-19, the Company should consider:
(1) Looking inwards by
reviewing its organisation structure, systems and processes and cutting out
excesses in order to maintain a lean organization;
(2)
Building its cash position and maintaining
a strong balance sheet to strengthen its bargaining position; and
(3)
Actively searching for opportunities
that are resilient in the current adverse business environment.
Mr Kaloumaira also challenged the Company to look at ways to
maximize the commercial use of all the Company’s adjacent land where its
current building is located and stressed the importance of ensuring the right
people at Board level.
The workshop was attended by Board members and key shareholders
including the Roko Tui Rewa who had the opportunity to look back at key
accomplishments in the past 3 years of operations then turned their focus to mapping
out a strategic plan for the next three years.
The Directors acknowledged that maintaining a good corporate governance record
is a key component of its operations.
The Board directors are to meet over the next few weeks to discuss
the details of the Plan. The workshop
was closed by The Marama Roko Tui Dreketi, Ro Teimumu Kepa who emphasized that
the company should now build up from its current strong position and requested
that Board members must continue to strive towards better results for the
company for the benefit of the people of Rewa.
The Rewa Provincial Holding Company Limited was established in
1992 as the commercial business arm of the vanua of Rewa and the people of
Rewa. Rewa consists of nine
districts. Property management is the
principal business activity of the company and its main asset is the ten storey
Ro Lalabalavu House on Victoria Parade currently leased to the Government of
Fiji.
ENDS.
For further enquiries, please contact:
The Chief Executive Officer
Rewa Provincial Holdings Company Limited
Email: baro.saumaki@rphcl.com.fj
Mobile phone: 948 4265