___________ 2014 July | islandsbusiness.com
Jul 20, 2018 Last Updated 6:35 AM, Jul 20, 2018

2014 July (27)

Russians, Chinese target visa loop-holes the Commonwealth of the Northern Mariana Islands has received a five-year extension of a critical programme allowing it continued access to some 10,000 foreign workers up to 2019 for its recovering economy. But it still faces other key immigration issues, most of which are waiting United States Congress actions. Among these issues is the CNMI’s…
Melanesian leaders failed to attend the 2nd Pacific Islands Development Forum on the Fijian resort island of Denarau last month. Conspicuous in their absence were Papua New Guinea Prime Minister Peter O’Neill and his Solomon Islands and Vanuatu counterparts Gordon Darcy Lilo and Joe Natuman. In fact the only Melanesia leader present was the host, Fiji’s interim Prime Minister Rear…

Whispers

More trouble for the multi-million dollar tuna industrial zone in Madang Province, on the northern shores of Papua New Guinea. Work on the proposed Kina 212 million (AU$90m) project has been put on hold because China’s Export-Import Bank has put a freeze on its K190 million (AU$80m) loan. The bank says that the loan freeze has been triggered by a…
Papua New Guinea’s economy continued to grow for the 13th consecutive year in 2013 and inflation remained below forecasts. On account of low international commodity prices and high demand for imported goods and services, the kina depreciated against the major currencies to the benefit of PNG farmers and exporters, though it has put pressure on domestic prices and prompted the…
Fiji’s Pacific Fishing Company – operator of the country’s main tuna cannery – believes it won’t be affected by Bumble Bee’s interest in expanding its tuna loin business to Samoa. Former chairman of PAFCO Iqbal Janiff told Islands Business magazine that the Fiji cannery deals with cooked tuna loins for exports to Bumble Bee in the United States. Its interest…

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