Oil Search rejects Santos bid

Oil Search rejected an unsolicited scrip-based takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at AUD$8.8 billion (US$6.5 billion), the two companies said on Tuesday.

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No progress on Fiji bubble until COVID is controlled: Australia

Australia’s Minister for International Development and the Pacific says Australia will want to see COVID cases under control in Fiji before any commitment can be made on a travel bubble. When Fiji’s Minister for

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First delivery of COVID-19 vaccines to Tokelau complete

Tokelau has received its first batch of COVID-19 vaccines, with a 5000 nautical mile trip to transport Pfizer vaccines now complete. HMNZS Wellington has successfully delivered the vaccine consignment to the Fakaofo,

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Telstra in talks to buy Digicel Pacific with Australian government support

Telstra Corp Ltd (TLS.AX) says it was in discussions to buy the Pacific operations of telecom company Digicel Group, with the support of the Australian government, which will likely fund the majority of the deal amount.

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Fiji’s Vuniwaqa vies for top UN Women job

Fiji’s Minister for Women, Children and Poverty Alleviation, Mereseini Vuniwaqa has applied to be the new executive director of UN Women, the United Nations agency dedicated to gender equality and the empowerment of

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Fiji, the World Bank and debt

When Fiji’s Minister for Economy delivers his budget address this evening many eyes will be on figures around the country’s debt-to GDP ratios. This week, Pacific Islands Forum Economic Ministers were preoccupied

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COVID-19 Delta variant reported in PNG

A single positive COVID-19 case with the Delta mutation has been detected in Papua New Guinea. Deputy Controller of the PNG COVID-19 National Pandemic Response Dr Daoni Esorom confirmed a 65-year-old Philippine national

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Fiji COVID cases hit 1200 in a day

As Fiji’s daily COVID-19 cases hit 1,200 in a 24 hour period, Fiji’s top health official is looking to bring in more retired health workers, recent graduates and civil servants to help boost medical and health

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Economist says Guam’s economic future remains unpredictable

Guam’s post-lockdown economic activity may have returned to “some semblance of normalcy or some notion of what it was before,” but unpredictable variables are clouding the long-term outlook for the island, Bank of

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Still no news on the appointment of Niue Premier as USP Chancellor

Niue is preparing for the graduation of a large cohort of University of the South Pacific students in October this year. The call for applications to graduate is now open until the end of the month says USP Niue

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BSP and FASU clash over alleged money laundering warning

The Bank South Pacific Financial Group Ltd (BSP) has always complied with its anti-money laundering and counter-terrorist financing (CTF) obligations in Papua New Guinea, says chairman Sir Kostas Constantinou. He made

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The crisis of governance in PNG’s power sector

The recent spate of power outages (70 in a week according to the Post Courier), and the sudden resignation of yet another PNG Power Chief Executive Officer after only nine months in the job have brought into stark

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