Pacific Islands Economic Outlook 2023
After two long years of COVID-19 and the tourniquet it applied to the lifeblood of Pacific economies— connectivity and tourism — what can our region expect in 2023? The United Nations predicts the global economy
Business
Whipps responds to concerns over Chinese interests
Palau’s President Surangel Whipps Jr has responded to an investigative report that has revealed activity in Palau by “organised criminals with links to the Chinese Communist Party”, by stating that there is
Superfunds to host investment forum in PNG
Nasfund and Nambawan Super will be co-hosting the Pacific Island Investment Forum on behalf of the PNG Superannuation Industry in Port Moresby from 27-31 March, 2023. The Pacific Islands Investment Forum (PIIF) is an
Cook Islands tourists stranded as backlog of flights continues
A backlog of flights is likely to remain for at least another week in Rarotonga, as the Auckland floods disrupt travel plans for thousands of visitors, with some people having to rebook for the end of the week. Cook
Fiji’s economic growth steady
Fiji’s economic recovery continues despite projections from the International Monetary Fund that 2023 will be a tough year. Governor and Chairman of the Reserve Bank of Fiji Board, Ariff Ali, stated that the growth is
Genia is Bank of PNG’s new acting governor
The Government of PNG has appointed Elizabeth Genia as new acting Governor for the Bank of Papua New Guinea. Treasurer Ian Ling-Stuckey said Genia has nearly four decades of experience working in PNG’s Central Bank
Cabinet approves establishment of Samoa Export Authority
Samoa’s Cabinet has approved the establishment of the Samoa Export Authority (SEA). This was confirmed by the Deputy Prime Minister Tuala Tevaga Iosefo Ponifasio. He said export development was one of the
PNG MP lauds Australia commitment
Minister for International Trade and Investment, Richard Maru has welcomed the Australian Government’s commitment to work with Papua New Guinea on the development of Special Economic Zones (SEZs). Maru in his meeting
Cook Islands tourism industry faces spectre of fewer visitors
Cook Islands Tourism operators are preparing for a quiet few months, as visitor numbers drop as predicted. In November there were 10,278 visitors to the Cook Islands, a drop of about 24 per cent compared to October
Palau businesses likely to participate in military tourism
For the first time, the U.S. MWR (Military Morale Welfare & Recreational Centre) has reached out to Palau businesses to discuss opportunities to participate in military tourism. The Joint Region Marianas Warfighter
Samoa in cartel competition discussions
Samoan competition law enforcement officials will be among others from across the Pacific in Auckland with support from the Pacific Private Sector Development Initiative (PSDI) for a roundtable discussion ahead of the
