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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Fiji marks first Corporate Bond Offer under new regulations

Fijian Holdings Limited (FHL) last week opened a Wholesale Corporate Bond offer of F$30 million, stating it marks a major step forward in efforts to diversify the nation’s financial market. It is the first bond offer

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