Saipan casino buried in $165m debt but hoping to regroup and resume business
Succumbing to the pressures from its creditors, Imperial Pacific International has filed for Chapter 11 bankruptcy in the U.S District Court for the CNMI, reporting debts totaling of US$165.8 million. Before the
Scammers use fake Cook Islands resort to lure overseas job seekers
International scammers have created a fake Cook Islands resort to lure people looking for jobs in the tourism industry. They deceive victims into paying an upfront fee of at least $280 (US$165.90). Cook Islands News
Government insists on value of crypto bill despite criticism
The Office of the Prime Minister (OPM) in Cook Islands has hit back at the critics of the draft Tainted Cryptocurrency Recovery Bill 2023, saying the media did not highlight positive aspects of the Bill. The Bill,
State company exports first LNG shipment
An historical moment, state-owned Petroleum company exports its first LNG shipment, bound for China. KPHL Managing Director Wapu Sonk said this is the access volume from its shareholding in the PNG LNG Project.
Air Niugini to suspend weekly Palau flights
Air Niugini has advised customers that the airline’s weekly services from Brisbane to Palau via Port Moresby will be suspended, effective 01 May 2024. This service commenced in February 2023 supported by the
BPNG survey confirms decline in business confidence
A survey conducted by the Bank of Papua New Guinea (BPNG) indicates a decline in business confidence in the country. Bank of PNG Governor Elizabeth Genia revealed this recently when presenting the March 2024 BPNG
Fiji Business Briefs: RBF on Fiji’s outlook, Aviation school to expand
RBF says inflation, job vacancies up The Reserve Bank of Fiji says indications are Fiji’s economy will grow in 2024. In a recent statement, RBF Governor, Ariff Ali said while consumption spending was positive—due to
Puma stops fuel supply in PNG, PM searches Australia for fuel
Puma stops fuel supply in PNG PNG’s fuel dilemma is far from over. Service stations are shutting down while Jet A1 that keeps planes flying might finish today, says the country’s major fuel supplier Puma Energy
Continue aviation fuel supply, PNG court tells fuel supplier Puma Energy
Papua New Guinea National Court has ordered Puma Energy to continue supplying aviation fuel to Air Niugini until 27 February as per their agreement, describing the fuel supply issue as of national importance. Judge
Fiji tourism industry celebrates leaders and innovators at annual awards
The Sheraton Fiji Golf Resort and Spa sparkled with glamour and excitement as the venue of the 2023 ANZ Fiji Excellence in Tourism Awards on Saturday night. The event, attended by 700 tourism operators and
Puma scales down operations, a fuel crisis is imminent in PNG
A fuel crisis is imminent with fuel and liquid gas supplier Puma Energy reducing its Papua New Guinea operation. Effective last Thursday, Puma Energy started to issue termination of contract notices to customers. Early
