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
500 Fijian families to sign up for parametric insurance cover
500 families in two maritime islands in Fiji will this month join the latest parametric insurance product trial, launched in October by Tower Insurance, the third local insurance provider to offer parametric insurance
The Pandemic, War and the Effect on Island Travel
It’s an early Tuesday morning in the seaside town of Levuka. A fish salesman is busy opening his doors to suppliers as they bring in their catch after the night’s fishing. A shop owner scurries around preparing to
Fiji Kava prepares to rebrand as The Calmer Co
Fiji Kava will rebrand as The Calmer Co and complete its acquisition of ready-to-drink kava brand Leilo after spending the September quarter preparing for the strategic milestones, reports The Market Herald. The renamed
Fisheries businesses off to Mauritius
Seven members of the business community across the region have been selected for a business peer-to-peer exchange programme in Mauritius this month. Pacific Islands Forum Director of Programmes & Initiatives, Zarak
FijiKava eyes U.S. expansion after acquiring Leilo
FijiKava has executed an agreement to acquire ready-to-drink kava brand Leilo in the United States. The company will acquire 100 percent of Leilo stock in a share swap transaction, which will give it access to Leilo’s
PNG leaders to declare business transactions
Papua New Guinea Ombudsman Commission (OC) has reviewed its annual statement forms, meaning that a total of 452 leaders will now have to declare all their business transactions. PNG Chief Ombudsman Richard Pagen
Samoan tuna company working to reestablish exports post-COVID
Apia Export Fish Packers, a Samoa-based tuna fishing company that employs only local residents, is working to get back in the export game post-COVID. Apia Export Fish Packers Co-Owner Steve Cleverly told SeafoodSource
Solomon Islands tuna production rises despite COVID
Tuna production in the Solomon Islands increased this year despite a significantly smaller fish catch. The latest Central Bank of Solomon Islands (CBSI) quarterly report shows that the total catch dropped by 22% due to
Fiji Tourism looks north
As Fiji reopens to the world, Tourism Fiji’s top priority is securing new markets. “We were very serious about what we were doing over there,” says Tourism Fiji CEO Brent Hill about Fiji Airways’ recent
Economic diversification is key for Fiji
Fiji’s recovery is good; however it needs to diversify its economy said Dr Kishti Sen, ANZ Pacific Economist, during his visit to Fiji last week. “Our expectations towards the end of last year was that the tourism
