PNG remain neutral with issues in the APEC region: Marape
Papua New Guineans will not be caught up in the fight between the Eastern and Western countries but will maintain its stand on being friends to all and enemy to none. Prime Minister, James Marape made this known when
Supply chain chaos and cooperation
Pacific Islands Forum Economic Ministers and officials have been advised to consider reviewing export taxes and tax credits to stimulate trade in the region. A review commissioned by the Forum says all sectors,
Kina Bank PNG announced a K45.6 million profit
Papua New Guinea’s Kina Bank has announced a K45.6 million (US$12.9 million) net profit after tax, as of August 29, 2022. The Board said that this is an increase of 15%, compared to the prior corresponding period
The Pacific e-commerce portal: Getting Pacific businesses online
A new Pacific e-commerce portal has been launched to help businesses transition from purely physical operation to online trading. The portal was launched by the Pacific Islands Forum yesterday, and includes
More Pacific collaboration to address tax challenges: PITAA
Gender inclusion, climate change and little capacity to digitalise processes are some emerging tax challenges faced in the Asia-Pacific region, heads of tax administrations have heard. Delegates to the Pacific Islands
ANZ expects Fiji’s “high” liquidity to ease from next year
Liquidity in Fiji’s banking system shattered the F$2.5 billion mark at the end of July, notching another historic high and maintaining a trend that began in January this year. And the word from a major bank
Ocean Link upgrades 4G networks in Kiribati
A mobile phone company, Ocean Link Limited (OLL) has started a major mobile network 4G upgrade and coverage improvement on South Tarawa. A statement from Ocean-Link said the mobile network 4G upgrade started early this
Humboldt cable to connect Oceania to Latin America
Desarrollo País and H2 Cable has announced they have issued a request for proposals to begin construction of the estimated 15,000 km Humboldt Cable, the first to connect Latin America, the Asia Pacific and
Fiji software firm earns US$50k for fintech devt
Fiji software services provider IT Galax was one of five winning fintech companies in a competition to improve fintech infrastructure in the Pacific Islands, in Singapore last week. The Pacific Islands Fintech
VNPF receives VT15M in dividend from Unit Trust of Fiji
The Vanuatu National Provident Fund (VNPF) has received around VT15 million(US$127,299) in dividend from the Unit Trust of Fiji (UTOF) Tuesday. Chief Executive Officer (CEO) of UTOF, Vilash Chand, presented the cheque
Palau’s new tax law to cause ‘substantial impact’: Kyota
The Palau Public Utilities Corporation (PPUC) has expressed concerns on the country’s new tax law on goods and services. PPUC says the Palau Goods and Services Tax (PGST), going into effect on January 1, 2023,
