BSP pays K190million extra tax
The Bank South Pacific Financial Group Limited (BSP) has declared a substantially lower net profit of K69 million (US$19 million) from K259 million (US$73 million) due to a controversial levy imposed by the Government.
BSP pays K190million extra tax
The Bank South Pacific Financial Group Limited (BSP) has declared a substantially lower net profit of K69 million (US$19 million) from K259 million (US$73 million) due to a controversial levy imposed by the Government.
Skyrocketing prices hit Marshall Islands
Marshall Islands fuel prices hit the US$7.00 per gallon milestone this past week, adding an exclamation point to the prices for imported goods that have skyrocketed since last year. Food, vehicle fuel, transportation
ATH launches new PNG broadband telecommunications network
Vodafone PNG is now live following the rollout of its 4G+ mobile broadband network. Fiji’s Amalgamated Telecom Holdings Limited (ATH) and Vodafone Fiji were the primary investors in the new network construction
PNG’s Wafi-Golpu project talks stall
PNG's Wafi-Golpu project has been stalled over the remaining major issue of the mine waste disposal
Digicel considering legal options after Papua New Guinea tax
Digicel is considering an appeal against a “sudden, bizarre and unprecedented” new tax announced by the Papua New Guinea
Regional e-commerce negotiators training begins
Pacific officials have started a four-week training course to help them engage with negotiations and implementation of e-commerce rules. Currently, many Pacific countries require support to negotiate and implement rules
Fijian businesses sought for U.S. investment Summit
The United States embassy in Suva is recruiting companies to join a Fijian business delegation to the 2022 SelectUSA Investment Summit in June in the Washington, D.C. area. The Investment Summit promotes
Wrong call on PNG tax for goods and services
Papua New Guinea businesses were taken off guard last week following Government’s announcement on the 10% removal of Good and Services Tax on selected basic goods in the country by April. PNG Manufacturer Council CEO
PNG Company tax approved
The contentious PNG company tax or ‘super tax’ on the country’s big players in the banking and telecommunication sectors finally got the green light from Parliament Wednesday, now making it a law. While the tax
Changes proposed to PNG super tax
Papua New Guinea's Parliament may consider some changes to the market concentration levy, or so-called 'super tax' this
Moana Minerals secures Cook Islands exploration licence
Moana Minerals Limited has been awarded an exploration licence by the Cook Islands Seabed Minerals Authority. The exploration license grants Moana with exclusive rights for a period of five years to explore for cobalt-
Fiji cops $500m a year or 5% of GDP from flood and cyclones but Climate Change Act will shock Fiji’s financial system, says RBF
Tropical cyclones and flooding may be costing Fiji $500m (US$250 million) a year but the country’s climate action commitments under its new Climate Change Act, 2021 will expose its financial system to