Our link to the world
THE region’s communications needs continue to grow as technological advances make contact so much easier across the globe. In the Pacific, however, cost has always been an inhibitor. But a new cable link will make
Business
Cash crash
Banks put stop to money transfers AS governments begin to squeeze out the financial supporters of global terrorism and put pressure on drug traffickers, the innocent have been caught in the crossfire. Millions of people
Digicel acquires Sky Pacific – with restrictions
TELECOMMUNICATIONS giant Digicel has acquired ownership and direct control of the region’s largest satellite-based television network, Sky Pacific. Formal acquisition, from 1st April 2016, came six months after
Road to recovery: Fiji growth forecast in the wake of Winston
THE Reserve Bank of Fiji (RBF) expects economic growth for the rest of this year to be driven by significant post-Cyclone Winston reconstruction work and continuing strong activity in the retail and tourism sectors. It
Bank weighs in on PNG economy concerns
THE economy continues to be a worry for Papua New Guinea. Despite reassurances from the government and positive projections by the International Monetary Fund (IMF), severe revenue shortfalls and expending budget
Doubts over PACER Plus
Trade adviser defends agreement “THERE is no reason to doubt the sincerity of Australia and New Zealand in relation to the commitments they have undertaken” PACER Plus, when it comes into force, does not
Reviving the coffee industry on Tanna Island
Coffee is one of the main sources of livelihood for the people of Tanna Island. Home to one of the Pacific’s few active volcanoes, Yasur, its rich soils, abundant sunshine and rainfall, makes Tanna one of the best
MINING High risk, controversial business
On Viti Levu, the areas marked with shaded red are all prospective mining areas where 55 companies are currently carrying out works to see what minerals or metals can be found. The major player in the Namosi area is
SAVING SUGAR
Action for change WHEN the Fijian Prime Minister recently stood up at the recent International Sugar Organisations meeting in London and declared “we do not intend to give up on sugar cane in Fiji,” he was
CYBER FRAUD A crime without borders
FIJI, as one of the South Pacific’s most developed economies, is fast becoming a prime target for “cyber thieves” across the Globe. According to the Fiji Intelligence Unit (FIU), in just two years,
Corrupted trade routes in the Pacific
Papua New Guinea, Vanuatu, Solomons and Samoa top global trade estimates for illicit financial flows THREE of the world’s top ten most corrupted trade routes involve Pacific Islands countries. In the Pacific,
Pacific countries lose US $12.1billion in illicit financial flows
EIGHT Pacific countries suffered losses of US$12.1 billion over 10 years in what global finance reformers describe as “illicit financial flows.” Papua New Guinea ($4.3b) and Fiji ($2.7b) recorded the most
Tough times for nickel
ON the London Metals Exchange, the price of nickel has been on a rollercoaster. With slowing demand from China, the LME price has nearly halved since 2011. This poses major challenges for New Caledonia, which holds more
PACER Plus nears completion.
GIVEN that world trade in 2013-2014 amounted to US$18 trillion, increasing the Pacific’s share by a mere 0.1 represents at least $18 billion worth of additional trade between Pacific Island Countries and other
Internet revolution on the wing
TELECOMMUNICATIONS and Internet revolution in Palau hinges on funding opportunities and political backing. Palau, with the Federated States of Micronesia earlier has formed a Micro-Pal Fiber Optic Joint Committee last
$ lure at tuna talks
THE biggest tuna industry gathering in the Western and Central Pacific region, the prestigious Pacific Tuna Forum is on again, set to hold its 5th gathering at the luxurious Sofitel Resort, Denarau, Nadi, Fiji, from
NO to Pacific-US trade pact
PNG accuses Forum of ‘misleading’ island nations HOPES for a free trade agreement between the islands of the Pacific and the United States were not enthusiastically embraced by senior officials of the
CFL: A Pacific ‘homegrown’ media success story
ON July 5, 2015, Fiji and the Pacific’s largest commercial radio broadcast company, Communications Fiji Limited (CFL), achieved a milestone, marking 30 years of “homegrown” success. The company has
Cruise options bring hope
Bougainville looks beyond mining to tourism WITH increasing pressure from local landowners on environmental issues, Bougainville is looking for options which will allow conservation of its natural resources. Until the
Nauru becomes Pacific Central
Airline gateway to the Northern atolls THE high cost of travel to the Northern Pacific has been a major impediment to the development of a real tourism market in the area despite the huge potential for diving and
Troubled Momi project springs back to life
Fletcher to built Marriott resort The troubled Momi Bay Resort Development Project is making a comeback seven years after it fell apart due to financial turmoil which landed the Fiji National Provident Fund in hot
More US immigration woes for the Northern Marianas
Russians, Chinese target visa loop-holes the Commonwealth of the Northern Mariana Islands has received a five-year extension of a critical programme allowing it continued access to some 10,000 foreign workers up to 2019
Malaysians take over PNG palm oil giant
Pacific plantation yields record surge London Stock Exchange listed company and Papua New Guinea’s largest agribusiness, New Britain Palm Oil Limited (NPOL) will have a new owner. After two months of intense