Banking woes continue to plague Nauru
Uncertainties force banking downgrade Uncertainties in initial assessments on Nauru Island were behind the Bendigo and Adelaide Bank’s decision not to establish full commercial operations or a community bank as
Business
Chinese yuan, PNG kina open new market of riches
It’s become the Pacific’s 2nd largest donor A new wave of splurge spending by Chinese in the Pacific and Papua New Guinea’s incredible leap into high economic drive with a mid-year opening of LNG
Closing down loopholes, G20 targets tax havens
Cook Islands, Vanuatu under scrutiny Pacific island countries with legitimate tax-haven status like the Cook Islands and Vanuatu risk being isolated and dealt with under new radical plan to force governments and their
BSP posts US$147m profit
‘Bank’s capital base is sound’ Bank South Pacific, the largest bank in Papua New Guinea and the South Pacific has announced more than K400 million (USD147m) in net profit for the 2013 financial year.
Total Oil joins Oil Search for PNG
A new Asia Pacific hub dawns With less than three months of wait left before Papua New Guinea rolls out exports from its US419.12 billion (Kina 52.16 billion) LNG project, Peter O’Neill’s Government has
Cobalt in Cooks awaits exploitation
Could supply 10% of global supply This year could be a defining year for seabed minerals in Cook Islands. There are plans by its government to move a step closer to exploration of its massive cobalt resource, following
Brazil coffee oversupply to hit PNG/Vanuatu
Global production to exceed demand in 2014 As global supply exceeds demand for coffee for a fourth straight year, small world producers like Papua New Guinea and to lesser extent Vanuatu will feel the pinch of exports
