Business Profile: Pivoting Post Fiji
What do you do when the global pandemic shuts borders and cuts international mail services; services that were previously your bread and butter? If you are Post Fiji, you diversify your offerings and look to digital
Oil Search and Santos merger reflects funding worries for new projects
The proposed merger of oil and gas companies Oil Search and Santos could put downward rating pressure on Santos, according to S&P Global Ratings, while other analysts predict more global mergers and acquisitions in
Business briefs: Digicel Pacific “an attractive asset”
The CEO of Australian telco Telstra says Digicel Pacific is an attractive asset. Andy Penn has told the Australian Financial Review that talks continue on potentially acquiring Digicel Pacific. “We would only do it
A slower recovery: Findings from the 15th Pacific Business Monitor
Just 8% of Pacific Islands businesses expect to return to pre-COVID revenue this year, with 55% expecting this recovery next year or even later according to the latest Pacific Trade Invest Pacific Business Monitor
Fiji real estate: A Buyer’s market
The pandemic has flattened Fiji’s real estate industry, with the Reserve Bank reporting that commercial bank lending to real estate had plummeted 31.3% (or F$24million) for the year ending March 2021. Similarly,
Fiji real estate: A buyer’s market
By Samantha Magick The pandemic has flattened Fiji’s real estate industry, with the Reserve Bank reporting that commercial bank lending to real estate had plummeted 31.3% (or F$24million) for the year ending March
Being a consultant in the Pacific
By Ken Katafono We are going through extraordinary times. It hasn’t been lost on me that we’ve been fortunate during this time to continue to work and have a demand for our skills and experience. So, I thought I’d
Oil Search rejects Santos bid
Oil Search rejected an unsolicited scrip-based takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at AUD$8.8 billion (US$6.5 billion), the two companies said on Tuesday.
Telstra in talks to buy Digicel Pacific with Australian government support
Telstra Corp Ltd (TLS.AX) says it was in discussions to buy the Pacific operations of telecom company Digicel Group, with the support of the Australian government, which will likely fund the majority of the deal amount.
BSP and FASU clash over alleged money laundering warning
The Bank South Pacific Financial Group Ltd (BSP) has always complied with its anti-money laundering and counter-terrorist financing (CTF) obligations in Papua New Guinea, says chairman Sir Kostas Constantinou. He made
BSP considers legal options over alleged money laundering warning
Bank South Pacific says it is considering its legal options after the Bank of Papua New Guinea formally cautioned it over what the central bank believes is “contrary conduct under the anti money laundering/counter