BPNG to continue Kina intervention
The Bank of PNG says to ensure a gradual and stable adjustment of the nominal exchange rate over time, it will continue to intervene to support the crawl-rate and reduce outstanding orders in the foreign exchange
Business
Fiji Airways signs lease agreement for three ATR 72-600s
Nordic Aviation Capital (NAC) has announced the successful execution of a lease agreement for three ATR 72-600 aircraft with Fiji Airways. The aircraft are from NAC’s orderbook with ATR. Fiji Airways, the national
Fiji Cabinet removes duties on EU goods under iEPA
Fiji’s cabinet has approved the implementation of the Interim Economic Partnership Agreement (iEPA) with the European Union (EU) and decided to remove duties on certain goods from EU countries. This move is part of
More gold to be mined, says PM Marape
Papua New Guinea has an estimated 100 million ounces of gold that is yet to be mined, says Prime Minister James Marape. Marape said this when closing the three-day Geoscience, Exploration and Extraction Conference 2024
Mercury spill on Air Niugini aircraft investigated
The PNG Accident Investigation Commission (AIC) is probing a mercury spill from a package aboard an Air Niugini aircraft at the Jackson International Airport in Port Moresby last month. AIC Chief Commissioner Maryanne
Pacific resilience fund needs US$380m in two years’ to reach half-billion goal
Tonga has the backing of Pacific economic ministers to host the regional community resilience financing facility. The Pacific Resilience Facility (PRF) was endorsed by the Pacific Islands Forum (PIF) leaders to
Fiji Airways launches new flights to Dallas
Fiji Airways is spreading its wings to Texas with the launch of flights to Dallas Fort Worth from December 2024. Dallas Fort Worth (also known as DFW) is the headquarters and mega-hub of American Airlines, whose
Women flourish when they have networks of support: US Ambassador to Fiji
Women flourish when they have networks of support, says Marie C. Damour, the United States Ambassador to Fiji, Kiribati, Nauru, Tonga, and Tuvalu. The U.S Embassy, along with its implementing partners, the Women
BSP: Businesses affected by Black Wednesday
The Black Wednesday Riots in Port Moresby earlier this year have significantly affected business and investor confidence. This is according to the BSP’s Pacific Quarterly Economic & Market Pulse for the June
Air Niugini’s Boeing 737 resume flights to Melanesian countries
Air Niugini’s Boeing 737 aircraft will resume flights to Port Vila in Vanuatu from 03 August. Air Niugini’s Acting Chief Executive Officer, Gary Seddon said that this would provide an opportunity to reconnect
Chatham Airlines begins flying in Tonga amid Lulutai’s ongoing flight disruptions
Chatham Airlines begins servicing Tonga’s domestic flight services this week. The announcement comes a month after Kaniva News reported that Lulutai contacted the New Zealand airlines to assist with its