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
Business
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