Fiji Business Briefs: McDonald’s expansion, hotel room demand, reporting season

McDonald’s Fiji expands back-end operations Vuvale Restaurants (Fiji) Ltd, the parent company of McDonald’s Fiji, has announced a $25 million investment of a new retail and supermarket complex

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PNG Census to begin in June: PM Marape

A nationwide census with the slogan “Be Counted” will begin in June, says Papua New Guinea Prime Minister James Marape. With the country approaching its 50th Independence anniversary next year, the Government plans

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Nine percent interest for PNG National Superannuation Fund members

Papua New Guinea’s National Superannuation Fund (Nasfund) Trustee Board has approved a nine percent increase on members crediting rate for the financial year of 2023. This will result in a distribution of more

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Fiji Business Briefs: Energy price hike rejected, SPX results, BSP Life payout

FCCC rejects energy price hike The Fijian Competition & Consumer Commission (FCCC) has rejected Energy Fiji Limited’s (EFL) bid to increase electricity prices. EFL wanted the adoption of both fixed and variable

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RMI President questions US commitment on COFA funding

Republic of Marshall Islands President, Hilda Heine, has questioned whether the Marshalls have reached a crossroads in its relationship with the United States. As Marshallese gathered to commemorate Nuclear Victims

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Prioritise cyber risk management: ANZ

A cybersecurity expert with the ANZ bank says many organisations fail to keep their systems up to date, and as a result, they expose themselves and their customers to cyberattacks. Eli Hirschauge, ANZ’s Head of

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PNG fuel supplier Puma granted relief from court order

Puma Energy would now be able to make its own decision on fuel supply to the national airliner, Air Niugini. This follows a National Court order by Justice John Carey at the Waigani National Court Tuesday which releases

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Pacific Islands nations should consider debt-for-nature deals to lower borrowing costs, IMF says

Pacific Islands nations most at risk from rising seas should consider novel debt-for-nature deals as high debt levels across the region make traditional loans unsustainable, a senior International Monetary Fund official

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Puma stops fuel supply in PNG, PM searches Australia for fuel

Puma stops fuel supply in PNG PNG’s fuel dilemma is far from over.  Service stations are shutting down while Jet A1 that keeps planes flying might finish today, says the country’s major fuel supplier Puma Energy

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FSM launches first Citizens Budget

A first-of-its-kind Citizens Budget has been launched in the Federated States of Micronesia (FSM). FSM’s Department of Finance and Administration (DOFA) in a statement today said the National Government Fiscal

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Nauru Airlines upgrades its fleet

Nauru Airlines has upgraded its fleet with a new 189-seat passenger aircraft. The blessing of the aircraft took place last week at the airline’s hangar in Brisbane, conducted by Rev David Deluckner, who is also a

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ANZ anticipates Fiji population growth as overseas migration slows

Fiji is poised to witness an increase in labour force expansion and economic activity, starting in 2025, due to changes in trends in international migration, says the ANZ Bank. A new report from ANZ Research projects a

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