Liquidators say a ‘clearly’ broke Air Vanuatu owes at least $99m

Air Vanuatu administrators say the airline was “clearly not in a position to meet its financial commitments” well before it collapsed earlier this month, and is more than $99 million (US$66 million) short of being

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Vanuatu PM discloses $2 billion fund diversion, Airline crisis unveiled

Vanuatu Prime Minister Charlot Salwai has revealed that the Vanuatu Government’s VT2 billion (US$8.3 million) budget allocated for a new plane was instead used to pay for the lease of the ATR72 aircraft. 

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Opinion: 2024 Australian aid spending and effectiveness update

Australian Foreign aid was increased by 4% over what had been projected last year to bring the 2024-25 aid budget to $4.961 billion, virtually unchanged from the (inflation-adjusted) 2023-24 level of $4.900 billion. The

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Air Vanuatu: Ernst & Young appointed voluntary liquidators, Fiji Airways boosts capacity to Vanuatu

Ernst & Young Australia have been appointed as Voluntary Liquidators of Air Vanuatu (Operations) Limited. This follows the airline’s cancellation of around 20 flights to and from New Zealand, Australia and

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President Whipps sued in the U.S courts for alleged violation of the Compact Treaty

Palau President Surangel Whipps Jr. was sued in Sherman, Texas, USA and was served the court summons earlier this month while campaigning in Texas. The lawsuit was filed by Christa NafstadToribiong, the current wife of

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Air Vanuatu grounds flights after reportedly going into administration, Board dissolved

Air Vanuatu has cancelled or adjusted some 20 flights to and from New Zealand, Australia and Nouméa after reportedly being placed into administration. Cancelled flights include services from Port Vila to Auckland on

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Palau hoping for more things to come

Palau may not have been able to bag everything it hoped for under the renegotiated terms of the Compact of Free Association, but at some point, a deal had to be closed and the nation had to settle for a compromise,

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Opinion: Call on ADB to secure correspondent banking partners for Pacific countries

Pacific countries have sought the help of the Asian Development Bank (ADB) to secure correspondent banking partners to increase investment and raise opportunities for local businesses.  The 14 Pacific Developing Member

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Papua New Guinea has ‘human capital crisis’, says World Bank

The World Bank has urged the largest Pacific Island nation, Papua New Guinea, to address a “human capital crisis” and invest more in educating children, who suffer high rates of stunted growth and illiteracy, as a

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Palau tourism rebounds, aims for Pre-Pandemic levels by year’s end 

Palau’s tourism industry is experiencing a significant comeback, with visitor arrivals steadily increasing throughout 2023 and into 2024.  Total arrivals in 2023 surpassed 42,000, reaching nearly 45 percent of

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Opinion: The Climate Crises & High Debt-Levels in the Pacific: Who will pay?

As Fiji and neighbouring Pacific Island Countries face the daunting prospect of dealing with unprecedented national debt levels and the effects of climate change, the issue of how climate action will be financed becomes

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Scammers use fake Cook Islands resort to lure overseas job seekers

International scammers have created a fake Cook Islands resort to lure people looking for jobs in the tourism industry. They deceive victims into paying an upfront fee of at least $280 (US$165.90). Cook Islands News

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