Indonesia starts exporting electricity to Papua New Guinea
Indonesian President Joko Widodo and Papua New Guinea Prime Minister James Marape met at the Bogor Palace on Monday to discuss cooperation in various fields, including electricity exports to the border region.
Winston Peters says he wants more rational debate on deep sea mining, not ‘virtue signalling’
New Zealand’s Deputy Prime Minister, Winston Peters, says mining is critical to transition away from fossil fuels, but the call for a moratorium in international waters by the previous government still stands.
PNG’s Economic Outlook remains positive, says IMF report
Papua New Guinea Prime Minister James Marape has welcomed an International Monetary Fund (IMF) report indicating that Papua New Guinea’s economic outlook remains positive. The IMF report, released Saturday,
Palau’s President proposes $3.4M Supplemental Budget to address healthcare shortfall
Palau President Surangel Whipps Jr has submitted a US$3.4 million supplemental budget proposal to Olbiil era Kelulau for consideration. The proposal allocates US$3.4 million and appropriates US$2.7 million. In his
Fiji positioned for growth in Asia Pacific real estate market
Fiji is on the brink of significant growth in the Asia Pacific real estate market, according to Nick Thompson, Hotels and Hospitality Director at JLL New Zealand. Speaking at a recent tourism investment conference,
Luxury tourism operator Vanua Ranch aims for 2026 opening
Vanua Ranch has revealed plans to open Fiji’s first boutique villa resort, blending farm-based experiences with high-end luxury, by 2026. Located in Uciwai, Vanua Ranch will feature 17 exclusive boutique villas
The perils of underinsurance
Underinsurance and the unawareness of insurance remain significant challenges say insurance providers in Fiji and the Pacific. Chief Executive Officer of Capital Insurance in Fiji, Tonga, and Vanuatu, David Ariff Chan,
Parametric insurance industry off to a rough start in Vanuatu
Two insurance companies have exited Vanuatu, impacting beneficiaries and the burgeoning parametric insurance industry. Noeline W. Viro of the Insurance Supervision Unit of the Reserve Bank of Vanuatu, says that while
Pacific islands are being ‘debanked’. What does it mean – and why are Australia, NZ and the U.S concerned?
The withdrawal of major banks from Pacific islands poses significant socio-economic risks to the region, prompting intervention by Australia, the U.S and New Zealand. The so-called debanking of the Pacific – when
ANZ says in talks with Australian govt about shoring up Pacific Islands business
ANZ bank is in talks with the Australian government about ways to make its business in the Pacific Islands more viable as an exodus of Western financial services fuels concern about rising Chinese influence, its CEO
Funding injection to help keep banks in Pacific
An extra $6.3 million (US$4.24 million) in Commonwealth funds will go toward bolstering banking infrastructure in the Pacific, the federal treasurer will announce at a forum in Brisbane. The talks are focused on banking