Fiji Business Briefs: Fuel prices up, Vanua Levu road project, Movers and Shakers
Revised fuel and LPG prices for April 2024 The Fijian Competition and Consumer Commission (FCCC) has released new regulated prices for various fuel products effective from 1 April 2024. Unleaded fuel has gone up by nine
Small Singapore company to monopolise all gold trading in PNG, says industry
The proposed National Gold Corporation Bill 2022 will effectively create a Gold Monopoly which will be disastrous for PNG’s mining sector and the economy of Papua New Guinea. That’s the stern implications
Palau scrambles after cyberattack cripples financial systems
Palau’s financial management system was crippled last week after a cyberattack, forcing the Ministry of Finance to temporarily revert to manual payroll processing. This marked the first major cyberattack and the
Fiji Business Briefs: RBF on Fiji’s outlook, Aviation school to expand
RBF says inflation, job vacancies up The Reserve Bank of Fiji says indications are Fiji’s economy will grow in 2024. In a recent statement, RBF Governor, Ariff Ali said while consumption spending was positive—due to
Is the Pacific moving fast enough on Kava protection?
Pacific Island nations are considering implementing Geographical Indication (GI) protections for kava to safeguard its reputation and uniqueness. This move aims to capitalise on the growing global demand for kava and
Fiji Business Briefs: Chequing-out, Pacific Green growth, Movers and Shakers
Bank cheques phase out While the phasing out of cheques by Fiji’s banks is inevitable, indications from the Reserve Bank of Fiji (RBF) are that there is still flexibility around the timeline. RBF Governor Arrif Ali
Internet cost cheap says Samoa regulator
Samoa Telecommunication regulator, Lematua Gisa Purcell has maintained that the current internet price is cheaper compared to previous years and the network cost will drop again before the end of the year. Lematua
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
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
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
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
