De-banking having a ‘severe impact’ on Pacific Islanders
The region’s economic ministers say the expiry of correspondent banking relationships (CBR) is having a severe impact on the lives of Pacific Islanders, including seasonal workers, micro, small, and medium
COVID19 a wake-up call for Pacific countries to strengthen social security systems
The COVID19 crisis was a wake-up call for many Pacific Island Countries to enhance their social security systems. According to the Asian Development Bank (ADB), its 14 Pacific Developing Member Countries (PMDCs) were
Labour mobility a ‘double-edged word’: Samoa Chamber of Commerce President Seulupe
Samoa’s private sector members are still recovering from the COVID-19 pandemic and are unable to take on the added expense of a minimum wage increase while navigating multiple challenges. That is the view of
Fiji National Provident Fund acquires popular Garden City Complex
Fiji’s National Provident Fund has acquired the popular Garden City complex at Carpenter Street in Raiwai. The property, which sits on a freehold land area of 3 acres and 1.7 perches, is located just 2.5
Federal programmes in Guam facing uncertainties amid looming shutdowns
Federally funded programmes on Guam are facing uncertainties as the U.S. government heads toward a shutdown that will disrupt many services nationwide by 01 October. “At this point there are no real clarifications of
Ok Tedi life extension approved
The OK Tedi Mining Limited (OTML) in Papua New Guinea has had its mine life extension approved from 2023 to 2050, with an expected dividends payments in excess of K30 billion (US$8.2 billion), says chief executive
New Caledonia’s nickel sector faces energy crunch
French President Emmanuel Macron’s recent visit to New Caledonia highlighted the strategic importance of the vast reserves of nickel in the French Pacific dependency. Speaking in Noumea, President Macron said:
Pacific economies: driven to the brink of change
FANALEI. A 2-kilometre-wide island in the Solomon Islands. Once home to 500 people. Now, almost empty. The reason a young student and her peers are taking on the world. Just over 2000 kilometers away, a man in his
Solomon Islands granted three years LDC graduation extension by UN
Solomon Islands has been granted three years’ extension by the United Nations to prepare for least developed countries (LDCS) graduation. This was made possible through a Resolution which was adopted by the General
BSP facing more system issues than expected
Bank South Pacific (BSP) has come out with an apology and explanation on the current technical difficulties experienced in Papua New Guinea since the implementation of the new Information Technology core banking system
Call for a review of the ‘regional architecture’ to address the needs of Forum Members
With so many regional plans, strategies, frameworks – and now the 2050 Strategy, some Pacific countries are concerned with how benefits are flowing to member countries. There are now calls to review the ‘regional
