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
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,
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
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
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
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
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
Government insists on value of crypto bill despite criticism
The Office of the Prime Minister (OPM) in Cook Islands has hit back at the critics of the draft Tainted Cryptocurrency Recovery Bill 2023, saying the media did not highlight positive aspects of the Bill. The Bill,
State company exports first LNG shipment
An historical moment, state-owned Petroleum company exports its first LNG shipment, bound for China. KPHL Managing Director Wapu Sonk said this is the access volume from its shareholding in the PNG LNG Project.
Growth of 3.3 percent Expected in Papua New Guinea in 2024, 4.6 percent in 2025 — ADB
The economy of Papua New Guinea (PNG) is expected to improve in 2024 and 2025, according to the Asian Development Outlook (ADO) April 2024, ADB’s flagship economic publication. The positive outlook is driven by
Air Niugini to suspend weekly Palau flights
Air Niugini has advised customers that the airline’s weekly services from Brisbane to Palau via Port Moresby will be suspended, effective 01 May 2024. This service commenced in February 2023 supported by the
BPNG survey confirms decline in business confidence
A survey conducted by the Bank of Papua New Guinea (BPNG) indicates a decline in business confidence in the country. Bank of PNG Governor Elizabeth Genia revealed this recently when presenting the March 2024 BPNG
Solomon Islands PM’s wife slams report on family properties as unethical journalism
The wife of the caretaker Solomon Islands Prime Minister Manasseh Sogavare has described the In-depth Solomons article titled ‘Solomons PM Has Millions in Property, Raising Questions Around Wealth’ as a publication
Eramet reaches agreement to continue SLN’s New Caledonia operations
French mining group Eramet said on Wednesday it had reached an agreement with the French government to continue its subsidiary SLN’s mining operations in New Caledonia’s Northern Province. Under the agreement,
Niue’s twice weekly flights have resumed
The twice weekly flights to Niue resumed last week on Monday, 01 April. Niue Tourism Advisor, Hayden Porter says they double their capacity numbers with the increased flights and is the highest they have seen in the
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
