Chinese premier holds talks with PNG PM Marape
Chinese Premier Li Qiang on Monday held talks with Papua New Guinea Prime Minister James Marape, who is in Beijing to attend the third Belt and Road Forum for International Cooperation and pay an official visit to
Joint feasibility study set for a possible free trade agreement between PNG and China
A joint feasibility study is set to begin next week for a possible free trade agreement between Papua New Guinea and China. According to The National, International Trade and Investment Richard Maru said the cost of the
Commonwealth Finance Ministers meet in Marrakesh to tackle overlapping global crises
Commonwealth Finance Ministers met this week in Marrakesh, Morocco to discuss the reform of the global financial architecture, with particular attention to two pivotal areas, scaling up development finance and
World Bank targets dirty subsidies to fund climate action
The World Bank is seeking to persuade governments to take money away from subsidies for fossil fuels and invest it in good causes like climate change. Governments around the world currently spend over half a trillion
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:
