Bank boss paints positive picture of PNG prospects

Kina Bank plans to invest over K30 million (US$7.9 million) this year to expand and refine its services with a focus on improving Papua New Guinea customer service, says Managing Director and Chief Executive Officer,

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Winston Peters and Shane Reti make Cook Islands climate change announcement

Tackling the impacts of climate change is a key focus for New Zealand, with a total of $16.5 million (US$10 million) to go to the Cook Islands to help fight the crisis. Deputy Prime Minister and Foreign Affairs

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Fiji Business Briefs: Fiji Airways charter, Kontiki results

Fiji Airways defends Israel charter flight arrangements Fiji Airways says it has adhered to ethical business practices in the running of last year’s charter flights to Israel, but has admitted the charterer has missed

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Fiji Business Briefs: Pine harvesting, Nabouwalu development, Kinetic Growth updates

RBF gives insurers time to implement new standards The Reserve Bank of Fiji (RBF) says licensed insurers will only have to reflect new reporting standards in their prudential reporting from 1 January 2026. This follows

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Westpac stays, so what’s next?

Westpac’s October announcement that it no longer planned to sell its remaining businesses in Papua New Guinea and Fiji, and its statement to the Australian Stock Exchange that it would increase investment in its

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The long, hard road to climate finance

It’s the classic Catch-22.  Pacific and other small island developing states desperately need to access climate finance to survive the growing impacts of climate change. That much is well known. And the

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PNG Climate Change General Manager Alfred Rungol reinstated

The Papua New Guinea Climate Change Development Authority (CCDA) general manager for Measuring, Reporting, Verification and National Communication Alfred Rungol has been reinstated to his substantive position. After a

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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

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Pacific region vastly underserved by climate finance: Coral Pasisi

The Pacific region remains vastly underserved by access to climate finance, according to the Pacific Community’s (SPC) director of climate change and sustainability, Coral Pasisi. By her estimation, the region

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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

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Palau Finance Minister welcomes audit of stablecoin project

Palau’s Minister of Finance Kaleb Udui Jr said he welcomes the audit by the Public Auditor of Palau’s stablecoin project as requested by the Senate. “We have nothing to hide. We have been working with

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FEMM endorsed re-designed Pacific Resilience Facility

The Pacific Islands Forum Leaders Meeting later this year in Rarotonga is expected to adopt and approve the redesigned Pacific Resilience Facility (PRF) after it was endorsed by the Forum Economic Ministers Meeting

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