BSP budgeting K345m in capital expenditure

BSP Financial Group Limited is budgeting K345 million (US$90 million) in capital expenditure over two years starting this year, says Group Chief Executive Officer, Mark Robinson. Speaking during the bank’s 2024 annual

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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

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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

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Prioritise cyber risk management: ANZ

A cybersecurity expert with the ANZ bank says many organisations fail to keep their systems up to date, and as a result, they expose themselves and their customers to cyberattacks. Eli Hirschauge, ANZ’s Head of

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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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