PNG Kina overvalued
Papua New Guinea foreign exchange (FX) shortages have repeatedly been identified by business leaders in PNG as the most serious impediment to private sector development in the country, according to the International
Finance
Gradual devaluation of kina ‘better’: PNG Chamber of Commerce
A gradual devaluation of the kina will be easier to absorb rather than a sudden one, PNG business houses have told Government. The business houses acknowledged the analysis and recommendations by policy advisers that
Mark Robinson joins as new CEO of Bank South Pacific
Bank South Pacific Financial Group Limited has announced the appointment of Mark T. Robinson as Group Chief Executive Officer. Robinson is a senior financial services executive and globally experienced banking Chief
Fiji software firm earns US$50k for fintech devt
Fiji software services provider IT Galax was one of five winning fintech companies in a competition to improve fintech infrastructure in the Pacific Islands, in Singapore last week. The Pacific Islands Fintech
Access to finance ocean projects ‘very challenging’: Solomons MP Manele
While there are huge commitments being made and offered to assist countries to conserve, protect and manage their ocean resources, accessing finance for ocean projects is still a major obstacle for many Small Island
Oceans emergency declared
Updates from the UN Oceans conference The United Nations Secretary General has declared an “ocean emergency” at the 2022 UN Oceans Conference co-hosted by Portugal and Kenya in Lisbon. Addressing delegates attending
Data, skills and a ‘shared vision’ needed to better manage risk
The Deputy Secretary General of the Pacific Islands Forum Secretariat says to better manage risk, access to robust and contextualised data that can be used to make decisions is needed. Speaking at this week’s
Disaster risk support needs better alignment with national priorities: Seruiratu
Fiji’s Minister for Disaster Management, Inia Seruiratu has been urging Fiji’s development partners to better align their support with the priorities of the national government in meetings in Indonesia this week.
Palau President seeks $100k for fintech projects
Palau President Surangel Whipps Jr requests US$100,000 for financial technology projects including the Digital Residency
Switching on renewables
The ambitious renewable energy targets set by many Pacific Island nations may be running behind schedule, but there is still a lot of activity and investment in the sector, pandemic
Delving into digital: Kina finds its sweet spot
The entry of Papua New Guinea’s Kina bank into the fairly competitive Fiji market later this year will bring a range of digital products that should stimulate further innovation in the sector and more choice for
ANZ extends fee waiver for money transfers to Pacific
ANZ will extend its fee waiver until September 2021 for online foreign currency payments made from Australia and New Zealand into 10 Pacific countries.* Latest figures show the value and volume of transfers made by ANZ
Natural disasters push up premiums in Fiji
One of Fiji’s biggest insurance companies says the cost of reinsurance is hitting the bottom line of insurance companies operating in the Pacific. Premium hikes in Fiji’s general insurance market are largely blamed
The uneven playing field
IN March, five Pacific Islands Countries – American Samoa, Fiji, Marshall Islands, Samoa and Vanuatu – suddenly found themselves on the European Union’s revised list of noncooperative jurisdictions
The uneven playing field
IN March, five Pacific Islands Countries – American Samoa, Fiji, Marshall Islands, Samoa and Vanuatu – suddenly found themselves on the European Union’s revised list of noncooperative jurisdictions