Authority inks MoU with Bougainville government on transfer of powers
The Papua New Guinea Investment Promotion Authority (IPA) and the Autonomous Bougainville Government (ABG) have signed a memorandum of understanding (MoU) to transfer the powers on investment promotion and business
From Promise to Progress: Shaping Stock Market Transformation in Fiji
Sheraj Obeyesekere, the recently appointed CEO of the South Pacific Stock Exchange (SPX), shares his insights on the Fijian stock market’s performance in 2024, the strides being made in market development, and the
Fiji-Canada Business Council to launch, strengthening economic ties
The newly-established Fiji-Canada Business Council hopes to tap into the opportunities presented by the 100,000 plus diaspora in Canada. “We are here to help Canadian businesses and investors navigate the
Luxury tourism operator Vanua Ranch aims for 2026 opening
Vanua Ranch has revealed plans to open Fiji’s first boutique villa resort, blending farm-based experiences with high-end luxury, by 2026. Located in Uciwai, Vanua Ranch will feature 17 exclusive boutique villas
Budget should target Fijian diaspora, says investment body CEO
As Fiji launches a strategic initiative this week designed to showcase its outsourcing sector to potential investors offshore, the head of Fiji’s investment agency has called for the Fijian government to focus on
PNG’s Kina Bank invests in Brisbane’s sustainable fintech future
Rapidly growing Queensland fintech and neobank startup WLTH has secured a $7 million (US$4.62 million) investment from Papua New Guinea’s Kina Bank. Trade and Investment Queensland has been seeking trade and
Fiji and Australian Business Councils to address post COVID recovery
Government and business professionals from Fiji and Australia will convene at the 27th Australia-Fiji Business Forum in Sydney next week. After a two-year hiatus, the Australia-Fiji Business Forum will be held for the
PNG’s Investment Promotion Authority to deregister firms
Papua New Guinea Investment Promotion Authority (IPA) expects the number of companies listed in its system to drop, due to its cleansing exercise, an official says. Managing director Clarence Hoot said those companies
U.S. considers Solomon Islands tuna plant investment
The United States is considering investing in a tuna-canning facility under construction in the Solomon Islands. The United States, Australia, and New Zealand have been competing with China for influence in the Pacific.
Superfunds to host investment forum in PNG
Nasfund and Nambawan Super will be co-hosting the Pacific Island Investment Forum on behalf of the PNG Superannuation Industry in Port Moresby from 27-31 March, 2023. The Pacific Islands Investment Forum (PIIF) is an
Fiji marks first Corporate Bond Offer under new regulations
Fijian Holdings Limited (FHL) last week opened a Wholesale Corporate Bond offer of F$30 million, stating it marks a major step forward in efforts to diversify the nation’s financial market. It is the first bond offer
More green energy in PNG : Marape
Days after his election as Papua New Guinea Prime Minister, James Marape took his first official overseas trip to discuss green energy projects with leaders of Fortescue Future Industries (FFI) in Singapore. He said
PNG Government approves new bank
The PNG Government has approved the Peoples Micro Bank Limited to be a full-fledged commercial bank, Papua New Guinea State Enterprises Minister William Duma says. “This means the bank and Kumul Consolidated Holdings
PTI Australia delivers record Pacific investment deals
Pacific Trade Invest (PTI) Australia has recorded more than AUD$27 million (US$12 million) in export deals and a 17 investment deals facilitated in the region, despite the challenging pandemic environment. The Pacific
Fijian businesses sought for U.S. investment Summit
The United States embassy in Suva is recruiting companies to join a Fijian business delegation to the 2022 SelectUSA Investment Summit in June in the Washington, D.C. area. The Investment Summit promotes
Impact Investment: Taking ownership to future-proof the Pacific post-COVID
COVID-19 has been a stark reminder of how our economic, social and environmental systems are closely intertwined and dependent on each other. The pandemic has deeply affected the economies of many Pacific nations. How
Pacific Islands Forum Secretariat appoints its Trade Commissioner in New Zealand
Pacific Trade Invest New Zealand has a new Trade Commissioner. Mrs Glynis Miller, a Fiji national, was appointed following a recruitment drive in November 2020. The formal announcement was made this week by Secretary
Pacific Trade Invest New Zealand Welcomes New Trade Development Manager
Pacific Trade Invest New Zealand (PTI NZ) is pleased to announce the appointment of Mr Rohan Lord as Trade Development Manager. Mr Lord joins PTI NZ, the Pacific Islands Forum Secretariat’s (PIFS) trade and investment
Pacific Funds want to invest in island infrastructure
The Pacific Islands Investment Forum says economic conditions caused by the coronavirus pandemic are an opportunity for the region’s superannuation, pension and provident funds to accelerate plans to pool their
Pacific Trade Invest: 40 years in the Pacific
By Caleb Jarvis As a young boy growing up in Papua New Guinea (PNG), every Saturday Dad would drive up a windy road that overlooked 2-Mile settlement in Port Moresby, where people went about their daily lives. Looking
Fijian exporters urged to explore PNG
As the global trade environment pushes further into uncertain territory, Fijian exporters are being urged to take advantage of what Papua New Guinea has to offer. In a presentation to local businesses this week,