On 1 January this year, the Central Pacific Shipping Commission (CPSC) became operational. Work to achieve this began after the governments of Kiribati, Marshall Islands, Nauru and Tuvalu signed a regional agreement on international commercial shipping in 2010.
The Central Bank of Solomon Islands (CBSI) board has decided in its meeting on Thursday 27th March 2014 to move away from the moderate contractionary monetary policy stance that prevailed in the recent six months to a neutral monetary policy stance over the next six months.
Asian Development Bank (ADB) President Takehiko Nakao and Palau’s Finance Minister and ADB Governor Elbuchel Sadang have signed a loan agreement to fund the Koror-Airai Sanitation Project, which will improve the delivery of sanitation services in Palau.
The proposed changes to the Mining Act 1992 will not affect Papua New Guinean resource owners and investors.