Governor pleased with recent IMF meet

CENTRAL Bank Governor, Denton Rarawa says he was pleased with the outcome of the recent International Monetary Fund (IMF) annual meeting he attended early this month. Mr Rarawa said as part of the Solomon Islands delegation to the meetings, he was pleased with the outcome. “In my view the meeting has been very successful. We…

New PNG TV station set for launch

POST COURIER: Papua New Guinea’s first national channel PNG TV is on the verge of being launched following the successful completion of training for five pioneering local specialists. These five uniquely skilled individuals will be joined by another 30 who will be recruited this week to begin training for the roll out of the new…

BSP launches branchless banking in Auki

BANK South Pacific (BSP) has launched its Branchless Banking (BB) in Auki Malaita Province, on Tuesday. The launching was part of BSP to educate people to have more understanding about their Wantok Moni Functions and also reached out to customers rather than customers coming to the bank. Its purpose is to get its customers acquire…

New style gambling proposed for Vanuatu

RNZI: Reports from Vanuatu say an entertainment company with interests in China is to offer a new style of gambling to Vanuatu. The Daily Post Newspaper reports Amax International Holdings plans to offer live-dealer online gambling to high-rollers in the country.  Amax is an investment holding company engaged in gambling and entertainment related businesses in…

Re-discover the South Pacific at ITB Asia

SPTO:  Tourism stakeholders in major tourism source markets from around the world will meet in Singapore to showcase tourism products at the ITB Asia tourism trade show next week. The event which takes place from October 29-31 at the exquisite Marina Bay Sands will convene tourism promotion bodies, tourism operators, agents and airlines that will…

UK roadshow to showcase Pacific

SPTO: The South Pacific as a travel destination will be under the spotlight again, this time in the United Kingdom with five Pacific national tourism representatives travelling to four densely populated British cities. The South Pacific Tourism Organisation, funded by the European Union’sPacific Regional Tourism Capacity Building Project, will be taking representatives from Fiji, Papua…

NZ Business Council focuses on Melanesia

New Zealand has been traditionally and culturally aligned more closely to Polynesian states than Melanesian countries. The country’s interest in building business ties with Papua New Guinea, the Solomon Islands and Vanuatu is relatively recent when compared to the historic links that Australia has had with Melanesia. In the past couple of years, New Zealand…

Why PEC reduces terminal grant

The Parliamentary Entitlements Commission (PEC) has elaborated on its decision to reduce the $400,000 terminal grant for 50 members of the now dissolved Ninth Parliament. Members of the Commission decided to reduce the terminal grant to $200,000 because of the following reasons. The recommended $400,000 could impact heavily on the national economy and the government’s…