Palau signs $28.8m loan for sewage improvement

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 Government of Palau must be congratulated for their integrated approach to improving sanitation and water services,” said…

Fiji rum is best in the world

FIJIS Bounty overproof rum has won a number of significant awards in competition with the worlds best rums at the San Francisco Spirits competition this year. In a statement this week, Coca-Cola Amatil Limited said Bounty overproof rum was one of the portfolios of Fiji Rum Co spirits brands owned by Coca-Cola Amatils Fiji and…

Fiji Energy sector works towards sustainable energy development

As part of efforts by the Fijian Government to sustain economic development through accessible and sufficient energy, the Department of Energy has adopted the Sustainable Energy Financing Project. The Sustainable Energy Financing Project (SEFP) has been adopted by Fiji to reduce fuel importation & environment pollution and save money by converting electricity generation from fossil…

SI warned of declining logging industry

The country faces a challenging future in terms of its economic growth given the dwindling forestry industry as more natural forests are being logged out. Asian Development Bank (ADB) economist Milovan Lucich who is looking after Nauru, Solomon Islands and Vanuatu sounded the alarm during last week’s ADB Pacific business media summit in Sydney, Australia.…