Economic growth in the Pacific is projected to rise to 5.4% in 2014 from 4.8% in 2013, according to the Asian Development Bank’s (ADB) latest Asian Development Outlook 2014, launched in Sydney on Tuesday. Most economies across the Pacific are expected to perform better this year due to higher stimulus from the implementation of large…
The proposed changes to the Mining Act 1992 will not affect Papua New Guinean resource owners and investors. The reassurance from Mining Minister Byron Chan comes as the Mineral Policy and Geohazard Department finalises the amendments to be passed in parliament this year. “The Mining Act’s amendments is well prepared to be received by…
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…
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…
BRISBANE Airport chiefs are planning to build a monorail system to move passengers around the hub as they prepare for a huge increase in traffic over the next 20 years. The mass transit system proposal is part of a draft master plan to be released this week outlining $2.5 billion of development at the airport…
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.…
ANZ on Tuesday announced the addition of another ANZ goMoney merchant to its expanding network across the Solomon Islands. A statement from the bank said Soltai Staff Credit Union in Noro is ANZ’s latest ANZ goMoney merchant in the Western Province, taking the total number of merchants in the area to 16. “ANZ goMoney will…
SOLOMON Islands Postal Corporation violated the Universal Postal Union Convention when it temporarily closed its Auki office in Malaita. That’s according to former deputy chief executive officer Sione Kelly. He said under the convention, Solomon Post is required to give a three-month notice to the public about closing its office before it could do so.…
FANS of international star J Boog are on the edge and excited to witness his live concert for the first time in Solomon Islands. J Boog will be performing live in Honiara at Heritage Park Hotel Car Park this weekend 6th of April 2014, Sunday with tickets selling like hot cakes. Known for hit songs…
Senior officials responsible for energy and transport in Pacific Island countries and territories gathered in Nadi, Fiji on Monday to participate in two days of meetings ahead of the Pacific Regional Energy and Transport (Aviation and Maritime) Ministers’ Meeting, which starts today. The officials’ meeting, organised by the Secretariat of the Pacific Community (SPC) in…