BSP waiting on approvals from island nations

THE NATIONAL – Bank South Pacific (BSP) says it is waiting for few more regulatory approvals before it can fully acquire the banking operations of Westpac in Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga for A$125 million (US$99 million). Chief executive officer Robin Fleming said the bank was targeting end of May to complete…

Bank agents in overseas training

The Central Bank of Solomon Islands (CBSI) and the United Nations Pacific Financial Inclusion Program (PFIP) have sent four local business and bank officials to attend a high level agents training in the Philippines this week. A statement from the central Bank said, Julie Gegeu Haro and Elizabeth Sodu from the Premier Group of Companies…

PNG businesses urged to invest in Indonesia

PNG LOOP – Indonesian President Joko Widodo has invited business communities in PNG to invest in Indonesia and participate in its economic growth. Speaking at a business breakfast yesterday morning in Port Moresby, Widodo told business communities his first visit to the country marks a new beginning for both countries. “A new beginning for stronger…

Pacific islanders urged to reject PACER-Plus

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Competitive edge in communication

Suva (Fiji Times) – AFTER six years as a mobile telecommunications provider in the country, Digicel Fiji says one of its greatest achievements has been the level of competition it has brought to Fiji. CEO Darren McLean said Fiji had been and continued to be Digicel’s most competitive market in the Pacific. “Digicel is in…

Miner waits on approval

Port Moresby (The National) –  Gold Ridge Mining Ltd (GRML) continues to seek approval from the Solomon Islands Government to dewater the tailings storage facility (TSF) at the Gold Ridge mine. In a statement, the company said it was negotiating a potential transfer in ownership of the mine to a landowner company. Gold Ridge is…

Media urged to be sensitive on children’s issues

Suva-based director of the Sub-regional International Labour Organisation (ILO) David Lamotte has urged the Pacific media to be sensitive when reporting on issues concerning children. He made the reminder at an ILO workshop on children labour and trafficking that ended at Nadi, Fiji, Friday. Lamotte highlighted this following newspaper reports in Fiji on a female…