Trade Pasifika 2014 was officially opened in Fiji Tuesday night with a firm recommendation from host country Fiji for stronger intra-regional trade among Pacific Island Countries and Territories (PICTs). This, it believes, will provide the best platform for exchange with international trade partners, given the many challenges that characterise business and entrepreneurship in individual countries…
Tourism Fiji is seeking an internationally-experienced market research agency to conduct research into holiday visitor source markets. The research will focus on the key source markets for Fiji’s holiday visitors: Australia, New Zealand, the United States, China, the United Kingdom, Germany, South Korea and India. Ken Freer, Tourism Fiji’s director of global marketing said: “We…
Telecom will sell its 60 per cent stake in Telecom Cook Islands to Digicel for about $NZ23 million. Digicel is a Jamaican network provider which has a presence in 31 countries. The company’s Oceanic arm, Digicel Pacific, operates in Vanuatu, Samoa, Papua New Guinea, Tonga, Fiji and Nauru. The deal is expected to be completed…
MANY Papua New Guinean women lack the basic skills for them to succeed as entrepreneurs. This was stressed by the prime minister’s wife Linda Babao in a remark at a fundraising breakfast sponsored by the PNG Women Chamber of Commerce and Industry. Babao said: “Women lack the basic knowledge in bookkeeping, budgeting, pricing, marketing, product…
THE central bank transferred $39.9million to the Fijian Government on Wednesday for the financial year ending December 31, 2013. In a statement, Reserve Bank governor Barry Whiteside said this comprised its total profit of $31.9m for the past financial year and $8m, which represented one-fifth of the balance of revaluation account as per the RBF…
The Asian Development Bank (ADB) has projected Fiji’s growth to moderate to around 2.8 per cent this year and accelerate to three per cent next year. The bank further indicated that Fiji’s growth for the past year was 3.6 per cent which was what the Reserve Bank of Fiji had released earlier. This is highlighted…
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…
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…