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…
VILLAGERS of Marau, east Guadalcanal, are living in fear. Sea level rise, they say, is eating away their shorelines and digging into their village. They don’t feel safer anymore. They feel their future is in jeopardy. To them, climate change is real. It is happening right before their eyes. They wanted to be relocated to…
The head coach of the Solomon Islands athletes with disability says, preparations for the upcoming Commonwealth Games in Scotland is going well. The duo, Janet Sipale and Noela has been under intensive training conducted by Topue himself and guided by the president of the Solomon Islands National Paralympics Committee (SINPC), Mrs Nina Davis. The duo…
Solomon Islands champion soccer club, the Solomon Warriors FC will take on AS Pirae of Tahiti for their opening match of the Oceania Champions League next week. This will be a tough opener for Warriors who will for the first time take on a Tahitian club since it joining the Oceania’s top level football clubs’…
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…