The commencement of Liquefied Natural Gas (LNG) exports will support Papua New Guinea’s (PNG) GDP growth of 6% in 2014, picking up to a record 21% in 2015, the Asian Development Bank (ADB) says in a major new report. ADB’s flagship economic report, the Asian Development Outlook (ADO), says the rich-poor gap in PNG is…
Tourism operators on Marau, east Guadalcanal are calling on the current government to support them before their time is up. Harrison Waruhena a tourism operator in the area told the Solomon Star over the weekend that t NCRA is about to finish its term and its important that they support operators from Marau. “We the…
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…
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…
ST Barbara’s Simberi operations in New Ireland has focused on community involvement to promote the national safety week which ended last Friday. Health and Safety superintendent Daan Van Pletzen said the company was putting more stress on schools around the island. Activities on Simberi began the previous Sunday, which saw nine different departments in the…