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Economy set for rebound with strong mineral sector performance
The Bank of Papua New Guinea (BPNG) anticipates a rebound in the country’s real GDP growth in 2024, led by robust performance in the mineral sector, according to Central Bank Governor Elizabeth Genia. The March 2024 Monetary Policy Statement revealed that a projected...
Eminent women to address APNG Business Forum
The upcoming 39th Australia Papua New Guinea Business Forum, scheduled for May 13-15 on the Gold Coast, will feature four distinguished female leaders who are set to discuss their innovative contributions to business and economic development in the region. Susil...
Strategic initiatives set to transform PNG economy
Papua New Guinea is gearing up for a promising economic future, driven by strategic investments in mining, infrastructure, and small business development. As the country moves toward economic stability and growth, several pivotal projects and initiatives stand out,...
Bank survey reveals decline in business confidence
Recent findings from a survey conducted by the Bank of Papua New Guinea (BPNG) have unveiled a concerning trend of declining business confidence within the country. The revelation was made by Bank of PNG Governor Elizabeth Genia during the presentation of the March...
Solomon Airlines, Air Vanuatu forge partnership for crew training
Solomon Airlines, under the leadership of its new Chief Executive Officer (CEO), Sean Te’o, is exploring a collaboration with Air Vanuatu to provide training for Air Vanuatu’s cabin crew members to operate Solomon Airlines’ A320 aircraft. This development was...
World Bank urges PNG to address ‘human capital crisis’
The World Bank has issued a stark warning to Papua New Guinea, underlining the urgent need to tackle what it describes as a “human capital crisis” plaguing the nation. In its annual economic update released on recently, the World Bank underscored the critical...
Big potential for sport, retirement, and medical tourism in Fiji, ADB says
The Asian Development Bank (ADB) has outlined a strategic vision for Fiji, outlining the potential for diversified tourism offerings beyond the traditional holiday sector. In its latest Asian Development Outlook report, the ADB highlights Fiji’s impressive economic...
Australia pledges nearly $500m for Pacific projects
Australia has committed to injecting AUD $492 million into development projects across the Indo-Pacific region, aiming to address pressing needs and foster transformative growth. The pledge, directed towards the Asian Development Fund’s (ADF14) 2025-28 pledging round,...
Pacific job market shows resilience amid challenges: ILO report
Despite persistent challenges, the job market in the Pacific region has demonstrated resilience, as highlighted in a recent report by the International Labour Organisation (ILO). Released during the Pacific Tripartite High-Level Dialogue on Decent Work and the 2050...
Tourists boost Fiji’s local economy with more experiential spending
Tourism Minister Viliame Gavoka has highlighted a notable shift in the spending patterns of tourists visiting Fiji, signalling a growing interest in immersive experiences beyond traditional lodging and airfare expenditures. Gavoka revealed that while lodging and...
Bid to boost Fiji’s investment potential with new ESG program
A collaborative effort between the International Finance Corporation (IFC) and South Pacific Stock Exchange Pte Limited (SPX) aims to elevate environmental, social, and governance (ESG) standards in Fiji’s capital market, sparking interest and investment...
Jeremiah Manele elected Solomon Islands Prime Minister
Jeremiah Manele has emerged as the freshly anointed Prime Minister of the Solomon Islands, succeeding the tenure of Manasseh Sogavare. Prior to this ascent, Manele had served as the Foreign Minister under Mr Sogavare’s administration, until the latter opted out of the...
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