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Pacific Marine Group to lead works for Kimbe Port upgrade
Australia is reinforcing its commitment to Papua New Guinea’s economic development through a AUD95.7 million loan to upgrade Kimbe Port in West New Britain Province. This funding, provided under the Australian Infrastructure Financing Facility for the Pacific (AIFFP),...
Govt remains committed to 2027 Budget surplus target
Papua New Guinea remains steadfast in its plan to bring the budget back to surplus by 2027, this year’s will be its record 15th consecutive deficit budget. This goal, outlined in its long-term fiscal strategy, underscores a cautious yet disciplined approach to...
50th Independence Anniversary logo, theme unveiled
Papua New Guinea has officially launched its 50th Independence Anniversary logo and theme, marking a significant milestone in the nation’s history. The golden jubilee celebrations, scheduled for 16 September 2025, are expected to attract global investors, diplomatic...
Bulikula subsea cable lands in Fiji, boosting connectivity
Fiji’s digital infrastructure has taken a major step forward with the arrival of the Bulikula Subsea Cable in Natadola, a significant milestone that underscores global confidence in the nation’s economic and technological future. The subsea cable, part of Google’s...
Australian tourists drive Fiji’s tourism growth in 2024
Australia continues to be Fiji’s largest tourism source market, accounting for over 45 per cent of total arrivals. In 2024, nearly 450,000 Australians visited Fiji, marking a five per cent increase from the previous year. This growth underscores the enduring appeal of...
Fiji’s MSMEs show resilience amid economic shocks: ADB study
A new study by the Asian Development Bank (ADB) has shed light on the resilience of Fiji’s micro, small, and medium-sized enterprises (MSMEs) in the face of major economic shocks, including the COVID-19 pandemic and climate-related disasters. Based on a survey of...
Tourism Fiji’s digital success fuels growth in 2024
Tourism Fiji has marked a record-breaking year in 2024, achieving unprecedented growth across social media, website traffic, and user engagement. The organisation’s strong digital performance has reinforced Fiji’s position as a premier global travel destination,...
ADB, Fiji ink deal for urban waste management
Fiji and the Asian Development Bank (ADB) have signed a landmark Transaction Advisory Services Agreement to support the development of a new sanitary landfill and improve urban waste management. The agreement, which was signed between ADB and Fiji’s Ministry of Local...
Growth in tax take will boost economic development
Fiji’s tax revenue collection between August 2024 and January 2025 has surpassed expectations, reaching FJ$1.8 billion –FJ$136.4 million more than projected. This increase reflects strong economic activity, efficient tax administration, and improved compliance...
Labasa sees economic transformation
Labasa, the economic hub of Vanua Levu, is undergoing a significant transformation, with multiple large-scale projects underway to boost infrastructure, tourism, and commercial activities. Investment Fiji has identified these developments as key to fostering economic...
Vanuatu gears up for Business Forum amid post-quake recovery
In just about a month’s time, the 7th Australia Vanuatu Business Forum will get under way on 12-13 March 2025 at the Warwick Le Lagon Hotel in Port Vila. Organised by the Australia Pacific Islands Business Council (APIBC), the forum will focus on investment, trade,...
Businesses in New Caledonia struggle amid economic, security crises
This write up is based on an email interview by APIBC with Denis Etournaud in November 2024. Denis Etournaud is the Chairman of Bluescope Acier New Caledonia, as well as Chairman of Bluescope Lysaght Vanuatu. Etournaud is a member of the executive committee of the...
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