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AFBC, Investment Fiji to launch definitive Trade & Investment guide for 2025
The Australia Fiji Business Council and Investment Fiji have announced the launch of the Fiji Trade & Investment Review 2025, a comprehensive annual publication aimed at equipping businesses and investors with key insights into Fiji’s economic landscape. Designed...
New town development plan offers investment opportunities
The Fijian government has launched the New Town Development Programme, an ambitious initiative designed to reduce congestion in existing urban centres while promoting economic activity in less developed regions. The programme forms a key part of Fiji’s long-term...
Fiji moves forward with National Digital ID to enhance security
The development of Fiji’s National Digital ID System has taken a significant step forward with the inaugural meeting of the National Identification (ID) Steering Committee in Suva on 26 February 2025. The initiative aims to establish a secure, unified, and inclusive...
Access to Business Funding Bill aims to strengthen SMEs
The Fijian Parliament is currently reviewing the Access to Business Funding Bill, a legislative initiative designed to address long-standing challenges faced by small and medium enterprises (SMEs) in securing financial support. The bill, introduced by the Minister for...
Promising signs in PNG’s economic recovery: IMF
Papua New Guinea’s economic landscape is exhibiting promising signs of recovery, as highlighted by the International Monetary Fund’s recent assessments. The nation’s economic growth is projected to reach 4.5 per cent in 2024, up from 2.9 per cent in 2023, buoyed by...
New aircraft set to modernise Air Niugini fleet
Air Niugini has embarked on a transformative re-fleeting programme valued at approximately NZ$2 billion—the most substantial investment in its 52-year history. This strategic initiative, spanning from 2025 to 2028, aims to modernise the airline’s fleet, enhance...
Concern as Solomon Islands goods flood Bougainville
A recent surge of goods entering Bougainville from the Solomon Islands has sparked significant economic and regulatory concerns. Products ranging from food items to clothing are flooding markets in towns like Arawa and Buin, often bypassing official taxation channels....
ADB, Kina Bank forge trade finance partnership
The Asian Development Bank (ADB) and Kina Bank Limited have signed a trade finance agreement to bolster international trade in Papua New Guinea (PNG). This partnership enables ADB’s Trade Finance Program (TFP) to provide a credit guarantee facility supporting up to $4...
Trukai empowers rice farmers to become commercial growers
In a bid to boost local rice production and reduce dependence on imports, Trukai Industries has launched the Smart Farmer Internship Program, an initiative aimed at developing skilled rice farmers for commercial-scale production. The program, which commenced in...
ADB grants $24.25m for climate resilience in PNG
The Asian Development Bank (ADB) has approved a $24.25 million grant to Papua New Guinea (PNG). This funding, sourced from ADB’s Strategic Climate Fund, aims to integrate climate risk and resilience planning into PNG’s development policies, particularly benefiting...
Join industry leaders at the 7AVBF in Port Vila 12-13 March
Join the 7th Australia Vanuatu Business Forum #7AVBF is scheduled for March 12-13, 2025, at the Warwick Le Lagon Hotel in Port Vila, Vanuatu. Organised by the Australia Pacific Islands Business Council (APIBC) in collaboration with the Vanuatu Foreign Investment...
World Bank commits $110M for Kiritimati Island’s infrastructure
The World Bank has approved a USD 110 million (AUD 175 million) grant for Kiritimati (Christmas) Island in Kiribati. This six-year initiative aims to enhance climate-resilient transport infrastructure and stimulate economic growth, aligning with the Government of...
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