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...
ANZ commits to continued services in the Pacific
In a strategic move to maintain financial stability across the Pacific, ANZ has reaffirmed its commitment to providing banking services in nine Pacific Island nations, including the Cook Islands. This announcement comes amid concerns about the withdrawal of Western...
AIFFP advances $2B infrastructure investment in the Pacific
The Australian Infrastructure Financing Facility for the Pacific (AIFFP) has released its Annual Update for FY 2023-24, highlighting a shift from project origination to implementation across the Pacific and Timor-Leste. As of 30 June 2024, AIFFP had committed AUD 2...
Solomons landowners file claim for 2019 oil spill
Landowners of Kangava Bay, East Rennell, Solomon Islands, have filed a compensation claim against a group of international companies responsible for the 2019 oil spill, widely considered the most severe environmental disaster in the country’s history. The claim,...
EFL in global search for new CEO
Energy Fiji Limited (EFL) is in the midst of an international search for a new Chief Executive Officer to lead the company during a critical phase of its transition to renewable energy. The company is seeking a visionary leader to drive its ambitious goal of sourcing...
Fijian exports to Kiribati poised for growth with new opportunities
Fiji is actively enhancing its export capabilities to meet the growing demand from Kiribati, an emerging market in the Pacific region. Key Fijian products attracting interest include flour, sugar, boiler parts, instant noodles, cement, and sweet biscuits. Investment...
Fiji Airways expands with new aircraft, routes
Fiji Airways has announced a series of developments, including the addition of new aircraft, the launch of direct international routes, and updates to its subsidiary’s branding. These changes are aimed at expanding its regional and international operations, with a...
Financial indicators signal positive trajectory
Fiji’s economy exhibited favourable growth in 2024, underpinned by robust financial indicators and sectoral performances. The Reserve Bank of Fiji (RBF) reported an 8.4 per cent expansion in broad money, reflecting increased liquidity and financial activity within the...