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Hall Contracting to build coastal protection system in the Marshalls
Australian company Hall Contracting has announced plans to implement a 1.81 km coastal protection system in the Republic of the Marshall Islands (RMI). Specialising in dredging, civil, and marine construction, Hall Contracting, a proud member of the Australia Pacific...
Correspondent Banking decline hampers Island economies, study finds
In recent years, the decline of Correspondent Banking Relationships (CBRs) in Pacific Island countries has emerged as a significant economic challenge, impacting everything from trade to remittances and financial inclusion. The phenomenon, commonly referred to as...
Tuvalu advances renewable energy with new solar farm
Tuvalu is making significant strides in its renewable energy sector, with new projects aimed at reducing reliance on imported fossil fuels and combating climate change. In May 2024, the government celebrated a major milestone with the completion of a substantial solar...
US announces initiatives to boost trade, finance in Pacific
The United States has intensified its economic engagement with Pacific Island nations, focusing on enhancing trade ties, economic development, and financial inclusion. In May 2024, several key initiatives were announced under the Pacific Partnerships for Prosperity,...
Economic stimulus through infrastructure spending in Cook Is
In a bold move to stimulate economic growth, the Cook Islands government announced an extensive infrastructure spending plan in May 2024, aimed at doubling the country’s GDP. This ambitious initiative also seeks to elevate the Cook Islands’ minimum wage to levels...
Fiji hosts landmark South Pacific Tourism Exchange
The South Pacific Tourism Exchange (SPTE) 2024, a landmark event for the Pacific tourism industry, took place in Nadi, Fiji on May 4-5. This event marked a significant milestone as it was the first time the SPTE was hosted in Fiji, moving from its traditional venues...
Fiji Water’s expansion, labour issues present contrasting narrative
Fiji Water has embarked on a significant capacity expansion project at its Yaqara plant. This $140 million investment aims to boost production capabilities by 47 per cent over the next few years, ensuring the company can meet growing global demand. Prime Minister...
Record attendance expected at #39APNGBF next week
The 39th Australia Papua New Guinea Business Forum #39APNGBF, set to be held on the Gold Coast from May 13 to 15, is shaping up to be the most attended in the last ten years, with registration numbers skyrocketing after an initial slow start. According to the event’s...
Australia welcomes 100 Fijian workers to bolster aged care sector
Nearly a hundred Fijian aged care workers arrived in Australia last month as part of a significant initiative under the Australian Government’s Aged Care Expansion (ACE) program. This influx is part of the Pacific Australia Labour Mobility (PALM) scheme aimed at...
Island nations welcome ADB’s ‘Climate Bank’ shift
The Asian Development Bank (ADB) is redefining its role in the Asia-Pacific by branding itself as a “Climate Bank.” This initiative underscores its commitment to enhancing climate finance across the region. A key element of this strategy is the introduction of the...
New airline connects Australia, Palau amid service suspensions
As Papua New Guinea’s flag carrier Air Niugini suspends its service from Brisbane to Palau via Port Moresby starting May 1, 2024, travellers to the northern Pacific region are set to welcome a new non-stop flight option. The discontinuation of Air Niugini’s route,...
Global Victoria champions Pacific trade expansion at Melbourne roundtable
The recent roundtable hosted by Global Victoria in Melbourne (17 April) was a well-attended event that brought together prominent figures from the Australia-Pacific business community, highlighting the collaborative efforts to boost economic engagement in the Pacific...
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