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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...
Investment lending sees gradual growth
Fiji’s investment activity is showing signs of improvement, with a 25.9 increase in new investment lending in 2024, according to recent data from the Reserve Bank of Fiji (RBF). This growth signals cautious optimism among businesses and investors, reflecting increased...
Low-cost air travel offers hope for Vanuatu’s recovery
Qantas subsidiary Jetstar has officially launched its new direct flight service from Sydney to Port Vila, Vanuatu, offering travellers a convenient and affordable connection to this picturesque Pacific Island nation. The service, which commenced operations in December...
Cook Is embarks on major construction projects
The Cook Islands has embarked on an ambitious series of construction projects aimed at modernising infrastructure and driving economic growth. These initiatives, announced in December 2024, focus on enhancing public services, supporting tourism, and improving...
New renewable energy deals for Solomon Is; Tonga
The Asian Development Bank (ADB) has entered into landmark agreements with the governments of Solomon Islands and Tonga to advance renewable energy projects in both nations. Announced in December 2024, these partnerships aim to promote sustainable energy solutions and...
Starlink approved to enhance Tonga’s internet access
Tonga has taken a major step toward bridging the digital divide with the approval of Starlink’s high-speed internet services. The Ministry of Meteorology, Energy, Information, Disaster Management, Environment, Climate Change, and Communications (MEIDECC) granted...
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