In a step towards sustainable energy development in the Pacific, Pacific Trade Invest Australia has announced its support to Hydrogen Power Fiji, a subsidiary of HDF Energy, to support the development of the first green hydrogen power plant project in the region. The venture aims to bolster Fiji’s energy independence while reducing its trade deficit ..read more

French mining conglomerate Eramet has navigated a critical agreement with the French government to safeguard the operations of its subsidiary SLN (Societe le Nickel) in New Caledonia’s Northern Province, as outlined in a report by Gus Trompiz and Kanjyik Ghosh quoted in industry website Mining.com. This accord marks a pivotal moment for SLN, which has ..read more

Fiji and Papua New Guinea convened a pivotal meeting during the 2024 Melanesian Spearhead Group (MSG) Budget Foreign Ministers Meeting in Port Vila, Vanuatu recently, in a move toward bolstering economic cooperation,. The meeting, attended by Papua New Guinea’s Foreign Minister Justin Tkatchenko and Fiji’s Assistant Minister of Foreign Affairs, Lenora Qereqeretabua, underscored the burgeoning ..read more

The Vanuatu Private Sector Economic update for 2023 highlights several positive trends in Vanuatu’s economy despite the challenges posed by the pandemic. Most businesses successfully weathered the crisis, limiting permanent closures and unemployment. Since the reopening of borders, many businesses have experienced a robust recovery. Additionally, the country managed to avoid substantial debt accumulation during ..read more

The Samoan Cabinet has given the green light for Space X’s Starlink satellite services to operate within Samoa, albeit with restrictions specifically targeting educational and healthcare facilities. The official approval from the Cabinet, as clarified by the Regulator, Lematua Gisa Fuatai Purcell, is confined to projects within schools and health centres. This decision aligns with ..read more

In a step towards sustainable energy development in the Pacific, Pacific Trade Invest Australia has announced its support to Hydrogen Power Fiji, a subsidiary of HDF Energy, to support the development of the first green hydrogen power plant project in the region. The venture aims to bolster Fiji’s energy independence while reducing its trade deficit ..read more

Pacific Island Countries grapple with mounting obstacles in Correspondent Banking Relationships (CBR), as highlighted in the recent high-level event convened in Sydney. Policymakers, regulators, and industry stakeholders congregated to confront the complex issues hindering the islands’ access to international financial markets through CBRs. Correspondent banking serves as the conduit between banks, enabling cross-border transactions and ..read more

Two distinguished figures, former Tasmania Premier The Hon Peter Gutwein GAICD, and rugby league icon Malcolm Norman Meninga AM, are set to grace the 39th Australia Papua New Guinea Business Forum on the Gold Coast from May 13 to 15. Their attendance promises a convergence of expertise from the political and sporting arenas, offering unique ..read more

Papua New Guinea’s Minister for International Trade and Investment, Richard Maru, affirmed his country’s stance of the last decade to abstain from joining PACER Plus during his initial meeting with the new Australian High Commissioner to Papua New Guinea, John Feakes. Mr Maru conveyed that Papua New Guinea remains disinterested in PACER Plus due to ..read more

Papua New Guinea’s National Gold Corporation Bill 2022 is stirring significant concern within the country’s mining sector and the larger economy, as it threatens to establish a gold monopoly that could have disastrous consequences, warns the PNG Chamber of Resources and Energy (CORE). According to the chamber, the bill seeks to create a monopoly by ..read more