Monday, July 26, 2021

Fiji, the World Bank and debt

By Samantha Magick When Fiji’s Minister for Economy delivers his budget address this evening many eyes will be on figures around the country’s debt-to...

Tough task preventing ‘dirty cash: PNG Economist

It is difficult to prevent and control money laundering activities in the country as a range of techniques up to sophisticated ones are used,...

UBS made $81m in ‘excessive’ profits from PNG loan

UBS made $81 million (US$60 million) in excessive profits from an overly complex loan to Papua New Guinea, while the investment bank failed to...

Pacific Islands to seek debt relief as COVID-19 batters economies

Pacific Island countries will seek debt relief from their creditors as the spread of COVID-19 leaves some governments struggling to provide basic and essential...

Marshall Islands trials solar powered outboard engines

The testing of a solar powered outboard engine for a locally built catamaran in Majuro this week is part of a large-scale sustainable ocean...

Focused on the future to emerge stronger: Fiji Trade Minister

Fiji's Trade Minister Faiyaz Koya has outlined the importance of remaining focused on the future to emerge stronger while chairing the 2021 Pacific ACP...

Ex-bikie and missing property magnate among Australian names granted Vanuatu citizenship

A former Comanchero bikie and a missing property magnate owing hundreds of millions of dollars after his businesses collapsed are among Australians granted citizenship...

Pacific Island seasonal workers filling an ‘absolutely vital’ gap, horticulture sector says

One hundred and fifty seasonal workers have landed from Vanuatu, but New Zealand’s horticultural employers would happily take six times as many. The latest group...

Cook Islands Immigration approves revised policies to ease labour shortage

The Ministry of Foreign Affairs and Immigration rolled out changes to its immigration policies on Monday and backdated them to 01 July, in a...

BSP and Bank of PNG clash over alleged money laundering warning

The Bank South Pacific Financial Group Ltd (BSP) has always complied with its anti-money laundering and counter-terrorist financing (CTF) obligations in Papua New Guinea,...

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