PINA

Fiji’s financial system remains sound with total gross assets at $24.1billion (US$11.4 billion). The Reserve Bank of Fiji’s audited financial statements for the year ending 31 July, 2021 showed the bank recorded a net profit of $31.7million (US$15 million) for the 2020-2021 financial year, slightly higher than the $30.1m (US$14 million) in the preceding financial year. A statement from the bank...

By Sadhana Sen The release of Fiji poverty data desegregated by ethnicity and religion by the Fiji Bureau of Statistics in its 2019-20 Household Income and Expenditure Survey (HIES), resulted in the firing of its CEO last week. Kemueli Naiqama, was escorted from his office on 15 September. A Fiji government statement later that day said that the information published...

There are warnings that children born today can expect to live through up to 24 times more extreme weather events than their grandparents will have experienced, and there are dramatic predictions for those in the Pacific. The authors say their findings should serve as a catalyst to speed up international action on climate change. Researchers at the Vrije Universiteit Brussel in...

Papua New Guinea's leader says the United Nations must assess human rights in West Papua as has been called for by the Pacific Islands Forum. There have been concerns for many years about human rights abuses in West Papua perpetrated by Indonesian security forces. The Forum membership has been asking for a team of human rights specialists to be sent in,...

The East Asia and Pacific region’s recovery has been undermined by the spread of the COVID-19 Delta variant, prolonging the distress for firms and households, likely slowing economic growth and increasing inequality, the World Bank said on Monday. Economic activity began to slow down in the second quarter of 2021, and growth forecasts have been downgraded for most countries in...

The Asian Development Bank (ADB) has joined with the governments of New Zealand and Australia to help Solomon Islands overhaul its tax system to expand and secure the country's revenue base. The US$20.1 million, five-year Domestic Resource Mobilisation Project will restructure Solomon Islands' Inland Revenue Division (IRD), install a new tax administration information system, train and upskill staff, and deliver...

Eighteen months after the onset of the pandemic, tourism, the life blood of the economy, is still at a virtual standstill, trade flows are disrupted, and business activities are curtailed. As a result, the economy is expected to contract by a further 4.1 percent in 2021. The impact on livelihoods is severe and exacerbated by the frequent severe tropical...

The United Kingdom is a long way from the Pacific. But London is front and centre of moves to secure this region against the perceived China threat while Pacific Islands themselves complain they are sidelined. The AUKUS alliance has come as an unwelcome surprise to at least one Pacific leader. Kiribati President Taneti Maamau said he was not consulted. He has told...

The President of the Federated States of Micronesia (FSM), David Panuelo, has committed his island nation to the Global Methane Pledge; which seeks a 30 percent reduction from 2020 methane levels by 2030. In a letter to John Kerry, the U.S Special Presidential envoy for Climate, President Panuelo said “This ambitious goal, when coupled with mitigation of other short-lived climate...

The British High Commissioner to Fiji George Edgar received the Pacific youth demands for the upcoming COP26 climate summit during the Youth4Pacific: Pre-COP Gathering, which concluded on Friday. The two-day Youth4Pacific: Pre-COP Gathering, held virtually on 23 – 24 September 2021, had close to 610 young people from the Pacific and the Pasifika diaspora participating from 33 countries. There were six...