PINA

U.S. President Joe Biden, Russia's Vladimir Putin, China's Xi Jinping and other world leaders meet virtually on Friday for the Asia-Pacific trade group APEC, seeking collective actions to navigate the COVID-19 pandemic and its economic impacts. New Zealand, the revolving Asia-Pacific Economic Cooperation host, said this week it will chair the extraordinary meeting ahead of a formal gathering in November,...

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 GDP ratios. This week, Pacific Islands Forum Economic Ministers were preoccupied with the challenge of managing debt taken on as a result of COVID-19’s economic damage. They directed the Forum Secretariat to explore options such as...

It is difficult to prevent and control money laundering activities in the country as a range of techniques up to sophisticated ones are used, Papua New Guinea economist Paul Barker says. He said there were extensive international and domestic rules and oversight mechanisms to help prevent money laundering, but the task of prevention and control was very challenging. Money laundering involves...

By Euan Ward A controversial “golden passports” scheme run by the Pacific nation of Vanuatu saw more than 2,000 people, including a slew of disgraced businesspeople and individuals sought by police in countries all over the world, purchase citizenship in 2020 – and with it visa-free access to the EU and UK, the Guardian can reveal. Among those granted citizenship...

Flying Fijians head coach Vern Cotter is impressed with the work rate the team displayed last Saturday, plans are being mapped out strategy wise, raising the bar to another level as coach Cotter sets focus on a more competitive matchup tomorrow night. The Flying Fijians exceeded expectation when they took to the ground last weekend, considering a disjointed preparation heading...

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 disclose it had structured an option agreement weighted heavily in its favour, a royal commission was told on Thursday. The commission into the so-called UBS loan affair heard evidence from Dr George Oldfield, a derivatives expert...

As Fijians reel from news of 1,120 new infections, Fijian Prime Minister Voreqe Bainimarama maintains that adherence to the Health Ministry’s advice is the only way out. Bainimarama was asked by FBC News whether he is concerned with the increasing infections, even before the daily COVID-19 update was released. He said Fijians are still not taking personal responsibility. “The increase in numbers...

Indonesia's parliament has ratified a new autonomy law for Papua aimed at boosting development in its poorest region, sparking protests from activists who warned it would increase Jakarta's grip on the resource-rich area. The Papua special autonomy bill, which revised 20 articles from a pre-existing 2001 law, relates to Indonesia's easternmost provinces of Papua and West Papua, where a low-level...

Samoa caretaker Prime Minister Tuilaepa Dr Sailele Malielegaoi has filed a complaint against the leader of Fa’atuatua I le Atua Samoa ua Tasi (FAST) party over “drastic” allegations, Acting Police Commissioner, Papalii Monalisa Tiai-Keti has confirmed. Responding to questions from Samoa Observer, Papalii said the matter was filed last Friday, and is now in the hands of an internal task...

The Delta variant’s spread, along with increased social mobility and the inconsistent use of proven public health measures, is driving an increase in both case numbers and deaths, the head of the World Health Organisation (WHO) said on Wednesday. Tedros Adhanom Ghebreyesus described the recent data in an address to the Emergency Committee on COVID-19, established under the International Health...