When Fijian Prime Minister Voreqe Bainimarama opened the 2016 Fiji Tourism Expo(FTE) in Nadi last month, he restated his government’s vision as outlined in its draft Tourism Development Plan 2015-2020. “We’ve set a target of five years to achieve our vision of making Fiji tourism a $2 billion a year industry,” he told delegates at the conference. The goal may sound ambitious but if current trends in the industry is anything to go by, Fiji may just reach that target sooner than expected.
Melanesian Spearhead Group (MSG) Trade Ministers have approved the new MSG Trade Agreement (MSGTA) which now includes trade in services, labour mobility and cross-border investments.
This follows the successful conclusion of negotiations during the Ministers’ 5th trade meeting in Port Vila, Vanuatu on 25-26 May 2016.
Papua New Guinea Prime Minister Peter O’Neill says Oil Search’s 100% acquisition of InterOil will deliver tangible benefits for the country. The acquisition was agreed to by both the boards of Oil Search and InterOil.
O’Neill also highlighted the benefit of the execution of an MoU between Oil Search and Total for a back-to-back sale of Oil Search’s interest acquired to Total following the completion of the InterOil acquisition.
Calls for the resignation of Prime Minister Peter O’Neill have intensified in Papua New Guinea amidst growing concerns by the business community on the state of the PNG economy including the unavailability of foreign currency.
As this edition went to press, University of Papua New Guinea’s first semester has been suspended indefinitely and students sent home following the month-long protest during which they demanded O’Neill step down because of his running of the country.
Community financial self-reliance is the new focus of the Ok Tedi Development Foundation (OTDF) as it rolls out its new 2016 – 2020 Strategic Direction.
Through to 2020, OTDF’s programs and projects will focus on the theme: “Community financial self-reliance through socio-economic initiatives and improved infrastructure.”
Challenges continue in Papua New Guinea over fraud allegations surrounding Prime Minister Peter O’Neill involving the payment of about USD30 million to a local legal firm in 2014.
As this edition goes to press, investigations into the case has seen the arrests of three high profile government figures, the suspension of top anti-corruption officers and a strong split within the police hierarchy. A range of court challenges and hearings on the issue continue.
PNG Prime Minister Peter O’Neill has welcomed signs that the world’s largest oil producers and traders are working towards ending the production issues that saw world oil slump to the lowest level in many years in January.
“As an oil and gas producing nation, Papua New Guinea is significantly impacted when the oil price is very low – and in January the world price fell to below $US30. This week price is close to $US45,” O’Neill said in a statement on [...]
Buyer confidence in selling Fiji as an aspirational destination for business and leisure travel remains high, after Tourism Fiji closed registrations for international buyers and travel trade media for the third Fijian Tourism Expo (FTE) to be held in Denarau next month
Tourism Fiji said in a statement that the FTE 2016 has attracted over 160 international buyers and travel trade media and a number of them would be selling Fiji for the first time, specifically from long-haul markets which are [...]
Vision investment limited quotes over 103 million shares on SPSE, ending a four year listing drought.
Fiji’s South Pacific Stock Exchange (SPSE) ended a four-year listing drought when Vision Investment Ltd (VIL), successfully completed an Initial Public Offer and subsequently floated over 100million shares valued at $1.75 per share.
VIL is a fully locally owned company whose principal activities are the Courts Division (specializing in retailing electrical, home furnishing and electrical goods); the Vision Motors Division (associated with dealing in [...]
Lae Port is shaping up to be the South Pacific’s biggest industrial city says PNG’s Trade Minister, Richard Maru. Speaking to Business Melanesia Maru expressed confidence that the industrial city would soon eclipse other cities in the region.
Manorma Khan, Redbrick Laundry: WIB Fiji Business Woman of the Year
When Manorma Khan was growing up her school breaks were not a holiday but spent working at her father, Menon Chandra’s hardware shop. She took a stint at University but returned to work for her father for seven years during which he treated her like any other employee – providing day to day “grilling” and making her do routine administrative assignments and errands under tough deadlines. Norma chuckles as she thinks back now, describing the treatment as almost “dictatorship” and how she would wonder as to why as a daughter, she was being treated this way.
Hard work pays off for Haro
Julie Haro and her husband Alex oversee a growing empire in the Solomon Islands with interests in real estate, catering, telecom, logistics and recently venturing into the construction industry. Haro is at the helm of a successful and growing business, Premier Group of Companies, with outlets in all 10 provinces including Honiara.
Taumeasina Island Resort Island – perfect for your next conference
Flexible conference and business meeting facilities in the South Pacific isn’t an option a lot of resorts can offer but Taumeasina Island Resort saw it as a necessity when they planned their development. Now set for opening, Samoa’s newest luxury resort, Taumeasina Island Resort is the perfect location to host your next conference, incentive group or meeting. The resort boasts a total of three conference rooms, two business breakout areas for private or small groups, and a whole island for those looking for a more personalised experience. There is also a business centre available for hire that includes desks, computers, printers and other necessities. Every guest will have free access wi-fi internet no matter where you are standing on the island. All of these and more is only a 5-minute drive (4km) from the centre of Apia.
Metframe – made in Fiji and living the difference
Dedicated to the manufacture of steel framed housing, metal tubing and roofing iron, Metframe has become a trusted brand for their innovative and practical solutions. Conceived in 2011 and set up in 2012, the company’s dedication to stronger, safer and world class products tested to withstand changing weather patterns has played a pivotal role in their growth and popularity.
Taumeasina Island Resort set for launch – a great choice for business meetings and leisure
Taumeasina Island Resort is a new 4 and a half star luxury resort, set to open its doors on July 1, 2016. The resort is situated on an exclusive island located on the North Coast of Upolu just outside of Apia. The resort boasts 80 hotel suites, and a mix of two and three bedroom self-contained villas, less than 5 minute’s drive from the capital city of Samoa. The development of Taumeasina Island Resort has been spearheaded by Sir Kostas Constantinou OBE who has been developing and operating hotels in PNG and more recently in the Pacific Islands for over 30 years. Sir Kostas diversified his families PNG business interests by opening Airways Hotel in Port Moresby in 1985, which has recently been awarded the Best Airport Hotel in Australasia. Taumeasina Island Resort, is the only island resort in Apia, and is the first of its kind in Samoa. The island itself was reclaimed some 50 years ago, is approximately 60,000sqm or 14.8 acres, and is connected to the mainland via causeway. The resort has been designed by Australian architects Thompson Adsett and has been developed by the Lamana Group
Fiji’s Denarau Waters launches second stage
After selling-out it’s first stage in less than four months, the second residential stage of the new Denarau Island development, Denarau Waters, is now on sale. The developers say Stage 2 comprises 41 spacious waterfront lots which they expect to sell quickly. ' Prices begin from FJD $609k with each lot measuring 1000 square metres and commanding 20 metres of waterfrontage on the quiet, previously unsettled side of Denarau.
4 decades of sterling service to tourism industry and the Yasawas recognised
If you ask Manasa Ragigia, there is no other job or place he would rather be than the hospitality industry. His bubbly and infectious smile, carefree nature and genuine personality brightens every place he goes and every guest he meets, winning over hearts and friends who have become like family over the years. Likewise, returning guests who do not only return to experience the peace and serenity Yasawa Island Resort has to offer, but for a chance at meeting up with Ragigia again.
Victoria wines eyes region
Fijian wine distributor Victoria Wines is looking at expanding its presence in the Pacific. Managing director Liam Hindle told Business Melanesia the company was already exporting to a few smaller Pacific nations but will be using leverage it already has to go to the bigger Pacific markets.
Heritage Park the choice of royalty
Heritage Park Hotel sits beautifully on the water’s edge adjacent to the prime business district of Honiara. If you want the best accommodation in Honiara this must be your choice.
The President Speaks
His Excellency Major-General (ret’d) Jioji Konousi Konrote was elected by the Parliament of Fiji as the country’s President in October 2015. This interview was conducted on the eve of him being sworn in as the new President of the Republic of Fiji. Konrote talks about his life, military career, experience in politics, and the milestone of being the first non-iTaukei and first Rotuman to rise to the post.