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Pacific Business News is published for the pacific business community.
Commentaries and contributed articles published in this magazine are the views of their authors and do not neccesarily reflect the views of Pacific Business Review - our main role is to provide our readers in the Pacific region with a digest of business news in various sectors of Oceania.
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As we launch the first issue of Pacific Business Review, we do so at a time when the Pacific region is navigating profound economic shifts. Growth remains steady but fragile. The Asian Development Bank projects a regional expansion of 3.9 percent this year, easing to 3.5 percent in 2026, underscoring both resilience and the limits of current capacity. Inflationary pressures, supply chain disruptions, and heightened climate risks continue to challenge policymakers and businesses alike.
At the regional level, the Pacific Roadmap for Economic Development 2025–2030 provides a framework for charting a more inclusive and sustainable path. With priorities spanning governance, private sector growth, labor mobility, and digital transformation, the roadmap reflects both ambition and collective determination. Its impact, however, will depend on effective execution and sustained cooperation across governments and institutions.
Resource industries remain central to many economies, yet the Fraser Institute’s 2024 global survey reveals persistent barriers to investment in the Pacific. While Fiji has improved its standing, other jurisdictions, including Papua New Guinea and the Solomon Islands, continue to face investor concerns tied to governance, infrastructure, and regulatory clarity. The lesson is clear: natural endowment must be matched with strong institutions to attract and retain capital.
At the same time, digital advances are opening new opportunities. Fiji’s nationwide 5G rollout and the Oceania Customs Organisation’s participation in the Pacific E-commerce Alliance signal a determination to integrate with the global digital economy. For island nations, connectivity is not a luxury but a necessity—critical for trade, services, and inclusive development.
Moving forward, we at Pacific Business Review hope to bring you the latest of these economic shifts and all the Pacific Islands’ key issues and stories, as we seek to become your partner in showcasing the best that the Melanesia region and the whole of the pacific have to offer – just as we have already done in Papua New Guinea through our sister magazine PNG Business News.
Construction works underway at the Tina River Hydropower Project site in Honiara, Solomon Islands. Once complete, the project will cut the capital’s reliance on imported diesel by more than 65 percent.
Photo credit: Tina River Hydropower Project
Pacific Nations Launch Ambitious Economic Roadmap for 2025–2030
Pacific Island leaders have formally launched the Pacific Roadmap for Economic Development (PRED) 2025–2030, marking a new chapter in regional cooperation focused on inclusive growth, sustainable finance and economic resilience.
The announcement was made during the 2025 Forum Economic Ministers Meeting (FEMM) held in Suva, Fiji, where ministers from across the Blue Pacific endorsed the comprehensive strategy aimed at steering the region through mounting global economic, climate and geopolitical pressures.
Forum Secretary General Baron Waqa, in his welcome address on 24 July 2025, confirmed that PRED is now “officially under implementation,” adding that it is designed not merely as a technical framework but as a “model for the development of similar implementation plans” under the broader 2050 Strategy for the Blue Pacific Continent.
“PRED is now officially under implementation, and we shall have a formal launching of the PRED document during this meeting,” Waqa said.
The PRED outlines six key focus areas: economic management and public finance; private sector development and MSMEs; trade and investment; the digital economy; labour mobility and remittances; and inclusive economic development.
The roadmap had been developed through broad consultation with Member States, civil society, the private sector, and development partners. The framework will support both national and regional development goals, which is part of a regional architecture for economic development and resilience.
The roadmap aligns with the implementation of the Pacific Resilience Facility and the Climate Finance Access and Mobilisation Strategy, two other regionally endorsed tools intended to boost sustainable finance and disaster readiness.
Forum leaders say the roadmap offers a practical framework to strengthen institutional capacity, unlock financing, reduce trade barriers, and promote inclusive growth—particularly for women, young people, and communities in rural and outer islands.
Tongan Prime Minister and Finance Minister Dr Aisake Valu Eke, who chaired this year’s FEMM, said PRED
represents a vital regional instrument for shared progress.
“The need for working together, amidst the increasing global uncertainties confronting our region is critical and cannot be overstated,” Eke said during the official opening of FEMM on 24 July 2025.
Eke had also endorsed the roadmap during a special FEMM held earlier in 2025, stating that it would help drive strategic cooperation across sectors such as finance, gender equity and climate action.
“I urge our Forum Economic Ministers and Forum Women Leaders to embrace this opportunity as a good example of regional cooperation,” he said.
The roadmap comes at a time of mounting fiscal and environmental pressure across the region. Pacific economies continue to grapple with supply chain disruptions, constrained public finances, inflationary shocks and heightened climate vulnerability.
A key challenge remains implementation. While PRED offers a well-articulated framework, Forum officials acknowledged the need for financing and institutional support. Secretary General Waqa noted that the Forum Secretariat will play a central role in coordinating progress reports, policy monitoring, and mobilising technical assistance.
The Secretariat said it would begin wo rk immediately to establish a PRED monitoring framework and annual
reporting mechanism. Each thematic area will be supported by tailored implementation plans developed in collaboration with Member States and regional agencies.
The launch of PRED 2025–2030 complements ongoing regional initiatives such as the 2050 Strategy, the Pacific Aid for Trade Strategy, and the Pacific Digital Economy Programme, with officials stressing that the roadmap is not intended to duplicate existing plans but to integrate them into a unified, resultsoriented approach.
While the PRED is now active, Forum leaders agree that the real work begins with its execution—and ensuring that the plan does not remain just another regional document, but becomes a tool for lasting and inclusive change. PBR
Pacific Growth Holds Steady in 2025, Slows Slightly in 2026 — ADB
Economic growth in Pacific island nations is expected to hold steady this year but slow slightly in 2026, according to the Asian Development Bank’s latest Asian Development Outlook (ADO) released 23 July, 2025.
The ADB maintained its 2025 growth projection for the Pacific at 3.9 percent, while the 2026 forecast has been adjusted downward to 3.5 percent. The moderation reflects persistent challenges across the subregion, including limited capacity to scale up tourism, constraints in implementing public infrastructure, vulnerability to disasters, fiscal pressures and a high risk of debt distress.
The outlook is heavily influenced by Papua New Guinea and Fiji, the Pacific’s two largest economies. Growth forecasts for both countries remain unchanged.
Inflation across the Pacific is expected to average 3.4 percent in 2025 and 3.7 percent in 2026, broadly in line with international commodity price trends. However, the regional average conceals diverging movements among smaller island states.
In FY2025, inflation is projected to be lower in Samoa, while Palau and the Marshall Islands are expected to see higher inflation due to domestic price trends. For FY2026, inflation is forecast to rise in Palau, while Samoa and the Marshall Islands may see lower rates.
ADB cautioned that volatile fuel prices, geopolitical tensions and supply chain disruptions remain key risks that could complicate inflation management across the Pacific.
The Pacific’s growth outlook contrasts with broader trends across developing Asia, where the ADB has cut regional growth forecasts due to rising global trade tensions, U.S. tariffs and weakening demand from major economies such as China and India.
Still, the ADB urged governments across Asia and the Pacific to strengthen economic fundamentals and support open trade to drive long-term investment and employment.
Founded in 1966, ADB works across Asia and the Pacific to support inclusive, resilient and sustainable development. It is owned by 69 members, including 50 from the region. PBR
Oceania Customs Organisation Joins Pacific E-commerce Alliance as Digital Trade Surges
The Oceania Customs Organisation (OCO), representing 24 Pacific Island Customs administrations, has joined the Pacific E-commerce Alliance, as global digital trade reaches unprecedented levels. The partnership— approved during OCO’s annual conference in Guam—brings crucial Customs expertise to the alliance, which was coordinated by the Pacific Islands Forum Secretariat.
“This partnership represents a critical step forward in our collective efforts to harness the potential of digital trade for Pacific communities,” said Zarak Khan, director of Programme and Initiatives at the Pacific Islands Forum Secretariat. “OCO’s expertise in Customs modernisation will be invaluable as we work to create opportunities for Pacific businesses in the global digital marketplace.”
Established in July 2023, the alliance now comprises six partners: the Commonwealth Secretariat, Pacific Islands Forum Secretariat, Pacific Tourism Organisation, UN Economic and Social Commission for Asia and the Pacific, UN Conference on Trade and Development (UNCTAD), and OCO. Global e-commerce sales are projected to reach US$6.56 trillion in 2025, with over 3 billion digital buyers worldwide (eMarketer, 2025).
“The dramatic increase in small-parcel shipments through e-commerce has created detection challenges that our traditional systems weren’t designed to address,” said Udit Singh, chief executive officer of the Fiji Revenue and Customs Service and current OCO Steering Committee Chairperson. “We must develop tailored risk management approaches for this new commerce landscape.”
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The Asia-Pacific region is the fastest-growing e-commerce market globally, with countries such as the Philippines and India showing growth rates exceeding 20 percent (UNCTAD, 2025). While many Pacific Customs administrations continue to operate outdated systems, there has been notable progress.
For example, Vanuatu has developed one of the world’s most advanced electronic single window systems, achieving several global firsts—including the first passenger module created in the Automated Systems for Customs Data (ASYCUDA) and the first direct online payment between a bank and Customs in the Pacific. The system reduced cargo clearance time from three days to less than one.
“Joining the Pacific E-commerce Alliance strengthens our ability to support member countries in adapting to the digital trade environment,” said Nancy T. Oraka, head of Secretariat for OCO. “Through this partnership, we can develop regional solutions that work for economies of all sizes.”
Eight OCO members have implemented components of a regional single window system, reducing average clearing times by 37 percent. This progress is timely, as global online sales are expected to reach US$7 trillion by 2027 (eMarketer, 2025). For Pacific Island nations, this growth presents both opportunities and challenges—countries must invest in digital infrastructure while improving access to global markets.
To help meet these goals, the alliance operates under the Pacific E-commerce Initiative, which aims to create a “transformative Blue Pacific economy where all businesses and consumers actively engage in domestic and crossborder electronic commerce.” This initiative is guided by the Pacific Regional E-commerce Strategy and Roadmap, endorsed by Forum Trade Ministers in 2021, which provides a coordinated framework for strengthening digital trade across the region.
“By joining the Pacific E-commerce Alliance, we strengthen our unity of purpose and willingness to support one another,” Singh said. “We understand our collective voice is stronger than our individual ones.”
Looking ahead, OCO’s future initiatives will focus on advancing digital transformation across its membership, with a strong emphasis on adopting new technologies and tools adapted to Pacific contexts. PBR
BOOSTING WOMEN’S WORKFORCE
PARTICIPATION KEY TO ECONOMIC RESILIENCE IN THE PACIFIC - WORLD BANK
Economic growth is slowing across the Pacific as countries face weak global conditions, natural hazards, and climaterelated shocks. The World Bank’s flagship Pacific Economic Update projects regional growth to decline to 2.6 percent in 2025, down from 5.5 percent in 2023.
This slowdown coincides with the fading of post-COVID recovery, weakening tourism in some countries, and rising global policy uncertainty.
Inflation is easing but remains above pre-pandemic levels— keeping the cost of living stubbornly high. Moreover, the region’s dependence on external aid, remittances and imported goods may leave many economies vulnerable to external shocks.
Aggregate growth among tourism- and remittance-led countries such as Samoa, Tonga, Palau and Vanuatu is expected to halve from 2024 to 2025. In Solomon Islands—the second-largest economy among the 11 Pacific Island Countries covered in the update—growth has hovered around 2.5 percent, constrained by
structural challenges including declining logging revenues and limited economic diversification.
Inflation is projected to fall to 3.6 percent in 2025, down from a peak of 7.4 percent in 2023, but elevated prices continue to strain household budgets. Many Pacific economies remain highly exposed to natural disasters, climate shocks and external funding volatility, with foreign government grants comprising nearly 40 percent of gross national income in some countries.
Amid these challenges, the report identifies a major opportunity to boost long-term resilience and growth: increasing women’s participation in the workforce. On average, only 42.7 percent of working-age women are active in Pacific labour markets—more than 15 percentage points lower than male participation. Closing this gap could raise long-term GDP per capita by over 20 percent on average across the region.
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“While Pacific nations can’t control global shocks, there is an opportunity to build stronger domestic foundations. Real economic resilience will come from addressing these longstanding challenges through structural reforms,” said Ekaterine Vashakmadze, senior economist at the World Bank.
“Engaging more women in work is one of the highest-impact reforms Pacific governments can pursue,” Vashakmadze added. The report shows that in many Pacific countries, the lack of paid leave, childcare, and protections in the workplace keeps women out of work. Social norms often confine women to low-paid jobs and, even with higher levels of education, women remain underrepresented in high-demand sectors such as technology and engineering.
The Pacific Economic Update released in mid-July 2025 highlights that more inclusive labour markets can deliver broad-based benefits. Approximately half a million working-age Pacific women are currently outside the labour force and remain nearly invisible in many subsectors. Closing these gaps could significantly increase household incomes, support private sector development, and strengthen long-term fiscal sustainability.
For Part Two, the update emphasises the urgent need to boost women’s participation in the Pacific energy sector, where they hold just 5 percent of technical roles—positions that are well paid and central to the region’s energy transition. Building on the World Bank’s Pacific Women in Power programme with the Pacific Power Association, the report outlines steps to close these gaps, such as improving workplace safety, supporting families, and partnering with educators to empower both women and men for workforce entry.
“Utilities across the Pacific are stepping up—not just because it’s the right thing to do, but because a stronger, more resilient energy sector depends on it,” said Helle Buchhave, senior social development specialist at the World Bank.
The Pacific Economic Update is published twice yearly and covers 11 countries: the Federated States of Micronesia, Fiji, Kiribati, the Republic of the Marshall Islands, Nauru, Palau, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.
It aims to inform business leaders, citizens, international partners and policymakers about economic trends and key development issues in eleven Pacific Island countries. PBR
FIJI, TONGA REAFFIRM DEEP-ROOTED TIES IN HIGH-LEVEL COURTESY CALL
Fiji and Tonga reaffirmed their long-standing friendship and shared regional aspirations during a high-level courtesy call by His Majesty King Tupou VI on the President of the Republic of Fiji, Ratu Naiqama Lalabalavu.
The meeting, held in Suva, underscored the enduring partnership between the two Pacific Island nations, with both leaders expressing strong commitment to regionalism, climate action, and economic cooperation.
President Lalabalavu extended warm congratulations to Tonga for hosting the 4th Pacific Week of Agriculture and Forestry
in Nukuʻalofa earlier this year, highlighting the sector’s importance to food security and sustainable livelihoods.
“Agriculture is a key pillar of food security and employment creation for future generations across the Pacific,” he said. “Tonga’s leadership in this space reflects its strong commitment to resilience and sustainable development.”
The Fijian President also lauded Tonga’s progress in digital transformation, citing the TongaPass system and the Digital Public Good for Identity Initiative as critical to inclusive service delivery.
On climate change, President Lalabalavu praised Tonga’s proactive stance, including efforts in community dialogue,
land reform, and local-level risk monitoring. “These efforts demonstrate the Kingdom’s strong climate leadership and contribute meaningfully to our shared regional aspirations under the 2050 Strategy for the Blue Pacific Continent,” he said.
Reflecting on the Fiji-Tonga Business Mission in May 2025, led by Deputy Prime Minister Manoa Kamikamica, President Lalabalavu described it as a “revival of Pacific regionalism” and a practical response to common economic challenges such as high transport costs and vulnerable supply chains.
He expressed optimism that increased trade and investment between the two countries would open new opportunities in agriculture, fisheries, tourism, manufacturing, and digital services. Cooperation between the two nations also extends to public administration and training, with President Lalabalavu highlighting the successful graduation of four Tongan correctional trainees in Fiji. He also recognised the recent presentation of credentials by Fiji’s Roving Ambassador to the Pacific, Ratu William Toganivalu, to King Tupou VI as a reaffirmation of diplomatic ties.
“The Roving Ambassador stands ready to respond to your calls at any time of need and to progress mutual areas of development cooperation,” the President said.
The Fiji Volunteer Scheme was also spotlighted as a mechanism through which Fijian professionals can support Tonga’s national development priorities in health, policing, and education.
President Lalabalavu expressed appreciation for Tonga’s formal interest in establishing a diplomatic presence in Suva. “It is with great honour that I welcome this initiative. Our teams will work
together to explore suitable options to bring this vision to life,” he said.
On wider regional issues, the President called for renewed unity in confronting what he described as a “poly-crisis” threatening development gains—including climate disruption, economic distress, and transnational crime.
“Now more than ever, regionalism and solidarity must guide our response,” he urged.
Looking ahead to the Pacific Islands Forum Leaders Meeting in Honiara this September, he expressed confidence in the collective will of Pacific nations to adopt the Ocean of Peace Declaration, aligning with the shared vision of a resilient and united Blue Pacific.
In his response, His Majesty King Tupou VI paid tribute to the historic and cultural ties between Tonga and Fiji, describing the visit as a “celebration of kinship, mutual respect, and Pacific solidarity.”
“I am deeply honoured by the traditional ceremony of welcome and State Honours bestowed today, which is a reaffirmation of our enduring friendship,” he said.
The King noted the strong potential for deepened collaboration in trade, education, and capacity-building.
“Our cooperation continues to deliver meaningful results for our people. We look forward to expanding these efforts in the spirit of unity, shared prosperity, and the Pacific Way,” His Majesty added. PBR
NEW CALEDONIA RAMPS UP CLIMATE ACTION AS EFFECTS INTENSIFY
The New Caledonian government is intensifying efforts to adapt to climate change as the Pacific territory experiences increasingly severe impacts, from rising sea levels and wildfires to extreme heat and flooding.
Climate scientists have confirmed that 2024 was the hottest year on record, and with global temperatures having already risen over 1.3 Degree Celsius in New Caledonia over the past 50 years, local authorities are acting urgently. The Intergovernmental Panel on Climate Change (IPCC) recently declared that the Paris Agreement’s goal of limiting global warming to 1.5 Degree Celsius is now out of reach.
“These alarming signals encourage us to redouble our efforts to combat these changes, which threaten our lifestyles, our ecosystems, and our economy,” the New Caledonian government said in a statement.
In response, New Caledonia has adopted a comprehensive Climate Change Strategy, officially approved by Congress on 29 April 2025. The strategy is the result of an inclusive process launched in 2024, involving more than 110 experts and over 2,700 public contributions. It outlines adaptation priorities across five sectors: agriculture and food transition, infrastructure and buildings, territorial planning and development, ecosystem preservation, and daily life.
To sustain the momentum, the government—together with the University of New Caledonia (UNC)—will host the second edition of the Caledonian Climate Change Forum this year. The inaugural forum in April 2024 drew more than 400 participants at the Origin Cinema in Dumbéa.
“The government is implementing the New Caledonian Climate Change Strategy, which has just been passed by Congress,” said Jérémie Katidjo Monnier. “It is essential that all stakeholders be able to share their experiences and projects, and that we find ways together to deploy this strategy across the country.
Monnier said that the success of this strategy depends in particular on all stakeholders sharing the most recent data in order to adapt their initiatives.
This year’s forum will feature roundtable discussions led by institutional officials, scientists, business representatives and community actors. Afternoon sessions will include focused mini-seminars on research, nature-based adaptation, sustainable agriculture, water management, and youth engagement.
“This forum is, of course, open to all Caledonians who have questions about climate change. They will be able to get answers from experts and stakeholders who work on this issue on a daily basis,” added the government official.
A youth-focused platform will also allow young Caledonians to express their views directly to decision-makers. Alongside the sessions, a “village” of exhibitions and stands will showcase local associations and organisations working on practical climate adaptation initiatives.
The government’s commitment reflects a growing consensus in the region that climate adaptation is no longer optional but essential. As the Pacific faces rising environmental threats, New Caledonia hopes its strategy and inclusive approach will serve as a model for island resilience. PBR
Jérémie Katidjo-Monnier, joined by UNC President Catherine Ris and Météo-France Director Frédéric Atger, announced the second Caledonian Climate Change Forum, set for Tuesday, 22 July at the University of New Caledonia.
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Update on Coral Sea Hotels
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US SLASHES TARIFFS ON FIJIAN EXPORTS TO 15%, FIJI HAILS BREAKTHROUGH IN TRADE TALKS
The Ministry of Trade, Co-operatives, Micro, Small and Medium Enterprises (MSMEs) and Communications welcomes the United States’ decision to reduce the reciprocal tariff on Fijianorigin exports from 32 percent to 15 percent.
This development follows sustained and principled engagement by Fiji with the Office of the United States Trade Representative (USTR), aimed at protecting market access for Fijian goods.
“This is a strong signal that early and principled engagement works. We made our case clearly and the US has responded positively,” said Manoa Kamikamica, Deputy Prime Minister and Minister for Trade, Co-operatives, MSMEs and Communications.
“This reduction offers welcome relief to our exporters and helps preserve their competitiveness in the US market.”
The reduced tariff rate will take effect from 8 August 2025, applying to all goods of Fijian origin unless excluded under specific provisions.
“The 15 percent tariff is not the end of the journey. As referred to in the Executive Order of 1 August 2025, Fiji is designated as a country in ongoing negotiations with the United States,” said DPM Kamikamica.
“We remain committed to advancing these discussions in good faith. Our ultimate goal is to significantly reduce the 15 percent tariff and explore all available avenues to ensure improved and sustained market access for Fijian exports,” he added.
Fiji’s case, as is the case for other Pacific Island countries, is grounded in compelling facts and economic reason:
• Fiji accounts for less than 0.0001 percent of total US imports, posing no discernible threat to US industry
Our exports are largely small-scale, niche, noncompeting and seasonal, often complementing rather than substituting US production
• Fiji’s weighted average tariff on US goods is around 1.8 percent, with over 60 percent of tariff lines already set at zero
These facts reinforce Fiji’s position that the application of additional tariffs on Fijian goods warrants careful
reconsideration in light of our trade profile and longstanding cooperation.
Fiji’s proactive and constructive approach has not only advanced its national interests but has also delivered broader regional
gains. The United States has confirmed that the uniform 15 percent tariff rate now applies to a number of Pacific Island countries, many of which were previously subject to higher rates, as a direct result of Fiji’s persistent advocacy on behalf of the region.
DPM Kamikamica added, “This outcome affirms our approach to meaningful negotiations that deliver concrete benefits for our exporters. It is also a positive step in deepening our bilateral trade ties with the US.”
Technical discussions with USTR are ongoing, particularly on the development of a proposed “Zero List” — a list of Fijian exports that may qualify for 0 percent tariffs. This list will focus on products not produced in the US, offering a competitive edge for Fijian exporters.
Fiji remains committed to securing even better outcomes for its exporters and ensuring that Fijian products are competitive, visible and accessible in the US market. PBR
FIJI AND NEW ZEALAND DEEPEN BORDER SECURITY AND IMMIGRATION COOPERATION
Filji Minister for Immigration Viliame Naupoto met with New Zealand’s Minister for Customs Casey Costello in Suva as part of the overall effort by both countries to enhance bilateral cooperation, particularly in the areas of border and regional security.
During their discussions, Naupoto and Costello exchanged views on strengthening collaboration to combat transnational crimes including drug and human trafficking, as well as the need to improve mechanisms for real-time data sharing and coordinated border intelligence. The ministers also highlighted the importance of a united regional response to growing threats such as cybercrime and irregular migration.
Naupoto expressed Fiji’s interest in enabling ePassport access through New Zealand’s SmartGate system—similar to the arrangement already in place with Australia—which would streamline the travel experience for Fijian passport holders and support more efficient border control processes.
For her part, Costello reaffirmed New Zealand’s commitment to deepening cooperation with Fiji, acknowledging Fiji’s central role in Pacific border security.
“Fiji is not only a close friend but also a critical partner in our shared efforts to safeguard the Pacific. We are committed to
enhancing our joint capabilities to detect and prevent illegal activities while at the same time making legitimate travel more efficient for our people,” she said.
She further noted that improved information exchange and the sharing of best practices between agencies would be key to lifting both nations’ ability to respond swiftly and effectively to evolving border challenges.
“This visit reaffirms our shared values, mutual trust and the importance of working together as Pacific partners,” she said. PBR
FIJI CHARTS DIGITAL FUTURE WITH NATIONWIDE 5G ROLLOUT
Fiji’s digital journey is set to accelerate as the government launches a phased rollout of 5G technology, starting this year in the nation’s busiest cities before extending to rural and maritime communities.
Deputy Prime Minister and Minister for Communications Manoa Kamikamica unveiled the Cabinet-endorsed 5G Spectrum Assignment and Rollout Strategy in Parliament, vowing that no Fijian will be left behind in the push for faster and more reliable mobile internet.
“The 5G structure requires infrastructure. This means fibre backhaul, three-phase power and modernised core networks,” he said. “In areas where 5G is not feasible yet, we’re prioritising infrastructure upgrades so every Fijian, regardless of location, has access to meaningful internet.”
The strategy will unfold in three phases over four years. Phase One (2025–2026) will focus on economic and tourism hubs— Suva, Nadi, Lautoka and Denarau—ensuring that businesses, emergency services and tourism operators can immediately access high-speed 5G networks. Phase Two (2026–2027) will extend coverage to Nasinu, Lami, Labasa and Savusavu, with an emphasis on supporting development in the Northern Division. By 2028, Nausori, Sigatoka, Navua, Ba, Tavua, Rakiraki, Korovou and Taveuni are expected to come online, with targeted investment to strengthen connectivity on Taveuni.
Operators licensed to deliver 5G will pay a base price of $2.92 million per 100 MHz block, but the government has adopted a commitment-based pricing model to encourage broader coverage. Companies rolling out services in remote and underserved areas between 2025 and 2028 will qualify for a coverage-based discount. Flexible payment terms allow 60 percent of the cost—after discounts—to be paid upfront, with the remainder spread over time. Performance-based incentives are also on the table.
Revenue from the spectrum assignment will be channelled into public services and digital equity: 50 percent to the Government Consolidated Fund, 30 percent to the Universal Service
Obligation Fund to improve access in remote areas, and 20 percent to the Telecommunications Development Trust Fund to grow Fiji’s digital economy.
“This plan is not just about speed. It’s about making sure our farmers, our students, our health centres and our remote island communities can all benefit from the same opportunities,” Mr Kamikamica said.
The 5G rollout is expected to transform sectors from e-health to remote education. Faster, more reliable connections will enable telemedicine, real-time virtual classrooms, smart logistics and Internet of Things deployments in agriculture and utilities. Businesses across Fiji stand to modernise operations, expand market reach and deliver digital services at scale.
Still, challenges remain. Infrastructure upgrades demand significant investment in towers, small cells and backhaul connectivity. Policymakers must balance rollout speed with affordability and coverage while addressing technical concerns such as electromagnetic safety and signal interference. Digital literacy programmes may also be needed to help households and enterprises make the most of the new technology.
By giving the green light to 5G, Fiji is signalling its intent to embrace the next generation of telecommunications infrastructure, positioning itself as a technology leader in the Pacific. As the first connections go live in 2025, the nation’s path to becoming a fully connected digital society will begin—one tower, one town and one village at a time. PBR
FIJI COURTS KIWI INVESTMENT IN AGRICULTURE, TOURISM, AND COLD CHAIN LOGISTICS
Fiji is opening its doors to new investments, calling on New Zealand businesses to partner in building the country’s cold chain logistics and expanding into value-added agriculture and eco-tourism.
Speaking at the Fiji Business Mission hosted by the New Zealand Fiji Business Council in Lami, Deputy Prime Minister and Minister for Trade, Co-operatives, Micro, Small and Medium Enterprises and Communications Manoa Kamikamica made a compelling case for New Zealand firms to fill key gaps in Fiji’s supply and value chains.
“You can also explore joint ventures in processing cassava, pineapples, and breadfruit—turning them into frozen, dried, or pureed forms for export to New Zealand or international supermarkets and foodservice suppliers,” Kamikamica stated. He said Fiji needed greater investment in cold storage infrastructure—particularly chillers, packhouses, and temperature-controlled logistics—to maintain freshness and quality from farm to port.
“We would also welcome the development of contract farming or outgrower models—where NZ buyers work directly with Fijian farmers to meet specific quantity and quality standards. This is already being done with ginger exports. We’re also seeing this model work with cassava and taro. So if you’re in food processing, agritech, or logistics—Fiji is ready.”
The deputy prime minister urged Kiwi investors to tap into Fiji’s growing eco-tourism and adventure travel sector, partnering with landowning communities to develop sustainable, locally owned tourism experiences.
“In Savusavu and Natewa Bay, we already have successful community-based marine conservation areas that would be ideal for ecotourism ventures—with locals ready to co-invest land and labour,” he said.
“Then there’s the rising global demand for sports tourism, surfing, and adventure-based travel. Places like Cloudbreak, one of the world’s premier surf breaks, attract elite surfers—but we need better support infrastructure: surf camps, board rental operations, wellness facilities. We’re also seeing potential for trail running, mountain biking, and even kite surfing in places like Pacific Harbour and Levuka. These are opportunities that go beyond hotel beds,” he said.
Highlighting Fiji’s ongoing business reforms, Kamikamica said the government was working to create an investorfriendly environment that prioritises trust, transparency, and responsiveness.
“We know from experience that attracting investment isn’t just about incentives. It’s about credibility, consistency, and the confidence that investors feel when they set foot in our country.”
The mission brought together Fijian government representatives, business leaders, and visiting New Zealand firms interested in deepening commercial ties across agriculture, trade, tourism, and renewable energy sectors.
With a renewed focus on inclusive economic growth and climate-resilient development, Kamikamica’s remarks underscored Fiji’s ambition to become a regional hub for innovation, value-added exports, and sustainable tourism. PBR
MARAPE, LUXON HAIL ‘HISTORIC AND DEFINING’ VISIT AS PNG–NZ TIES ENTER NEW ERA
Prime Minister James Marape has described the official visit of New Zealand Prime Minister Christopher Luxon as a “historic and defining moment” in bilateral relations, reaffirming a shared commitment to peace, prosperity and Pacific solidarity.
The visit, from 4 to 6 August, marked a milestone in Papua New Guinea’s diplomatic history as Mr Luxon became the first New Zealand leader — and only the second foreign leader after Australia’s Anthony Albanese in 2023 — to address the National Parliament.
Welcoming his counterpart and delegation to Parliament House in Waigani, Marape called the visit a “powerful reaffirmation of a friendship rooted in integrity, trust and shared Pacific values.”
“This day, we do not just welcome a neighbour — we welcome a family member,” he said. “New Zealand stood with us in 1975 when we gained Independence and has walked alongside us for the last 50 years. This visit renews that vow of partnership and positions us to move forward together for the next 50 years.”
A friendship forged in shared history
Marape paid tribute to New Zealand’s role in PNG’s nationbuilding — from helping form the civil service, health and education systems to its peace-building role during the Bougainville Crisis and support after the 2001 Bougainville Peace Agreement.
This year, the two countries launched the Papua New Guinea–New Zealand Statement of Partnership 2025–2029, a strategic framework built on five pillars: political and regional collaboration; economic and trade engagement; education and labour mobility; peace and security, particularly in Bougainville; and climate action and environmental resilience.
“This partnership is not built on aid or handouts,” Marape said. “It is built on mutual respect and a shared vision for transforming lives, uplifting communities and creating opportunity for the next generation.”
Delivering on shared ambitions
Bilateral talks between the leaders focused on initiatives aligned with PNG’s 50-year development vision, including:
• Expanding New Zealand’s Recognised Seasonal Employer (RSE) scheme to take in over 10,000 Papua New Guinean workers, with skilled labour pathways.
• Increasing New Zealand business investment in agriculture, infrastructure and energy in PNG.
• Boosting vocational training and youth employment.
Supporting peaceful dialogue and implementation of the Melanesian Agreement on Bougainville.
Scaling up climate resilience projects and renewable energy cooperation.
Thousands of New Zealanders currently live and work in PNG, while a growing Papua New Guinean diaspora contributes to New Zealand’s communities and economy. Marape said such people-to-people ties strengthened both nations.
“In a world of turbulence, we seek friends who lead not through might, but through right — and New Zealand is such a friend,” he said, underscoring the two nations’ role in the 2050 Strategy for the Blue Pacific Continent. “We are committed to stand together — to protect our oceans, defend our democracies and ensure no Pacific child is left behind.”
Bougainville peace: NZ’s enduring role
Luxon’s visit came just weeks after the Burnham Consultations in Canterbury, hosted by New Zealand and moderated by former governor-general Jerry Mateparae, with United Nations support. The talks advanced post-referendum dialogue between the Autonomous Bougainville Government and the PNG Government.
New Zealand, a signatory witness to the Bougainville Peace Agreement, has been a consistent peace partner since hosting the first Burnham talks in 1997, facilitating neutral dialogue and deploying an unarmed Truce Monitoring Group.
In June, both sides agreed to present the 2019 referendum results — alongside the moderator’s report and bipartisan committee findings — to the PNG Parliament, a step towards deciding Bougainville’s political future.
“New Zealand’s role as a neutral facilitator and peace partner remains indispensable,” Marape said. “Their commitment at Burnham reaffirms our shared dedication to a lasting, homegrown solution.”
A golden season of diplomacy
The Luxon visit opens a historic sequence of engagements as PNG celebrates its 50th Independence Anniversary
In early September, the country will host UN Secretary-General António Guterres for a four-day visit — the first by a UN chief in PNG’s history, and the longest stay anywhere in the Pacific. He will address Parliament before the anniversary celebrations on 16 September, which are expected to draw leaders from across the Pacific and beyond.
“This marks a historic moment that recognises PNG’s growing role in regional peace, climate action and sustainable development,” Marape said.
The Prime Minister has called on citizens to embrace the anniversary year with unity: “We are privileged to live during this milestone year. Let us come together with one heart, one mind, one nation.”
SME growth and trade opportunities
The New Zealand Prime Minister also attended the New Zealand Economic Support Morning Tea on 6 August, where International Trade and Investment Minister Richard Maru thanked Wellington for its support of PNG’s small and medium-sized enterprises.
Through the Business Link Pacific (BLP) programme, New Zealand provides PNG businesses — particularly womenowned and rural enterprises — with advisory services, concessional loans and grants.
Maru noted that New Zealand had also funded major market upgrades in Gordons, Kimbe and Lae, which he said directly support informal vendors and SME operators. “Markets are where most of our SMEs and mothers from the informal sector sell their products,” he said. “We want this to be replicated in the rest of the provinces and districts in the country to support our mothers and sisters.”
He outlined the PNG Government’s own commitment, which includes over K100 million annually for SME loans and new grant funding for the Women’s Microbank (Mama Bank). He also announced a National Executive Council decision to offer competitive K100,000 grants to help SMEs export to overseas markets.
Mr Maru proposed anchoring the PNG–NZ relationship in a Comprehensive Economic Partnership Agreement to support SME growth, entrepreneurship and trade, while firmly stating that PNG would not join the PACER Plus agreement.
“We are a big island nation,” he said. “We have the resources, we have the population, we have our own issues and our own national interest that must be catered for.”
Looking ahead: unity and purpose
In his Parliament address, Luxon paid tribute to PNG’s progress since Independence and affirmed New Zealand’s commitment to the shared Pacific vision. He highlighted cooperation on climate change, renewable energy and labour mobility, and said the friendship was “anchored in trust, shared history and mutual respect.”
Marape, in closing the visit, stressed that the PNG–NZ partnership was “not just transactional — it is transformational.”
“Together, we are building something that transcends politics — a legacy of peace, purpose and Pacific partnership,” he said. “May the bond between our peoples deepen. May the mountains of PNG and the shores of Aotearoa rise together. And may the next 50 years be a testament to what we can achieve — side by side, wantok to wantok,”
Marape said. PBR
MARAPE, US VICE PRESIDENT HOLD HISTORIC TALKS AT THE WHITE HOUSE
Prime Minister James Marape has announced a landmark development in Papua New Guinea–United States relations, following a historic first-ever bilateral meeting at the White House between a sitting Papua New Guinean Prime Minister and a US Vice President.
This milestone meeting, held during Prime Minister Marape’s official visit to Washington D.C., took place at the White House with US Vice President J.D. Vance, signalling a significant elevation in bilateral ties between the two nations.
“This is the first time in 50 years that a Papua New Guinean Prime Minister has held a formal bilateral meeting at the White House,” Prime Minister Marape said. “The engagement was warm, respectful, and constructive, demonstrating the United States’ sincere interest in strengthening its ties with Papua New Guinea.”
During the discussions, the United States Government confirmed it will send a high-level delegation to attend Papua New Guinea’s 50th Independence Anniversary celebrations in September 2025. This delegation will be led by Deputy Secretary of State Christopher Landau, reflecting the importance the US places on its relationship with PNG.
Prime Minister Marape and Vice President Vance also discussed shared democratic values, mutual interests in the Indo-Pacific, and opportunities for expanded cooperation in trade, security, and economic development.
“The United States is the greatest democracy, the strongest free-market economy, and the leading Christian nation,” Prime Minister Marape said. “Papua New Guinea, too, is a robust democracy, a free-market economy, and a nation founded on strong Christian values. These shared beliefs continue to guide our alignment on many regional and global issues.”
He added that both governments had agreed to continue technical-level engagements to prepare for a potential full bilateral meeting between President Donald Trump and Prime Minister Marape at a later date, when both the White House and Waigani are ready.
“Our officials will begin preparatory work on specific areas of bilateral cooperation, including trade, security, development, and investment,” he said. “We hope to formalise this growing relationship through a future meeting between the President of the United States and the Prime Minister of Papua New Guinea.”
During the meeting, Prime Minister Marape also acknowledged and thanked major US companies operating in Papua
New Guinea—ExxonMobil, Barrick Gold, Newmont Corporation, Hilton, Marriott, and others—for their longstanding contributions to the country’s economy.
“I also took the opportunity to invite more US companies in manufacturing, agriculture, fisheries, and sustainable forestry to explore investment opportunities in Papua New Guinea,” he added. “Our economy is open for business, and we welcome responsible partners who share our vision for sustainable growth.”
The bilateral engagement caps off a series of high-level meetings during Prime Minister Marape’s visit to the United States, which included strategic dialogues with US defence, trade, and development agencies.
“This visit marks the beginning of a new era in PNG–US relations,” Prime Minister Marape concluded. “As we mark 50 years of Independence, we are repositioning ourselves on the global stage and fine-tuning our relationships with all partner nations — including this great United States of America.” PBR
PNG REAFFIRMS COMMITMENT TO A SECURE AND CONNECTED DIGITAL PACIFIC
by: Roselyn Erehe
Acting Minister for Information and Communications Technology Peter Tsiamalili Jr. has reaffirmed Papua New Guinea’s resolve to champion a safer, more inclusive digital future for the Pacific, calling the region not just neighbours but “a family of nations, bound by ancestry, culture and history.”
Addressing the Pacific ICT Ministers Dialogue in Suva, Fiji on 8 August, Tsiamalili said PNG’s digital journey should be seen as both a milestone for the country and an opportunity for deeper regional collaboration. He urged Pacific governments to strengthen partnerships in infrastructure, cybersecurity and digital trust to secure the region’s place in the global digital economy.
Outlining PNG’s progress, he pointed to major advances in connectivity. Broadband penetration has nearly doubled, rising from 40 per cent in 2020 to almost 80 per cent in 2025, while 4G now reaches over 90 per cent of users nationwide. Building on these gains, the government has unveiled a new Spectrum Roadmap and set its sights on launching 5G services in major centres.
Tsiamalili also underscored reforms within government systems, noting that 90 per cent of state agencies are now running on the Government Cloud platform. This, he said, boosts efficiency and transparency. Plans are also in motion to establish a Tier III national data centre to provide secure, sovereign hosting for critical data.
On cybersecurity, the minister warned that PNG had faced growing threats in the past 18 months, including two large-scale ransomware attacks. To respond, the country has rolled out its Cybersecurity Policy (2021) and Strategy (2024), backed by the National Cyber Security Centre and the Computer Emergency Response Team (CERT).
He further announced PNG’s intention to join the Budapest Convention on Cybercrime, saying the submission has been signed and is being fast-tracked for parliamentary approval under his leadership as Leader of Government Business.
“A connected Pacific must also be a secure Pacific,” Tsiamalili said. “Without digital trust, our citizens will be reluctant to use online services, businesses will hold back on innovation and governments will remain vulnerable to threats.”
He closed by calling on Pacific nations to pool resources, share expertise and build digital capacity together. “Let us strengthen the masts of our regional digital lagatoi with infrastructure and guide it with a compass of security, so we may arrive at our common destination: a digitally sovereign Pacific, rooted in our values and united in ambition.” PBR
PM MANELE OUTLINES DEVELOPMENT VISION, URGES NATIONAL UNITY
Prime Minister Jeremiah Manele has laid out a comprehensive development blueprint for the Solomon Islands under his newly formed Government for National Unity and Transformation (GNUT), anchored on four core pillars: unity and stability, economic transformation, infrastructure development and human capital growth.
Addressing the nation this week under the theme “Unity and Stability for Transformation and Prosperity,” Prime Minister Manele called on citizens and leaders alike to rise above political divisions and work collectively for national progress.
“Unity is not about agreeing on everything—it is about iu mi tugeda; honouring the greater good above personal gain,” the Prime Minister said. “Our strength lies in our diversity, resilience, and shared vision for a better tomorrow.”
Key Policy Priorities
PM Manele highlighted several major policy areas that will underpin GNUT’s agenda over the coming term. These include efforts to:
• Diversify the economy by investing in agriculture, fisheries, tourism, and sustainable forestry and mining;
Accelerate transformative projects such as the Bina Tuna Processing plant and the Tina Hydro project;
Strengthen governance institutions and decentralise services to provincial governments;
• Expand healthcare and education, with a particular focus on technical and vocational training.
“We must not merely manage the present; we must shape the future,” Manele declared, reinforcing his government’s forward-looking approach.
Call for Stability
The Prime Minister also acknowledged the political turbulence of the past year and reaffirmed GNUT’s commitment to democratic integrity and national cohesion.
He urged all stakeholders to support the government’s long-term development goals by putting aside partisan interests and embracing a common national purpose.
As the Solomon Islands embarks on a new political chapter, Manele’s address signals a determined push toward inclusive development, improved services and a stable foundation for transformation and prosperity.
PBR
VANUATU SHOWCASES FINANCIAL AND TOURISM POTENTIAL AT HONG KONG INVESTMENT CONFERENCE
The Republic of Vanuatu marked a significant milestone in its international outreach efforts with the successful hosting of its 2025 National (Financial) Resources Promotion Conference in Hong Kong.
Organised by the Embassy of Vanuatu in China, the event brought together Chinese and Hong Kong officials, business leaders, listed companies, media, and stakeholders from across the region, highlighting Vanuatu’s ambitions to expand economic ties—particularly in finance and tourism.
The afternoon event opened to the sound of traditional Melanesian music, setting the tone for a vibrant showcase of Vanuatu’s natural charm and emerging investment landscape.
Among the honoured guests was Deputy Prime Minister and Minister of Finance and Economic Management of Vanuatu, Johnny Koanapo Rasou, who spoke passionately about Vanuatu’s aspirations.
“We welcome Chinese guests to experience the hospitality of the Vanuatu people firsthand,” he said, extending an open invitation for deeper collaboration. “We hope to strengthen cooperation in various industries and fields, including finance, tourism, and culture, with China and the Hong Kong Special Administrative Region.”
Also in attendance was Nguk Yang Dennis Nai, ambassador extraordinary and plenipotentiary of Vanuatu to the People’s Republic of China, who underlined the long-term opportunities for partnership. “We warmly welcome individuals from all sectors in China to explore more cooperation opportunities with Vanuatu,” he said.
The event blended cultural richness with economic ambition. In a visually engaging segment led by a travel influencer invited by the Vanuatu National Tourism Office, guests were taken on a virtual tour through Vanuatu’s signature attractions—from its volcanic landscapes and hidden blue holes to the enduring traditions of its village communities.
Osborne Taseru, first secretary at the Vanuatu Embassy in China, gave a detailed presentation on the country’s ecotourism routes and seafood export advantages. “Vanuatu has enormous potential not just as a natural paradise but as a rising player in sustainable economic development,” he noted.
A central focus of the event was Vanuatu’s evolving financial sector. Cliff Chen, senior advisor to the Deputy Prime Minister, introduced key legislative frameworks such as the Virtual Asset Service Provider (VASP) Act, highlighting the nation’s openness to digital asset projects and fintech partnerships.
“We are committed to providing a transparent and forward-looking financial environment that supports innovation while ensuring regulatory clarity,” Chen said.
The momentum continued with a series of strategic Memorandum of Understanding (MOU) signings involving South Pacific Digital Holdings (SPDH).
MOUs were signed with two Hong Kong-listed firms— Crypto Flow Technology Limited and Unisound AI Technology Limited—as well as with Japanese digital asset exchange BitTrade and Australian fintech company Tridens Investment. The agreements were witnessed by Ambassador Nai and signify a bold step forward in Vanuatu’s fintech diplomacy.
Earlier in the day, Deputy Prime Minister Koanapo held high-level talks with Hong Kong Chief Executive John Lee Ka-chiu, the Financial Services and the Treasury Bureau, and the Hong Kong Monetary Authority.
Reflecting on those engagements, he expressed optimism: “I commend the progress made in both traditional and digital finance between our sides. We intend to deepen regulatory and sectoral cooperation through a series of MOUs, working together to advance financial development.”
As the event drew to a close amid applause and positive energy, organisers were quick to remind attendees that this was not a conclusion but the beginning of stronger, mutually beneficial ties.
“We are confident that in the days ahead, with its unique charm and immense potential, Vanuatu will attract more international partners to invest and engage in business,” the Deputy Prime Minister said.
The conference underscored Vanuatu’s proactive strategy in promoting itself as a serious economic partner—one that combines rich cultural heritage with modern economic aspirations in the heart of the South Pacific. PBR
OCEANIA TRAILS IN GLOBAL MINING RANKINGS DESPITE RICH RESOURCES
by: James Galvez
A
new global survey of mining executives has delivered a sobering outlook for Oceania, with several Pacific jurisdictions pegged at the lower end of global investment rankings despite their untapped mineral wealth.
The Fraser Institute’s 2024 Annual Survey of Mining Companies, which assessed 82 jurisdictions based on geological potential and government policy, ranked Fiji, New Zealand, Papua New Guinea (PNG) and the Solomon Islands in the lower half of its Investment Attractiveness Index.
The survey was conducted between August and December 2024, drawing 350 responses from industry leaders whose companies reported a combined US$6 billion in exploration spending that year. The rankings reflect both the quality of a jurisdiction’s mineral endowment
and the effectiveness of its regulatory and policy environment.
Fiji Emerges, Solomon Islands Lags
Fiji was the best-performing country in Oceania, ranking 31st, followed by New Zealand at 43rd. Papua New Guinea placed 57th while the Solomon Islands came in last at 84th, due to tied scores despite only 82 jurisdictions being listed.
The Solomon Islands again ranked among the least attractive places for exploration, weighed down by concerns over infrastructure, legal enforcement, and lack of skilled labour. It was also one of the lowest scorers in the policy index.
The country’s poor showing echoes similar results in 2023 and highlights the continuing challenge of attracting foreign capital despite abundant nickel and gold reserves.
PNG: A mixed picture
Despite being home to large-scale operations like Ok Tedi, Porgera and Lihir, PNG continues to struggle with inconsistent regulatory frameworks, land access issues, and concerns about political and social stability.
In the Policy Perception Index—a key component of the survey that rates jurisdictions on transparency, taxation, infrastructure and land rights—PNG ranked below many African and Latin American countries. Respondents cited regulatory uncertainty and permitting delays as major deterrents to investment.
The PPI, is a composite index that measures the overall policy attractiveness of the 82 jurisdictions in the survey. The index is composed of survey responses to policy factors that affect investment decisions.
The policy factors we examined include uncertainty concerning the administration of current regulations, environmental regulations, regulatory duplication, the legal system and taxation regime, uncertainty concerning protected areas and disputed land claims, infrastructure, socioeconomic and community development conditions, trade barriers, political stability, labor regulations, quality of
the geological database, security, and labor and skills availability.
Still, the report acknowledged that PNG holds significant potential. With improved policy reforms, industry players believe the country could regain competitiveness.
The bigger picture
The Investment Attractiveness Index combines a jurisdiction’s geological appeal with its policy environment. According to the Fraser Institute, about 40 per cent of exploration investment decisions are influenced by public policy rather than geology alone.
This year’s global top three were Finland, Nevada and Alaska; while Ethiopia, Suriname and Niger occupied the bottom.
In contrast to Oceania’s mixed showing, North America and Europe dominated the top 10, driven by predictable regulatory systems, skilled workforces and favourable tax regimes.
A call for reform
While geologic and economic considerations are important factors in mineral exploration, a region’s policy climate is also an important investment consideration.
A significant share of mining professionals view policy factors across Oceana as especially challenging, reflecting concerns over regulatory uncertainties, infrastructure deficits, and governance—including land use and socioeconomic agreements— which collectively deter investment.
For Oceania, where many economies rely heavily on extractive industries, these rankings reinforce the need to address longstanding policy and governance gaps. PBR
COOK ISLANDS, US MARK PACIFIC NATION’S 60TH ANNIVERSARY WITH SEABED MINERALS PACT
The Cook Islands and the United States have agreed to strengthen cooperation on scientific research and the responsible development of seabed mineral resources, marking a significant milestone in their partnership as the Pacific nation celebrated its 60th anniversary of selfgovernment on 4 August.
The joint announcement reflects the shared recognition of the critical role seabed minerals play in developing and powering modern technologies. The Cook Islands, a regional leader in exploring its vast Exclusive Economic Zone (EEZ), views these resources as key to long-term economic growth and prosperity for its people.
The United States has begun discussions with the Cook Islands Government to support research that will guide
exploration and ensure responsible development within the nation’s EEZ. US-linked companies are already at the forefront of deep seabed mineral research and exploration in the islands, underscoring the countries’ strong shared interests in the sector.
“This collaboration marks a new chapter in our relationship since we established diplomatic ties in 2023,” the two governments said in a joint statement. “We affirm our commitment to scientific advancement, mutual prosperity, economic self-reliance and environmental stewardship as we partner to map and research the Cook Islands’ seabed mineral resources.”
With its expansive maritime resources, the Cook Islands brings the natural endowment, while the United States contributes advanced oceanic research capabilities and technology. Together, the countries aim to ensure
that exploration and development are underpinned by “gold standard science” and global best practices.
Both governments pledged to advance responsible seabed minerals development, deepen global understanding of the deep ocean and set a high benchmark for transparent management of seabed resources. PBR
TONGA, TMC RENEW SEABED MINING PACT TO SECURE LONG-TERM BENEFITS
The Kingdom of Tonga and The Metals Company’s (TMC) subsidiary Tonga Offshore Mining Ltd. (TOML) have signed a revised sponsorship agreement aimed at strengthening Tonga’s stake in the future development of seafloor mineral resources.
The new pact updates the terms of their 2021 agreement ensuring that Tongans will continue to receive financial benefits, training, capacity-building and community programmes. It also provides for “continuity benefits” once commercial production begins whether by TOML or another TMC subsidiary.
Tonga’s Minister for Lands, Survey, Planning and Natural Resources Dr. ‘Uhila Moe Langi Fasi said the agreement signalled TOML’s willingness to deepen its commitments.
“It marks an important step toward ensuring that seabed minerals activities contribute meaningfully to Tonga’s long-term development goals — with transparency, fairness and environmental care at the core,” he said.
Tonga was among the first developing states to apply for a marine mineral exploration contract, taking a prominent role in advancing the rights of small island nations in the deep-sea minerals industry.
However, both Tonga and TMC have expressed frustration at the International Seabed Authority’s (ISA) failure to adopt exploitation regulations — known as the Mining Code — despite being required to do so by 2023 and pledging to complete it by 2025. The delays, they say, have hindered TOML’s ability to proceed with its planned commercial application in its contract area.
Gerard Barron, TMC chairman and chief executive, praised Tonga’s “instrumental leadership” in advocating for the responsible development of deep-sea minerals.
“We are proud to renew our partnership at this exciting moment as Tonga helps re-shape the way the world produces the key resources underpinning economic and global development,” he said. “Together we are determined to ensure that Tonga receives lasting transparent benefits for all Tongans.”
Tonga also acknowledged the regulatory certainty provided by the existing US seabed mining code under the Deep Seabed Hard Mineral Resources Act (DSHMRA) and a recent executive order by US President Trump which offers a stable framework for industry operations.
TMC, listed on Nasdaq, is developing what it describes as the world’s largest undeveloped resource of critical metals essential for energy, defence, manufacturing and infrastructure.
Through its subsidiaries it holds exploration rights in the Clarion Clipperton Zone of the Pacific Ocean sponsored by Tonga and the Republic of Nauru. PBR
LION ONE REPORTS RECORD QUARTER, EARNS US$11.9m FROM GOLD SALES IN FIJI
Canadian miner Lion
One Metals Ltd. posted a strong quarter with record performance and C$16.3 million (US$11.9 million) in revenue from its Tuvatu Gold Mine in Fiji, supported by higher gold prices, increased recoveries and strong mill output.
In a quarterly update, the Vancouverbased firm said it sold 3,577 ounces of gold and 1,233 ounces of silver during the three months to June 30. Gold revenue jumped 24 percent from the previous quarter and 77 percent from the same period last year.
Operational records set
Lion One achieved record mill throughput of 33,726 tonnes, with 96 percent utilisation—its highest to date. Gold recovery rose to 84.1 percent in June, up from the previous 12-month average of 80.3 percent. The improvement was credited to mill upgrades and better carbon management.
The average gold head grade was 3.6 grams per tonne, slightly below expectations due to delays in mine development earlier this year. Ventilation work, which had held up progress in deeper zones, was completed in April.
“With the Tuvatu gold mine still in the pilot plant stage of development, we have made great progress this quarter in laying the foundations for future success at Tuvatu,” Lion One CEO Ian Berzins said in a statement.
Underground progress ramps up
Underground development hit a new high of 1,503 metres during the quarter. A record 545 metres was completed in May alone, thanks to the arrival of new mining equipment and ventilation upgrades. This compares to an average of 340 metres per month over the previous year.
More mining gear is expected to arrive in July and August, which the
company believes will further boost underground activity.
The company’s first shrinkage stope is now fully developed, with production scheduled through the current quarter. Drilling in this zone returned high-grade gold intercepts, including 489.5 g/t over 0.4 metres.
Stronger outlook
Construction of a flotation circuit is underway and gold recovery is forecast to exceed 90 percent by the end of 2025. Tuvatu remains in the pilot production stage, but Lion One expects performance to continue improving.
“We have increased gold recoveries on the mill side and we have increased the rate of underground development on the mine side, both of which we expect to continue to improve moving forward. With production from the shrink stope coming online in July we anticipate this upcoming quarter to achieve even stronger results,” Berzins said.
Lion One Metals is a Canadian gold miner operating the 100% owned Tuvatu Alkaline Gold Project in Fiji. The project includes a high-grade underground mine, a pilot processing plant, an assay lab and a large exploration licence over the Navilawa Caldera. PBR
ICCC CLEARS MISIMA ACQUISITION BY OK TEDI
Ok Tedi Mining Limited (Ok Tedi) is pleased to announce it has received clearance from Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) for its purchase of the Misima Gold Project from Kingston Resources Limited (Kingston). This approval completes all conditions precedent required to finalise the transaction.
On 20 May 2025, Ok Tedi announced it would acquire the Misima Gold Project from Kingston for A$60 million (USD38 million), with additional contingent payments of up to A$35 million (USD22 million). With the ICCC’s approval, the Misima Gold and Silver Project officially became an Ok Tedi entity as of 10 July 2025.
This acquisition marks a significant milestone under the company’s Growth 2050 Strategy, reaffirming Ok Tedi’s commitment to sustainable, nationally driven resource development.
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“We are proud to welcome the Misima team into the Ok Tedi family,” said Ok Tedi Managing Director and CEO Kedi Ilimbit. “This acquisition signals a bold new chapter for Ok Tedi as we expand our footprint and future-proof our business for generations to come.”
The Misima Mine, which currently employs 31 people, will continue operating under existing employment terms during a structured integration phase.
“Ok Tedi is committed to ensuring a smooth transition and is working closely with employees, landowners, and local leaders to ensure the continued success of the project,” Mr Ilimbit added.
“This is more than a corporate transaction — it’s about PNG ownership, community partnership, and responsible growth.”
The Misima Gold and Silver Project is located 625 kilometres east of Port Moresby in Milne Bay Province
and has a current mineral resource estimate of 3.8 million ounces of gold and 22.1 million ounces of silver.
Ok Tedi Mining Limited (OTML) is a majority stateowned enterprise that operates an open-pit copper, gold and silver mine located in the Star Mountains of Western Province, Papua New Guinea. The company exports copper concentrate to smelters and refineries in Japan, the Philippines, Indonesia, South Korea, India and Germany.
OTML has operated in the region for over 40 years, making significant contributions to development in Western Province through direct and indirect employment, royalties, compensation payments, and local business opportunities.
Its registered office and senior operational management are based in Tabubil, Western Province, with a representative office in Port Moresby and a marketing and logistics facility in Brisbane, Australia. PBR
ST BARBARA UNCOVERS MORE GOLD BELOW SIMBERI PITS IN PNG
Australian gold miner St Barbara is reporting encouraging results from its recent drilling efforts at its Simberi operations in Papua New Guinea, where the company has found more gold mineralization and sulphide-rich
rock directly beneath existing open-pit mines.
The new discoveries come from a large-scale drilling programme aimed at extending the life of Simberi
by identifying deeper sources of gold beneath areas already being mined.
One of the most promising results came from the Samat deposit, where gold was found just below the current open-pit reserve. While the area had been only lightly drilled in the past, new holes revealed high-grade gold in sulphide rock—a denser material that requires different processing but can contain significant value.
Over the past year, St Barbara drilled more than 10,000 metres across 61 holes, targeting both known gold zones and unexplored areas. The latest campaign also included the first-ever diamond drilling at Samat, with results showing strong potential for expanding future mining below the existing pits.
Another key site, the Sorowar–Pigiput Trend, also delivered solid gold intercepts, including high-grade samples that reaffirm the area’s long-term value.
“The identification of additional sulphide mineralisation extending or located immediately below the current sulphide open pit Ore Reserve at Samat and Sorowar – Pigiput Trend is very positive news,” St Barbara Managing Director and CEO Andrew Strelein said in a statement.
Strelein said the company is looking forward to the results of the remaining 10 Samat drill holes to better
understand the potential to define additional highgrade sulphide resources where historic diamond drilling is relatively sparse.
Most of the remaining assay results are expected during the September quarter.
“During the September quarter we anticipate the return of assay results for most of the remaining 20 resource definition, exploration and sterilisation holes drilled to date at Samat, Pigicow-Botlu, Pigibo North, PigiboBotlu and Pigiput Northeast Trend.”
St Barbara’s Simberi mine is located in New Ireland Province and forms part of the company’s broader presence in the Pacific, where it continues to explore and develop resources responsibly in partnership with local communities.
In a related development, St Barbara is edging closer to securing the future of its operations in Simberi, as its application for the early renewal of Mining Lease 136 (ML 136) moves into its final stages of review.
The company confirmed that the Mining Advisory Committee (MAC) convened a special meeting on Sunday, 6 July 2025, to assess the early renewal application, after an earlier meeting was rescheduled from late June. Following that session, the MAC sent a formal letter requesting clarifications on several items. St Barbara responded to the queries on 15 July—one day after receiving the letter.
The recommendation from the MAC is the final procedural step before a decision is made by Papua New Guinea’s Minister for Mining Rainbo Paita. However, the company noted that the Minister is travelling overseas until the end of July, with formal approval expected at the earliest in August 2025.
If approved, the renewed lease would extend the company’s tenure at Simberi through to 2038, aligning with the mine’s projected life under the Simberi Expansion Project, which is based on Proven and Probable Ore Reserves.
“The renewal of the Simberi Mining Lease is a key step towards unlocking the Sulphide Ore Reserves at Simberi and expanding gold production to over 200,000 ounces per annum,” In a Strelein said.
St Barbara has operated the Simberi mine since 2008. The lease renewal, once approved, is expected to pave the way for deeper sulphide mining and future investment in processing infrastructure to support increased output. PBR
GOLDRIDGE MINE EXPANSION SIGNALS ‘NEW CHAPTER’ FOR SOLOMON ISLANDS
The Solomon Islands has taken a major step toward transforming its economy with the launch of the Goldridge Mine Processing Plant Expansion Project, a multi-billiondollar investment expected to boost national revenue, create thousands of jobs and deliver lasting benefits for landowners and communities.
Speaking at the groundbreaking ceremony in Central Guadalcanal today, Prime Minister Jeremiah Manele called the expansion “the beginning of a new chapter for the Goldridge mining project,” hailing it as a driver of economic diversification and growth.
The SBD $6 billion project will triple the mine’s processing capacity to 13.5 million tonnes a year. Once operational, it is expected to generate around SBD $7.5 billion annually, including approximately SBD $2 billion in government revenue, SBD $400 million in royalties and dividends for landowners, and more than 1,200 direct jobs with an additional 3,500 indirect positions.
“This project aligns with our economic transformation agenda and will diversify our economy while creating thousands of opportunities for Solomon Islanders,” Manele said.
The prime minister reaffirmed his government’s pledge to modernise the mining sector through the Mineral Resources Bill, currently before Parliament. “The new bill will modernise the regulatory framework for mining, strengthen governance, ensure transparency, and improve revenue-sharing mechanisms for landowners,” he said.
Manele also underscored the need for responsible development. “With opportunity comes responsibility. Goldridge is a national asset, and it must be developed in a way that safeguards our environment, respects our people, and delivers lasting benefits,” he said.
He urged strong partnerships and compliance among the company, landowners and all levels of government.
“The growth and success of the project must translate into tangible benefits for all – capacity building, economic empowerment, and shared prosperity. The growth of the mine must also be reflected in the growth of its key stakeholders – landowners, the provincial government, and the national government,” he said.
“With opportunity comes responsibility,” the Prime Minister added. “Together, we are laying the foundation for a transformative legacy at Goldridge Mine – one that will benefit GRML, the landowners, and the people of Solomon Islands.”
Manele was guest of honour at the groundbreaking ceremony, joined by Cabinet members of the Government for National Unity and Transformation, including Deputy Prime Minister Frederick Kologeto. PBR
MARU BACKS PROPOSED KAUGEL HYDROPOWER PROJECT IN SOUTHERN HIGHLANDS
Minister for International Trade and Investment
Richard Maru has declared his full support for the proposed 90-megawatt Kaugel Hydropower Project in the Southern Highlands Province, calling it a “transformational project of highest national priority.”
“The proposed K2.5 billion (USD 625 million) project, which will take four years to construct, has my highest support. This is a transformational project. We have a very high demand for cheaper, clean and reliable electricity in our country not only for our people but importantly to drive economic growth,” Maru said.
The minister called on all stakeholders to collaborate with the project’s proponents — including Kaugel Hydro Limited, landowners and the respective Provincial Governments of Southern Highlands, Enga and Western Highlands — to unlock the project’s potential and prioritise it for development.
“The Kaugel Hydropower Project is precisely the scale and quality of foreign direct investment PNG must prioritise. This hydro can provide long-term electricity to Porgera Mine, the proposed Baiyer and Ruti SEZ, Mt Hagen City and parts of Southern Highlands Province,” he said.
Maru also underscored the need for reliable electricity in the Highlands region, citing the deteriorating condition of the existing grid infrastructure including the Yonki hydro scheme, which is no longer able to meet demand.
“Persistent power outages stifle growth, deter investment and hold our people and country back from progress and development,” he said.
The minister also stressed the importance of securing broad community support and equitable benefits, especially for landowners and provincial governments involved.
“Clearly, we have to secure a social license for the project by securing clear landowner equity participation and business spin-off benefits, the participation in equity by the respective Provincial Governments and other benefits. These are critical
issues that must be handled carefully and sensitively,” Maru stated.
According to the minister, the Kaugel Hydropower Project aligns with national goals for rural electrification, industrial development and the shift to low-emission energy systems. He thanked Kaugel Hydro Limited Managing Director Karl Yalo and his team for their continued efforts to progress the project.
“We wish them every success to secure anchor customers to make the project bankable and we also hope that they can secure license from the National Energy Authority,” said Maru. He added that his ministry and department remain fully committed to supporting the project.
“My Ministry and Department stands ready to champion this potential high impact and transformational project to demonstrate the unwavering commitment of the MarapeRosso Government to renewable energy transition, equitable distribution of benefits and setting the foundations for a better and brighter future for our people and country as we celebrate 50 years of independence and chart our way forward for the next 50 years,” he said. PBR
PAPUA NEW GUINEA’S GATEWAY TO GROWTH AND PROSPERITY
PNG Ports owns and manages a network of 15 ports scattered throughout Papua New Guinea
Our port network includes the largest and most economically significant ports of Lae and Port Moresby – the nation’s two efficient and expertly operated international trade gateways
Also part of our network, are many smaller and far-flung ports central to the livelihoods, development and connectedness of remote communities.
Commercial & Industrial Property: Hundreds of hectares of prime waterfront land, buildings & port infrastructure
NEW CALEDONIA LAUNCHES LANDMARK RENEWABLE ENERGY PROJECTS IN BOULOUPARIS
Christopher Gygès, member of the New Caledonia government responsible for energy, led the launch of several renewable energy projects in Boulouparis on 18 July at the TotalEnergies Renouvelables Pacific site.
Joined by Pascal Vittori, mayor of Boulouparis, as well as representatives from TotalEnergies Renouvelables France, Akuo Energy and Enercal, Gygès unveiled the Boulouparis Grande Batterie and the 60 MWp Boulouparis 3 photovoltaic farm — two key components of New Caledonia’s accelerating clean energy transition.
In 2016, New Caledonia adopted its Energy Transition Plan (STENC). A revised version, known as STENC 2.0, was approved by Congress in August 2023. It focuses on decarbonising the metallurgy industry, promoting carbon-free mobility and improving energy efficiency.
Three major private sector-led projects in Boulouparis are central to achieving STENC 2.0’s objectives:
• Completion of Phase 3 of the Boulouparis photovoltaic farm
• The upcoming construction of the Boulouparis Large Battery
Infrastructure upgrades by Enercal to support these developments
“These private initiatives are among the largest national and European projects,” said Gygès. “They demonstrate a genuine desire to green New Caledonia’s energy mix and above all to provide affordable, carbon-free energy both to Caledonians and to the metallurgy sector.”
The projects are also expected to boost energy independence, create jobs and stimulate the construction sector.
“With this 15 billion [CFP franc] in private investment (approx. US$135 million) and the 200 jobs subsequently created, we have the opportunity to build a sector with the added bonus of training young Caledonians who will be able to sustain this sector of activity,” Gygès added.
TotalEnergies and Enercal sign agreement for Boulouparis 3 Following the commissioning of Units 1 (12 MWp) and 2 (16 MWp + 10 MWh storage) in 2017 and 2019, TotalEnergies and
Enercal have signed the power purchase agreement (PPA) for Unit 3, a crucial step towards launching this next phase. Once completed, the three units will form the largest photovoltaic site in New Caledonia and one of the five largest in France, with a combined capacity of nearly 90 MWp.
Europe’s largest battery project in final phase
Akuo Energy’s Boulouparis Large Battery project is now in its final financing stage. Designed as one of the largest electricity storage systems in Europe, the battery will offer 150 MWh of capacity and 50 MW of output over three hours.
The battery will provide key technical capabilities tailored to local needs:
Load transfer: storing solar energy during the day and releasing it in the evening to avoid peak loads
Grid support: regulating frequency and voltage
• Black start: enabling grid restart after outages
Thermal substitution: quickly replacing fossil fuel plants with renewables
• Accelerated integration of renewables: by adding more controllable capacity
The project is also grounded in community participation, with local groups GDPL Wiwa and Wije holding shares. Risk management measures include a full hazard study and close cooperation with the Civil Security Risk Management Department (DSCGR) and the Boulouparis fire brigade.
Enercal upgrades infrastructure for integration
To connect the solar plant and battery to the Grande Terre transmission network, Enercal is expanding the capacity of its Boulouparis source substation — the key link between high-voltage transmission and medium-voltage distribution networks.
The substation’s capacity has been increased from 45 MVA to 100 MVA, enabling it to handle the full output of local renewable projects. This expansion ensures:
Enhanced power transformation capabilities
• Maintenance flexibility without disrupting supply
Additional improvements to the existing station include:
• Secured emergency power supply
Reliable electrical protection and control systems
• Integration of renewable power plant management into Enercal’s telecommunications
• A local emergency control system for restarting the battery and power plants after incidents
Parallel work on the grid will allow both the Boulouparis 3 solar plant and the storage battery to connect seamlessly to the substation, including:
New connection points
• A 33 kV underground line between Boulouparis 3 and the substation to export solar power
• A 33 kV underground line between the battery and the substation for charging and discharging operations
Thanks to Enercal’s network upgrades, both solar generation and battery storage will be centrally managed from Enercal’s control centre in Nouméa. This centralised oversight will optimise solar production and ensure it is available when Caledonian households need it most. PBR
ADB AND WORLD BANK PRAISE PROGRESS ON SOLOMON ISLANDS’ FIRST MAJOR RENEWABLE ENERGY PROJECT
The Tina River Hydropower Development Project welcomed senior representatives from the Asian Development Bank (ADB) and the World Bank for a joint site visit to see firsthand the momentum building behind Solomon Islands’ first large-scale renewable energy project.
The high-level delegation, which included ADB Director Emma Veve and World Bank Country Director for the Pacific and Papua New Guinea, Stephen Ndegwa, toured key sites along the Tina River corridor and reviewed critical progress. This included the near-completion of over 95 percent of the project’s access roads, which are already improving connectivity for local communities and enabling major construction activities.
A milestone noted during the visit was the arrival earlier this year of the Tunnel Boring Machine, (TBM) one of the largest pieces of infrastructure equipment ever brought into the country. This boring machine will excavate the 3.2-kilometer waterway tunnel that will carry water from the dam to the powerhouse, forming the heart of the hydropower system.
“The steady advancement of this landmark project stands to transform how Solomon Islanders power their homes, schools, and businesses,” said Stephen Ndegwa, World Bank Country Director for the Pacific and Papua New Guinea. “The Tina River Hydropower project shows how strong partnerships can have lasting impacts. It is unlocking the country’s renewable potential while also supporting community benefit sharing programs for communities around the dam site.”
ADB Director Emma Veve added, “This is a standout example of how Solomon Islands is working with
international partners to meet long-term energy and climate goals. It is encouraging to see the project moving forward hand-in-hand with local communities.”
The next major task is to prepare for construction of the main dam. This involves completing a 232-meter-long diversion culvert box by the end of June, which will safely redirect river water around the site during construction. Once complete, upstream and downstream cofferdams will be built, paving the way for main dam works to start early next year.
Meanwhile, preparations are underway to assemble and test the TBM in August, with full-scale tunneling scheduled to commence in November. By the end of this year, all major groundwork for the dam will be in place. This will allow the main dam construction to begin in 2026 and mark a new phase of accelerated progress.
The Tina River Hydropower Project is expected to reduce Honiara’s dependence on imported diesel for electricity by more than 65 percent, delivering significant savings and environmental benefits. The project is already generating
local jobs and business opportunities, with programs in place to ensure surrounding communities benefit directly from this historic investment.
The Tina River Hydropower Development Project is led by the Solomon Islands Government, with financing and support from the Abu Dhabi Fund for Development, the Asian Development Bank, the Government of Australia, the Green Climate Fund, Korea EX-IM Economic Development Cooperation Fund, and the World Bank PBR
PACIFIC FISHERIES MINISTERS
ENDORSE LANDMARK ALBACORE AGREEMENT AND ADVANCE CLIMATE STRATEGY AT NIUE MEETING
The 24th Forum Fisheries Committee (FFC) Ministerial Meeting and the 6th Regional Fisheries Ministers Meeting (RFMM) concluded today in Niue, with a Ministerial Retreat held in Alofi.
Ministers from the Cook Islands, Fiji, Kiribati, New Zealand, Niue, Palau, Papua New Guinea (PNG), Solomon Islands, Tuvalu and Vanuatu attended the meeting, along with the Fisheries Minister of New Caledonia, who participated as an observer. Senior officials representing Australia, the Federated States of Micronesia (FSM), the Republic of the Marshall Islands, Nauru, Samoa, Tokelau and Tonga were also in attendance.
The official FFCMin24 Communiqué was adopted during the retreat, outlining key priorities and agreements that will help shape discussions at the upcoming Pacific Islands Forum Leaders Meeting in Solomon Islands this September.
The Communiqué addresses critical issues such as the Fisheries Roadmap, the Chair’s Ocean Literacy Initiative and the implementation of FFA’s Climate Change Strategy. Key ministrerial endorsements include:
Adoption of the Ocean Literacy Initiative
Ministers reaffirmed the importance of Ocean Literacy and the need to ensure it reflects the Pacific identity, culture and environment. They recognised that this initiative strengthens the connection between the ocean, language, culture and traditional ecological wisdom that is deeply rooted in Pacific communities and people.
They called for whole-of-government and whole-of-society collaboration to ensure a holistic multi-stakeholder approach and expressed gratitude to Ministerial Chair Hon. Mona Ainu’u for her leadership on this initiative.
Implementation of Climate Change Strategy
Ministers welcomed progress on the implementation of the FFA Climate Change Strategy and acknowledged the engagement of Members and the Secretariat in the ICJ Advisory Opinion on Climate Change.
They directed the FFA Secretariat to continue supporting Members in implementing the Strategy and strongly reaffirmed support for the Government of Australia’s bid to host UNFCCC COP31 in partnership with the Pacific in 2026. This, they said, will elevate the call for more action to protect
the oceans and tuna fisheries from the impacts of climate change.
South Pacific Albacore Management
Ministers unanimously endorsed the landmark agreement on proportional allocation of South Pacific albacore (SPA) among FFA Members – a breakthrough that marks a major milestone in regional fisheries management and stands as a powerful testament to Pacific unity, collective leadership and mutual respect.
They supported the formation of a strong and unified FFA negotiating position to be taken to the Western and Central Pacific Fisheries Commission (WCPFC) in December 2025.
East New Britain Initiative (ENBi)
Ministers noted progress on the East New Britain Initiative (ENBi), including enhanced resourcing and funding support. They acknowledged that some elements have already been advanced by the Parties to the Nauru Agreement (PNA) Members through initiatives such as Pacific Island Tuna (PIT), Tripartite and other PNA proposals focused on dockside offloading, in-region processing and electronic monitoring.
Ministers noted that PNA Ministers take the lead on commercialisation of the ENBi and directed the FFA Secretariat to accelerate its operationalisation in close association with the PNA – including efforts on regional processing hubs and the establishment of the Regional Fisheries Development Fund.
Independent Refresh and Performance Review
Ministers welcomed the final report of the Independent Refresh and Performance Review of the Agency and endorsed the formation of a small working group to be chaired by the Ministerial Chair, to oversee implementation of the recommendations in collaboration with the Director General.
They also acknowledged the need for adequate resourcing to support the Director General in delivering on the report recommendations.
Economic and Fisheries Ministerial Working Group
Ministers noted updates from the Pacific Islands Forum Secretariat (PIFS) and the FFA Secretariat on the feasibility of establishing a joint Economic and Fisheries Ministers Working Group.
They agreed to suspend the initiative until institutional arrangements within Member countries and the Secretariats are in order.
2050 Strategy and Review of the Regional Architecture
Ministers noted the update on the 2050 Strategy and the Review of Regional Architecture. They reaffirmed their strong commitment to supporting the FFA Secretariat and acknowledged the significant national and regional value generated through fisheries cooperation.
Observers from the Pacific Islands Forum Secretariat (PIFS), the Parties to the Nauru Agreement Office (PNAO), The Pacific Community (SPC) and the University of the South Pacific (USP) were also in attendance. The meeting was supported by the FFA Secretariat.
New Zealand will host the next FFC Ministerial Meeting in June 2026. PBR
EU APPROVES GLOBAL SOURCING FOR FIJIAN FISH EXPORTS UNDER TRADE DEAL
The Ministry of Trade, Co-operatives, Micro, Small and Medium Enterprises (MSMEs) and Communications is pleased to announce that the European Union (EU) has officially activated the global sourcing derogation, allowing processed fishery products from Fiji to benefit from preferential access under the Interim Economic Partnership Agreement (IEPA).
This milestone decision follows a formal request submitted by the Fijian Government to the EU in April 2025, supported by extensive technical documentation and consultations with the fisheries industry and relevant stakeholders.
The EU published a notice on 30 July 2025 in the Official Journal of the European Union, confirming that, effective 31 July 2025, processed fishery products under headings 1604 and 1605 — manufactured in on-land premises in Fiji from non-originating raw materials landed in Fijian ports — will be considered as originating products under the IEPA.
The global sourcing derogation allows Fiji to source raw fish from a wider range of foreign-flagged vessels. Once processed in Fiji, these value-added fish products can be exported to the EU duty-free.
This development significantly expands Fiji’s export opportunities to the EU market and is expected to benefit local processors, create jobs and drive growth in the fisheries and manufacturing sectors. It also positions Fiji as a competitive regional hub for valueadded seafood production.
Manoa Kamikamica, Deputy Prime Minister and Minister for Trade, Co-operatives, MSMEs and Communications, welcomed the decision and stated,
“This is a significant achievement for Fiji and a timely opportunity for our fish processing sector. The approval of global sourcing by the EU is a direct result of the Fijian Government’s strategic efforts to diversify our exports and strengthen access to high-value markets.”
“It opens new avenues for investment, employment and sustainable growth in our fisheries and manufacturing sectors. We remain committed to creating an enabling trade environment that delivers real benefits to our people and positions Fiji as a competitive player in global trade,” said DPM Kamikamica.
The Permanent Secretary for Trade, Co-operatives, MSMEs and Communications, Shaheen Ali, stated that whilst Fiji welcomes the approval of global sourcing for processed fish, the Ministry will continue to engage with the European Union through the IEPA Trade Committee to explore the possibility of extending this arrangement to fresh and frozen fish, in which Fiji has significant market opportunity.
“This approval is a step in the right direction. While we understand the EU’s current position on global sourcing for fresh and frozen fish, Fiji remains hopeful and committed to constructive engagement. We believe that a future extension would bring mutual benefits and further strengthen our fisheries partnership under the IEPA,” said Permanent Secretary Ali.
Fiji remains committed to sustainable fisheries management, full compliance with international standards and leveraging trade to create inclusive economic opportunities for Fijians.
This development marks the enduring trade and economic partnership between Fiji and the EU — one built on mutual commitment to sustainable development, inclusive growth and deeper market integration. PBR
SOUTH PACIFIC STOCK EXCHANGE JOINS U.N. SUSTAINABLE STOCK EXCHANGES INITIATIVE TO ADVANCE GREEN FINANCE
The South Pacific Stock Exchange (SPX) has announced its admission as a member of the United Nations Sustainable Stock Exchanges (UN SSE) initiative, joining a global network of more than 130 exchanges working together to promote sustainable development.
The move signals SPX’s strong commitment to advancing sustainable finance and responsible investment, and supports the exchange’s broader vision of developing a market that not only drives economic growth but also aligns with Fiji’s long-term social and environmental priorities.
By joining the UN SSE, SPX will gain access to global resources, best practices, and peer exchange opportunities that support its market development agenda, including green finance, sustainability reporting and stakeholder engagement.
The Trinidad and Tobago Stock Exchange (TTSE) was also admitted alongside SPX. Island nations like Trinidad and Tobago and Fiji face unique and urgent challenges related to climate change, economic resilience and social equity.
SPX CEO Sheraj Obeyesekere said, “SPX is pleased to join stock exchanges around the world in a shared commitment to promote responsible investment and sustainability in capital markets. This is a timely and important step as we build a market that not only supports economic growth but also drives responsible and inclusive development. For us in the Pacific, one of the regions most vulnerable to climate change, embedding sustainability is not just good governance, but a necessity for resilience and long-term value creation.”
“We are delighted to welcome TTSE and SPX to the UN SSE family,” said Anthony Miller, chief coordinator of the
UN SSE. “Their participation highlights the growing momentum among exchanges in small island states to harness sustainable finance as a tool for resilience, innovation and inclusive development.”
In its announcement, the UN SSE said it looks forward to working closely with both exchanges as they integrate sustainability into market practices and support listed companies on environmental, social and governance (ESG) disclosure, green finance and stakeholder engagement.
The UN SSE initiative is a UN Partnership Programme organized by the U.N. Conference on Trade and Development (UNCTAD), the U.N. Global Compact, the U.N. Environment Programme Finance Initiative (UNEP FI) and the Principles for Responsible Investment (PRI). Its mission is to provide a global platform for exploring how exchanges—working with investors, issuers, regulators, policymakers and international organizations— can enhance ESG performance and encourage sustainable investment, including financing of the U.N. Sustainable Development Goals.
The SSE works through a program of evidence-based policy analysis, multistakeholder forums and technical assistance and advisory services. PBR
BPNG 2024 REPORT MARKS YEAR OF REFORM, INNOVATION AND FINANCIAL STRENGTH
by: Roselyn Erehe
The Bank of Papua New Guinea (BPNG) has submitted its 2024 Annual Report and Financial Statements to the Minister for Treasury, in accordance with the Central Banking (Amendment) Act of 2024. The report captures a pivotal year marked by structural reform, digital innovation, monetary tightening, and renewed focus on institutional integrity.
The timely submission of the report reflects the Bank’s commitment to transparency, discipline and legal compliance.
It outlines the central bank’s operational performance, policy direction and audited financial results for the year ending 31 December 2024.
“Publishing our Annual Report is more than a legal obligation. It is an important mechanism for communicating the work of the Bank and being accountable to the people of Papua New Guinea,” Governor Elizabeth Genia said.
The Bank recorded a net operating profit of K242.2 million (approx. US$65 million), a significant increase from K44.2 million (approx. US$11.8 million) in 2023.
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Operating income rose to K770.1 million (approx. US$207 million), largely due to stronger returns from foreign currency investments, while total expenditure was contained at K527.9 million (approx. US$142 million). The distributable profit remains under Retained Earnings, pending a decision by the Board.
In a separate press release, the Bank confirmed a dividend payment of K48.5 million (approx. US$13.1 million) to the National Government as part of its reporting process. This transfer reflects the allocation of distributable profit from the net operating profit of K242.2 million (approx. US$65 million), in accordance with statutory requirements following independent audit and review. The process is consistent with international central banking and accounting standards, and forms part of the Bank’s annual financial cycle, the bank said.
Under the amended Central Banking Act, 80 percent of distributable profit is retained in the General Reserve Account until minimum capital thresholds are met. The Bank also recorded K837.8 million (approx. US$225 million) in unrealised gains transferred to the Unrealised Profits Reserve, and K114.1 million (approx. US$30.6 million) to the Gold Reserve, in line with international accounting standards. No funds were transferred to the General or Building Reserve accounts in 2024.
A major development during the year was the passage of the Central Banking (Amendment) Act 2024, which followed Phase II of the Independent Advisory Group (IAG) review. The legislation restructured the Bank’s governance and formally established a new Monetary Policy Committee (MPC), which will take over responsibility for setting monetary policy from 2025.
Throughout 2024, the Bank maintained a tightening monetary stance to address foreign exchange imbalances, contain inflation, and absorb excess domestic liquidity. Key reforms under an IMF-supported programme included the implementation of an interest rate corridor, adjustments to the cash reserve requirement (CRR), and the launch of weekly foreign exchange auctions.
By year-end, BPNG had conducted 26 foreign exchange auctions totalling more than US$1 billion, significantly reducing order backlogs and enhancing transparency. The kina depreciated by 6.8 percent against the US dollar during the year, under a managed “crawling peg” strategy intended to restore currency convertibility while managing inflation risks.
Despite currency depreciation, inflation remained contained. The trimmed mean inflation rate rose by just 3.3 percent over the year. However, the Bank noted that deposit and lending rates in the private sector were largely unresponsive to policy adjustments — highlighting continued weaknesses in the interest rate transmission mechanism.
Institutional reforms progressed in parallel. A new executive structure, aligned with the Bank’s Vision 2050 strategy, was approved by the Board. Each executive position is now explicitly linked to strategic priorities and key performance indicators.
Board Chair David Toua OBE commended the Bank’s operational discipline and ethics reforms. He acknowledged the dismissal of a number of staff involved in the manipulation of employee benefits, calling the swift action essential for maintaining the Bank’s credibility.
“Ethics is equally vital to governance,” Mr Toua said. “The integrity of BPNG must be beyond reproach.”
The Bank also continued to expand financial inclusion and digital innovation. It issued commercial banking licences to three new institutions: TISA Bank, Credit Bank PNG, and the state-owned National Banking Corporation (formerly People’s Micro Bank). These approvals marked the most significant expansion of PNG’s banking sector in years.
In March 2024, the Bank launched the Green Finance Centre in partnership with the Global Green Growth Institute (GGGI), the New Zealand Ministry of Foreign Affairs and Trade, and other development partners. The Centre supports the implementation of the Inclusive Green Finance Policy and aligns with PNG’s Third National Financial Inclusion Strategy.
The Bank also completed major technological upgrades, including enhancements to the Kina Automated Transfer System (KATS), expansion of mobile and digital payment services, and support for fintech development under its Regulatory Sandbox framework.
Regionally, BPNG maintained strong partnerships through forums such as the South East Asian Central Banks (SEACEN) group and the Pacific Islands Central Bank Supervisory College. It also contributed to PNG’s second Mutual Evaluation under the Asia Pacific Group on Money Laundering, which identified critical reforms needed to avoid grey-listing by the Financial Action Task Force (FATF).
Governor Genia reaffirmed the Bank’s long-term focus on inclusive growth, financial soundness, and institutional renewal. “None of this progress would be possible without the tireless work of our staff, the strategic guidance of the Board and the trust of the people of Papua New Guinea,” she said.
With the Monetary Policy Committee set to assume policy-making duties in 2025, and Vision 2050 implementation gaining momentum, the Bank of Papua New Guinea enters the new fiscal year with stronger financial, operational, and governance foundations, the report added. PBR
LOLOATA CHAMPIONS MARINE CONSERVATION ON MANGROVE DAY
In recognition of World Mangrove Day, Loloata Island Resort led a coastal rehabilitation activity involving resort guests, local staff and volunteers, highlighting its ongoing commitment to marine conservation, ecological restoration and sustainable tourism.
The event saw the planting of 58 Aegialitis annulata seedlings in polybags and the transplantation of 15 mature specimens along the shoreline between Overwater Suites Rooms 2 and 3. The initiative was guided by the resort’s resident marine biologist, Donnya Gordon and conservation officer, Elijah Haru, who provided guests with hands-on education on mangrove ecology and climate resilience.
The selected planting site was chosen based on ecological suitability, with Aegialitis annulata already present and thriving in the area. According to Donnya Gordon “This species is highly
adapted to the site’s salinity levels, rocky substrate and exposure to wave action, giving it a greater likelihood of survival and long-term ecological contribution.”
The activity drew participation from a diverse group of guests, including a mother and her four sons, three young cousins—one of whom expressed aspirations to become a marine biologist—and two Papua New Guinean social media influencers, Patronella Gawi and Dagia Aka. Their presence added a vibrant and engaging dynamic to the event, which was marked by an atmosphere of collaboration, curiosity and shared environmental purpose.
Guests received an introduction to the critical role of mangroves in maintaining coastal health, including their function as nurseries for juvenile marine organisms, natural carbon sinks and buffers against coastal erosion. Special emphasis was placed on Rhizophora stylosa, a
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dominant front-zone mangrove species with extensive ecological value in the region.
The activity was part of a broader programme initiated by Loloata Island Resort in collaboration with the Conservation and Environment Protection Authority (CEPA), local community members and students from the International Education Agency (IEA). The programme aligns with the resort’s long-term sustainability strategy, which includes regular coral planting, reef monitoring and educational outreach.
“Loloata is situated in an area increasingly impacted by development pressures and consistent plastic pollution ,” said Elijah Haru. “It is essential that we not only protect the remaining natural habitats, but also take proactive steps to rehabilitate degraded areas. Our initiatives aim to do just that—while also involving the next generation in environmental stewardship.”
The resort maintains a robust monitoring system for all conservation activities, including daily observations and data collection by the environmental team to assess survival rates and inform future restoration efforts. These efforts are critical to strengthening the resort’s coastal resilience and supporting the biodiversity of surrounding marine ecosystems.
Looking ahead, Loloata Island Resort intends to expand its guest engagement in conservation programmes. “We believe experiential education is a powerful tool,” said Donnya Haru.
“When guests participate directly in planting mangroves or restoring coral reefs, they leave with a deeper appreciation of their role in protecting the planet.”
The event underscored Loloata’s position as a leader in conservation-oriented hospitality in Papua New Guinea, and reaffirmed its commitment to safeguarding coastal ecosystems through science-based restoration, public awareness and inclusive participation. PBR
LAE CHAMBER OF COMMERCE INC
TOARE MASK FESTIVAL MARKS 20 YEARS WITH CULTURAL CENTRE OPENING AND UNESCO NOMINATION
by: Roselyn Erehe
The Toare Mask Festival has been successfully revived through a collaboration between TotalEnergies, the National Cultural Commission (NCC), and the Gulf Provincial Government. The two-day cultural event, held on 12-13 July, marked the 20th anniversary of the festival and the official opening of the Toare Cultural Centre.
First established in 2005, the festival was celebrated annually until 2014. It was revived in 2022 and continues to grow in prominence as a signature cultural event for the Gulf Province.
This year’s celebrations began on 12 July 2025 with an official launch attended by Gulf Provincial Administrator Clement Tare, TotalEnergies Managing Director Arnaud Berthet, and European Union Ambassador to Papua New Guinea Jacques Fradin, along with other distinguished guests.
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The following day saw the formal opening of the newly constructed Toare Cultural Centre, attended by Thomas Opa, member for Kerema Open and Minister for Finance; Alex Puki, research manager at the NCC (representing Executive Director Steven Enomb Kilanda); and Doris Apuka, representing UNESCO.
In his remarks, Minister Opa urged the local community to take ownership of the festival, stressing that it is not merely a cultural event but a vital expression of identity.
“We want the Toare Mask Festival to attract tourists from outside Papua New Guinea,” Minister Opa said. “The challenge over the past four to five years has been introducing international visitors to our unique culture through this traditional mask celebration.”
He also encouraged communities to preserve traditional knowledge and artefacts through the new facility.
“All the masks from the villages practising the mask culture must be stored at the cultural centre. We must understand the origins and purpose of each mask — this is an important event for us and must be promoted,” he added.
This year’s festival marked two decades since its inception and a major milestone in cultural preservation. The Toare Mask tradition is now undergoing nomination for inclusion on the UNESCO Intangible Cultural Heritage (ICH) List.
Following concerns about authenticity and the preservation of traditional masks, the NCC deployed two research officers to document the types of masks, their cultural significance, and the traditions associated with them. This research formed the basis for the formal nomination to UNESCO.
The Toare Mask tradition is the first from Papua New Guinea — and the wider Pacific region — to be nominated for inclusion on the UNESCO ICH List, a significant recognition of
the country’s rich intangible heritage.
To support the nomination, the Toare Cultural Centre was established. Initial funding of USD 10,000 (PGK 41,169.20) was provided by UNESCO, followed by PGK 20,000 from the NCC as the state party. The Gulf Provincial Government later contributed an additional PGK 80,000 to expand the facility.
Speaking at the event, Alex Puki of the NCC said: “The National Cultural Commission has never partnered with an international organisation like UNESCO to build a cultural centre in a province. This is the first time such an initiative has been undertaken.”
“This achievement reflects our commitment to preserving and promoting Papua New Guinea’s cultural heritage at the community level,” Puki said. “Through this collaboration with UNESCO and the Gulf Provincial Government, we are not only safeguarding the Toare Mask tradition but also creating a permanent space for cultural learning.”
The Toare Cultural Centre is expected to play a vital role in cultural education, particularly for younger generations. Traditionally, masks were stored in family homes, where they were vulnerable to damage or loss. The new centre offers a secure and respectful space for their preservation. PBR
CONSTRUCTION OF HONIARA AVIATION COMPLEX GATHERS PACE WITH EARLY MILESTONES ACHIEVED
Steady progress is being made on the new Honiara Aviation Complex Building, a key infrastructure component under the Second Solomon Islands Roads and Aviation Project (SIRAP2). The initiative is being implemented by the Ministry of Communication and Aviation (MCA) with support from the World Bank.
The contractor, China Railway Construction Engineering Group (CRCEG), has already completed the workers’ resting and storage areas and installed site noticeboards. Construction of the site office is also advancing steadily, while temporary utilities — such as water and electricity — are nearing completion.
Behind the scenes, technical work is moving forward. The finalisation of the Geotechnical Investigation Report marks a significant milestone, ensuring that the future structure will rest on solid, resilient foundations. In addition, final design documents have been submitted and are currently under review by the supervision consultant, Egis.
Foundation excavation works have also begun, signalling the transition into the next phase — structural construction. This brings actual progress under the design-and-build contract to 13 percent.
MCA Permanent Secretary Alwyn Danitofea underscored the importance of the facility in enhancing public service delivery.
“This new aviation complex building for MCA, CAASI, and Customs, Immigration, and Quarantine will ensure aviation
work can be conducted faster and more efficiently,” he said. The complex is being developed at Honiara International Airport and is seen as a critical investment to improve aviation management, operational coordination, and border control processes.
Looking ahead, the project team is focused on securing final stakeholder approvals for the design, implementing soil replacement in accordance with geotechnical specifications, and commencing concrete foundation works.
While early in its construction journey, the Honiara Aviation Complex is already laying the groundwork — literally and figuratively — for a more efficient and resilient air transport sector in the Solomon Islands.
The aviation complex is one of several transformative infrastructure projects being delivered under the SIRAP2 programme, which aims to improve connectivity, enhance safety, and unlock economic opportunities across Solomon Islands.
Other key projects include the construction of four new bridges in Malaita Province — Kolofe 1, Kolofe 2, Su’u Harbour, and Bira Bridges — to improve road connectivity and resilience; upgrades to major airports and airfields, including Honiara and Munda Airports, as well as the Santa Cruz (Lata) Airfield, to ensure safer and more reliable air transport; investments in air navigation systems in Makira-Ulawa and Temotu Provinces to enhance the safety of domestic flights; and support for regional airport maintenance to strengthen aviation infrastructure across the country. PBR
KING SOLOMON HOTEL SET FOR ICONIC TRANSFORMATION WITH $45-M REDEVELOPMENT
One of Honiara’s most recognisable landmarks is preparing for a bold new chapter, as King Hotel and Resorts Limited (KHRL) embarks on a $45 million redevelopment of the King Solomon Hotel.
A joint venture between the Solomon Islands National Provident Fund (SINPF) Board and the O’Neill Remington Group (ORG), KHRL is combining local insight with regional investment to revitalise the iconic property — a move that signals strong confidence in the long-term potential of the Solomon Islands’ tourism and hospitality industry.
The redevelopment follows KHRL’s acquisition of the King Solomon Hotel property in late February 2025. The SINPF Board purchased a 55% shareholding in the hotel for $50 million, while ORG will contribute $45 million to fund the modernisation as part of its 45% stake.
All necessary building permits have been approved by the Honiara City Council, and construction is scheduled to begin in September, following the Pacific Islands Forum Leaders’ Meeting. Hotel operations will continue throughout the project, with all current staff retained during the transition.
At the heart of the redevelopment is a bold architectural concept — three towering, modern “leaf hauses” along Hibiscus Avenue. Each will rise 18 metres high, merging traditional Solomon Islands design with contemporary building methods and hospitality standards.
The first leaf haus will feature a welcoming new hotel reception, café, public amenities and administrative offices. The second will house an open-plan commercial kitchen with cold and dry storage, an inhouse bakery, butchery and an 80-seat restaurant. The third structure is set to become the home of Honiara’s
first microbrewery and entertainment venue, complete with a bar and front-row views of the brewing process. All three air-conditioned structures will be constructed using steel, expansive glasswork and composite roofing styled after traditional leaf houses. They will be connected by an elevated glass walkway running parallel to Hibiscus Avenue — a visual tribute to Honiara’s welcoming and safe urban environment.
“I am delighted that we are kicking off stage one of a multistage redevelopment of the hotel,” said SINPF Chairman Sir Dr Jimmie Rodgers. “The first stage, which will include construction and fit-out, is expected to cost an estimated 50 million dollars and take around 12 months to complete. Employment for around 80 local construction workers will be created during the stage one development.”
ORG Chairman Peter O’Neill reaffirmed his group’s commitment to the project and to the Solomon Islands. “After seeing the strong performance of the King Solomon Hotel and the absolute support from locals and visitors alike to the changes since our involvement in late February this year, and the continued support of the government, I am very confident this further investment in the redevelopment of the hotel will yield strong financial results; excellent standards in hospitality in the nation’s capital; and provide new, long-term employment for Solomon Islanders,” O’Neill said.
“It will be an iconic building not just for Honiara, but for the entire Pacific — and a hospitality experience for locals and visitors alike that will set a new standard of excellence and fun in Honiara,” he added.
The King Solomon Hotel has long stood as a cultural landmark in the capital. With this redevelopment, it is set to become a symbol of growth, resilience and the future of Solomon Islands tourism — a destination where tradition and modernity meet under one roof. PBR
TE PACIFIC GROUP AND LIGHTSPEED FIJI JOIN FORCES TO ADVANCE ICT SERVICES IN FIJI
TE Pacific Group, through its Papua New Guinea operation TE PNG, has entered into a strategic partnership with Lightspeed Fiji to strengthen and expand information and communications technology (ICT) services across Fiji.
The partnership combines TE PNG’s proven experience in delivering large-scale ICT and critical communications projects across the Pacific with Lightspeed Fiji’s strong local market presence and service delivery expertise.
Together, the companies aim to provide businesses, government agencies and communities with reliable, secure and high-performance ICT solutions.
TE PNG is the core of TE Pacific Group, a technology integration company operating in Papua New Guinea, Solomon Islands, Australia and across the South Pacific. With more than 70 years of history in Papua New Guinea, TE has established itself as a leading provider of end-to-end critical communications and ICT infrastructure solutions.
On the other hand, Lightspeed Fiji is a leading Fijian ICT and internet services provider offering highspeed connectivity, cloud solutions and managed services to businesses, government and communities nationwide.
The company is Fiji’s first Starlink Authorised Reseller in the Pacific Islands and a Starlink vendor to the Government of Fiji.
“This partnership reflects our shared commitment to building a stronger, more connected Pacific,” said Robbie Huxley, managing director of TE PNG and CEO of TE Pacific Group.
“With Lightspeed Fiji’s local expertise and our regional capabilities, we can deliver enhanced ICT services and
critical communications that support economic growth, digital innovation and improved connectivity for the people of Fiji,” Huxley added.
Lightspeed Fiji Country Manager Dovi Kanaimawi said, “Working with TE PNG allows us to access world-class regional infrastructure while keeping a strong local presence. This means faster, more secure services, greater coverage and the capacity to meet Fiji’s growing ICT needs.”
Key focus areas of the partnership include:
Enhanced Connectivity — Leveraging Lightspeed Fiji’s Starlink Authorised Reseller status to connect sites across Fiji.
Improved ICT Infrastructure — Upgrading systems and services to meet international standards and increasing demand.
Business and Government Solutions — Providing enterprise-grade ICT services that support digital transformation.
Community Access — Expanding reach to underserved and remote communities in Fiji.
By combining international capacity with local expertise, TE PNG and Lightspeed Fiji aim to accelerate Fiji’s digital development and position the country as a regional ICT hub.
Richard Broadbridge, managing director of Lightspeed’s Papua New Guinea and Fiji operations, said that TE PNG and Lightspeed have enjoyed a close working relationship in Papua New Guinea for more than a decade.
“This Fiji partnership is a natural extension of our shared vision to deliver better services to customers across the Pacific,” Broadbridge said. PBR
Swire Shipping Introduces FirstEver Weekly Service Connecting North Asia to Papua New Guinea
Swire Shipping, a leading shipping company in the Asia-Pacific, announced a significant upgrade to its North Asia Express (NAX) service with the introduction of fixed-day weekly sailings and expanded capacity.
Effective 22 August 2025, the service will offer market-leading speed and reliability, significantly enhancing connectivity between the Chinese mainland, Hong Kong SAR and Papua New Guinea.
The upgraded NAX service will feature a weekly port rotation of Shanghai – Ningbo – Nansha – Hong Kong – Lae – Shanghai, with the fastest direct connection currently in the market from Lae to Shanghai.
Reliable trans-shipment connections to Solomon Islands, New Caledonia and Fiji will be available in Lae via Swire Shipping’s service network in the South Pacific, through its Papua New Guinea (PNG) fortnightly service and Pacific Weekly Express (PWX) service.
Randy Selvaratnam, chief commercial officer of Swire Shipping said that the upgrade reflects company’s ongoing commitment to supporting customer supply chains with dependable, high-frequency services across the region.
“Upgrading our North Asia Express (NAX) service to a weekly frequency doubles the number of sailings available to customers, giving them faster access to markets and more options to align shipments with production cycles, inventory needs and delivery timelines,” Selvaratnam said.
“This reflects our continued investment in expanding capacity
and high-frequency shipping solutions that support our customers’ evolving supply chain needs,” he added.
The upgraded NAX service will be the second in Swire Shipping’s comprehensive network in the Asia-Pacific to offer weekly connections into Papua New Guinea and the Pacific Islands. It follows the successful launch of the PWX service in February 2023, which connects Southeast Asia with Papua New Guinea, Solomon Islands, New Caledonia and Fiji on a weekly schedule.
The NAX service was first launched in July 2015 to provide a direct link between North Asia and the South Pacific, and was upgraded in October 2020 to a fixed-day fortnightly service to better support customers’ supply chains.
Swire Shipping, a leading shipping company in the Asia-Pacific, is the wholly owned, deep-sea shipowning and operating arm of the multinational Swire Group. Headquartered in Singapore, Swire Shipping is dedicated to facilitating and growing trade in the regions where it operates.
The company provides several high-frequency liner shipping services and integrated logistics solutions in the Asia-Pacific; transpacific services between North Asia and the Pacific Northwest; and specialist shipping services to the global project logistics market under the brand name Swire Projects.
The company specialises in providing a wide range of specialist customer solutions for containerised, project, heavylift, refrigerated, breakbulk and mini bulk cargoes. Swire Shipping maintains a worldwide agency network in addition to its own representative offices across the Asia-Pacific, Pacific Islands, North America and Europe, providing customers with dedicated service and expert market knowledge. PBR
Coral Coast Migration Service Integrity-Experience-Results
Nick van Voorst is an Australian Registered Migration Agent (MARN: 0640648), a Registered Education Agent (M042) and the owner of Coral Coast Migration Service.
He has studied Australian Migration Law at Griffith University in Brisbane and has been working as a Registered Migration Agent since 2006. He is a member of the Migration Institute of Australia and is based in Cairns.
The company provides professional advice for people wishing to apply for an Australian Visa and specialises in Student, Tourist, Employer Sponsored, General Skilled, Partner and other Family Visas, as well as Australian Citizenship Applications.
Business and English, and can assist with enrolments in other colleges and universities around Australia.
A Registered Migration Agent will make sure that your application is well presented, professionally prepared and meets all requirements.
The agent will assist with the completion of all necessary forms, collating of documents, preparation of submissions and the lodgement of your application. He will monitor the progress of your application and provide ongoing advice and liaise with the Department of Home Affairs on your behalf.
All Australian Registered Migration Agents must have Immigration Law qualifications and must abide by a strict Code of Conduct.
We are also Registered Education Agents and represent Education Queensland International, Cairns College of to Page 64
We offer reasonable, fixed fees, agreed upon in advance, excellent, regular communication, support and feed-back.
Our Services:
• Enrolments with selected education providers
Medical insurance
• Student and student guardian visa
Partner, skilled and employer sponsored visas
• Citizenship Education Queensland International (EQI) develops and promotes programs for international students who want to study at a Queensland Government primary or secondary school.
Education Queensland International has more than 95 schools in Cairns, Townsville, the Fraser Coast, the Gold Coast, the Sunshine Cost and Brisbane that welcome international students to study the Queensland curriculum.
This includes primary schools that offer programs from Prep to Year 6 and high schools that offer programs from Year 7 to 12, including the International Baccalaureate.
These schools provide an internationally recognised academic
curriculum, and many offer vocational training and special programs. Extra-curricular activities are also available.
Most schools are close to universities and Technical and Further Education (TAFE) institutions, and many have partnerships with them that could benefit students. This includes an easy path to further study and future goals.
International students enrolled in primary school must stay with a parent or Department of Home Affairs (DHA) approved relative. If you are a high school student, you may choose to live with a parent or a close relative who lives in Queensland.
The alternative accommodation option for high school students is staying with a local Queensland family from your school. This is called a homestay. Staying with a local family is a great way to enjoy the Australian way of living.
Important: enrolment application deadlines:
• Term 1, 2026: 19 September 2025
Term 2, 2026: 10 January 2026
• Term 3, 2026: 13 February 2026
Term 4, 2026: 26 June 2026
For further inquiries, please visit our website: https://www. coralcoastmigrationservice.com.au/ PBR
Weir appoints new APAC Minerals Division Managing Director
Weir is pleased to announce the appointment of Mick Henderson as Regional Managing Director for the Minerals Division in the AsiaPacific (APAC) region, effective immediately.
Mick brings a wealth of experience and a proven track record of delivering results across Eastern Australia and the Pacific Islands. His deep regional insight and customer-first mindset underscore Weir’s commitment to supporting mining and resources customers with innovative solutions, responsive service and operational excellence.
Since joining Weir in 2017, Mick has led teams across Queensland, Papua New Guinea, New South Wales and the Pacific Islands. Most recently, as Director – East, he focused on delivering value to mining and resource customers in the region through tailored service and support.
In his new role, Mick will focus on expanding Weir’s regional presence, strengthening customer partnerships and ensuring consistent delivery of high-performance solutions across the full product portfolio.
“I am dedicated to driving Weir’s mission by working collaboratively to deliver innovative, sustainable solutions and superior service. With our talented team, I am inspired to build on our strong foundation and reach new heights together,” said Mick Henderson.
Founded in 1871, The Weir Group PLC is one of the world’s leading engineering businesses, with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste, while reducing customers’ total cost of ownership.
Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology, including the need for more essential metals to support economic development and carbon transition. The Group has approximately 12,000 employees operating in over 50 countries, with a presence in every major mining region of the world. Find out more at www.global.weir. PBR
