Pacific Business Review - Issue 2, 2025

Corporate Headquarters 540 Magsaysay Road, Barangay San Antonio, San Pedro, Laguna, Philippines 4023 T: +63 2 886 3170 | +63 2 833 6304 F: +63 2 886 3244 Papua New Guinea HBS Compound 11 Mile-Okuk Highway.

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CONNECTING PNG TO THE WORLD Our ports connect Papua New Guinea to the world and importantly, they connect us to each other – uniting communities, strengthening supply chains, and supporting our people. We’re building prosperity for generations to come.

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Corporate | Business | Leisure We always give our guests reasons for coming back

Marriott Executive Apartments Port Moresby Marriott Executive Apartments Port Moresby, a waterfront property near the city centre, is nestled within the vibrant Harbourside South development. Featuring 88 luxury apartments with premier hotel services, it caters to both short- and long-term travellers. Guests can enjoy breathtaking ocean views and access to exclusive leisure facilities within the Harbourside Precinct.

A selection of spacious bedrooms and penthouses offers the perfect balance of comfort, privacy, and residential-style living. Additionally, guests have access to Executive Boardrooms and indoor and outdoor event spaces on the 11th floor, boasting panoramic views of the harbour and city skyline. For fitness enthusiasts, gym memberships are now available.

Update on Coral Sea Hotels The next two years will be an exciting period of transformation as we undertake extensive renovations across six of our hotels—including five Coral Sea-branded properties and our flagship, Grand Papua Hotel. These projects are a significant step in rejuvenating our portfolio, ensuring an enhanced experience for our guests.

As part of our commitment to comfort, hygiene, safety, and security, we have taken a major step by embarking on SafeHotels certification across all our properties. Grand Papua Hotel has been awarded Premium SafeHotels status, while Gateway Hotel & Apartments received certification at the end of 2024. SafeHotels sets globally recognized safety, security, and hygiene standards through independent on-site assessments by industry experts. Notably, Grand Papua and Gateway are the first hotels in all of Australasia and the Pacific Islands to achieve this certification - let alone Premium status.

Renovation works have began at Gateway Hotel, with Ela Beach hotel and Grand Papua hotel are set to start in quarter two of 2025, followed by The Highlander (Mt Hagen), Bird of Paradise (Goroka), and Huon Gulf Hotel (Lae) in 2026. These upgrades will introduce newly refurbished rooms and apartments, state-of-the-art meeting spaces, and exciting new food and beverage offerings, further elevating the Coral Sea Hotels experience.

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Features: Versatile Meeting Spaces – From intimate boardrooms to grand ballrooms Premium Comfort – Stylish seating and state-of-the-art amenities Prime Locations – Airport, city, and beachfront venues across the country Dynamic Breakout Spaces – Designed for collaboration and networking Cutting-Edge Technology – Fully equipped to meet all your event needs Award-Winning Catering – Exceptional culinary experiences tailored to your guests Ample Parking – Hassle-free access for all attendees Unrivalled Expertise – The most experienced and reliable venue management team in PNG Let us transform your event into an extraordinary experience—where every detail is meticulously planned and well executed.

I S S UE 2 , 2025

C ONTENTS BUS I N E S S

10 11

Pacific Growth to Accelerate in 2025 on Resource Strength — ADB

20

New Caledonian Delegation Highlights Innovation at Pacific Infrastructure Conference

24

East Micronesia Cable Makes Final Landing in Kosrae, FSM

26

Pacific Infrastructure Conference 2025 Unites Regional Leaders

12

EU-Pacific Forum Spotlights Digital Trade Opportunities

27

Pacific Resilience Facility Launches Capitalisation Memorandum for Investors at UNGA80

14

Fiji Commits to Deeper Emissions Cuts, Seeks Fairer Financial System for SIDS

28

PNG Marks 50th Independence with Global Leaders, Cultural Pride and Economic Opportunities

15

Fiji Launches Landmark Groundwater Mapping Initiative with Australian Support

16

Fiji Minister Praises Korean Saemaul Undong Model for Driving Rural Transformation

18

Fiji, Tonga and Vanuatu launch landmark programme to decarbonise shipping

20

PM Manele Highlights Solomon Islands’ Leadership In Ocean Governance At Bloomberg Global Forum

32

PNG, Solomon Islands Launch Business Council to Deepen Ties

21

Prime Minister Manele Meets French Ambassador in Port Moresby

34

Rabuka, Modi Reaffirm Fiji–India Ties, Ink Five Key Agreements

22

PM Marape Urges Trade and Investment at US–Pacific Islands Business Forum in New York

36

Solomon Islands Establishes Diplomatic Ties With North Macedonia

23

Marape-Rosso Government Begins Mid-Term Review of National Trade Policy

37

Tuvalu Shifts Focus to Local, Regional Solutions as Climate Talks Falter

AG R I C U LTU R E

E NE R GY

40

CEMA Explores Partnership with Australian Firm to Boost Agriculture

52

ADB, Sun Pacific Energy Ltd Sign US$2.8 Million Loan To Boost Samoa’s Solar Power Capacity

60

Cook Islands Weighs Extension of Deep Sea Mining Exploration Licences

41

Japanese Experts to Install First Fruit Treatment Facility in Solomon Islands

62

Great Pacific Gold eyes deeper potential at Wild Dog project in PNG

42

53

Bluemont Secures Exclusive Rights to Solar Desalination Technology in Australasia and the Pacific

Singh Reaffirms Government’s Commitment to Sugar Industry Revival

54

Fiji Signs MOU to Establish Solar Technology Centre at FNU

55

63

Solomon Islands Elected to Irena Council for 2025–2027

C OMPAN Y

44

PNG CR Services teams up with Australian firm to bring dome shelters to Papua New Guinea

46

PNG Ports Sees New Generation of Leadership

48

Remington Group: A 77-Year Journey of Innovation in PNG

49

Weir unveils new ENDURON® crushers designed to deliver safer, smarter, and more sustainable mining operations

50

Swire and Steamships Expand Educational Investment in Hula Village with Third Double Classroom Project

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m i ni ng

65

Lion One Lifts Gold Production And Development at Tuvatu Mine Papua New Guinea Extends Woodlark Mining Lease

F I N A NCE

tou ri sm

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Fiji Launches Ground-Breaking Climate Financing Partnership to Strengthen MSME Resilience

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Fiji Airways Makes History with Global World Class Airline Award

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Fiji Government Receives $146 Million In Profits From Reserve Bank

68

Kerzner to Open First One&Only Resort in Fiji

59

World Bank Names New Division Director for Papua New Guinea, Solomon Islands and Vanuatu

70

Visitor Arrivals to Solomon Islands Rise 21 percent in Second Quarter of 2025

72

USP, SPTO launch Pacific Tourism Research Institute to boost sustainable growth

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E DI TOR’s n ote

ON THE C OVER Pacific Business News is published for the pacific business community.

PUBLISHER Elizabeth Galura

E DITOR James Galvez editor@eagle-publishing.com

C O N S U LT IN G E D ITOR Jimbo Owen Gulle

jo u rn alist Roselyn Erehe

A dv e rt i sin g m an age r Greg Brimble +675 76810995 / +63 995117 5836 greg@pngbusinessnews.com

Sa l e s a n d m ark e t in g m an age r Matthew Brimble +61 468 853 583 info@pacificbusinessreview.com

AC C O U N T M AN AGE R Daren Counsel +675 7734 3143 / +63 926 024 0076 daren@pngbusinessnews.com

G r a phic d e sign e r Raphael Jethro Borja

Commentaries and contributed articles published in this magazine are the views of their authors and do not necessarily 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.

E d i to r ial Office 2nd Floor, Suite 6, Corithians Plaza Building, Paseo de Roxas, Legazpi Village, Makati, Philippines +632 8251 5599 info@pacificbusinessreview.com Digital Online Edition www.pacificbusinessreview.com

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Papua New Guinea marks its 50th Jubilee Independence Celebration. – Image supplied by NCDC PR

W

elcome to Issue 2, 2025 of Pacific Business Review. This issue comes at a remarkable time for our region as the Pacific Islands celebrate milestones, chart new trade directions and strengthen cooperation in the face of shared challenges.

In these pages, we capture the Pacific’s growing voice on the global stage — from Papua New Guinea’s Golden Jubilee of Independence to new developments in digital trade, infrastructure, and climate resilience.

Our stories reflect a region that is not standing still, but actively shaping a more connected, innovative, and sustainable future.

Our coverage begins on page 10, where the Asian Development Bank delivers an upbeat assessment in Pacific Growth Outlook Upgraded as Resource Exports Rise, highlighting stronger prospects for 2025 and 2026.

On page 16, Fiji, Tonga and Vanuatu Lead Regional Push to Decarbonise Shipping charts the course towards a cleaner, more sustainable maritime sector.

By page 22, we shift to New York for UN Launches Pacific Resilience Facility to Fund Climate Adaptation, a major milestone in financing the region’s climate efforts. Then, on page 28, Papua New Guinea’s Prime Minister James Marape calls for deeper Pacific–US trade ties in his international address, reaffirming the importance of partnerships to regional prosperity.

Coverage of the Pacific Infrastructure Conference in Brisbane follows on page 34, exploring new investment commitments and opportunities shaping the region’s future. Finally, our stories on tourism, finance, and agriculture, starting on page 46, spotlight local innovation, resilience, and enterprise across the islands.

As always, we thank you — our readers, partners, and contributors — for your continued trust and support. With your engagement, Pacific Business Review will continue documenting the people, policies, and progress driving the Blue Pacific economy forward.

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BUSINESS

I S S UE 2 , 2025

PAC IF IC GROW TH TO AC CE LE R AT E I N 2025 ON RE SOUR CE S T R E NGT H — AD B Economic growth in the Pacific is expected to pick up next year, buoyed by strong resource output in Papua New Guinea (PNG), according to the Asian Development Outlook (ADO) September 2025, released on 6 October by the Asian Development Bank (ADB).

The report projects Pacific economies to expand by 4.1 percent in 2025, before moderating to 3.4 percent in 2026, an upward revision from the April forecast. The ADB attributed the improvement mainly to the mining and petroleum-driven performance of PNG, the region’s largest economy.

“While it is good news that growth will accelerate in the Pacific subregion this year and inflation forecasts are adjusted down, geopolitical and trade tensions still pose risks to growth,” said ADB Director General for the Pacific Emma Veve. “ADB remains committed to helping build resilience to potential shocks such as extreme climate events and disruptions to global supply chains.”

PNG’s economy is forecast to grow by 4.6 percent in 2025, before easing to 3.6 percent in 2026 as output from major resource projects stabilizes. Inflation projections remain unchanged. The report said that new investment decisions in mining, petroleum, and related sectors could provide an additional boost to growth.

In Fiji, the Pacific’s second-largest economy, growth is forecast to remain steady at 3.0 percent in 2025, but to slow in 2026 due to the indirect impact of United States tariffs on its key trading partners. Inflation is expected to ease over the next two years as fiscal measures and lower global commodity prices help reduce consumer costs.

ADB said Fiji continues to face “large shocks due to limited fiscal buffers and climate risk,” but ongoing reforms and new spending on water security and coastal protection should strengthen long-term resilience.

In Solomon Islands, growth is expected to hold steady at 2.9 percent in 2025 and 3.2 percent in 2026, with the inflation outlook revised upward for next year before easing slightly in 2026. The government’s recent shift to an expansionary monetary policy is expected to support growth while keeping inflation contained. PBR

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EAS T MICRONE S I A CA B LE M A K E S FINAL L ANDING I N KO S R A E , FS M

The East Micronesia Cable has reached its final Pacific destination with a successful landing in Kosrae, bringing the region one step closer to faster and more reliable internet connectivity.

The milestone was marked by a ceremony on Kosrae’s shores as the cable lay ship Normand Clipper floated the undersea cable to land, guided by the ceremonial buoy. Leaders and community representatives gathered to celebrate, reflecting a shared hope that the project will transform digital opportunities for the islands.

Among those present were FSM Vice President Aren Palik, Kosrae State Governor Tulensa Palik, and FSM Congress Senators Yoselyn Sigrah and Johnson Asher, joined by senior officials from national and state governments as well as funding partners Australia, Japan and the United States.

“This cable will play an essential role in securing FSM’s digital future,” said Sarah McCarthy, Australia’s Chargé d’Affaires to FSM. “Australia is proud to celebrate this milestone alongside our partners and invest in critical infrastructure that meets the priorities of communities across the Pacific.”

The AUD 135 million project is fully grant funded through the Australian Infrastructure Financing Facility for the Pacific (AIFFP), together with Japan and the United States. Stretching 2,250

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kilometres, the undersea cable will connect Tarawa in Kiribati, Nauru and Kosrae to the existing HANTRU-1 landing point in Pohnpei, FSM. Once operational, the East Micronesia Cable will serve more than 100,000 people across the three nations, delivering faster, more affordable internet and opening access to education, health services, information and global markets.

It is also expected to boost trade, employment and the reach of digital government services.

For island nations already vulnerable to climate change, the cable brings another form of resilience. Improved connectivity will help governments respond more effectively to natural disasters while reducing the risk of service outages during severe weather.

The Kosrae landing follows earlier ones in Kiribati and Nauru.

With all connections now in place, the East Micronesia Cable is on track to be ready for service by November 2025.

For many in the islands, the landing was more than a technical achievement—it symbolised the bridging of distance and the promise of a more connected Pacific future. PBR

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BU S I N E S S

E U-PACIFIC FORU M S POT LI GH T S DIG ITAL TRADE O PPO RT U NI T I E S The first EU-Pacific Business Forum convened in Nadi on 4–5 September, drawing together government officials, business leaders, and development partners to explore new avenues of trade and investment between the two regions.

Over two days, the Forum featured panel discussions, networking events, and direct business-to-business and business-togovernment meetings. Sessions covered a wide spectrum of priorities — from renewable energy and climate resilience to sustainable aquaculture, port development, tourism, and digital infrastructure — underscoring the shared aspirations of Europe and the Pacific to strengthen ties in the Blue Pacific economy.

One of the most dynamic exchanges came during a breakout session on “E-commerce and Digitally Delivered Services,” moderated by Andrea Ibba, Pacific E-commerce Coordinator at the Pacific Islands Forum Secretariat.

The conversation delved into the realities Pacific entrepreneurs face when entering the digital economy. Ulisese Rimoni, Fairtrading Officer at Samoa’s Ministry of Commerce and Industry; Brett BAUD inet, founder of Cook Islands-based SmartieApp; and Aurore Klepper, Director of French Tech Nouvelle-Calédonie, each shared perspectives on both the barriers and the potential of e-commerce in the region.

Among the challenges highlighted were infrastructure gaps, regulatory delays, payment obstacles, and shortages of digital skills. Yet, the panellists also pointed to concrete opportunities — from policy alignment and EU partnerships to targeted support for start-ups.

A call for practical solutions Key proposals from the session included establishing a Pacific digital trade legal partnership to boost payments, skills, and consumer trust; creating direct funding mechanisms for digital projects without multiple intermediaries; fast-tracking regulatory frameworks to give businesses clearer ground rules; and forging stronger ties with EU firms to access specialised technical expertise.

Other ideas raised were exploring open banking to drive fintech innovation and investing in the social and cultural aspects of entrepreneurship to keep talent anchored in Pacific communities.

Ibba reminded participants that many of these requests resonate with the Pacific Regional E-commerce Strategy and Roadmap, endorsed by Forum Trade Ministers in 2021. That roadmap is being

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for is action. The Pacific E-commerce Initiative, with its governance and knowledge platforms, is already in place.

What we need are partners who are ready to contribute, whether through finance, technology, or capacity building.”

Linking business to regional frameworks The Initiative, Ibba noted, is backed by a monitoring and evaluation system as well as the Pacific E-commerce Portal — a regional public good that provides data, resources, and training materials for both government and private sector use.

advanced through the Pacific E-commerce Initiative, which provides the region with a structured governance framework — including the Pacific E-commerce Committee, its Private Sector and Development Partners Sub-committees, and the Pacific E-commerce Alliance.

By weaving together the experiences of businesses with existing regional strategies, the Forum highlighted how EU-Pacific cooperation in the digital economy can become more inclusive, resilient, and responsive to real-world needs.

As the Forum closed, the message was clear: the Pacific is not just seeking dialogue but tangible partnerships that can help the region take its next leap in digital trade. PBR

He also underlined the importance of the supporting systems: “Workshops and panels are valuable, but what businesses are asking

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F IJI C OMMITS TO D E E PE R E M I S S I O N S CU T S, SEEKS FAI R E R FI NA NCI A L SYS T E M FOR SIDS Fiji has pledged to increase its energy sector emissions reduction target from 30 to 36 percent.

Prime Minister Sitiveni Rabuka announced the commitment at the UN Secretary-General’s Special High-Level Event on Climate Change held on the sidelines of the 80th session of the United Nations General Assembly.

In his address, Rabuka said Fiji’s Nationally Determined Contributions (NDCs) served as the country’s prospectus to access the finance, technology and expertise needed to supplement national resources.

“Fiji is firmly committed to harnessing indigenous forms of energy and the phasing out of fossil fuels,” he stated. “We also target to produce 100 percent of our electricity from renewable energy sources by 2035.”

The Prime Minister stressed the urgent responsibility of major emitters, citing the recent International Court of Justice Advisory Opinion which confirmed that states have a binding obligation to act in line with science, fairness and equity.

“Large polluters must take substantial, rapid, and sustainable measures to reduce greenhouse gas emissions. COP30 in Belém must be a turning point,” he urged, calling on leaders to show courage, political will, and ambition to secure a sustainable future for all.

The high-level event provided a platform for countries to present their upcoming NDCs and outline new climate commitments.

Meanwhile, Rabuka has called for urgent reforms to the global financial system to better support vulnerable nations, particularly Small Island Developing States (SIDS), in achieving the Sustainable Development Goals (SDGs).

Speaking at the Biennial Summit for a Sustainable, Inclusive and Resilient Global Economy held on the sidelines of the 80th session of the United Nations General Assembly, Rabuka highlighted the USD $4 trillion financing gap faced by developing countries. He also pointed to the added strain of climate change and frequent natural disasters on Fiji’s economy.

He stressed that building sustainable and resilient economies requires greater investment in infrastructure, health and education.

“Our plight is urgent. We need a financial system that is cognizant of our reality,” he said.

The Prime Minister urged international financial institutions to adopt the Multi-dimensional Vulnerability Index (MVI) when assessing the challenges faced by SIDS, and called on leaders to implement the Seville Compromise to help close the funding gap.

“As we march into the final quarter of the 2030 Agenda, we must scale up efforts to meet our commitments, especially for nations in special situations like SIDS,” Rabuka concluded. PBR

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F iji l aunche s l a nd m a r k g r ou ndwater m a ppi ng i ni t i at i v e wit h Australia n s u ppo rt

Fiji has embarked on its most comprehensive groundwater survey to date, aiming to strengthen water security and resilience on its largest island, Viti Levu.

The survey employs helicopter-mounted sensors to detect water resources at depths greater than 300 metres.

Officials stressed the technology is non-invasive, requires no ground disturbance and is safe for people, livestock and the environment.

The Ministry of Lands and Mineral Resources, in partnership with the Australian Government through Geoscience Australia, launched a national initiative that will use advanced airborne electromagnetic (AEM) technology to map underground water reserves. The Pacific Community (SPC) is also providing technical support.

Dr Paula Vivili, SPC Deputy Director General for Science and Capability, said the initiative reflects the growing importance of data-driven water management in the Pacific.

Officials said the programme is Fiji’s biggest investment so far in the scientific assessment of its water resources. It comes as the country faces mounting pressure on freshwater supplies, with nearly half of treated water lost through ageing infrastructure and many rural communities relying on shallow, unreliable wells.

Minister for Lands and Mineral Resources Filimoni Vosarogo described the initiative as a breakthrough in safeguarding Fiji’s water future.

“We are proud to support Fiji’s groundwater mapping initiative, which represents exactly the kind of sciencebased approach needed to address water security challenges across our region,” he said. “Our decades of experience with electromagnetic surveys and groundwater assessment in Pacific Island countries have shown these technologies can provide crucial data for communities facing increasing climate pressures.”

“This comprehensive assessment will provide the scientific foundation needed to secure water resources for all Fijians, particularly as we face the growing impacts of climate change,” he said.

Survey results will provide government agencies, development partners and communities with detailed three-dimensional maps of groundwater distribution, quality and yield potential. These findings will guide long-term water infrastructure investment, drought preparedness and local water management.

He added: “This partnership is a major breakthrough in our efforts to provide reliable groundwater data across Fiji. It means our rural and maritime communities, many of whom rely solely on groundwater, will benefit from science-based planning to ensure safe and sustainable water access.”

Officials said preliminary results are expected within months and will immediately inform water security planning. Communities will be engaged throughout the process to ensure findings translate into practical, locally led solutions. PBR

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F IJI MINISTER PR A I S E S KO R E A N SAE MAUL UNDO NG M O D E L FO R D R IV ING RURAL T R A NS FO R M AT I O N

Fiji’s Minister for Rural and Maritime Development and Disaster Risk Management Sakiasi Ditoka has hailed the Saemaul Undong (SMU) initiative as a catalyst for rural transformation, citing its positive impact in three pilot communities.

Speaking at the Saemaul Undong Ministerial Conference, Ditoka expressed Fiji’s gratitude to the Government and people of the Republic of Korea for their generosity and continued support. He said the programme was going beyond infrastructure delivery to reshape how rural Fijians viewed and led development, guided by the principles of diligence, self-help and cooperation.

“Through the Saemaul Undong programme, we are not only building facilities, but we are also strengthening community leadership, instilling financial discipline, and nurturing a culture of self-reliance. The true transformation lies in building the mindset and resilience of our people,” Ditoka said.

The minister pointed to achievements in the three pilot villages of Mau in Namosi, and Silana and Namasimasi in Tailevu. These included upgrading village halls and health facilities, developing eco-tourism ventures, constructing resilient evacuation centres, establishing cooperative income-generating projects and improving waste management, sanitation and agricultural practices.

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From these pilots, he said, key lessons had emerged such as strengthening the savings culture, ensuring good governance, enhancing financial literacy and encouraging sustainable income projects. These, he stressed, were essential to building resilient, inclusive and sustainable rural development.

“As we celebrate these achievements, we must also remember that this progress has been made possible through the generosity of the Korean people. We remain committed to using this support wisely, transparently, and accountably. Mau, Silana, and Namasimasi now stand as living examples of how Saemaul Undong can be adapted and thrive in the Pacific,” Ditoka said.

On the margins of the conference, Ditoka held a bilateral meeting with the President of Saemaul Undong, Mr Kim Kwang Lim, which he described as “fruitful.” The discussions focused on expanding the SMU partnership in Fiji, particularly identifying the next group of villages to be piloted under the initiative.

The two leaders also explored capacity-building opportunities for local leaders to strengthen their understanding of SMU principles and integrate them into the Ministry’s rural development programmes and the forthcoming National Rural Development Policy.

Ditoka said such alignment would ensure long-term sustainability and stronger community-led development.

“The partnership with Saemaul Undong has already demonstrated tangible benefits in Fiji’s pilot villages, and its expansion will deepen resilience, promote self-reliance and strengthen inclusive rural development across the country,” he said.

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While in Korea, the minister also paid a courtesy visit to the Korean National Disaster Management Institute (NDMI). Discussions with the NDMI team centred on capacity-building opportunities, knowledge sharing in disaster management and understanding the institute’s operational framework. Ditoka said such exchanges were vital to strengthening Fiji’s disaster preparedness and resilience strategies.

He reaffirmed Fiji’s commitment to deepening partnerships with Korea through initiatives that not only support rural development but also build resilience against disasters and climate risks. PBR

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Fiji, Tonga and Vanuatu l aunch l andmark programme to decarbonise shipping Pacific nations Fiji, Tonga and Vanuatu have joined forces with the Republic of Korea and the Global Green Growth Institute (GGGI) to launch a landmark regional initiative aimed at decarbonising maritime transport.

The USD 9 million, five-year programme, officially launched at the Grand Pacific Hotel in Suva in August, will help the three island states transition towards low-carbon shipping while strengthening resilience to climate change.

Funded by Korea’s Ministry of Oceans and Fisheries and implemented by GGGI in close partnership with the participating governments, the initiative will develop national low-carbon maritime transport roadmaps, set up monitoring, reporting and verification (MRV) systems, pilot Alternate Marine Power (AMP) systems in ports and build institutional capacity to attract green investment.

Minister for Public Works, Meteorological Services and Transport Ro Filipe Tuisawau said the programme was central to Fiji’s climate and economic ambitions.

He stressed that the programme supports Fiji’s Nationally Determined Contribution under the Paris Agreement and aligns with the International Maritime Organization’s revised strategy to achieve net-zero emissions by 2050.

Tonga’s Deputy Prime Minister and Minister of Infrastructure Dr. Taniela Fusimalohi highlighted the role of shipping in connecting island communities, while Vanuatu’s Acting Director of Ports and Marine Department Mr. Robson Tari noted the opportunity to modernise fleets and invest in sustainable infrastructure.

Chargé d’Affaires of the Korean Embassy in Fiji Mr. Myong Jun Kim reaffirmed his country’s commitment to sharing expertise and technology, and GGGI Pacific Regional Director Mr. Sakiusa Tuisolia described the initiative as “a landmark example of cooperation to address climate change while driving inclusive green growth.”

Over the next five years, the programme aims to bridge knowledge and capacity gaps, support national strategies and roll out scalable solutions such as AMP systems.

Officials said its ultimate goal is to deliver cleaner ships, greener ports and resilient maritime transport systems for Fiji, Tonga and Vanuatu — creating a model for the wider Pacific. PBR

“Decarbonising our shipping sector is both an environmental necessity and an economic opportunity,” he said. “Through this partnership with the Republic of Korea, GGGI and our Pacific neighbours, we aim to strengthen regulatory frameworks and build the skills needed to deliver cleaner, more efficient maritime transport for all Fijians.”

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BUSINESS

I S S UE 2 , 2025

PM M ANELE HI GHLI GHT S S O LO M O N ISL ANDS’ LEADE R S H I P I N O CE A N G OV ERNANCE AT B LO O M B E R G G LOB AL FORUM Prime Minister Jeremiah Manele underscored Solomon Islands’ leadership in advancing ocean conservation and sustainable development during a high-level roundtable at the 2025 Bloomberg Philanthropies Global Forum in New York.

The forum, held alongside the United Nations General Assembly, convenes world leaders, philanthropists and private sector representatives to explore solutions to pressing global challenges.

Through discussions and side events, participants exchanged ideas, built partnerships and identified actionable solutions on issues including climate resilience, ocean governance and sustainable economic development.

During the roundtable at The Plaza Hotel, Manele shared Solomon Islands’ perspective on regional and global ocean governance. He pointed to the historic ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, which reached its 60-country threshold this week and is expected to enter into force in early 2026.

While welcoming the milestone, he stressed that the treaty’s effectiveness will depend on being complemented by strong conservation and sustainable-use measures within national jurisdiction. He said only through this dual approach could the health and resilience of the world’s oceans be secured.

The Prime Minister also highlighted the Melanesian Ocean Reserve (MOR) initiative, a Solomon Islands-led effort integrating Indigenous knowledge with modern science to safeguard biodiversity and deliver sustainable economic benefits for Ocean Peoples.

“The BBNJ Agreement and regional initiatives like the Melanesian Ocean Reserve illustrate the growing momentum toward collaborative ocean governance. Solomon Islands remains committed to protecting our oceans for current and future generations,” Mr Manele said.

He also noted the importance of regional collaboration, philanthropy and innovative partnerships to implement ocean conservation strategies effectively.

Other leaders who joined the roundtable included Fiji’s Prime Minister Sitiveni Rabuka; Wesley Simina, President of the Federated States of Micronesia; Feleti Teo, Prime Minister of Tuvalu, along with representatives from philanthropic and international organisations. PBR

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PRIME MINISTER MANELE MEETS FRENCH AMBASSADOR IN PORT MORE SBY Prime Minister Jeremiah Manele met with the French Ambassador to the Pacific Veronique Roger-Lacan for bilateral talks on the sidelines of regional engagements in Port Moresby.

The ambassador congratulated Prime Minister Manele on Solomon Islands’ successful hosting of the 54th Pacific Islands Forum Leaders’ Meeting in Honiara.

The Prime Minister briefed her on key outcomes, including: •

Endorsement of the new Partnership Policy

•

Signing of the Pacific Resilience Facility Treaty

•

Declaration on Peace in the Blue Pacific

“We are pleased with the outcomes of the Forum Leaders’ Meeting, and we look forward to working with our partners to implement these initiatives,” Manele said.

The two leaders discussed the situation in New Caledonia, with Ambassador Roger-Lacan outlining France’s commitment to an inclusive and peaceful process.

“France is committed to an inclusive and peaceful process in New Caledonia, and we stress the importance of dialogue and non-violence,” she said.

Manele reaffirmed Solomon Islands’ support for constructive regional dialogue and cooperation. “As Chair of the PIF Troika, we will continue to support

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constructive regional dialogue and cooperation on this issue,” he said.

The leaders also explored opportunities for bilateral collaboration, including: •

The Heritage Province

Museum

project

in

Temotu

•

France’s Green Airports initiative and regional air connectivity

•

Technical cooperation in policing and health

•

Support for Solomon Islands students conducting research through the Pacific Community (SPC)

“We are excited about the potential for collaboration between our countries, and we look forward to continuing the dialogue,” Manele said.

Both sides agreed to continue discussions at the upcoming Pacific Community meeting in Tonga and during Ambassador Roger-Lacan’s visit to Solomon Islands later this year. PBR

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PM M ARAP E UR GE S T R A D E A ND IN V E STMENT AT U S–PACI FI C I S L A N D S B U SINE SS FORUM I N NE W YO R K

Prime Minister James Marape has urged the United States and its business community to deepen trade and investment ties with the Pacific, stressing that the region should be seen as a hub of opportunity rather than a recipient of aid.

Speaking at the US–Pacific Islands Business Forum on 22 September Prime Minister Marape said Pacific Island countries were redefining themselves as “big ocean nations” with resources and opportunities second to none.

“We may be called small island states, but we are in fact big ocean nations,” Prime Minister Marape said during the event, held on the sidelines of the United Nations General Assembly (UNGA) and hosted by the Business Council for International Understanding (BCIU) in partnership with Newmont, Viasat and Atlas Air. “Our seas, our airspace, our forests and our human capital are immense. The Pacific holds more than $3 billion worth of tuna and fisheries resources every year, yet our citizens remain among the lowest per capita earners in the world. This must change,” he added.

Moving beyond aid The Prime Minister called on Washington to shift from aid and grants towards sustainable partnerships built on fair trade and private-sector investment.

“Aid and grant relationships are subservient; trade relationships elevate human dignity,” he emphasised.

“We welcome US companies to invest in fisheries, green energy, tourism, downstream processing and infrastructure. The Pacific must become a hub of prosperity, not dependency.”

American companies already investing Marape acknowledged major US companies already operating in Papua New Guinea, including ExxonMobil, Newmont, Hilton and Marriott, and invited more American firms to expand into the region.

He pointed to ExxonMobil’s liquefied natural gas (LNG) project — the single largest foreign direct investment in PNG since independence — as proof that the country could host and sustain long-term ventures.

Shared values with the United States

A Pacific vision

Marape expressed gratitude for the recognition of Papua New Guinea’s 50th Independence Anniversary and highlighted the shared values between the Pacific and the United States.

“We are all democratic nations, we are all free-market economies, and we are largely Christian nations,” he said. “These are the same values that the United States embodies and leads with globally.

We congratulate the US on its upcoming 250th anniversary of independence — a true testimony to the miracle of democracy and free-market economy.”

Concluding his remarks, Prime Minister Marape described the Pacific as a critical partner for global prosperity and environmental stewardship.

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“Our Blue Continent is more than a collection of islands — it is the world’s largest carbon sink, with oceans and forests that help sustain the planet,” he said. “Together with US companies and global partners, we can build a Pacific that is prosperous, dignified and respected.” PBR

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M AR AP E-ROSSO GOVE R NM E NT BE G INS MID-TER M R E VI E W O F NAT IONAL TRAD E PO LI CY The Marape-Rosso Government has begun the mid-term review of Papua New Guinea’s National Trade Policy (NTP) 2017–2032, aimed at strengthening the country’s trade strategy in response to evolving global and domestic conditions.

The review, spearheaded by the National Trade Office (NTO) with support from the European Union Delegation to PNG, was announced by Minister for International Trade and Investment Richard Maru.

The NTP, first launched in 2017 under the O’Neill Government when Maru was Minister for Trade, Commerce and Industry, is the country’s guiding framework for promoting trade and investment.

Minister Maru said the review was essential to ensure the policy remained relevant and effective, saying “PNG’s trade performance and policy implementation over the past eight years need a thorough assessment so successes can be built and shortcomings addressed.”

“The review will help PNG align its trade policy with recent domestic priorities such as the Medium-Term Development Plan 4 and post-COVID economic recovery, and external developments like environmental considerations, new market opportunities in Asia and evolving World Trade Organization rules,” he added.

He added that the review would allow PNG to “adopt international best practices, foster stakeholder engagement, and ultimately ensure that trade policy remains effective and relevant.”

The mid-term review will focus on three core areas: 1.

A retrospective assessment to evaluate progress, effectiveness, and challenges in implementing the NTP.

2.

A prospective assessment to address current and emerging trade issues and recommend strategic adjustments.

3.

A review of the Strategic Implementation Plan to integrate findings and align with the new policy direction.

Minister Maru also outlined key issues for the review team to consider, including: •

Shifting from regional to bilateral trade agreements that better serve PNG’s national interests.

•

Increasing emphasis on value-added exports and higher export taxes on raw materials.

•

Introducing incentives for new export products, including support for certification and meeting international standards.

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Transferring tariff policy functions from the Department of Treasury to the National Trade Office.

•

Considering legislation to improve the ease of doing business and ensure clear land titles for large-scale Special Economic Zone (SEZ) projects.

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Exploring measures to strengthen the kina, such as establishing a gold refinery and building national gold reserves.

•

Leveraging artificial intelligence to facilitate trade and investment.

•

Developing a new electronic Single Window System to replace the manual trade facilitation process.

The NTO will lead the review process, but Maru underscored the impor tance of wide -ranging consultations.

“The private sector and SMEs are being consulted to understand the on-the-ground impacts of the trade policy and persistent business barriers,” he said. “Civil society and academic experts can offer insights on inclusiveness like the impacts on small farmers or women traders and provide evidence-based critiques.”

He added that the review was an opportunity to realign the NTP with current realities, ensuring that its strategies remain “fit for purpose in the face of climate change impacts, advances in information technology, commodity price fluctuations, potential global trade disruptions due to US tariffs, and shifting investment patterns.”

The draft of the new National Trade Policy is expected to be presented to Minister Maru and the National Executive Council by October 15, 2025, for approval ahead of its official launch later this year. PBR

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NEW CALEDONI A N D E LE GAT I O N H IG HLIGHTS INNOVAT I O N AT PACI F IC I N F R ASTRUCTUR E C O NFE R E NCE A New Caledonian delegation led by government member for construction and technological innovation Petelo Sao travelled to Brisbane from August 18 to 20 to participate in the Pacific Infrastructure Conference 2025, a key regional event focused on sustainable infrastructure.

A follow-up meeting was held on September 9 for participants to share feedback on their experience at the conference, which takes place every two years and gathers leaders as well as public and private stakeholders to discuss infrastructure challenges and opportunities across the Pacific.

Sao said New Caledonia’s participation underscored the country’s commitment to innovation and regional cooperation.

“Our presence at this conference was not only about showcasing New Caledonia’s know-how but also about engaging with partners on the challenges we all face, from climate change to limited financing options,” he said.

Showcasing New Caledonia

Strong turnout This year’s conference drew more than 650 delegates, 80 speakers and over 40 exhibitors from about 20 countries.

Thematic sessions led by Pacific leaders were fully booked, reflecting growing interest from consultancies, construction companies and lenders in regional projects.

Highlights included the Asian Development Bank sending one of its largest delegations to a Pacific economic event, with around 25 representatives joining roundtable discussions and bilateral meetings. Pacific leaders, including Sao, also presented their infrastructure priorities in thematic sessions that attracted wide attention.

The private sector played a prominent role, with chambers of commerce and business representatives actively participating and helping shape infrastructure priorities.

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For New Caledonia, the conference provided a highprofile platform. Sao delivered a presentation outlining the territory’s reconstruction plan and highlighted projects on climate change adaptation, decarbonisation and innovation. He also introduced the New Caledonia Construction Standard (RCNC) and discussed the recent certification of Sland, a material derived from recycled slag.

“Slag was at the heart of certain debates since it could be of particular interest to the Pacific islands affected by erosion,” Sao said.

Another highlight was the signing of a memorandum of understanding between the Pacific Islands and Australia Business Council (APIBC) and New Caledonia Trade and Invest, aimed at strengthening regional economic ties.

The delegation also included representatives from the private sector, such as Bluescope, SLN, Secal, Tokuyama and Arbe, who explored opportunities through bilateral exchanges with regional partners.

“The Pacific Infrastructure Conference is more than just a forum — it is a place where projects take shape, partnerships are forged and the future of Pacific infrastructure is discussed,” Sao said. PBR

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PAC IFIC INFRAS T R U CT U R E C ON F ERENCE 2 0 2 5 U NI T E S R E G IO NAL LEADE R S The Pacific Infrastructure Conference 2025 concluded in Brisbane after three days of high-level discussions, presentations and networking, drawing 652 delegates, 80 speakers and more than 40 exhibitors from 20 countries.

Hosted from 18 to 20 August, the conference brought together political and business representatives from all 16 Pacific Island countries as well as Australia, New Zealand, Japan, France and development agencies such as ADB, World Bank and UNDP, solidifying its reputation as the region’s most inclusive infrastructure forum.

The gathering provided a platform for stakeholders across the Pacific, Australia, New Zealand, Japan, the United States, the United Kingdom and the European Union to exchange views on infrastructure priorities. Development partners, investors and contractors also took part, underscoring the growing interest in the Pacific’s development agenda.

One of the largest delegations was fielded by the Asian Development Bank, which sent around 25 representatives to engage in panel discussions and bilateral meetings. Pacific leaders meanwhile outlined their national infrastructure priorities in well-attended breakout sessions, drawing keen interest from consulting firms, contractors and financiers.

A major draw of the event were the two Memoranda of Understanding signed by the Australia Pacific Islands Business Council (APIBC) with the Niue Chamber of Commerce and the New Caledonia Chamber of Commerce and Industry Trade and Invest. These agreements strengthen regional business ties and raise the total number of such MoUs organised by APIBC to 11.

The private sector’s role was notably strong, with Pacific Island chambers of commerce and business representatives actively shaping infrastructure priorities. More than 40 exhibitors showcased technologies and services across renewable energy, digital connectivity, water, transport and construction sectors— highlighting innovation and practicality in equal measure.

NTRO, the National Transport Research Organisation, attended the conference to present climate resilience solutions to over 650 delegates, including Pacific nation representatives and partner countries such as Korea and France National Transport Research Organisation.

Their executive director, Jason Sprott, praised APIBC’s efforts and emphasised the urgency of resilience: “We are terribly motivated to continue our work throughout the region … our infrastructure resilience work across roads, aviation and maritime sectors is critical for the safety, economic viability and continued prosperity of the region and its amazing people” National Transport Research Organisation.

Australia’s Minister for Pacific Island Affairs and Defence Industry, the Hon Pat Conroy MP, addressed delegates at the Brisbane Convention and Exhibition Centre. He reaffirmed that Australia’s

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infrastructure investments are Pacific-led, climateresilient, inclusive in design, transparent and focused on local leadership, jobs and procurement Australian Foreign Affairs.

He cited nearly A$2 billion committed by the Australian Infrastructure Financing Facility for the Pacific across 56 projects in 11 nations. Projects mentioned include school sports courts in Kiribati, maintenance of PNG’s Wau Highway, and upgrades to Tonga’s Queen Salote International Wharf Australian Foreign Affairs.

The minister also announced the extension of Qantas’s “Paradise Express” flights connecting Australia and Palau until the end of 2026—and planned submarine cable rollouts that will link all Pacific Island Forum countries by year-end Australian Foreign Affairs.

Simon Gorman, President of the Australia Pacific Islands Business Council, said: “This year’s conference brought together leaders and partners from across the Pacific to discuss the region’s infrastructure needs and opportunities. The participation of more than 620 delegates underlines the importance of collaboration, and the MOU signed with Niue and New Caledonia chambers show how business councils can help strengthen regional partnerships.”

The conference was hosted by the Australia Pacific Islands Business Council, the Australia Papua New Guinea Business Council and the Australia Fiji Business Council, with support from the Australian Government’s Office of the Pacific as major sponsor, complemented by sponsorship from numerous government and business organisations in Australia and New Zealand. PBR

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PAC IFIC INFRAS T R U CT U R E C ON FERENCE 2 0 2 5 U NI T E S R E G I ONAL LEA D E R S The Pacific Infrastructure Conference 2025 concluded in Brisbane after three days of high-level discussions, presentations and networking, drawing 652 delegates, 80 speakers and more than 40 exhibitors from 20 countries.

Hosted from 18 to 20 August, the conference brought together political and business representatives from all 16 Pacific Island countries as well as Australia, New Zealand, Japan, France and development agencies such as ADB, World Bank and UNDP, solidifying its reputation as the region’s most inclusive infrastructure forum.

The gathering provided a platform for stakeholders across the Pacific, Australia, New Zealand, Japan, the United States, the United Kingdom and the European Union to exchange views on infrastructure priorities. Development partners, investors and contractors also took part, underscoring the growing interest in the Pacific’s development agenda.

One of the largest delegations was fielded by the Asian Development Bank, which sent around 25 representatives to engage in panel discussions and bilateral meetings. Pacific leaders meanwhile outlined their national infrastructure priorities in well-attended breakout sessions, drawing keen interest from consulting firms, contractors and financiers.

A major draw of the event were the two Memoranda of Understanding signed by the Australia Pacific Islands Business Council (APIBC) with the Niue Chamber of Commerce and the New Caledonia Chamber of Commerce and Industry Trade and Invest. These agreements strengthen regional business ties and raise the total number of such MoUs organised by APIBC to 11.

The private sector’s role was notably strong, with Pacific Island chambers of commerce and business representatives actively shaping infrastructure priorities. More than 40 exhibitors showcased technologies and services across renewable energy, digital connectivity, water, transport and construction sectors— highlighting innovation and practicality in equal measure.

NTRO, the National Transport Research Organisation, attended the conference to present climate resilience solutions to over 650 delegates, including Pacific nation representatives and partner countries such as Korea and France National Transport Research Organisation.

Their executive director, Jason Sprott, praised APIBC’s efforts and emphasised the urgency of resilience: “We are terribly motivated to continue our work throughout the region … our infrastructure resilience work across roads, aviation and maritime sectors is critical for the safety, economic viability and continued prosperity of the region and its amazing people” National Transport Research Organisation.

Australia’s Minister for Pacific Island Affairs and Defence Industry, the Hon Pat Conroy MP, addressed delegates at the Brisbane Convention and Exhibition Centre. He reaffirmed that Australia’s

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infrastructure investments are Pacific-led, climateresilient, inclusive in design, transparent and focused on local leadership, jobs and procurement Australian Foreign Affairs.

He cited nearly A$2 billion committed by the Australian Infrastructure Financing Facility for the Pacific across 56 projects in 11 nations. Projects mentioned include school sports courts in Kiribati, maintenance of PNG’s Wau Highway, and upgrades to Tonga’s Queen Salote International Wharf Australian Foreign Affairs.

The minister also announced the extension of Qantas’s “Paradise Express” flights connecting Australia and Palau until the end of 2026—and planned submarine cable rollouts that will link all Pacific Island Forum countries by year-end Australian Foreign Affairs.

Simon Gorman, President of the Australia Pacific Islands Business Council, said: “This year’s conference brought together leaders and partners from across the Pacific to discuss the region’s infrastructure needs and opportunities. The participation of more than 620 delegates underlines the importance of collaboration, and the MOU signed with Niue and New Caledonia chambers show how business councils can help strengthen regional partnerships.”

The conference was hosted by the Australia Pacific Islands Business Council, the Australia Papua New Guinea Business Council and the Australia Fiji Business Council, with support from the Australian Government’s Office of the Pacific as major sponsor, complemented by sponsorship from numerous government and business organisations in Australia and New Zealand. PBR

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PACIFIC RE SILIENCE FACILIT Y L AUNCHE S CAPITALISATION MEMORANDUM FOR INVE STORS AT UNGA80 As part of the Pacific Islands Fo r u m L ea d e r s ’ b r o a d e r engagement at UNGA80, the PRF Partners Roundtable Talanoa was convened at th e UN Hea dquar ters on 23 September. The event marked the launch of the PRF Capitalisation Memorandum for Investors and officially opened the global pledging window for the next 15 months from September 2025 to December 2026.

showcase the Pacific’s bold vision and leadership on the global stage.

At the launch, Forum Chair and Prime Minister of Solomon Islands Jeremiah Manele remarked, “We call on our partners to recognise and invest in the PRF as a credible, innovative and transformative self-financing solution, that is a feasible and sustainable alternative to the issue of scarce public resources.”

Reiterating the importance of the PRF, United Nations Under-SecretaryGeneral and High Representative Rabab Fatima said, “The PRF is urgent because Pacific nations face the most severe climate threats. The PRF changes this equation. It brings resources directly to the communities that need them most – before crisis becomes catastrophe.”

Building on the historic signing of the agreement establishing the PRF at the 54th Pacific Islands Forum Leaders’ Meeting two weeks ago in Honiara, the event provided an opportunity to

The PRF Talanoa attracted high-level participation from Ireland, Germany, Portugal, Norway, Japan and the United Kingdom.

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In recognition of the facility’s gamec h a n g i n g i m p a c t , d eve l o p m e n t partners expressed strong support for the PRF. Ireland pledged €3 million ahead of the Talanoa, Portugal announced a €1 million pledge, and Germany, through the president of the 80th Session of the UN General Assembly, affirmed a €5 million contribution. This brings total pledges to $166 million to date.

“Your investment will strengthen the resilience of our Pacific communities, transform their lives and create lasting benefits for our people and the planet – now and for future generations,” remarked Dr. ‘Aisake Valu Eke, prime minister of the Government of the Kingdom of Tonga.

Demonstrating Forum Leaders’ strong commitment to establishing the PRF, the president of the Republic of Nauru David Adeang deposited his instrument of ratification, becoming the second Forum member after Tonga – the host of the PRF – to do so since the treaty signing in Honiara.

The PRF Roundtable Talanoa is part of a high-level capitalisation advocacy campaign to raise the facility’s initial target of $500 million.

“This is our moment to show the global community that our solidarity, leadership, vision, courage and decisive action are the key to humanity’s survival where no one is left behind,” Tuvalu Prime Minister and Chair for Pacific Small Island Developing States (PSIDS) Feleti Penitala Teo OBE said in his closing remarks. PBR

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PNG MARKS 50TH INDEPENDENCE WITH GLOBAL LEADERS, CULTURAL PRIDE AND EC ONOMIC OPPORTUNITIE S by: Roselyn Erehe Papua New Guinea’s 50th Independence Anniversary, celebrated from 14 to 19 September, brought the nation to the world stage as global leaders, regional partners and international dignitaries joined in commemorating the Golden Jubilee.

From Independence Hill to the streets of Port Moresby, the celebrations on 15 and 16 September showcased the unity of “One People, One Country, One Future” while highlighting the country’s growing role in the Pacific and the global economy.

Global Leaders Gather in Port Moresby The capital city became the gateway for world leaders and Pacific dignitaries who converged to witness Papua New Guinea’s milestone anniversary. United States Deputy Secretary of State Christopher Landau and Commander of the U.S. Indo-Pacific Command Admiral Samuel J. Paparo joined U.S. Ambassador Ann Marie Yastishock, PNG Foreign Secretary Elias Wohengu, Solomon Islands Prime Minister Jeremiah Manele and Pacific Islands Forum (PIF) Secretary General Baron Waqa for a U.S.–Pacific Islands Forum Roundtable in Port Moresby.

The discussions focused on shared priorities including economic development, disaster preparedness and regional security. The visit also saw the United States and Papua New Guinea strengthen bilateral ties with the signing of a Framework for Strategic Engagement, alongside the groundbreaking of a K1.6 billion U.S.-funded fuel storage facility, marking a significant investment in PNG’s energy security and economic future.

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“From strengthening our shared interests to dancing alongside Papua New Guineans to Wan Kantri, the U.S. is committed to its partnership with Papua New Guinea and the Pacific,” Deputy Secretary Landau said during the events.

UN Secretary-General, who visited PNG and addressed Parliament on Tuesday, 2 September 2025, congratulated PNG on achieving 50 years of unbroken democracy.

Israeli President Isaac Herzog delivered his message on behalf of his people via video. He said it was a true privilege

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to share his congratulations with Prime Minister Marape and the people of PNG on 50 years of Independence.

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United States: Deputy Secretary of State Christopher Landau congratulated Prime Minister Marape and the people of Papua New Guinea on achieving 50 years of democracy and for maintaining a relationship with the USA based on similar ideals of democracy, Christianity and mutual goals.

•

Japan: Special Envoy of the Japanese Prime Minister and Minister for Foreign Affairs Takuma Miyaji delivered a personal letter of congratulations from the Japanese Prime Minister.

At the bilateral meetings on 15 September 2025 to 17 September 2025, all visiting leaders congratulated PNG on its historic milestone: •

China: Special Envoy of the Chinese President and Minister for Ecology and Environment Huang Runqiu delivered a personal letter of congratulations from President Xi Jinping to Prime Minister Marape.

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Indonesia: Vice President Gibran Rakabuming Raka passed on President Subianto’s congratulatory message on behalf of Indonesia.

•

France: French Representative for the Pacific Veronique Roger-Lacan delivered President Emmanuel Macron’s personal congratulatory message to PM Marape and the people of PNG on reaching the 50-year independence milestone.

•

India: Minister for State for External Affairs and Minister for Textiles Pabitra Margherita congratulated PNG on its achievement as a sovereign nation.

•

Australia: Prime Minister Anthony Albanese, joined

by Deputy Prime Minister Richard Marles, expressed to PM Marape Australia’s most heartfelt message of congratulations and well-wishes as the country that granted PNG its independence in 1975.

Congratulatory messages also came from Pacific Islands Forum leaders who arrived from the Solomon Islands after the 54th PIF Leaders Meeting. They included the President of the Federated States of Micronesia Wesley Simina, President of Palau Surangel Whipps Jr., Prime Minister of Niue Dalton Tagelagi, Prime Minister of Tuvalu Feleti Teo, Prime Minister of Cook Islands Mark Brown, Prime Minister of Solomon Islands Jeremiah Manele, Deputy Prime Minister of Vanuatu Johnny Koanapo Rasou and Deputy Prime Minister of Fiji Manoa Kamikamica.

President of the Asian Development Bank Masato Kanda, who also met with Prime Minister Marape and later with the PIF leaders, congratulated the people of PNG on achieving its Golden Jubilee.

Pacific Islands Forum Affirms Solidarity Pacific Islands Forum Secretary General Baron Divavesi Waqa joined the celebrations on behalf of the Blue Pacific family, underscoring PNG’s central role in the regional bloc since joining in 1974.

“On behalf of the Forum Family, we extend our warmest congratulations to the Government and the people of Papua New Guinea on this significant milestone. We wish Papua New Guinea continued peace, prosperity and unity as it looks with confidence to the next 50 years and beyond,” Waqa said.

Royal Visit: Duke of Edinburgh Reintroduces Youth Award Adding to the prestige of the celebrations, His Royal Highness Prince Edward, Duke of Edinburgh, visited PNG and announced the reintroduction of the Duke of Edinburgh International Award in Port Moresby. The ceremony, attended by Governor General Sir Bob Dadae, Prime Minister James Marape, Foreign Affairs Minister Justin Tkachenko and UK High Commissioner

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H.E. Anne Macro, took place at the Airways Hotel.

The non-formal education programme will provide young Papua New Guineans aged 14–24 with opportunities to build resilience, leadership, teamwork and community engagement. Successful participants will gain internationally recognised certificates, boosting career and education prospects while encouraging personal growth and social responsibility.

“This award will empower the next generation of Papua New Guineans to take ownership of their futures while building lifelong friendships and networks,” Prince Edward said.

Port Moresby: The Stage of PNG50 Hosting thousands of visitors, Port Moresby stood tall as the gateway to Papua New Guinea as the capital city became a showcase of PNG’s more than 10,000 tribes and 22 provinces, bringing together cultural performances, music, arts and food in a safe, vibrant and family-friendly environment.

The National Capital District Governor Hon. Powes Parkop hailed the celebrations as a turning point in reshaping the narrative of the capital.

“I am proud of the people of Port Moresby for turning up in record numbers and for conducting themselves with discipline and pride throughout the PNG50 Independence celebrations,” Governor Parkop said.

“These events showcased our unity and sent a powerful message to the nation and the world that Port Moresby is a modern international city.”

He highlighted the year-long build-up of events at the beginning of this year, from the Anniversary Launch in February, Pacific and Asian story celebrations, the PNG Story in July, the Meganesia Concert and the Amazing Port Moresby festivals in September, which all built momentum towards the Golden Jubilee.

Beyond the capital, it was also a peak week for tourism, as thousands of visitors travelled to provinces across the Highlands, Islands, Momase and Southern regions to celebrate 50 years of independence. From cultural shows in Goroka and Mt. Hagen, East Sepik and Central Province, Hula canoe races to the Mask Festivals held in the island and Momase regions, to traditional dances in East New Britain, Milne Bay and Manus, the Golden Jubilee sparked nationwide festivities that brought economic opportunities to local communities while showcasing the beauty and diversity of PNG to the world.

Economic Impact: SMEs and Creative Industries Thrive The celebrations lifted national pride and also provided

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important economic opportunities. Hundreds of small and medium enterprises (SMEs) showcased and sold products ranging from arts and crafts to food and cultural items in Port Moresby and other venues. Local artists, traditional troupes, musicians, choreographers and media houses also gained income and visibility from their participation.

Port Moresby was entertained by international artist Akon on 17 September, including musicians, bands and artists from Vanuatu, Solomon Islands, Torres Strait Islands and Indigenous Australia.

“This is economic empowerment in action,” Parkop emphasised.

“Our SMEs are not only earning income but also gaining the confidence and visibility to grow their businesses in front of a national and international AUD ience.”

PNG Looks Ahead to Another 50 Years With incident-free celebrations, full participation from international partners and renewed confidence in the capital city’s ability to host world-class events, Papua New Guinea’s 50th Independence Anniversary has set a strong foundation for the next half-century.

Prime Minister James Marape, who led the national flag-raising ceremony alongside thousands of students, teachers and

citizens on Independence Hill, said the Golden Jubilee was not just about reflecting on the past but about inspiring the next 50 years.

Speaking after the Jubilee, Prime Minister Marape said the milestone was a reminder to all Papua New Guineans that the country’s future must rise above tribal, provincial and personal interests.

“As we come out of our 50th anniversary, the country is still united under one flag. For me, James Marape, my commitment to Papua New Guinea will always rise above my commitment to tribe, district or province. Our nation must always come first,” Prime Minister Marape said.

He further highlighted that stability in Hela, Enga and Southern Highlands is vital, not only for communities but also for the protection of nationally significant resource projects.

“Projects such as Porgera and the PNG LNG, which today contribute billions to our economy, cannot be sabotaged.

In the last three years alone, PNG LNG has contributed over K10 billion to our budgets. These projects must be safeguarded for the benefit of all our people,” PM Marape said. PBR

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P NG , SOLOMON I SL A N D S L AUNCH B USI NE SS C O U N CIL TO DEEPEN TI E S The Governments of Papua New Guinea and Solomon Islands have taken a decisive step to strengthen their economic and cultural bonds with the soft launch of the Papua New Guinea–Solomon Islands Business Council.

Held in Port Moresby, the event brought together leaders from government and business, with both Prime Ministers hailing the initiative as a milestone in Melanesian cooperation.

Solomon Islands Prime Minister Jeremiah Manele, MP, extended his warm congratulations to the council’s founders, describing the launch as a timely platform for deeper privatesector collaboration.

“The establishment of this Council represents a new chapter in our economic partnership. I am confident that it will grow from strength to strength and evolve into a vital mechanism for advancing mutual prosperity,” he said.

Manele underlined the council’s role as a forum for dialogue, networking and innovation, opening avenues for trade and investment. He also met with PNG business leaders during the launch, listening to their aspirations and reaffirming his government’s readiness to pursue stronger partnerships.

“As close neighbours and enduring partners, our futures are closely linked.

Enhanced private sector collaboration will not only stimulate economic growth but will also reinforce the bonds of friendship and understanding that unite our peoples,” Manele said.

Courtesy call on PNG GovernorGeneral Prime Minister Manele paid a courtesy call on the Governor-General of Papua New Guinea, Grand Chief Sir Bob Dadae, at Government House.

During their brief meeting, he conveyed gratitude on behalf of the government and people of Solomon Islands for the long-standing relationship between the two Melanesian nations.

He acknowledged the enduring diplomatic ties established 47 years ago on 7 July 1978, when Solomon Islands gained independence from Britain.

“On behalf of the government and people of Solomon Islands, I thank Papua New Guinea for its continued friendship and assistance, which have significantly contributed to our national development,” Manele said.

The Prime Minister noted PNG’s support in critical sectors such as business investment, education, border surveillance, police, security, and sports. Both leaders reaffirmed their commitment to enhancing “brotherly ties” rooted in shared culture, geography and history, which also laid the foundation for the Melanesian Spearhead Group (MSG) in 1988.

Manele was accompanied on the visit by former Solomon Islands GovernorGeneral Sir Frank Kabui and Rick Hou, for Small Malaita.

‘Brothers and sisters’ Pr i m e M i n i s te r J a m e s M a ra p e , welcomed Manele to Papua New Guinea, calling the visit a reaffirmation of “deep historical, cultural, and economic ties” between the two Melanesian nations.

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“Sometimes, friends you can choose, but brothers and sisters you are born into. Papua New Guinea and Solomon Islands are family, and we will continue to coexist into the future,” Marape said, drawing warm applause from guests.

dependency to deeper trade and economic engagement. He pointed out that more than 60 PNG businesses are already operating in Solomon Islands, spanning telecommunications, banking, oil palm and tourism.

PNG’s own emerging industry. “Papua New Guinea is still growing in tourism, but our cousins in Solomon Islands will look after you well. They are not an extension of PNG — they are a proud nation of their own,” he said.

Marape reflec ted on the shared seafaring and trading traditions of both countries, saying independence in 1975 for PNG and 1978 for Solomon Islands had merely formalised an ageold connection.

“Papua New Guinea remains the largest foreign investor in Solomon Islands, a sign of the growing partnership,” he said.

The Prime Minister also confirmed that Manele will return to Port Moresby next week to join PNG’s 50th Independence Anniversary celebrations, alongside more than 15 Pacific leaders travelling from Honiara after the Forum.

He also congratulated Solomon Islands on its preparations to host the Pacific Islands Forum in Honiara this month, pledging PNG’s full support. “When Solomon Islands celebrates its 50th anniversary in 2028, Papua New Guinea will be there in full force,” he said.

From aid to trade Looking to the future, Marape stressed the importance of shifting from aid

Marape further endorsed Manele’s “Melanesian Oceans” initiative, a regional vision for sustainable use of fisheries and marine resources. “Our oceans hold some of the world’s richest tuna stocks. Together, Melanesia must shape our own destiny and ensure resources benefit our people,” he said.

Tourism and people-to-people links Marape encouraged greater tourism exchanges, saying Solomon Islands offered experiences that complemented

Closing his address, Marape cited a Melanesian proverb on fire and family unity: “We are placed at the heart of Melanesia. As leaders, we must be friends to all, enemies to none.”

Manele, before flying on to Australia, joined Marape in a charity golf event on Friday morning, rounding out a visit that was as much about personal connection as political and economic partnership. PBR

RAB UKA , MODI R E A FFI R M FI JI –I NDI A TIE S, INK FIVE K E Y AGR E E M E NT S Prime Minister Sitiveni Rabuka of Fiji met with Indian Prime Minister Narendra Modi at Hyderabad House, reaffirming the warmth and mutual respect that continue to define the longstanding friendship between the two nations.

The talks highlighted deep historical ties, shared values, and a commitment to strengthening cooperation across multiple sectors for the prosperity of both peoples.

Rabuka conveyed greetings on behalf of the Fijian government and people, congratulating India on its 79th Independence Day. He praised India’s transformation over recent decades and expressed gratitude for the hospitality extended to his delegation.

The two leaders reviewed the full spectrum of bilateral relations and regional priorities. They reaffirmed plans for collaboration in defence, health, agriculture, agroprocessing, trade and investment, small and medium

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enterprises, co-operatives, culture, sports, education, and skills development.

Key projects and priorities Discussions included outcomes from the 3rd Forum for India–Pacific Islands Cooperation (FIPIC-3), particularly the landmark 100-bed Super Speciality Cardiology Hospital in Suva. Rabuka confirmed that land registration for the project has been completed, paving the way for the signing of a memorandum of understanding. The hospital, he said, will strengthen Fiji’s healthcare sector and serve the wider Pacific region.

Both leaders reiterated their commitment to a free, open, secure, and inclusive Indo-Pacific. Rabuka reaffirmed Fiji’s support for the Indo-Pacific Oceans Initiative, aligning it with his “Ocean of Peace” vision to promote peace, security, and prosperity in the region.

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He also welcomed India’s continued role as a dialogue partner of the Pacific Islands Forum, noting the importance of alignment with the 2050 Strategy for the Blue Pacific Continent.

At the multilateral level, Rabuka thanked India for its partnership in global forums and emphasised the need for reformed multilateralism to reflect accountability, inclusivity, and equity in addressing global challenges.

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National Institute of Electronics and Information Technology (NIELIT), India – Pacific Polytechnic, Fiji: Capacity building, skills training, and upskilling.

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Confederation of Indian Industry (CII) – Fiji Commerce and Employers Federation (FCEF): Strengthening economic and commercial ties.

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HLL Lifecare Ltd., India – Fiji Ministry of Health and Medical Services: Supply of medicines under India’s Jan Aushadhi Scheme.

Both leaders described the agreements as a step towards building a “broad-based, inclusive, and forward-looking partnership” that will advance the development goals of Fiji and India alike. PBR

New agreements signed The meeting also featured the signing of five memoranda of understanding and agreements designed to deepen bilateral cooperation: •

Fiji Development Bank (FDB) – National Bank for Agriculture and Rural Development (NABARD), India: Collaboration on rural development, agricultural financing, and financial inclusion.

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Bureau of Indian Standards (BIS) – Fiji Department of National Trade Measurement and Standards (DNTMS): Cooperation in the field of standardisation.

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SOLOMON ISL ANDS E STABLISHE S DIPLOMATIC TIE S WITH NORTH MACEDONIA Solomon Islands has formalised diplomatic relations with the Republic of North Macedonia following the signing of a joint communique on the sidelines of the 80th Session of the United Nations General Assembly in New York on 23 September 2025.

The agreement was signed by Solomon Islands Minister of Foreign Affairs and External Trade Peter Shanel Agovaka and North Macedonia’s Foreign Minister Timčo Mucunski.

During the meeting, Agovaka said the establishment of diplomatic ties reflected both countries’ shared commitment to “fostering friendship, cooperation, and mutual respect among nations, regardless of size or distance.”

The two ministers agreed that Solomon Islands and North Macedonia share common values and aspirations for peace, sustainable development and joint action on challenges such as climate change and economic inequality.

The new bilateral partnership is expected to open avenues for cooperation in trade, education, cultural exchange and multilateral advocacy. Agovaka said Solomon Islands looked forward to leveraging North Macedonia’s experience in governance and regional integration while offering the Pacific perspective to enrich global dialogue.

He added that establishing diplomatic relations with North Macedonia reinforced Solomon Islands’ foreign policy of being “friends to all, enemies to none,” while broadening its diplomatic footprint beyond traditional allies.

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The signing marked what Agovaka described as a historic milestone, as he expressed gratitude on behalf of the Government and people of Solomon Islands to North Macedonia for “warmly embracing this new partnership.”

North Macedonia, officially known as the Republic of North Macedonia, is a landlocked country in Southeast Europe on the Balkan Peninsula. It borders Greece to the south, Albania to the west, Kosovo and Serbia to the north, and Bulgaria to the east, with Skopje as its capital.

The country is notable for Lake Ohrid, one of Europe’s oldest and deepest lakes, shared with Albania, which is recognised for its unique biodiversity and more than 200 endemic species. PBR

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TUVALU SHIF TS FO CUS TO LOCAL , REGIONAL SOLUTIONS AS CLIMATE TALKS FALTER Tuvalu is turning its attention to regional cooperation and homegrown solutions as global climate talks continue to stall, with Prime Minister Feleti Teo saying his country can no longer afford to wait while the seas keep rising.

Ahead of next month’s Pacific Islands Forum Leaders’ Meeting in Honiara, Teo said Tuvalu would prioritise climate change, sea level rise, and more reliable regional initiatives that directly address the existential threats facing his nation.

“As a low-lying atoll nation, we are remarkably vulnerable to climate change-induced sea level rise,”

already underway, including the Tuvalu Coastal Adaptation Project (TCAP), the Funafuti Water and Sanitation Project, and new public housing. These, he said, were “designed to enhance resilience while meeting critical infrastructure needs.”

But Teo’s message was not just about bricks and mortar. It was also about partnership.

“Our projects reflect our government’s commitment to ensuring a sustainable future for Tuvalu, and we must prioritise partnerships that allow us to confront challenges collaboratively,” he said.

Teo told the Pacific Infrastructure Conference here last week. He pointed to the urgent need for comprehensive coastal protection initiatives and land reclamation, describing infrastructure as “the backbone of Tuvalu’s development.”

He highlighted how infrastructure development was tied to the government’s ten strategic priorities, captured in the national blueprint Te Ke te , a n d t h e n e w N a t i o n a l Infrastructure Plan.

The Prime Minister outlined key projects

“By fostering partnership with the

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private sector, our goal is to maximize returns on investments and ensure that critical infrastructure is delivered efficiently,” Teo added.

Observers at the Brisbane conference said his remarks went beyond policy announcements, striking a personal chord as a rallying call for allies to join Tuvalu in its fight for survival.

The Pacific Infrastructure Conference, organised by the Australia Pacific Business Council, brought together regional leaders, business executives, and development partners to explore how to deliver projects that are climate-resilient, innovative, and inclusive.

For Tuvalu, Teo made clear, the shift towards stronger regional action and practical infrastructure is no longer optional — it is the difference between survival and disappearance. PBR

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CEM A E XPLORE S PARTNERSHIP WITH AUSTRALIAN FIRM TO BOOST AGRICULTURE The Commodities Export Marketing Authority (CEMA) has taken another step in its efforts to revive Solomon Islands’ agricultural sector, leading a mission to Brisbane to explore partnership opportunities with Applied Nutrition Pty Ltd, a well-established manufacturer of livestock feed premixes and nutritional supplements.

The delegation was led by CEMA Director Simon Chottu and Board Director Joseph Huta. The mission focused on identifying practical collaborations that could advance the authority’s Strategic Transformation Plan, which aims to modernise farming and improve food security across the country.

Discussions centred on two key opportunities.

The first, the Local Feeds Project, seeks to develop customised nutritional supplements for poultry, pigs, and cattle using home-grown ingredients such as copra meal, cassava, and rice bran. The second involves exploring the export of copra meal — both organic and non-organic — to Australia, potentially opening up fresh markets for coconut growers and processors in Solomon Islands.

“This partnership is very much in line with the government’s policy on agricultural diversification and food security,” Mr Chottu said. “It offers us a chance not only to cut down on imported feeds but also to create new value-adding opportunities for our farmers.”

Mr Huta added that the economic potential was equally important. “By creating value-added production chains, we can deliver stronger financial benefits for farmers and cooperatives. This is about

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ensuring that agriculture works for rural households and communities.”

Applied Nutrition’s Technical Director, Dr Michael Evans, welcomed the initiative. He expressed the company’s enthusiasm for building long-term relationships with Solomon Islands’ stakeholders. “We see great potential in these discussions, and we are committed to working together to achieve outcomes that are beneficial for both sides,” he said.

The next phase of the collaboration will involve compiling ingredient data and conducting further assessments to prepare for pilot projects and future export readiness.

This initiative is part of the Solomon Islands Government’s wider push to revitalise CEMA, empower rural farmers, diversify exports, and strengthen the country’s food security. For many in the agricultural sector, it represents a practical pathway towards resilience and sustainable growth. PBR

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JAPANE SE E XPE RT S TO I NS TA LL F IR ST FRUIT TR E AT M E NT FACI LI T Y IN S OLOMON IS L A ND S A major milestone for Solomon Islands agriculture began as three Japanese specialists arrived in Honiara on 3 September to install the country’s first-ever Vapor Heat Treatment (VHT) facility, a technology designed to open global export markets for local fruit growers.

The experts were welcomed in a high-level meeting at the Ministry of Agriculture and Livestock (MAL), where they met Permanent Secretary Dr. Samson Viulu and senior officials before commencing work on the installation at Henderson.

“With the arrival of VHT technology, we are stepping into a new era of export readiness,” Dr. Viulu said. “This breakthrough offers our farmers the opportunity to shift from subsistence farming to commercial production, increase their yields, and explore new market opportunities regionally and internationally.”

The VHT facility represents years of planning and determination

by MAL. Dr. Viulu noted that the project’s visible progress would

MAL also plans to invite stakeholders to specialised training on VHT operations, equipping local farmers, exporters, and biosecurity officers with the knowledge needed to maximise its benefits. Once operational, the facility is expected to boost commercial production and give exporters confidence in accessing regional and international markets.

Officials emphasised that the VHT project is more than just a technical upgrade. It marks a transformative step in building a modern, competitive agriculture sector capable of supporting sustainable growth.

“This initiative reflects our commitment to strengthening food security, empowering farmers, and positioning Solomon Islands as a credible player in the export market,” Dr. Viulu said.

The installation is scheduled to continue over the coming weeks, with testing and training set to follow before the facility becomes fully operational. PBR

reassure farmers and encourage greater production. “The public will finally see that the installation is happening, and it will hopefully increase production at the farm level as it opens doors for farmers across the nation,” he said.

VHT is an advanced, chemical-free quarantine method that uses controlled hot, humid air to eliminate pests such as fruit flies from fresh produce. Unlike traditional treatments, the process preserves the natural taste, appearance, and nutritional quality of fruits while ensuring they meet international biosecurity standards.

The technology requires precise installation and calibration. The three Japanese specialists bring technical expertise to adapt the system for Solomon Islands’ diverse fruits, ensuring the facility can treat multiple varieties effectively.

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SIN GH REAFFIR M S G OV ERNMENT ’ S C O M M I T M E NT TO S UGAR INDUS T RY R E VI VA L

The Minister for Multi-Ethnic Affairs and Sugar Industry, Charan Jeath Singh, on 5 September handed over the Pre-Season Burnt Cane Rehabilitation Grant to sugarcane farmers in Sabeto, Nadi, underscoring government’s drive to revitalise the struggling sugar industry.

Addressing the farmers, Singh said the government was determined to bring the sector back to its former strength by boosting production and adopting modern solutions.

“We are working to revive this vital industry and bring it back to what it used to be. The government is committed to supporting our farmers and ensuring the future sustainability of sugar,” he said.

The minister said several grants and assistance programmes were available to help farmers increase yields and adopt modern practices. He urged growers to plant recommended cane varieties and rely on advice from the Sugar Research Institute of Fiji to improve productivity.

“The future of the sugar industry lies in modernization, research, and farmer support. Together, we will build a resilient and thriving sugar sector for Fiji,” Singh said.

Farmers who attended the handover welcomed the assistance, describing it as timely support that would help them recover from challenges faced in recent seasons. PBR

Singh also highlighted the Coalition Government’s plans to build a new sugar mill in Rakiraki, with expressions of interest already advertised.

The project, he said, would open a new chapter for Fiji’s sugar industry.

On the persistent labour shortage, Singh said the ministry was pursuing overseas recruitment while expanding mechanisation across the sector.

Programmes such as tractor service providers and fertiliser applicators are already in place, with specialised harvesters for hilly terrain expected soon.

He revealed that the Government of India had pledged support through 12 drones for fertiliser application and a mobile soil testing laboratory, which will strengthen research and innovation in sugar farming.

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PNG CR Service s t e a m s u p wi t h Au st ralian fi r m to b r i ng d o m e she lters to Pa pua Ne w Gu i ne a A local project services company is partnering with a leading Australian manufacturer to introduce innovative dome shelter solutions across Papua New Guinea.

PNG CR Services Company announced its strategic collaboration with Container Domes Australia, a move that promises to deliver durable, cost-effective infrastructure tailored to the country’s varied environments and sectoral needs. The partnership merges PNG CR’s onthe-ground project delivery expertise with Container Domes Australia’s reputation for quality, innovation, and robust engineering in dome shelter systems.

“This partnership is about more than just supplying infrastructure—it’s about providing solutions that meet the needs of Papua New Guinea’s industries and communities,” said Allen Tyson, managing director of PNG CR Services Company.

“By combining international expertise with local presence, we are ensuring that our clients receive quality products backed by reliable, on-the-ground service,” Tyson added.

The two companies said the partnership will focus on serving key sectors such as mining, construction, agriculture, and logistics, with plans to expand into areas like rural development, education infrastructure, and disaster relief.

Prior to the partnership, Container Domes Australia supplied and installed four 18-metre-wide cyclonerated domes at Port Moresby Wharf, demonstrating the suitability of their shelters for PNG’s challenging conditions.

Paul Whitla, director of Container Domes Australia, said the collaboration aligns with the company’s broader vision of making its products more accessible in emerging markets.

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“Container Domes Australia is excited to work alongside PNG CR Services to expand our reach into Papua New Guinea,” Whitla said.

“With PNG CR’s deep market knowledge and service capability, customers can be confident that our domes will not only be delivered to international standards but also supported locally through installation, maintenance, and warranty services,” he added.

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The companies said they are committed to enhancing local capacity by providing training, employment, and ongoing support—an approach that could generate broader economic benefits beyond the construction and industrial sectors.

The collaboration is a distribution agreement that grants PNG CR Services exclusive rights to represent and supply

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Container Domes Australia products throughout Papua New Guinea. The domes will continue to be manufactured in Australia and imported into PNG, ensuring consistent quality and compliance with international engineering standards.

Manufactured in Australia to meet the country’s highest engineering standards, each structure is cyclone-rated and built with a galvanized RHS steel framework and a heavy-duty polyethylene (P.E.) fabric cover designed for high UV resistance.

Emphasis on long-term presence

The shelters come with a 10-year structural warranty and a 20-year UV warranty, offering long-term durability and reliable performance across industrial, remote, and coastal applications.

Central to the partnership is the establishment of a strong local presence to ensure proper installation and reliable after-sales service.

According to PNG CR, the dome structures offer a scalable and flexible alternative to conventional buildings, allowing faster and more efficient project delivery—particularly in remote or resourceconstrained locations.

The premium quality shelters are engineered to withstand some of the harshest conditions, making them ideal for Papua New Guinea’s challenging environments.

Beyond industrial use, both companies expressed interest in deploying the dome technology for humanitarian and community applications. This includes temporary classrooms, mobile clinics, and emergency shelters— particularly relevant in PNG’s disaster-prone regions.

The collaboration, they said, is designed to create “longterm value for clients while contributing to Papua New Guinea’s industrial and community growth.” PBR

P NG P orts See s Ne w Ge ne r at i o n o f Leadership Over the past year, PNG Ports Corporation Ltd (PNG Ports) has taken a significant step forward in shaping its leadership for the future. It appointed four exceptional professionals to senior roles, in line with its most ambitious infrastructure program since the relocation of Port Moresby’s terminals to Motukea and the expansion of Lae Port.

The appointments reflect a deliberate strategy pursued by the State Owned Enterprise (SOE) over the past decade – to build and nurture leadership talent from within while also recruiting outstanding expertise from outside the organisation.

The newly appointed senior leaders include Chief Operations Officer (COO) Felix Bauri, Chief Commercial Officer (CCO) Deborah Onga, Chief Financial Officer (CFO) Dorothy Kore, and Senior Civil Engineer – Major Projects Denmark Gimiseve, who also heads the Joint Implementation Unit (JIU) overseeing the A$621.4 million Australian Government’s investment in the national port upgrade program.

Chair Harvey Nii emphasises that “these appointments are more than simply staffing changes. They reflect a long-

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term strategy to cultivate a new generation of leadership talent that will carry the organisation forward for the next 50 years.”

Building Leaders from Within COO Felix Bauri is a standout example of PNG Ports’ ability to develop its own people. Beginning his career two decades ago through the Graduate Trainee Program, Bauri has worked his way through a diverse range of roles across the port network, from Wharf Superintendent to Regional Business Manager.

After serving multiple acting stints in senior roles, he was formally appointed COO in 2024. Nii describes Bauri’s corporate knowledge as “second to none” and notes his operational expertise is vital to PNG Ports’ performance across its 15 port operations.

Bringing in Fresh Perspectives In contrast, CCO Deborah Onga joined PNG Ports in April 2025. A commercial lawyer with extensive experience in large-scale property development, she is leading efforts

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PNG Ports is benefiting from a dynamic new wave of leadership exemplified by (L > R) Denmark Gimiseve (Senior Civil Engineer – Major Projects), Deborah Onga (CCO), and Felix Bauri (COO), alongside Dorothy Kore (CFO) also featured in the article.

to advance the 400-hectare Lae Industrial Park adjacent to Lae Port and to secure its Special Economic Zone (SEZ) status.

She is also tasked with unlocking the commercial potential of all ports in PNG Ports’ network, including the 12 Community Service Obligation (CSO) ports currently funded by the SOE. Bringing with her properties experience as well as more than a decade of aviation industry expertise, PNG Ports’ Chief Financial Officer, Dorothy Kore, joined the stateowned enterprise in August 2024. Complementing her strong accounting background with an MBA in International Business, Kore also brings highly regarded strengths in project and change management. These capabilities underpin her leadership of core responsibilities spanning financial management and reporting, treasury accounting, and corporate strategy. They are proving particularly valuable in navigating the financial dimensions of the AIFFP-funded port upgrade program—most notably the complex tax components.

Alongside this, she is also driving the modernisation and upgrade of the accounting system and port operations system.

Senior Civil Engineer – Major Projects, Denmark Gimiseve, who joined the SOE in late 2023, brings 15 years of engineering expertise across high-profile projects such as APEC Haus, Angau Memorial Hospital, and the National Football Stadium.

Highly regarded for his technical skills and project management capability, Gimiseve has been “instrumental” in progressing PNG Ports’ nationwide programme of port upgrades since becoming head of the JIU in March this year.

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Developing the Talent Pipeline Today, Bauri, Onga, Kore, and Gimiseve are part of a 12-strong senior leadership team that combines longserving employees with fresh external talent.

Human Capital Manager Rex Kini notes that “PNG Ports’ dual strategy of developing its own people while recruiting top professionals from outside the organisation has proven highly effective.”

Central to this has been the Graduate Trainee Program, which has trained 60 graduates since inception – 90 percent of whom secured full-time positions, with most staying at least five years.

Four other senior managers are alumni of the program.

Beyond this, PNG Ports invests heavily in leadership programs for high-potential staff, including rotational placements, stretch assignments, strategic projects, acting appointments, and external study support.

Strong Results, Strong Future This strategy is paying off. In the past decade, PNG Ports has strengthened its operational efficiency and global standing, with Lae and Port Moresby climbing the World Bank’s Container Port Performance Index. At the same time, profitability has been consistent, allowing substantial dividends to be returned to the State.

The company’s leadership evolution underscores its broader ambition of being led by an exciting new generation of talented professionals – people who combine deep corporate knowledge with fresh perspectives – ensuring PNG Ports continues to deliver value to the nation. PBR

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Remington Group: A 77-Year Journey of Innovation in P NG When Papua New Guinea celebrates 50 years of Independence this September, one business stands out for having journeyed with the nation long before 1975, Remington Group.

Established in 1948, Remington began as the country’s typewriter supplier, introducing modern office equipment to government, schools, and businesses.

Those machines helped lay the foundation for administration and communication in a young nation finding its feet.

Over the decades, as PNG transformed, so did Remington. The Group evolved from typewriters to photocopiers, printers, and ultimately into today’s fullservice technology organisation.

With a national footprint stretching from Port Moresby to Lae, Goroka, Mt Hagen, Kimbe, Kokopo, Wewak and Kavieng, Remington has become a trusted partner for thousands of businesses.

The company is the exclusive authorised Konica Minolta dealer in PNG and has been recognised regionally winning the 2024 Konica Minolta Dealer of the Year award across the Australia-Pacific region.

to document digitisation, cloud storage, and workflow automation. Its mission is clear: help organisations work smarter, faster, and more securely in a rapidly digitising world.

Looking ahead, Remington is preparing to launch Remington Hi-Tek, a bold retail venture that will bring electronics and technology directly to customers through a modern store in Lae, Port Moresby and an online shop serving the entire nation.

But the Group’s impact goes far beyond hardware.

Together with Remington Digital Solutions, the Group is positioning itself as the leader of PNG’s digital transformation, empowering businesses, government, and communities to embrace the next era of innovation.

Through its divisions, Remington Technology, FX Business Centre, the only authorised Fujifilm dealer in the country, BizPrint, OFC Tech Solutions, and Remington Digital Solutions, it delivers everything from managed print services and IT infrastructure

From typewriters to the cloud, Remington Group’s story mirrors Papua New Guinea’s own journey: resilient, adaptive, and forward-looking. And as the nation marks its Golden Jubilee, Remington remains firmly committed to shaping the next 50 years of progress. PBR

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W ei r u nve ils new E NDU R O N® cr us he rs de signe d to de l i v e r sa f er , s ma rte r , and mo r e s u s ta i na b l e mi n i n g ope ratio ns Weir, a global leader in mining technology, has launched a new range of ENDURON® jaw and cone crushers, developed in close collaboration with customers to address their most pressing operational challenges. This customer-first approach has resulted in equipment that enhances safety, boosts productivity, simplifies maintenance, and supports sustainability goals.

The updated ENDURON® jaw crushers now feature a redesigned Hydraulic Power Unit (HPU), which allows for true push-button control of CSS adjustments. This innovation eliminates the need for manual intervention, significantly reducing safety risks for operators and maintenance teams. The new HPU also ensures consistent tensioning of the retraction springs at all times, improving reliability and ease of use across the full wear range of the jaw dies. The optimised motor power and oil tank capacity reduce the HPU’s CO₂ footprint and environmental impact.

Fig.1: ENDURON® EC series live-shaft cone crushers are tough, reliable, simple to operate and easy to maintain.

environmental footprint and simplifies installation, making it ideal for sites looking to streamline setup and minimise impact. Additionally, the automation platform across all cone crusher models has been enhanced to ensure consistent and reliable crushing operations. With IO-Link digital sensors and Siemens PLC hardware, customers can expect seamless integration, easier troubleshooting, and intuitive control through a new Human-Machine Interface (HMI), which simplifies servicing and improves operational efficiency.

Weir’s new crusher range includes the ENDURON® ET jaw crushers, as well as both the EP fixed-shaft and EC liveshaft cone crushers, offering tailored solutions to meet the specific needs of each site and application. This flexibility ensures that customers can select the ideal equipment for their unique operational requirements.

Fig. 2: ENDURON® EP series pedestal (fixed-shaft) cone crushers deliver highly efficient results with a compact design and footprint.

To further improve performance and reduce downtime, the entire range of ENDURON® jaw crushers now includes ESCO® wear parts. These components have been rigorously tested and proven to extend wear life, which means fewer maintenance interventions and increased equipment utilisation—translating to lower operating costs and more efficient production.

The upgraded ENDURON® cone crushers also benefit from ESCO® wear liners and a newly designed Hydraulic and Lubrication Power Unit (H/LPU). This compact, plug-and-play system reduces the

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As mining operations increasingly focus on sustainability and energy efficiency, Weir’s new ENDURON® crushers are designed to support this transition. By complementing the existing ENDURON® screens and HPGRs, the new crushers enable customers to build fully integrated flowsheets that reduce energy consumption and improve overall performance.

Magnus Skorvald, Global Product Manager – Crushers at Weir, emphasised the importance of customer feedback in shaping the new range. “We’ve listened closely to our customers and designed this range to meet their evolving needs. From safety and sustainability to ease of installation and maintenance, every feature is built to deliver real value on site.”

Whether upgrading existing equipment or planning a new installation, the ENDURON® range of comminution products is built to help customers operate smarter, safer, and more sustainably. PBR

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C O M PAN Y

I S S UE 2 , 2025

Students and teachers of Vula’a Rivilina Elementary School proudly join Steamships’ Ruth Kissam to celebrate the completion of the new double classroom.

SWIRE AND STEAMSHIPS EXPAND EDUCATIONAL INVESTMENT IN HULA VILLAGE WITH THIRD DOUBLE CLASSROOM PROJECT 5 0 | Pa cif ic Bu sin es s R ev i ew

Swire and Steamships have reaffirmed their commitment to community development and education in Papua New Guinea with the official opening of a third double-classroom building at Vula’a Rivilina Elementary School in Hula Village, Central Province.

The initiative marks a significant milestone under the Swire Philanthropic Fund, implemented by Steamships Trading Co. as part of a phased programme to improve educational infrastructure in rural areas.

At the opening ceremony, Ruth Kissam, general manager of corporate affairs at Steamships, delivered the keynote address.

“By investing in education, we invest in the potential of future generations,” Kissam said. “This school represents more than just a building; it is a symbol of our shared belief in the power of education to empower individuals and transform communities.”

The classroom project aligns with key national frameworks, including the National Education Plan 2021–2029 and the MediumTerm Development Plan 4 (MTDP 4). It reflects the government’s

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ISSUE 2 , 2025

C OM PAN Y dedicated teacher’s office, seating and desks for students and staff, blackboards, pinboards, and associated logistics and construction costs.

Steamships’ connection with the Hula community began through recreational visits by staff for kite surfing. These visits led to discussions around local educational needs, culminating in a formal collaboration with Swire in 2023 to support school redevelopment.

To date, the companies have jointly funded the construction of three double-classroom buildings, bringing their total investment in Vula’a Rivilina Elementary School to PGK645,000 (US$167,700).

focus on improving access to quality education through enhanced infrastructure, sanitation and hygiene standards to create a more conducive learning environment.

The third phase of the initiative cost approximately PGK215,000 (US$55,900). The investment covers a fully furnished double-classroom kit, which includes a

“On behalf of Swire and Steamships, we formally open and present the classroom to the school community and thank everyone who contributed to the success of this project, which will uplift and inspire future generations who will contribute positively to our nation,” Kissam said.

“We are proud to play a role in helping provide children in Hula Village with a safe, conducive learning environment.”

The partnership reflects Swire’s and Steamships’ broader strategy to support education, health and sustainable development throughout Papua New Guinea. PBR

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E N E R GY

I S S UE 2 , 2025

AD B , SUN PACIF I C E NE R GY LT D S I G N U S$2.8 MILLION LOA N TO B O O S T SAM OA’S SOL AR PO WE R CA PACI T Y

The Asian Development Bank (ADB) and Sun Pacific Energy Ltd (SPEL) have signed a US$2.8 million (approximately AU$4.3 million) loan to expand renewable energy generation in Samoa.

The financing will upgrade and expand SPEL’s Upolu Solar Farm—Samoa’s first independent power producer (IPP)— by installing high-efficiency solar panels. The expansion is expected to deliver 9.6 gigawatt-hours of clean energy annually and cut carbon dioxide emissions by a further 1,944 tonnes. The plant, located at Faleolo International Airport, operates under a 20-year power purchase agreement with the state-owned Electric Power Corporation.

Samoa has faced mounting pressure on its power grid, with prolonged outages caused by generator failures, storm damage, and surging demand. In March this year, the government declared a 30-day state of emergency after widespread blackouts.

“This is the second expansion of SPEL’s solar farm,” said Aaron

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Batten, Regional Director of ADB’s Pacific Subregional Office.

“The generated power will support the delivery of a reliable and sustainable power supply, which will spur economic activity, benefitting commercial, industrial, and residential consumers.”

The deal also supports Samoa’s climate goals, including a 26 per cent cut in greenhouse gas emissions by 2030 and sourcing at least 70 per cent of its electricity from renewables by 2031.

“ADB enabled us to create a financing package that is not available in the market due to limited financial players,” said SPEL Chief Executive Officer Jamie Harrison. “This project is deeply rooted in our mission of providing accessible, clean energy to the people of Samoa.”

The project will receive additional backing through a US$225,000 technical assistance grant from the Australian Climate Finance Partnership, administered by ADB, to strengthen private-sector climate initiatives in the Pacific.

PBR

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ENE RGY

B L U E MONT SEC U R E S E XCLU S I VE R IG HTS TO SOL A R D E SA LI NAT I O N T E C HNOLOGY IN AU S T R A L AS I A A ND T HE PACIFIC

Bluemont has become the sole distributor of Elemental Water Makers’ solar-powered desalination systems across Australia, New Zealand, and the Pacific Islands, expanding access to sustainable freshwater solutions in some of the world’s most climate-vulnerable regions.

Elemental Water Makers, a Netherlands-based company, designs systems that convert seawater or brackish water into clean, drinkable water using only solar energy—without diesel, chemicals, or emissions. The technology is positioned as a cost-effective alternative to rainwater tanks, diesel-driven plants, and ageing bores that remain the mainstay in many remote islands, coastal villages, and drought-hit communities.

“This partnership comes at a time when demand for climateresilient, low-maintenance water solutions is growing fast across Australasia and the Pacific,” said Paul Hart, Partner and Project Manager at Bluemont®. “We’re excited to deliver proven, chemical-free desalination technology to the communities that need it most.”

Bluemont has already collaborated with Elemental Water Makers over the past year, installing units that serve both small island populations and off-grid eco-resorts. With exclusive rights now in place, the company will manage supply, installation, and ongoing support across the region.

The move comes as Pacific nations continue to grapple with water insecurity driven by rising sea levels, saltwater intrusion, and prolonged droughts. By offering solar-powered desalination, Bluemont® aims to help reduce reliance on fossil fuels while strengthening resilience to climate change.

PBR

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E N E R GY

I S S UE 2 , 2025

F IJI SIGNS MOU TO E S TA B LI S H S O L AR T E C HNOLOGY CE NT R E AT FNU Ro Filipe Tuisawau, Minister for Public Works, Meteorological Services and Transport, on 5 September officiated at the signing of a Memorandum of Understanding between the Fiji Government, Fiji National University (FNU) and the International Solar Alliance (ISA) to advance the country’s renewable energy transition.

The agreement paves the way for the creation of the Solar Technology and Application Resource Centre (STAR-C) at FNU’s College of Engineering and Technical, Vocational Education & Training, with funding support from ISA. Minister Tuisawau described STAR-C as “a hub for training, knowledge sharing, and expertise in solar energy technologies,” and said it marks a milestone in Fiji’s clean energy journey.

The centre will focus on training and capacity building in solar technologies, testing and quality assurance of solar equipment, knowledge management and research, as well as entrepreneurial development and community empowerment.

“This MoU reflects the deepening energy cooperation between Fiji and India, and underscores our ambitious targets of achieving 100 percent renewable energy by 2030 and net-zero emissions by 2050,” Tuisawau said.

He stressed the importance of working with academic institutions to address persistent challenges in the solar sector, including knowledge and skills gaps, financing constraints, limited awareness and supply chain barriers.

“The establishment of STAR-C will help develop a new generation of skilled researchers, technicians, and project managers in the solar field, while ensuring quality standards and supporting entrepreneurship,” he said.

stakeholders to ensure a sustainable and energy-secure future for Fiji.

The ISA, launched in 2015 by India and France at the Paris Climate Conference, is an international organisation that works with more than 110 member countries to promote solar energy deployment and technology transfer. In the Pacific, ISA has been supporting small island developing states with solar projects, technical training and concessional financing to help reduce reliance on fossil fuels.

An ISA spokesperson welcomed the signing, saying the partnership with Fiji demonstrated the alliance’s commitment to ensuring no country is left behind in the global shift to clean energy. “Through STAR-C, Fiji will not only strengthen its technical expertise but also emerge as a regional leader in solar innovation,” the spokesperson said.

PBR

Tuisawau thanked ISA and FNU for their collaboration, noting that such partnerships will be vital in overcoming barriers to renewable energy adoption.

“Achieving a renewable energy future is not easy. Challenges will arise, but with partnerships such as this, we open new opportunities. No country can address energy challenges alone. Building strong international and institutional partnerships is essential,” he said.

The government reaffirmed its commitment to working with

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ENE RGY

SOLOMON ISL ANDS E L ECTED TO IR E NA C OUNCI L F OR 2025–20 2 7 Solomon Islands has secured a seat on the International Renewable Energy Agency (IRENA) Council for the first time, marking a milestone in the country’s growing role in global climate and energy discussions.

The nation was elected as a member of the AsiaPacific Group at IRENA’s 29th Council Meeting, held in Abu Dhabi from 10–12 September. Its two-year term will begin on 11 September 2025, succeeding the Kingdom of Tonga, which served from 2023–2025.

For Solomon Islanders, the achievement carries both symbolic weight and practical importance. It is the first time the country has been chosen to represent the Pacific within the Asia-Pacific Group since the Council’s establishment.

Ambassador to the UAE and Permanent Representative to IRENA, Cornelius Walegerea, said the appointment gave the Pacific a stronger voice at the global table.

“As a member of the Council representing the Pacific, Solomon Islands looks forward to working with IRENA during its tenure to advocate and amplify the call for the international community to meet their climate change commitments and support Pacific Island countries with their renewable energy needs,” Walegerea said.

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The Abu Dhabi meeting drew government officials, diplomats and energy experts from around the world.

Discussions ranged from global energy security to advancing next-generation renewable technologies, with a strong focus on solar power and strengthening regional manufacturing.

The Solomon Islands delegation was led by Walegerea and included Gabriel Aimaea, Director of Energy in the Ministry of Mines, Energy and Rural Electrification, and Paul Avoso Pandarongo, Second Secretary at the Solomon Islands Embassy in the UAE. For a nation facing the daily realities of climate change, from rising seas to fragile infrastructure, the Council seat is more than a diplomatic victory. It is a chance to press for solutions that matter to Pacific communities, where renewable energy is not only about sustainability but survival. PBR

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I S S UE 2 , 2025

F IN AN C E

FIJI L AUNCHE S GROUND-BREAKING CLIMATE FINANCING PARTNERSHIP TO STRENGTHEN MSME RE SILIENCE Fiji has become the first nation in the Pacific to help small and medium-sized businesses become resilient under the Global Climate Financing Partnership through a bold new partnership with the Asian Development Bank (ADB), the United Nations Development Programme (UNDP) and the United Nations Capital Development Fund (UNCDF).

of Lau and the young entrepreneurs in Suva. When we stand with MSMEs, we are standing with the future of Fiji.

When they rise, Fiji rises with them,” Ali said.

The initiative will strengthen access to climate risk financing for micro, small and medium enterprises (MSMEs), the backbone of Fiji’s economy.

Its impact is already clear. In 2024, 535 individuals received payouts after heavy rainfall, while in March this year more than 1,700 beneficiaries were supported following devastating floods.

Speaking at the launch in Suva, Permanent Secretary for Trade, Cooperatives, MSMEs and Communications Shaheen Ali described MSMEs as “significant contributors to our GDP,” making up more than 80 percent of registered businesses, employing 60 percent of the labour force and contributing nearly $380 million in tax revenue before COVID-19.

“These are not just numbers; they are the market vendors in Nausori, the fishermen of Vanua Levu, the artisans

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At the centre of the partnership is parametric insurance, an innovation that delivers quick, automatic payouts once rainfall or cyclone thresholds are reached. This removes delays and bureaucracy, ensuring businesses can recover without losing momentum.

Farmers like Ms Priya Devi were able to replant sugarcane within weeks, and entrepreneurs like Mr Ovini Singh used payouts to resume operations and even set aside savings for future shocks.

Ali underscored that resilience is about more than coping, saying that “Resilience is a farmer who can keep his land. A mother who can keep her stall. A family that can keep hope alive after the storm. This initiative represents

recovery with dignity and renewal with confidence.”

The initiative builds on Fiji’s Five-Year MSME Strategic Plan, which embeds climate resilience at its core. The Reserve Bank of Fiji, the first in the Pacific to take national ownership of parametric insurance, and donor partners including New Zealand, Australia, Luxembourg, the United Kingdom and India are key supporters in advancing this agenda.

“This is the Fiji way: to meet challenges with courage, to forge partnerships g ro u n d e d i n t r u s t a n d to t u rn innovation into reality for our people,” Ali said. “So today, let us be clear: when we stand with MSMEs, we are standing with the future of Fiji. When we invest in their resilience, we are investing in our nation’s resilience.”

“And when we launch this partnership, we are telling every market vendor in Nadi, every farmer in the interior, every artisan in the outer islands, every entrepreneur in Suva: you are not alone. We see you. We believe in you. And we will walk with you through every storm, side by side,” the official said. PBR

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PACI F I C FIN AN CE

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I S S UE 2 , 2025

F IN AN C E

F IJI GOVERNMENT R E CE I VE S $146 MILLION I N PR O FI T S FR O M R E SE RVE BANK Acting Prime Minister and Minister for Finance Biman Prasad on Wednesday received the transfer of $146 million in profits from the Reserve Bank of Fiji, together with the presentation of the Bank’s AUD ited financial statements for the year ending 31 July 2025.

Speaking at the handover, Prasad congratulated the Bank on achieving another record result.

“I would like to congratulate the RBF for making another record profit, surpassing the $135.5 million profit achieved in the last financial year. The increased level of profits over the last two years has been significantly driven by the high level of foreign reserves and higher interest rates in our trading partner economies for most of the year,” he said.

Prasad noted that while profitability is not the central bank’s main objective, the RBF has demonstrated sound financial management while meeting its mandates.

“As a central bank, making a profit is not the Reserve Bank’s primary objective. Nevertheless, the Bank has recorded strong profits while successfully meeting its monetary policy objectives of maintaining an adequate level of foreign reserves and stable inflation,” he said.

As of 16 September, foreign reserves stood at $3.89 billion, equal to 6.1 months of retained imports of goods and services, reflecting a strong balance of payments position. Inflation has also remained low, with Prasad highlighting recent positive trends.

to capitalise on the high-yield investments offered by global financial markets,” he said.

He further emphasised the wider role of the central bank in supporting Fiji’s development.

“In a developing country like ours, one of the most important contributions of a central bank is to ensure macroeconomic stability, creating confidence and an environment conducive to increased levels of investment, leading to sustainable economic growth and development,” he said. PBR

“Inflation has been in negative territory for seven consecutive months, which means that since February this year, overall prices have been coming down compared to the same period last year. The inflation rate was recorded at minus 3.5 percent in August 2025, compared to 3.8 percent in August last year,” he said.

Acknowledging the Bank’s stewardship, Prasad said the profits reflect prudent management of Fiji’s reserves and investments. “ The exceptional profit reflects the Bank’s prudent management of the nation’s foreign reserves and its ability

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F I NA N CE

WORLD BANK NAME S NEW DIVISION DIRECTOR FOR PAPUA NEW GUINEA , SOLOMON ISL ANDS AND VANUATU Acting Prime Minister and Minister for Finance Biman Prasad on Wednesday received the transfer of $146 million in profits from the Reserve Bank of Fiji, together with the presentation of the Bank’s AUD ited financial statements for the year ending 31 July 2025.

Speaking at the handover, Prasad congratulated the Bank on achieving another record result.

“I would like to congratulate the RBF for making another record profit, surpassing the $135.5 million profit achieved in the last financial year. The increased level of profits over the last two years has been significantly driven by the high level of foreign reserves and higher interest rates in our trading partner economies for most of the year,” he said.

Prasad noted that while profitability is not the central bank’s main objective, the RBF has demonstrated sound financial management while meeting its mandates.

“As a central bank, making a profit is not the Reserve Bank’s primary objective. Nevertheless, the Bank has recorded strong profits while successfully meeting its monetary policy objectives of maintaining an adequate level of foreign reserves and stable inflation,” he said.

As of 16 September, foreign reserves stood at $3.89 billion, equal to 6.1 months of retained imports of goods and services, reflecting a strong balance of

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payments position. Inflation has also remained low, with Prasad highlighting recent positive trends.

“Inflation has been in negative territory for seven consecutive months, which means that since February this year, overall prices have been coming down compared to the same period last year. The inflation rate was recorded at minus 3.5 percent in August 2025, compared to 3.8 percent in August last year,” he said.

Acknowledging the Bank’s stewardship, Prasad said the profits reflect prudent management of Fiji’s reserves and investments.

“The exceptional profit reflects the Bank’s prudent management of the nation’s foreign reserves and its ability to capitalise on the high-yield investments offered by global financial markets,” he said.

He further emphasised the wider role of the central bank in supporting Fiji’s development. PBR

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MINING

I S S UE 2 , 2025

C OOK ISL ANDS WE I GH S E X T E NS I O N OF DEEP SEA M I NI NG E X PLO R AT I O N L IC E NCE S The Cook Islands government is considering extending its deep sea mining exploration licences as the nation approaches the end of its five-year exploration phase.

The Cook Islands is three-and-a-half years into the programme, which allows companies to gather data to assess the viability of extracting seabed minerals. Mining, referred to as “harvesting” by the Cook Islands Seabed Minerals Authority (SBMA), can only proceed if operators demonstrate to the government that it can be carried out without causing serious environmental harm.

Edward Herman, SBMA partnerships and cooperation director, in a recent article by RNZ, confirmed that an extension is under review.

“There is a likelihood of [the exploration licence] being extended because if we cannot get the data within the next year and a half it’s very likely that we’ll need to extend it,” Herman told the news service.

He acknowledged the difficulties faced by operators and regulators alike. “Sometimes licence holders can perform a lot of work within a year and a half but at the moment it’s tough.

It’s very challenging, not only for our licence holders, but for us as an agency, as a regulator.”

Herman added that more baseline data is required before the government can make “an ethical, informed, science-based decision” on whether mining should proceed.

In the same article, Hans Smit, chief executive of Moana Minerals, one of the leading exploration companies, said an extension was “definitely” needed.

The company has finalised its mining system design and identified a vessel for conversion into a mining ship, while also developing a laboratory-proven metal extraction process.

“It’s not a question of if we go mining, it’s a question of when we go mining,” Smit said, adding that initial data indicated “reasonably dispersed” marine life across exploration areas.

But environmental groups remain cautious. Te Ipukarea Society president June Hosking said she feared the emphasis was on commercial viability rather than ecological protection.

“I personally think if they do honest exploration they would discover it’s not a good idea to mine—that it’s going to do too much damage to the environment and the only way to prove that is to do the exploration,” she said.

Hosking added: “It would be nice if people just left the whole thing alone, but humans aren’t like that.”

The debate over whether to extend exploration licences comes as the Cook Islands strengthens its role in global seabed minerals governance.

At the 30th Session of the International Seabed Authority Council in July, Acting Seabed Minerals Commissioner Beverly Stacey-Ataera reaffirmed the nation’s commitment to a regulatory regime “grounded in scientific evidence, fairness, and transparency.” PBR

“If you just look at the time it takes for the Cook Islands to assess and evaluate our environmental permit application and our mining licence application, there’s not enough time,” he said. “If I were to submit tomorrow, I wouldn’t have an answer before my exploration licence expired.”

Smit projected that if approvals are granted, mining could start as early as 2028 or 2029. He said Moana Minerals had already mapped 15 per cent of the country’s exclusive economic zone and collected more than 100 hours of seabed nodule samples.

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M IN I N G

I S S UE 2 , 2025

G r eat Pacific Go ld e ye s d e e per potential at Wi ld D o g pr o je ct in PNG Great Pacific Gold Corp. has uncovered signs of a large-scale epithermal system and possible porphyry deposit at its Wild Dog project in Papua New Guinea, raising hopes of a significant discovery in one of the world’s most mineral-rich regions.

The Canadian miner said a diamond drilling programme is under way at the site on the island of New Britain. Early results have already shown high-grade mineralisation, including one hole that cut seven metres grading 11.2 grams per tonne gold equivalent (5.5 g/t Au, 68.8 g/t Ag, 3.1 percent Cu) from a depth of 65 metres.

Ahead of drilling, the company conducted an airborne MobileMT geophysical survey, which revealed the scale of the underground Surface sampling has added weight to the porphyry model. One rock specimen from Magiabe returned 2.5 grams per tonne gold, 124 parts per million copper and 9.1 grams per tonne silver. Another carried copper grades of 0.25 percent along with gold, silver and molybdenum values.

McCunn said the company plans to keep drilling through the rest of 2025 to firm up the grade and scale of the Wild Dog system, while pushing Magiabe towards drill-ready status in 2026.

Magiabe adds a new dimension to the project as it complements the high-grade near-surface gold with the possibility of a large porphyry system beneath.

system. The data suggests the epithermal vein structure extends more than 15 kilometres along strike and at least 1,000 metres deep.

Greg McCunn, chief executive of Great Pacific Gold, described the findings as a major step forward. “The Wild Dog structure is massive…Our current drilling programme is only testing about 10 percent of the overall system,” he said.

What excites the team most is the nearby Magiabe prospect, about 1.5 kilometres west of the Wild Dog veins. Geophysical models point to a potential porphyry copper-gold system nearly one kilometre wide and extending over two kilometres in depth, a scale likened to Papua New Guinea’s world-class Wafi-Golpu deposit.

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The Wild Dog area lies within Papua New Guinea’s “Ring of Fire,” a geologic arc that has produced some of the world’s largest copper and gold deposits. Historic explorers had suspected a porphyry system at Magiabe but drilling was never done. The latest survey, however, has “unmasked” the deeper anomaly, giving the company what it calls a high-priority target.

For now, the executive said that the focus remains on the drill rigs steadily working through the rugged terrain of East New Britain.

With more assays expected in the coming months, the company hopes to prove that Wild Dog is not only high-grade but also vast in scale — a combination that could transform the project into one of PNG’s next big mines. PBR

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ISSUE 2 , 2025

LION ONE LIFTS GOLD PRODUCTION AND DEVELOPMENT AT TUVATU MINE

M I NIN G

Lion One Metals Ltd. has reported solid progress at its 100 percent-owned Tuvatu Alkaline Gold Project in Fiji, achieving stronger production results and faster underground development as the mine moves deeper into commercial operations.

The Canadian gold miner said it produced 5,704 tonnes of material grading 10.60 grams per tonne (g/t) gold from its first shrinkage stope, marking a milestone in underground mining at Tuvatu. The company described the initial stope as “a success,” adding that it demonstrated the suitability of shrinkage mining for Tuvatu’s narrow high-grade veins.

Most of the production from the first stope took place between July and September and was blended with ore from other parts of the mine. A second, larger shrinkage stope — expected to yield 11,520 tonnes — is now being developed, with production scheduled to begin in November.

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MINING

The second shrinkage stope is expected to be twice as large as the first, the company said.

Lion One also reported a 70 percent increase in underground development rates between January and September this year.

Monthly development advanced from 330.8 metres in January to 563.9 metres in September, allowing the company to access new production zones and speed up its capital development plans.

Chief Executive Officer Ian Berzins said the company was “very pleased both with the success of the shrinkage stope and with the increased development rates at Tuvatu.”

“These achievements have been made possible because of the new mining equipment and operational improvements initiated on site over the past several months,” Berzins said.

“We’re excited for the next shrinkage stope to come online and for the arrival of still more new mining equipment as we continue to advance operations at Tuvatu.”

Boosting mine efficiency The first shrinkage stope was located in Zone 2 on the northwest side of Tuvatu, targeting the Ura1 lode, which measures roughly 62 metres long, 24 metres high and 1.5 metres wide. Production began in July and has now been completed.

The second stope, twice the size of the first, lies in Zone 5 on the east side and focuses on the UR2 lode, measuring around 60 metres long and 50 metres tall. Production is expected to finish by mid-January 2026.

Shrinkage stoping, a technique suited to narrow, steeply dipping veins, allows miners to recover more ore with less dilution compared with traditional long-hole mining. Lion One said this method was “an optimal mining approach” for Tuvatu’s geology.

“With a third jumbo and dedicated bolting equipment, we anticipate development rates will continue to improve,” the company said.

Leadership transition In the same announcement, Lion One confirmed the retirement of Chief Operating Officer Patrick Hickey, who joined the company in 2021 and played a central role in constructing and commissioning the Tuvatu Gold Mine.

Chairman and President Walter Berukoff said: “On behalf of the Board and the entire Lion One team, I want to thank Patrick for his leadership and dedication during this critical period in the Company’s growth.

Patrick’s contributions have laid the foundation for Tuvatu’s continued success, and we wish him all the best in his retirement.”

Hickey’s responsibilities will now be taken over by CEO Ian Berzins.

About Lion One Metals Lion One Metals Ltd. is an emerging gold producer headquartered in North Vancouver, British Columbia.

The company’s Tuvatu project, located on the island of Viti Levu in Fiji, includes an underground mine, pilot processing plant and assay laboratory. The broader Navilawa Caldera area, covered by the company’s exploration licence, hosts several promising mineralised zones.

The Tuvatu Alkaline Gold Project, which entered production in late 2023, remains Lion One’s flagship asset and one of the most significant new gold operations in the South Pacific. PBR

To support faster development, the company introduced productivity improvements and invested in new underground equipment, increasing the rate of large capital development by 126 percent and small development by 59 percent.

Large development rounds rose from 0.77 to 1.74 rounds per day, while smaller ore-zone development increased from 4.43 to 7.03 rounds per day.

Lion One modified its mining cycle by separating drilling and bolting operations to improve jumbo utilisation. It also converted a Caterpillar IT28 utility vehicle into a bolting platform and acquired an RES scissor lift and a third two-boom jumbo to expand its underground fleet.

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ISSUE 2 , 2025

M I NIN G

PAPUA NEW GUI NE A E X T E ND S WOOD L ARK MIN I NG LE AS E Papua New Guinea’s government has thrown its weight behind Geopacific Resources Ltd., grantin g the company more time to develop its flagship Woodlark Gold Project in Milne Bay Province.

Mining Minister Rainbo Paita has approved an extension to Condition 7 (ii) of Mining Lease 508, which hosts the project, pushing the deadline to complete construction and commissioning of the mine to 5 October 2027. The lease itself runs until July 2034.

For Geopacific, the decision offers breathing space and certainty as it works through financing, environmental approvals, and a major drilling campaign ahead of delivering a definitive feasibility study later this year.

“A s PN G ce l e b ra te s 5 0 yea r s o f independence, we acknowledge this significant national milestone and

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commend the Government and people of PNG,” said Geopacific Chief Executive James Fox. “We also recognise the leadership of the Minister for Mining and the team at the Mineral Resources Authority in approving our application to extend ML508 C7(ii),” he added.

The Woodlark project, which contains an estimated 1.67 million ounces of gold, is seen as a potential new engine of economic activity for Papua New Guinea. With drilling delivering encouraging results and government backing firming up, Geopacific hopes the project can soon shift from planning into reality.

The company recently submitted an environmental permit amendment request and supporting assessment re p o r t to t h e Co n s e r va t i o n a n d Environment Protection Authority, aimed at reflecting project improvements in the updated feasibility study.

Earlier, Australian-listed gold producer St Barbara Ltd has become a substantial shareholder in Geopacific Resources Ltd after acquiring a 14.4 percent strategic interest, strengthening ties between two companies with deep connections to Papua New Guinea’s mining sector.

Fox said the extension provides “the flexibility and certainty needed to align the timing of project construction with the DFS and our exploration success,” describing it as both an endorsement of Woodlark’s potential and a sign of government support for responsible mine development.

The deal, completed through a transaction with Patronus Resources Ltd, saw St Barbara acquire 458.6 million Geopacific shares in exchange for returning 158.1 million Patronus shares. As a result, St Barbara now holds a 14.4 percent stake in Geopacific, while Patronus retains an interest of around 41 million shares. PBR

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I S S UE 2 , 2025

TO U R I S M

F IJI AIRWAYS M A K E S H I S TO RY W ITH GLOBAL WO R LD CL AS S AIR L INE AWARD Fiji Airways has soared into aviation history, becoming the smallest carrier by fleet size ever to be named among the Top 10 Airlines in the World after securing the APEX World Class Airline for 2026 Award.

The honour, regarded as the most prestigious in global aviation, crowns a remarkable rise for the Fijian flag carrier, which also clinched the APEX Innovation Award for Best Inflight Food and Beverage 2026 following the launch of its new Pacific Rim menu and redesigned inflight service.

Fiji Airways is the only airline in Oceania to achieve this recognition, a feat Managing Director and Chief Executive Officer Andre Viljoen described as “a proud and historic moment for the airline and for Fiji.”

The World Class Award is conferred through a rigorous process that combines independent AUD its with passenger feedback from across the globe, evaluating excellence in safety, sustainability, well-being, service and customer experience.

Viljoen recalled the scale of the transformation: “In 2016, we were ranked outside the world’s Top 100 airlines.

Today, through sheer grit, relentless innovation, and the unbreakable spirit of our people, we have risen to be named one of the Top 10 Airlines in the World. This recognition is not just an award, it’s about showing every Fijian, and every member of our team, that we can achieve the impossible. We are the David in a world of Goliaths — and we are winning.”

From small island skies to the global stage The achievement follows one of the most extensive overhauls in the airline’s history. Fiji Airways invested in new galley and service equipment, created supply chains for freshly sourced produce, and collaborated with local businesses both large and small to reimagine its hospitality.

Months were devoted to designing a Pacific Rim-inspired dining experience and revamping service flows. Cabin crew underwent up to two weeks of intensive training, with 16 selected to become World Class Trainers after completing a 10-week programme.

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ISSUE 2 , 2025

“It was a massive undertaking that required months of preparation, dedication, and teamwork before the very first World Class flight took off,” said Viljoen.

The airline’s chief stressed the importance of aiming higher: “To excel, we cannot afford to be ordinary. We need to stand out, to be unmistakably remarkable, and to create an experience so extraordinary that travellers choose Fiji Airways not just for where we fly, but for how we make them feel. That is why we embarked on the World Class journey. It required us to lift every part of our airline to a standard that only the world’s best achieve. It gives us a powerful point of difference that no amount of advertising and marketing can buy.”

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TOU RISM

Looking forward With its place now cemented among the world’s leaders in aviation excellence, Fiji Airways is determined not to stand still. “As we look ahead, Fiji Airways remains focused on constant innovation and raising the bar even higher,” said Viljoen.

For Fiji, the recognition shines an international spotlight not only on the airline but also on the island nation as a premier travel destination, reinforcing its place on the global map. PBR

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I S S UE 2 , 2025

TO U R I S M

KE R Z NER TO OPE N FI R S T O N E &ONLY RE S O RT I N FI JI

Fiji has secured a landmark investment with Kerzner International Holdings Ltd announcing plans to develop the country’s first One&Only resort and private residences on Nacula Island in the Yasawa Islands.

The project, undertaken in partnership with BSP Life, was welcomed by the Ministry of Trade, Co-operatives, Micro, Small and Medium Enterprises, and Communications, together with Investment Fiji.

Officials hailed the move as a transformational moment for the country’s tourism sector and broader economy.

Deputy Prime Minister and Minister for Trade, Co-operatives, Micro, Small and Medium Enterprises, and Communications Manoa Kamikamica said the decision by Kerzner to enter Fiji underscored growing investor confidence.

“This is a big win for Fiji. Having a global brand like Kerzner International choose to invest here shows clear trust in our economy and our future.

It’s a positive sign that Fiji is ready to welcome world-class developments as well as international projects. This development is key for the tourism sector and it also builds investor confidence and creates opportunities for more future investments that will help grow our economy,” Kamikamica said.

“The Ministry congratulates Kerzner International and BSP Life on this landmark announcement. The One&Only resort represents a major leap forward for Fiji’s tourism sector and signals strong investor confidence in our economy. This development will bring lasting benefits to our people, create new jobs, and position Fiji as a premier destination for luxury travel and investment,” he added.

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Investment Fiji Chief Executive Officer Kamal Chetty said the project reflected the strength of Fiji’s investment environment.

“Kerzner’s investment in Fiji is a clear reflection of the trust global investors have in our economy, our people, and our future. This project goes beyond luxury tourism; it’s about creating jobs, empowering communities, and building a resilient and inclusive economy. Investment Fiji is proud to have played a key role in facilitating this development, and we remain committed to supporting strategic investments that drive sustainable growth,” Chetty said.

The development will feature 40 guest rooms, suites and villas, six dining concepts, and the Club One wellness centre. It will also introduce a community of One&Only Private Homes, with 20 exclusive residences combining luxury living with world-class amenities and service.

Designed to celebrate Fijian culture and natural beauty, the resort will prioritise sustainability and community engagement. Officials said it is expected to create new employment opportunities, stimulate local supply chains, and further strengthen Fiji’s position as a destination for high-value travellers.

The Ministry reaffirmed that Fiji remains open for investment, with the government committed to building a resilient, inclusive and prosperous future. PBR

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ISSUE 2 , 2025

PACI F I C TOURISM

V ISITOR ARRIVA LS TO S O LO M O N ISL ANDS RISE 2 1 pe r ce nt I N SE C OND QUART E R O F 2 0 2 5 The Solomon Islands recorded 13,994 visitor arrivals in the second quarter of 2025, marking a 21 percent increase compared with the previous quarter, according to official figures released on 29 August.

Compared with the same quarter last year, arrivals grew 11.8 percent. Returning residents comprised the largest share of entries at 51.8 percent, while visitors accounted for 47.7 percent. Less than 1 percent were intending residents. Visitor arrivals climbed to 6,681 during the quarter, a 19 percent increase from 5,612 in the first quarter of 2025. Year on year, visitor arrivals were up 3.6 percent.

Australia remained the largest source market, accounting for 31.1 percent of arrivals. A total of 2,076 Australians visited during the second quarter, up 32.2 percent from 1,570 in the previous quarter.

China was the next largest source at 13.3 percent, followed by other Asian countries (9.6 percent), the United States (8.9 percent), Fiji (7.3 percent), New Zealand (7.1 percent), Papua New Guinea (6.7 percent), other Pacific countries (4.1 percent), other European countries (3.9 percent), Vanuatu (3.2 percent), Japan and the United Kingdom (1.5 percent each), other countries (1.2 percent) and Canada (less than 1 percent).

By month, April recorded the highest number of visitors with 2,312, followed by June with 2,228. May had the fewest at 2,141.

A total of 2,337 tourists were recorded during the quarter, with 2,146 citing holiday and vacation as their purpose of travel.

Tourists stayed an average of 11 days, with Australians making up 32.4 percent of the total.

The most common purpose of travel was holiday and vacation (32.1 percent), followed by business and conferences (27.3 percent), other reasons (24.5 percent), visiting friends or relatives (13.2 percent) and transit or stopover (2.9 percent).

Age distribution showed that 76.1 percent of visitors were between 25 and 64 years old. Those aged 0 to 24 years accounted for 7.1 percent, while 65 years and over comprised 11.1 percent. The remaining 5.8 percent did not state their age.

Males represented 69.7 percent of total visitors, while females made up 30.3 percent.

In terms of occupation, the largest group of visitors were professionals and technical workers (32.2 percent), followed by administration and managerial (18.2 percent), production and related work (13.9 percent), not working (12.3 percent), other occupations (5.3 percent), students (5.0 percent), sales workers (4.8 percent), service workers (2.7 percent), agriculture, forestry

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and fisheries (2.2 percent) and clerical workers (1.4 percent).

Another 1.9 percent did not state their occupation. Male visitors outnumbered females across all occupational groups.

Air Niugini carried the highest share of passengers at 31.1 percent, followed by Qantas (29.9 percent), Solomon Airlines (28.6 percent), Fiji Airways (6.7 percent) and unscheduled flights (3.7 percent).

Statistics for Brisbane-Munda flights, which began weekly service in February 2024, will be included in the third-quarter 2025 report due to a delay in arrival card processing at Munda immigration. PBR

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I S S UE 2 , 2025

TO U R I S M

VIS ITOR ARRIVA LS TO S O LO M O N I SL ANDS RISE 2 1 pe r ce nt I N SE C OND QUART E R O F 2 0 2 5 The Solomon Islands recorded 13,994 visitor arrivals in the second quarter of 2025, marking a 21 percent increase compared with the previous quarter, according to official figures released on 29 August.

Compared with the same quarter last year, arrivals grew 11.8 percent. Returning residents comprised the largest share of entries at 51.8 percent, while visitors accounted for 47.7 percent. Less than 1 percent were intending residents. Visitor arrivals climbed to 6,681 during the quarter, a 19 percent increase from 5,612 in the first quarter of 2025. Year on year, visitor arrivals were up 3.6 percent.

Australia remained the largest source market, accounting for 31.1 percent of arrivals. A total of 2,076 Australians visited during the second quarter, up 32.2 percent from 1,570 in the previous quarter.

China was the next largest source at 13.3 percent, followed by other Asian countries (9.6 percent), the United States (8.9 percent), Fiji (7.3 percent), New Zealand (7.1 percent), Papua New Guinea (6.7 percent), other Pacific countries (4.1 percent), other European countries (3.9 percent), Vanuatu (3.2 percent), Japan and the United Kingdom (1.5 percent each), other countries (1.2 percent) and Canada (less than 1 percent).

By month, April recorded the highest number of visitors with 2,312, followed by June with 2,228. May had the fewest at 2,141.

A total of 2,337 tourists were recorded during the quarter, with 2,146 citing holiday and vacation as their purpose of travel.

Tourists stayed an average of 11 days, with Australians making up 32.4 percent of the total.

The most common purpose of travel was holiday and vacation (32.1 percent), followed by business and conferences (27.3 percent), other reasons (24.5 percent), visiting friends or relatives (13.2 percent) and transit or stopover (2.9 percent).

Age distribution showed that 76.1 percent of visitors were between 25 and 64 years old. Those aged 0 to 24 years accounted for 7.1 percent, while 65 years and over comprised 11.1 percent. The remaining 5.8 percent did not state their age.

Males represented 69.7 percent of total visitors, while females made up 30.3 percent.

In terms of occupation, the largest group of visitors were professionals and technical workers (32.2 percent), followed by administration and managerial (18.2 percent), production and related work (13.9 percent), not working (12.3 percent), other occupations (5.3 percent), students (5.0 percent), sales workers (4.8 percent), service workers (2.7 percent), agriculture, forestry

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and fisheries (2.2 percent) and clerical workers (1.4 percent).

Another 1.9 percent did not state their occupation. Male visitors outnumbered females across all occupational groups.

Air Niugini carried the highest share of passengers at 31.1 percent, followed by Qantas (29.9 percent), Solomon Airlines (28.6 percent), Fiji Airways (6.7 percent) and unscheduled flights (3.7 percent).

Statistics for Brisbane-Munda flights, which began weekly service in February 2024, will be included in the third-quarter 2025 report due to a delay in arrival card processing at Munda immigration. PBR

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ISSUE 2 , 2025

2025 PAPUA NEW GUINEA

INVESTMENT WEEK DECEMBER 7 - 11 | ICC SYDNEY

REGISTER NOW!

Join us from December 7-11, 2025 at the International Convention Centre, Sydney, Australia.

PNG CORE Members & PNG Government

AUD

3,025

Non-PNG CORE Members

AUD

(GST INCLUSIVE)

1500+ Delegates

100+

Speakers

3,872

Speaker Rate

AUD

(GST INCLUSIVE)

25+

Sessions

100+

Exhibitors

1,650

(GST INCLUSIVE)

20+

400+

Participating Industries

Participating Companies

10+

Participating Countries

MARK YOUR CALENDAR: • Charity Golf Challenge 5 Dec • Regulators Forum 8 Dec • • PNG International Suppliers Forum 8 Dec • Conference & Exhibition 9-11 Dec • • Gala Dinner 9 Dec •

For more information contact the Events Team:  +675 207 9080  events@pngcore.org  pnginvestmentweek.com.pg www.paci f i cbusi nes srev i ew.com

Pa ci f i c B u s i n e s s Review | 57

I S S UE 2 , 2025

TO U R I S M

US P, SP TO l aun ch Paci fi c Tou r ism Re sea r ch I ns t i t u t e to boos t sustaina b le gr o w t h The University of the South Pacific (USP) and the Pacific Tourism Organisation (SPTO) have signed a Memorandum of Understanding (MoU) to establish the Pacific Tourism Research Institute (PTRI), marking a milestone in regional collaboration.

“USP is proud to partner with SPTO in launching the Pacific Tourism Research Institute,” he said. “This initiative will enhance the skills and knowledge of our graduates, positioning them as leaders in the global tourism landscape and fostering a sustainable future for our Blue Pacific.”

The institute will serve as a hub for knowledge generation, capacity building and innovation, aimed at ensuring tourism across the Pacific is sustainable, culturally grounded and community-driven.

The signing was followed by a symbolic tree-planting ceremony, underscoring the spirit of sustainability and shared growth. PBR

Through the partnership, USP and SPTO will focus on joint research to guide policy and practice, strengthen data systems for more informed decision-making, and build the skills of the next generation of Pacific tourism professionals.

The collaboration also covers curriculum development, institutional support and amplifying Pacific voices in global tourism debates.

SPTO Chief Executive Officer Christopher Cocker said the PTRI was the product of the Pacific Tourism Research Cooperation Framework, supported by the New Zealand Ministry of Foreign Affairs and Trade.

The initiative aligns with key regional strategies including the 2050 Strategy for the Blue Pacific Continent, SPTO’s Strategic Plan (2025–2029), the Pacific Sustainable Tourism Policy Framework and the Pacific Tourism Statistics Strategy, according to Cocker.

“Today marks a significant milestone for tourism in our Blue Pacific Continent with the signing of the MoU between SPTO and USP,” Cocker said.

“This agreement formalises the creation of the PTRI – a visionary and innovative partnership that will shape the future of tourism research and knowledge development across our region,” he added.

USP Vice-Chancellor and President Professor Pal Ahluwalia said the partnership reflects the university’s commitment to regional integration and practical learning.

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