Finance

Telikom PNG owns EMTV now

Samisoni Pareti
Thu 05 Feb 2015 -

Fiji’s television company Fiji TV today announced its divesting its Papua New Guinea owned television subsidiary Media Niugini Limited for Kina 27 million, or US$9.98 million.

Speculation over changes in Fiji and the Pacific’s banking sector

Dennis Rounds and Samisoni Pareti
Mon 19 Jan 2015 -

Fiji’s business sector is abuzz with speculations about possible major changes on the local and Pacific regional banking scenes.

February 2014

Fiji to sharpen teeth on money laundering

Dionisia Tabureguci

Interception of communication through such means as the tapping of telephones lines will soon be legalised in Fiji as part of national effort to combat money laundering and anti-terrorism financing.

July 2011

Out of the ashes

Sally Shute-Trembath

It took almost a century for Tommie Seriate to open her first bank account. Prior to walking into a branch of Nationwide Microbank in May 2011, this 49-year-old subsistence farmer from the rural Eastern Highlands Province of Papua New Guinea kept her earnings buried in the ashes of the fireplace ...

June 2012

French BRED Bank eyes the Pacific

Robert Matau

Expect new money (new credit) into Fiji’s financial system when the new commercial French owned Bred Bank begins operation in Fiji in September. Also expect the lowering of interest rates.

More controversies for cash-strapped pension fund

Haidee V. Eugenio

It’s been 19 years since former police and quarantine officer Frederick C. Ngeskabei retired, that’s why he was shocked and frustrated to receive on May 2012 a letter from the Commonwealth of the Northern Mariana Islands (CNMI) Retirement Fund saying he has to pay back $225,000 in alleged overpayment since ...