There is mounting evidence that Vanuatu’s economy is slowing and could even be shrinking.
An innovative decision by Reserve Bank of Vanuatu (RBV) Governor Simeon Athy and his team, provided a significant economic boost for Luganville recently when they chose to co-host three key regional meetings in the Northern Town.
The Vanuatu Broadcasting and Television Corporation (VBTC) has signed a four-year agreement with the Fest’Napuan Association to provide live coverage of the event across all its media platforms – Radio Vanuatu, Paradise FM, and Television Blong Vanuatu.
Telecom Vanuatu Limited (TVL) has signed a three-year agreement with Fest’Napuan Association to provide 1 million vatu worth of sponsorship support to the event for the next three years.
“I would like to thank the Prime Minister of Vanuatu and his delegation for being part of the dialogue. It illustrates the strong ties between Vanuatu and Australia and Vanuatu’s openness and commitment to enabling an environment for economic growth.
Turning a negative into a positive is key to Sheng Lee’s vision for the future of Vanuatu’s biggest bank. Although Mr Lee has held the top job in an acting capacity since October, it was only just over a month ago when he was formally appointed country manager for Vanuatu, Kiribati and New C…
The Consumer Price Index (CPI) of March, 2018 indicated an increase of (+0.7 %). Port Vila slightly increased by (+0.9%) while Luganville slightly decrease by (-0.3%), compared to the previous quarter, according to the latest quarterly highlight of the Vanuatu National Statistics Office (VNSO).
A Vanuatu-based company is claiming that Australia’s headline-driving Coral Sea Cable joining Papua New Guinea, Solomon Islands and Australia may be driven more by political concerns than actual business sense.
The community of Ifira island in Port Vila harbor have placed Namele leaves, the traditional ban, along the foreshore of the custom marine boundary of the island, whose people are custom land owners of much of the land on which the Vanuatu capital, Port Vila, is located.
Technological advances have transformed the two billion worker Asian labor market, helping create 30 million jobs annually in industry and services over the last 25 years, drive increases in productivity and wages, and reduce poverty, says a new report by the Asian Development Bank (ADB).
The Office of the Maritime Regulator (OMR) has dismissed a statement by Yumi Toktok Stret (YTS) social media group on its Facebook page alleging that there was a hole under the hull of the MV Vanuatu Ferry, and that the hole was patched with a tree stump.
The Office of the Registrar of Co-operatives and Business Development Services (ORCBDS) has revealed that various legal actions involving former Director of the APMA Financial Investment Centre/Cooperative (AFIC) Director, Barnabas Tabi, are underway.
Representatives of a Farmers Cooperative called Aniasuas-Mol Cooperative consisting of members representatives from Banana Bay, Eton, Teouma, Eratap, Port Vila and Rangrango are attending a weeklong Food Processing and Preservation Workshop at Club Hippique this week.
The National Bank of Vanuatu’s Premium Banking Center was officially launched on Tuesday by the Minister of Finance and Economic Management, Gaeton Pikioune.
Efforts to support private sector development should be stepped up to boost Vanuatu’s economy, with growth expected to moderate to 3.2% in 2018 and 3.0% in 2019, says a new Asian Development Bank’s (ADB) report.
The total Vanuatu government revenue in the December quarter of 2017 stood at Vt7.468-billion, of which 69% is recurrent revenue and 31% were grants received from abroad.
The Consumer Price Index (CPI) of December, 2017 indicated an increase of (+0.1 %), according to the Statistics Update (SU) of the Vanuatu National Statistics Office (VNSO).
In this piece, which Daily Post will publish in a series over the next few weekend issues of the paper, well known personality Allan Palmer, sits down with 96 Buzz FM’s Kizzy Kalsakau and recounts some historical times in the life of this nation he was privileged to be part of.
Ifira Marine Management (IMM), a newly-formed entity of Ifira, is announcing the establishment of its new Ifira Community Conservation Area (CCA), stretching from Prima at La Colle River all the way to Dream Cove beyond Ifira and on the mainland.
Romuald Ledoux, master chocolatier and owner of popular Au Peche Mignon café, in the center in Port Vila, held his first chocolate tasting of his products made from 100% Vanuatu cocoa beans from Malekula at his cafeteria on Wednesday.
The SPC Regional Director, Melanesia, Mia Rimon, has called on Government agencies, ship owners and ship operators in Vanuatu to work together transparently and collaboratively to deliver clean, safe and profitable shipping services to the country.
The Government considers the country’s domestic shipping fundamental for inter-island connectivity and the main means of access to and from many outer islands, supporting the socioeconomic needs of Vanuatu.
Rising maritime security issues across Pacific Island countries has led to consultations by the Pacific Island Forum (PIF) Secretariat in Suva, Fiji to find ways to deal with these issues.
The Office of the Maritime Regulator of vessels is in the process of clearing up Port Vila Harbour off ships at Iririki Island and along the coastline of Nambatu and the area termed ‘Kasis Harbour’ at Paray Bay.
A full container load of rotting potatoes and onions was intercepted in Santo by biosecurity officers and has been destroyed.
Member of Parliament for Pentecost Francois Chani, the Government’s Special Envoy for Seasonal Employment with New Zealand and Australia says one of his task is to contribute to the review of the scheme.
All 52 members of the Parliament of the Republic of Vanuatu have each received a laptop from a Vanuatu-registered Chinese company, Vanuatu National Digital Stock Exchange, which is soon to begin operation in the country.
Farmers in California, on the west coast of the United States, have indicated they are interested in engaging ni-Vanuatu workers on seasonal employment on their farms.
The Port Vila Municipal Council (PVMC) will put into effect a new by-law — the George Kalsakau Drive Traffic and Parking By-Law which aim to control the use and parking of motor vehicles on George Kalsakau Drive this month.
The next and the final phase of the construction of the Talise Hydro Power Project on Maewo is now about to get underway after the landing craft LC Tina 1 delivered to the island last week some 25 tons of material for the project.
Starting later this month, people in Port Vila will not be able to stop buses and taxis anywhere along the main streets of the town as they do now.
The Department of Biosecurity conducted a first of its kind training for its staff in Luganville with kava exporters in Luganville over three days conducted by a local consultant and former Principal Biosecurity Officer Francis Qarani.
Aon Corporation, the leading global provider of risk management and insurance services and Vanuatu’s principal insurance service since 2000 is now independently owned and trading as Vanuatu Insurance Brokers Ltd.
The Port Vila Municipal Council (PVMC) has given notice of intention to put into effect two new traffic By-Laws. They are the Bus and Taxi Stop By-Law No. of 2017 and the George Kalsakau Drive Traffic and Parking By-Law No. of 2017.
The Interim Regulator of the Office of Maritime Regulator (OMR), Charlie Maniel, is appealing to investors not to bring old vessels and use Vanuatu as a dumping site.
The Port Vila Cruise Association has been ordered by the Supreme Court of Vanuatu not to control the operation of public land transport at the main wharf of Port Vila.
Roadworthiness checks by mechanics of the government’s Department of Public Works for vehicles using public roads in 2018 are being conducted daily since November 2017.
A three-member team from the Department of Biosecurity is on Santo this week to look at kava export facilities and also providing certification for new exporters.
Ifira Land Management, a subsidiary of the Ifira Trustees Limited (ITL), ordered the closure of a shop operated by a person of Asian origin at Malapoa Estate outside of Port Vila in December after two years operation.
The Minister of Internal Affairs, Andrew Napuat, has announced plans to block public servants, police officers, teachers and members of Parliament from owning taxis and buses effective from January 1, 2019.