Pacific Periscope: 12 August 2011

Published: Fri 12 Aug 2011 03:47 PM
Pacific Periscope: 12 August 2011
12 August 2011
A weekly update of trade and investment in the Pacific Islands region brought to you by Pacific Islands Trade & Invest (PT).
PNG clans buy Brisbane tower for A$38 million
In a move that rivals indigenous people’s business investments in countries like New Zealand, a set of clans from Papua New Guinea’s
Indian help for coconut industry revival
One of the Pacific Islands’ most lucrative industries of yesteryear, which provided employment to thousands of islanders, is set to receive a fillip.
Islands leaders underscore aid for trade, EPA initiatives
Leaders of Pacific Islands who had gathered in Papua New Guinea for the Pacific African, Caribbean, and Pacific States (P-ACP) Trade Ministers meeting this week have reiterated the importance of the aid for trade concept.
Grand Pacific Hotel to regain lost glory
One of the Pacific Islands region’s most iconic hotel properties and one that has some legendary literary history is finally set to get a facelift after lying moribund and disused for a decade and a half.
PIT hosts Pacific marine tourism businesses at Sydney Boat Show
Pacific Islands Trade & Invest hosted 17 marine based tourism operators from all over the Pacific at the Sydney Boat Show.
Economic Update from around the Islands
East Timor’s smart move
Timor Leste’s (East Timor) decision last month to take its oil money out of the United States and spread it across more diverse investments has truly paid off.
Solomon Islands gets grant to make fiscal adjustments
In an initiative designed to support the Solomon Islands Government in making short-term fiscal adjustments to respond to the global financial crisis, the Manila headquartered Asian Development Bank (ADB) is providing a US$5 million grant.
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Stories compiled & written by Dev Nadkarni

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