Fiji National Provident Fund

Investors in Fiji’s tourism sector are building and upgrading, with more new hotel rooms currently being built in Fiji than there are currently in all of Papua New Guinea. We talk to industry insiders to find out more.

Fiji’s largest investor is the country’s sole retirement savings fund, Fiji National Provident Fund (FNPF), which receives contributions from over 420,000 members annually. Business Advantage speaks to its head to discuss the fund’s plans for the future, including its ties to the Papua New Guinea market.

With its economy buoyed by a resurgent tourism sector, we talk to business leaders in Fiji about the opportunities that lie ahead for the Pacific Islands hub.

Telikom PNG in pre-APEC upgrade, strong result for Highlands Pacific, PM in Davos, Oil Search’s successful 2017, poor roads leading to food wastage, IFC sells BSP shares to Fiji fund, Nautilus trials on track, push to  return artefacts

PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.

The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund.

The Papua New Guinea government is looking for a new partner to develop the country’s second mobile phone carrier, Bemobile, after the Fiji National Provident Fund suddenly pulled out.

A curious thing has been happening in the Pacific. Instead of running trade and investment road-shows in Australia, New Zealand or China, two Pacific Island countries have been courting investment from each other, observes Jenny Hayward-Jones.

The transformation of Bemobile mobile phone company following last week’s reported restructure has begun, with Bemobile’s Regional CEO for Papua New Guinea and Solomon Islands, Pradeep Lal, already in PNG to take the reins, and a contract to roll out 300 more towers in place.

Mobile phone competition in Papua New Guinea and Solomon Islands is about to get tougher, after a deal which will see about US$250m (K550 million) in new funding for PNG’s second carrier, BeMobile, which will see it relaunched as Vodafone BeMobile.