by Richard Butler | 01 May 2014 | Invest
Vanuatu ’s Tourism efforts back on track with national road shows
Vanuatu Tourism Office claims to be unfazed by the recently ramped up marketing efforts of rival Tourism Fiji, promising a revitalised push of its own.
In Sydney for Vanuatu’s national roadshow series, VTO general manager Linda Kalpoi told Travel Today that although Fiji is Vanuatu’s main competitor, it is a “very different animal”.
“We’re not comparing apples and apples here,” she said. “We know that Read more [...]
by Richard Butler | 26 Apr 2014 | Invest
Vanuatu borrowing from China to build roads
Updated at 1:02 pm on 24 April 2014
Vanuatu is to borrow 53 million US dollars from China to pay for road construction.
The Minister of Finance, Maki Simelum, signed an agreement earlier this week with the EXIM Bank of China. The loan is over 20 years, with a two percent interest rate and a seven-year grace period before payments start. Mr Simelum says it will be used to develop roads and put in bridges on Tanna and Malekula.
“As Read more [...]