Vanuatu Aviation Investment Project update for Bauerfield

Vanuatu Aviation Investment Project update for Bauerfield

Richard Butler | Daily Post | 27 Aug 2018 The Government and its partners in the Vanuatu Aviation Investment Project (VAIP) are committed to providing regular updates about construction works at the country’s three main airports. At Bauerfield, the contractors China Civil Engineering Construction Corporation JV have made great progress in establishing the laydown and storage facility and are continuing to undergo calibration and equipment checks. So far, they have achieved 100% of Read more [...]
Close to 30,000 rural ni-Vanuatu to be migrated to electronic banking

Close to 30,000 rural ni-Vanuatu to be migrated to electronic banking

Richard Butler | Pacific Office in Fiji | Aug 23rd 2018 Port Vila, Vanuatu – Addressing low usage, cost of travel and lack of opportunities to transact, the National Bank of Vanuatu (NBV) has announced the migration of close to 30,000 of its rural customers from a legacy paper-based passbook system to electronic and mobile banking. The United Nation’s Pacific Financial Inclusion Programme (PFIP), through funding from the Governments of Australia and New Zealand, is working with NBV to launch Read more [...]
Vanuatu revenue soars from passport sales

Vanuatu revenue soars from passport sales

Post by Richard Butler | RNZ | Aug 21st, 2018 Passport sales in Vanuatu have exceeded expectations, bringing in $US16 million in the first quarter of this year, or more than three times what was budgeted Since 2015, the country has offered honorary citizenship to people willing to pay a $US165,000 application fee. The figures, first reported by the Daily Post, showed revenue from the programme now made up about 25 percent of total government revenue. In 2017, passport sales accounted Read more [...]
Vanuatu passport sales since 2015, the country has offered honorary citizenship to people willing to pay a $US165,000 application fee

Vanuatu passport sales since 2015, the country has offered honorary citizenship to people willing to pay a $US165,000 application fee

Richard Butler | Daily Post | Aug 22th 2018 Passport sales in Vanuatu have exceeded expectations, bringing in $US16 million in the first quarter of this year, or more than three times what was budgeted The figures, first reported by the Daily Post, showed revenue from the programme now made up about 25 percent of total government revenue. In 2017, passport sales accounted for nearly 16 percent of government revenue. Read more [...]
China: Come of age?

China: Come of age?

Richard Butler | Xinhua | Aug 17th 2018 CHINA finally seems to have completed its coming of age, and now has the power and money to disrupt diplomatic relations around the world. After decades of taking its neighbours for granted, Australia is starting to wake up to China’s potential to dominate the Pacific region. The superpower has been splashing its cash and growing its influence in the region at the same time as Australia’s assistance has stalled. Now some experts warn China Read more [...]