Oceania

Oceania

  • OPEC raises forecasts for global oil demand

    OPEC boosted estimates of request for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.

    The Organization of Petroleum Exporting Nations raised forecasts for the all it needs to supply in 2017 and 2018 by about 200,000 barrels a day for each year, according to a statement from its secretariat in Vienna. Still, a rebound in Libyan production pushed the group’s output last month to the highest this year, undermining its plan to rebalance oversupplied world markets.

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  • Australia police free one of four suspects in 'Islamic-inspired' plot

    Australian police said on Tuesday they had released one of four men arrested in raids last weekend that foiled an "Islamic-inspired" plot to bring down a plane.

    Local media said the plot may have involved a bomb or poisonous gas.

    A 50-year-old man was released on Tuesday night, the Australian Federal Police (AFP) said in a statement, adding that no criminal charges had been filed against him. The other men remain detained without charge, the statement said.

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  • Vanuatu’s latest hospital theatre opens in north Pentecost

    Vanuatu’s new hospital, the Mauna operating theatre in Abwatuntora on Pentecost was opened yesterday and has by presently seen its initial patient, a patient who had reportedly travelled several times before to Vila without being treated successfully. The man has presently been operated in the new theatre on is home island and is pleased with the result. Mauna is the dream of North Pentecost chiefs and people and was initial discussed in 2014. The initial clinically qualified surgeon (as well the initial in the country), Dr Richard Leona, was at that conference and shared the dream of the Raga people.

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Key Facts
Oceania is a region centered on the islands of the tropical Pacific Ocean. Opinions of what constitutes Oceania range from the coral atolls and volcanic islands of the South Pacific (ethnologically divided into the subregions of Melanesia, Micronesia, and Polynesia) to the entire insular region between Asia and the Americas, including Australasia and the Malay Archipelago. The term is sometimes used more specifically to denote a continent comprising Australia and proximate islands,or biogeographically as a synonym for either the Australasian ecozone (Wallacea and Australasia) or the Pacific ecozone (Melanesia, Polynesia, and Micronesia apart either from New Zealand or from mainland New Guinea)Area : 8,536,716 km2 (3,296,044 sq mi)

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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  • Australia Subpar growth ahead

    2017/05/07

    Australia

    Subpar growth ahead

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  • Papua New Guinea Year in Review 2016

    2017/04/17

    Lower returns from the extraction and agriculture sectors and a world fall in commodity prices combined to curb Papua New Guinea’s economic increase in 2016, though prospects for a modest rebound this year are firming up.

    Corrections necessary

    In early November the government amended its year-end GDP increase projections to 2%, significantly lower than the 4.3% estimate under the 2016 budget, half due to a weaker performance from the mining sector. Increase in non-mining GDP was as well revised downwards to 2.5% from the 3.2% projected at the start of the year.

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  • Truman Bradley, Executive Chairman of Tourism Fiji

    2015/12/14

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  • Team Culture & Equal Opportunities Dramatic turnaround in Fiji’s state-owned enterprises

    2015/12/14

    Faiz Khan has overseen huge upswings in profitability and performance at the Fiji Pine Group of Companies and Airports Fiji Ltd since he was appointed to chief both organizations. As he spearheads large investments that will further revolutionize both entities, he attributes the success to teamwork and risk management.

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  • Papua New Guinea Year in Review 2014

    2015/02/14

    A surge in gas exports will set Papua New Guinea on course for an economic boom in 2015 with some estimates putting GDP increase at a stellar 21%. However, tumbling oil prices are likely to take some of the shine off export receipts, limiting the government\\\'s ambitious plan to slash deficit.

    The 2015 budget, unveiled in November, projects 15.5% GDP increase for the coming year. This is approaching double the official estimate expansion for 2014 of 8.4%, with increase this year to be fuelled largely by the commissioning of a $19bn ExxonMobil-led liquid natural gas (LNG) development, next shipments began from the initial phase in May.

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  • Australia’s Coalition government, dominated by the Liberal Party and led by Prime Minister Tony Abbott,

    2014/01/05

    Australia’s Coalition government, dominated by the Liberal Party and led by Prime Minister Tony Abbott, recently completed a rocky initial 100 days in power. While the government stands accused of sending ‘conflicting messages’ to the business sector

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  • “Tourism is the future for Fiji”

    2016/01/16

    As Fiji enjoys an extra record year for tourism, Andrew Turnbull, Chairman and founder of one of Fiji’s flagship resorts, Tokoriki Island Resort, outlines the opportunities for further increase in the sector.

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  • Grahame Southwick, Executive Chairman of the Fiji Fish Marketing Group

    2015/12/26

    Fiji’s staple tuna industry has come under pressure in recent decades from declining fish stocks and a proliferation of foreign vessels. Legendary fisherman Grahame Southwick, founder and Executive Chairman of the Fiji Fish Marketing Group, explains how he diversified his business to survive, with exports to the USA presently flourishing.

    What is your opinion on the evolution being made towards the creation of a united, modern Fiji under the current government and constitution?

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  • Banking in Fiji BSP Fiji positions itself as banking partner of choice in the hub of the Pacific

    2015/12/26

    After gaining a foothold in Fiji with acquisition of the Colonial Fiji Group in 2009, Bank of South Pacific (BSP) has established itself as the leading retail bank with the fastest growing market share of the business and international banking sector. Country Manager Kevin McCarthy explains that the bank’s deep roots and extensive network in the region make it the natural choice for any business looking to enter the Fijian market as a base for regional commerce and trade.

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