Vanuatu Banking Sector Recovers
May 31, 2023 4:38 am | Posted in Business News
According to the annual results published by Vanuatu’s banks, excluding the National Bank, the overallperformance of the banking sector in 2022 showed […] Read more»
Vanuatu-based PCS company debarred from World Bank for fraudulent practices
April 18, 2023 8:30 am | Posted in Business News
Vanuatu-based Power and Communications Solution (PCS) company currently located opposite the University of the South Pacific’s (USP) Emalus campus, has been debarred for a period of 15 months from World Bank as of March 29 2023, for fraudulent practices. The World Bank reported that PSC have been committing fraud by submitting re-imbursement applications for non- subsidised items whilst claiming subsidies. Read more»
South Africa’s wanted fugitives now Vanuatu citizens.
April 13, 2023 8:00 am | Posted in Business News
By Hilaire Bule. Vanuatu’s Financial Intelligence Unit (FIU) had advised Vanuatu’s Citizenship Office of the hostile information against corruption-accused fugitive Gupta brothers – […] Read more»
POLICE PROBE ALLEGED FRAUD
April 12, 2023 8:00 am | Posted in Business News
The owners of VRent A Car, who are based in Dubai, United Arab Emirates, have filed complaints with the police against their Sales Manager in Port Vila, Kang Biao Li. This was confirmed to the Vanuatu Daily Post by their lawyer from the law firm, Timakata & Associates, yesterday. Read more»
Local Entrepreneur Fined VT1 Million Over Development Operations
April 11, 2023 8:00 am | Posted in Business News
By Doddy Morris Local business owner Lopez Adams received a Breach of Enforcement Notice from the Port Vila City Council (PVCC) regarding […] Read more»
Solomon Airlines lends a helping wing to Air Vanuatu
April 8, 2023 8:00 am | Posted in Business News
Solomon Airlines Chief Executive Officer (CEO) Gus Kraus has confirmed the national carrier has sent a De Havilland Twin Otter aircraft and […] Read more»
Air Vanuatu faces over VT100M loss due to Boeing 737 engineering problem and flight cancellations
April 8, 2023 7:50 am | Posted in Business News
By Hilaire Bule. A former member of Air Vanuatu’s Board of Directors has expressed concern over the potential loss the airline could […] Read more»
MPs Take Charge of Committees Probing Government Spending, Foreign Policy, and More
April 8, 2023 7:30 am | Posted in Business News
Compiled by Glenda Willie Parliamentary Standing Committees of the country’s 13th legislature have had their chairpersons and members, comprising Members of Parliament […] Read more»
Benzene shortage on Aneityum
April 8, 2023 7:20 am | Posted in Business News
By Glenda Willie Aneityum is currently experiencing a severe benzene shortage, leaving small businesses and local residents struggling to cope with the […] Read more»
Resort Owner Hails Virgin Australia as Savior of Vanuatu Tourism Industry
April 8, 2023 7:15 am | Posted in Business News
By Charles Hakwa The owner of Eratap Resort has welcomed the return of Virgin Australia to Port Vila from Brisbane, stating that […] Read more»
