VBR

The Business Sector 2022 YEAR IN REVIEW

Vanuatu started 2022 with uncertainty on what the year ahead would bring. There was the ongoing issues of dealing with COVID, the rollout of vaccines and businesses struggling to keep afloat.EU, Vanuatu visa waiver agreement under threatDue to concerns of deficiencies with screening and background check on applicants, the EU proposed a partial suspension of the visa free travel for Vanuatu passport holders. At the time, citizenship sales had exceeded the 2021 budget and was a significant revenue contributor to the Vanuatu Government. Read more»

UNDP SOCIAL IMPACT PROGRAM 2022 Cohort

Rod Blong Sakses

In November 22, V-Lab celebrated it 3rd anniversary. Since its inception, more than 150 men and women have gone through their programs […] Read more»

VLAB

V-LAB BUSINESS INCUBATOR 3RD ANNIVERSARY

V-LAB - Helping Grow Vanuatu3 years ago, in November 2019, V-Lab was established in Port-Vila as a charitable association with the view to promote and support entrepreneurship and innovation in the country.For the past 3 years, V-Lab, working hand-in hand with Yumiwork - Vanuatu’s first co-working space, has worked hard to improve and strengthen the local business ecosystem in order to make it more conducive for entrepreneurship, social action and innovation. Read more»

Snap Election

SNAP ELECTION 2022 NEW GOVERNMENT, NEW DIRECTIONS OR BUSINESS AS USUAL

2022 Snap Election overviewThe final results of the 2022 snap election were release on Sunday evening of the 23rd October. 14 out of the 52 sitting Members of Parliament lost their seats with the majority of the existing MPs returned. 10 new MP’s and 4 former MP’s including 2 former Prime Ministers won seats in the new legislature. Read more»

National Airline or National Burden??

Do we need a National Airline?


I was recently sitting in the departure lounge at the international terminal waiting to board the plane for Brisbane. At check-in, I was told that the plane was full, and looking around, I saw a mixture of passengers. There were tourists, local residents, and a lot of seasonal workers. Full planes mean good loadings and this is good for Air Vanuatu. However, Vanuatu’s embattled airline has had its fair share of problems and the problems go deeper and further back into its thirtyplus years of existence. In its 2020 financial statements, the numbers are quite concerning. As of 31st December 2020, Air Vanuatu has accumulated losses of VT7.785b with a negative equity position of VT3.12b. Its solvency has only been possible with the support of the Vanuatu Government and, therefore, the taxpayers of Vanuatu.

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