February 27, 2021 11:50 pm | Posted in Features
By Glen Craig This article starts by acknowledging two fundamental truths, which are all too rarely discussed together. Firstly, the nation’s health […] Read more»
January 30, 2021 11:38 pm | Posted in Features
The year 2020 will go down in history as one of the worst since the end of WWII. Global economic shocks, pandemics, the rise of totalitarian regimesand the political disintegration of a superpower were all played out against the backdrop of the increasing and unabated progress of climate change.Help may be on the horizon for COVID-19 and the economic suffering it brought, but there’s no reason to believe that 2021 will mark the end of our pain. We need to be prepared for a long slog...... Read more»
January 30, 2021 2:07 am | Posted in Features
Your business has a story. It’s probably a great story, right? You gallantly fought a dragon to rescue a prince/princess who gave […] Read more»
December 29, 2020 2:51 am | Posted in Features
Only half a dozen nations have graduated so far. (One LDC was de-listed when its territory was integrated into another’s.) In the Pacific, Samoa was the first to graduate, in 2014. Vanuatu was originally scheduled tofollow it in 2015, but the devastation of cyclone Pam led to a request to defer that moment by five years. Solomon Islands is scheduled to be the next Pacific island nation to graduate, in 2024... Read more»
November 26, 2020 2:26 pm | Posted in Features
The VT 52 billion sticker on next year’s budget seems high, but it’s not entirely what it seems. Most of next year’s rise in spending compensates for money not spent this year. Every vatu the government wants to spend has to be approved by Parliament. But not everything approved gets spent. Read more»
October 29, 2020 4:42 pm | Posted in Features
VANWODS Microfinace Inc is a microfinance of networkdedicated to eradicating poverty by empowering womenin rural villages with the opportunity to start, growand maintain sustainable, income generating microenterprises. Read more»
September 30, 2020 3:44 am | Posted in Features
The Vanuatu Chamber of Commerce recently commissioned a survey of the private sector to provide a snapshot of the effect the economic crisis created by the Corona Virus and TC Harold on the business sector. The survey was conducted over a 5 week period between the 20 August and 22 September. 86 different businesses were interviewed across a wide selection of the economy, along with an online survey of 203 respondents covering 15 different subsectors. Read more»
August 31, 2020 11:00 pm | Posted in Features
In March, due to the threat posed by COVID-19, the Vanuatu Government closed its border sand in doing so, closed down the Tourism Sector. There were great concerns this would have on the economy and the effect this would have on businesses that relied on tourism. The closure of borders resulted in a large departure of Expatriates from the country many of whom have yet to return. Read more»
June 30, 2020 12:36 am | Posted in Features
On the 31st March a little over a week after the 2020 national elections, the outgoing caretaker Prime Minister, Charlot Salwai, issued a statement in response to the COVID-19 Crisis and the economic outlook for Vanuatu.
The statement contained a number of measures to be implemented, that were intended to stimulate the economy after the closure of our borders and the devastating effects of this on the country’s tourism sector.
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May 30, 2020 8:00 am | Posted in Features
Vanuatu Banks have been a critical and important part of how businesses affected by the Economic crisis created by COVID-19 are managing their situation. When we run out of money, we turn to our banks for help.
However, we need to also understand that our banks are just another business in Vanuatu. Banks are basically traders of money. In a very simplistic model, they accept deposits from people and institutions who may have funds to invest, ...
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