Citizenship Sale
October 29, 2020 4:50 pm | Posted in Opinions
Citizenship Sale: The “lifesaver” in this crisis? By Glenda Willie and Gene Wong At the recent Business Forum, representatives from the Vanuatu […] Read more»
Economic update 2020
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»
WORLDWIDE BANKING CRISIS?
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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COVID-19 and the economy
March 28, 2020 8:00 am | Posted in Features
As the Vanuatu Government closes the borders in response to the threat of COVID-19, the country’s Tourism and Hospitality sector has shut down. Air Vanuatu has suspended all flights in and out of the country indefinitely and cruise ship arrivals have completely stopped.
The business sector is extremely concerned on the short and long-term effects this will create to Tourism and Hospitality as it contributes over 40% to Vanuatu’s GDP and is a large employer.
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