Business
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Fiji launches Qele Maroroi Holdings to give iTaukei landowners direct equity in development projects starting April 1
A new vehicle is set to give iTaukei landowners a direct stake in development on their land, shifting them from passive leases to active partners. With an April 1 start on the horizon, many operational details remain to be announced.
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Fiji Urgently Overhauls Energy Laws to Accelerate Renewables Toward 2036 Target, IRENA Finds
Fiji’s bold clean-energy goals could hinge on fixing a lagging legal and regulatory framework. A new assessment warns that outdated rules and slow approvals may slow renewables, underscoring a push for reforms to attract investment and accelerate the transition.
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Fiji braced for higher fuel costs as oil climbs on Middle East tensions; government says buffers in place
Global oil prices climb amid Middle East tensions, with potential spillovers to Fiji’s cost of living as transport and production costs rise. Officials say the impact remains manageable for now, backed by solid fuel stocks and healthy foreign reserves, even as tourism and households brace for possible shifts if prices stay high.
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Marshall Islands to Host Pacific Islands Forum FEMM 2026 to Shape Blue Pacific Economic Priorities
Pacific finance chiefs head to Majuro for FEMM 2026 to map out next steps on climate finance, disaster resilience, and regional economic integration. Set within the Blue Pacific framework, the three days will shape priorities with lasting impact on policy and funding.
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Japan expands Kizuna Talanoa to include Forum Troika as PALM preparations accelerate
Japan widens its Pacific partnership, inviting Forum Troika voices into a high‑level dialogue aimed at turning commitments into action under PALM. The Tokyo talks skim the surface of resilience, economic development, and ocean governance, signaling practical steps ahead of a busy regional calendar and upcoming leaders’ forums.
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IRENA urges Fiji to overhaul energy laws to accelerate its 2036 renewable target
Fiji’s bold move to 100% renewable electricity by 2036 might hinge on a few key policy fixes. A new assessment flags regulatory gaps and unclear processes that could slow projects—and points to a practical path to speed deployment and attract private investment.
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Fiji Braces for Higher Fuel and Consumer Costs as Oil Tops $100 a Barrel
Oil surges past US$100 a barrel, signaling higher costs for Fiji’s businesses and households. As contingency plans are discussed, the ripple effects on fuel, transport and essentials could reshape prices in the weeks ahead.
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Solomon Islands central bank warns of higher fuel and electricity costs as global oil shock bites
Global oil markets stay under pressure amid ongoing regional tensions, hinting at rising fuel and power costs. The Solomon Islands’ central bank warns households and businesses to brace for higher energy bills, with impacts likely starting mid-2026. With most fuels imported, energy costs could ripple through transport and electricity, tightening already stretched budgets.
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Parliament approves $220m guarantee to back Fiji Development Bank, easing funding costs and boosting lending to agriculture, housing and SMEs
A $220 million government guarantee to back the Fiji Development Bank’s lending could lower funding costs and keep vital finance flowing to agriculture, housing and SMEs. But the move raises questions about fiscal risk, oversight and how public support will steer development priorities.
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Fiji’s PALM and RSE remittances top $1B as overseas workers bolster households back home
Fiji’s overseas work schemes have reached a milestone, with remittances surpassing a billion dollars as thousands of workers gain skills abroad. Expanded welfare support, reintegration pathways, and a new family-accompaniment pilot point to a broader push to turn overseas opportunities into lasting local gains.