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The Government of the Kingdom of Tonga launched the region’s first integrated online business registry today, providing up-to-date information on Tongan companies and businesses to the public 24 hours-a-day, 7 days-a-week. The site was launched by Mrs. Vaimoana Fakatulolo, CEO of Tonga’s Ministry of Commerce, Tourism & Labour, at a ceremony attended by representatives of the private sector and supporting development partners including the Asian Development Bank (ADB) and the governments of...
A new report launched in Palau by PSDI today says unlocking the value of “movable property” through legal reform and public online registries is key to removing constraints to economic growth and access to finance in developing Pacific island economies. Unlocking Finance for Growth notes that obtaining credit is difficult in many of the Pacific’s developing countries. But without broad-based access to finance, investment remains constrained and economic growth potential is...
Citizens of Timor-Leste may soon have access to business loans from commercial banks using moveable assets as collateral, as a result of PSDI support. Participants at a PSDI-supported consultation meeting were told today that the Government of Timor-Leste is proposing to introduce secured transactions reforms to promote broader access to finance and improve the enabling environment for business in the country.“Once the new secured transactions reforms are in place, people will...
Citizens of Timor-Leste may soon have access to business loans from commercial banks using moveable assets as collateral, as a result of PSDI support. Participants at a PSDI-supported consultation meeting were told today that the Government of Timor-Leste is proposing to introduce secured transactions reforms to promote broader access to finance and improve the enabling environment for business in the country.“Once the new secured transactions reforms are in place, people will...
Senior government officials from 10 Pacific island nations, development partners and experts in private sector development gathered today at Asian Development Bank (ADB)’s office in Sydney to share their knowledge and report on progress made in the region’s expanding business registration sector. The 4th Pacific Business Registries Workshop, a 2-day event co-hosted by PSDI and the New Zealand Companies Office (NZCO), will again be moderated by PSDI advisors. PSDI has been...
*The following speech was delivered by the Hon Richard Prebble at the launch in PNG of Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, at the Port Moresby Chamber of Commerce and Industry on 24 October 2014* I am New Zealand’s last Postmaster General. I got the job because the cost of sending a letter was increasing faster than inflation but the mail delivery was so bad that the claim...