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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...
Engaging the private sector through public-private partnerships and privatization can improve the performance and service delivery of state-owned enterprises (SOEs), according to a new PSDI report. Finding Balance 2014: Benchmarking the Performance of State-Owned Enterprises in Island Countries, will be launched in PNG at a breakfast today hosted by the Port Moresby Chamber of Commerce. “When SOEs operate commercially, they reduce the costs of doing business, create opportunities for private investment,...
Ms. Serah Obed, Acting Commissioner, Vanuatu Financial Services Commission (left) and Ms. Nancy Wells, ADB's Development Coordinator in Vanuatu, share a handshake in Port Vila yesterday at the signing of an MOU committing their organisations to work together to build what will be the Pacific's "most comprehensive suite of electronic business registries". After working together to achieve business law reform, PSDI and Vanuatu’s financial services regulator have agreed to build online business registries that will lower costs, boost transparency,...