ISLAND BEEKEEPING
A pilot project conducted by Pacific Islands Trade & Invest with the Solomon Islands Small Medium Enterprise Council in 2008, has helped facilitate banking loans worth more than SBD$2million to small-medium sized businesses in the region. The ‘SME Documentation Project’ involved the development of 44 business proposals and loan submissions to banks in 2008. The project resulted in loans being granted to 21 businesses in the Solomon Islands. One of the recipients was Island Beekeeping Supplies which received a SBD$200,000 (approximately AUD$50,000) loan from ANZ Bank. |
SURF SOLOMONS
A unique surf tourism business in the Solomon Islands is paving the way for a sustainable business model that promises to deliver tourist dollars and broader investment into the region. Surf Solomons offers community-based surf camps and holidays off the usual tourist path combined with the opportunity to visit remote village communities, stay with local families and experience traditional tribal life. “We view these types of cultural exchanges as a critical part of the development process,” says Director of Surf Solomons, Steve Francone. |
LIQUIFIED NATURAL GAS, PNG
In 2008, the Government of Papua New Guinea (PNG) signed a joint operating agreement with an ExxonMobil-led consortium to implement the largest investment project undertaken to date in the Pacific Islands, PNG LNG.
The PNG LNG project proposes to develop gas fields in the Southern Highlands and Western Province of PNG and transport the gas via pipeline to a Liquefied Natural Gas (LNG) facility near Port Moresby for shipment to overseas markets. The Project will provide energy for the Asia-Pacific region, jobs and a major boost to the PNG economy with expected earnings expected to more than double the country's GDP and triple export revenues. |
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Pacific Islands Trade & Invest. Developing, growing and promoting businesses across 14 Pacific Island countries. |
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