Pacific businesses

New Caledonian businesses set for faster recovery than other Pacific Island countries

PTI New Zealand Trade Commissioner Glynis Miller said the recent release of the New Caledonia focussed report found that while the pandemic had impacted New Caledonia, the proportion of businesses in New Caledonia that were fully operational at the end of 2020 was significantly higher with 94% compared to 34% for the rest of the Pacific.

Miller commented that the heavy reliance of other Pacific nations on tourism compared with New Caledonia could account for this fact.

Grants on offer for Pacific businesses to rebuild

Border closures and a loss of trade routes has left many countries struggling, with a recent survey finding just under 50 percent of small to medium businesses in the Pacific have closed or expect to close.

The funding will go towards a service run by Business Link Pacific, which will offer concessionary loans and adaptation grants.

Its chief executive, Steve Knapp, said they'll be sent out in two phases, starting with the grants.

Uncertainty the key challenge facing Pacific businesses

The results have been published in the fourth  PTI Pacific Business Monitor Report.  The PTI Pacific Business Monitor is a regular survey that tracks the sentiment of businesses from across the Pacific region.

91% of Pacific Businesses affected by COVID-19

Fiji has been particularly hard hit by the crisis (93% reported a significant decline in sales/revenue).

Push to unite Pacific businesses in New Zealand

In September they will launch the Tonga Business Network with a goal to establish other Pacific business networks as well.

Their work follows an economic strategy put in place by the New Zealand government to grow Pacific businesses.

The Pacific economic strategy 6 year plan launched in 2015 aims to see more sustainable Pacific-owned businesses in the country and increase their access to mentors and business networks.

SBN's Co-founder Laura Keil-Hall said the goal is to create a wider Pacific Business Network within New Zealand.

Pacific businesses from the region showcase products to NZ

The aim is to help Pacific exporters promote their products to the New Zealand market.

Pacific Trade Invest New Zealand Trade Development Manager, Joe Fuavao, said around 40 companies from eleven Pacific countries will be taking part.

Mr Fuavao said the main object for the companies at the festival is to test their products to New Zealand consumers and gauge an immediate response.

Thirty exporters to feature at Pasifika

Pacific Trade Invest (PTI) NZ is working in association with Auckland Tourism, Events and Economic Development (ATEED), an organisation of the Auckland Council, to create the Pacific Hub that will host exporting companies from Fiji, Papua New Guinea, the Solomon Islands, Vanuatu, Samoa, Tonga, the Cook Islands, the Federated States of Micronesia and Palau.

Though PTI has hosted Pacific companies at Pasifika since 2016, stalls of PTI-hosted companies tended to be scattered across the ‘villages’ throughout the sprawling Western Springs property.

Pacific businesses invited to leverage off Commonwealth Games

The idea amongst others was raised at the Trade 2018 GC2018 briefing held by representatives from the Office of the Commonwealth Games, Queensland Government, Lisa Ward and Yasmahne Hanel for invited guests at the Pullman Hotel in Auckland last week.

Pacific food companies score big deals at Auckland food show

PTI NZ hosted nine Pacific Island companies from five countries in a special Pacific-themed stand at the Auckland Food Show called the ‘Pacific Hub’, which was visited by thousands of consumers, retailers and distributors throughout the four-day event, sampling, negotiating and ordering product.

Pacific businesses keen for PACER Plus to come into effect

Growing the export potential for Pacific businesses was a key issue for the Private Sector Dialogue at last week's leaders forum in Apia.