Leading resort Iririki sues builder for Vt505 million, alleging breach of contract

Iririki Island resort Port Vila Vanuatu

Iririki Island resort, Port Vila, Vanuatu

Construction company Mocha Limited, trading as Vancorp Construction, is facing court action following allegations of failure to maintain work schedules in repair work for Iririki Island Resort following Cyclone Pam. The resort is claiming over A$6.2 million (Vt 505,500,000). The construction company has Read the rest of this entry »


Telecom Vanuatu Limited sold to company with 35% Fiji Government ownership

An example of a recent TVL promotion

An example of a recent TVL promotion

Amalgamated Telecom Holdings Limited of Fiji has announced its purchase of Telecom Vanuatu Ltd. The deal still needs the approval of the Vanuatu authorities including the Telecommunication Regulator. The agreement for the sale was signed by Mauritius Telecom Ltd and MT International Ventures PCC for the purchase of 100% of TVL. ATH’s two largest shareholders are the Fiji National Provident Fund (58%) and the Fijian Government (35%). ATH owns Fiji’s national telco Telecom Fiji Limited and mobile network Vodafone Fiji, amongst other businesses.

There was good news for Government finances this morning. Read the rest of this entry »


First visit by Indian Minister sees launch of new Vanuatu–India co-operation initiatives

India’s Minister for Power, Coal, New and Renewable Energy and Mines Piyush Goyal and Vanuatu's Minister for Foreign Affairs Bruno Leingkone at today's launch of the Vanuatu India Business Interaction

India’s Minister for Power, Coal, New and Renewable Energy and Mines Piyush Goyal and Vanuatu’s Minister for Foreign Affairs Bruno Leingkone at today’s launch of the Vanuatu India Business Interaction

A new bilateral business initiative between India and Vanuatu, the ‘Vanuatu India Business Interaction’, has been launched by Deputy Prime Minister Joe Natuman and India’s Minister for Power, Coal, New and Renewable Energy and Mines Piyush Goyal. Deputy PM Natuman pointed out the importance of India as a trading and development partner. This is the first state visit by an Indian minister to Vanuatu, and the two countries also signed an MoU for a Read the rest of this entry »


Local businesses discuss economic crisis, tourism, taxation, security with PM

Reopening soon… Iririki Island Resort

Reopening this week: Iririki Island Resort

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