Oceania Real Estate News
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Oceania Real Estate News |
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Desperate for democracy February
The search for true democracy in Fiji has been long and arduous. Many have lamented the violent death of the 1970 Constitution at the hands of Rabuka's hitmen. There have been unending discussions of "if only" that constitution had been allowed to deliver.
Parties attempt to derail charter
THE Citizens Constitutional Forum has accused two political parties of attempting to derail the proposed People's Charter for Change, Peace and Progress.
Bordallo: Enhance partnership
Guam Delegate Madeleine Bordallo emphasized in her third annual report to the island last night that Guam should secure a commitment from the federal government to ensure funding for the military buildup, even after President Bush completes his term.
Judge orders real estate sold
U.S. District Court of Guam Chief Judge Frances Tydingco-Gatewood has ordered the sale of real estate assets owned by Romy Miclat, owner of defunct payroll processing company Information and Data Services.
UMDA to continue JAL legacy
United Micronesia Development Association, Inc. said it wants to continue the legacy of Japan Airlines in the Commonwealth as it finally took ownership of Hotel Nikko Saipan, Inc. during the close of transaction yesterday at the Marina Heights Business Park in Puerto Rico. Although terms of the sale were not disclosed, 1,920 shares of Hotel Nikko were seen transferred to UMDA.
Bank keeps doors open January
While the wrath of Cyclone Gene shut down financial services and banks across Fiji on Tuesday, four branches of the Colonial National Bank opened for business, offering limited services.
Temaru Govt Resigns, But He Will Form New Govt
French Polynesia's pro-independence President Oscar Temaru today announced the mass resignation of his government, a move he said was a gesture of "solidarity" with one of his ministers who was found guilty of abuse of power.
Torres to reintroduce Marianas political status bill
REPRESENTATIVE Stanley T. Torres yesterday said he will re-introduce his bill that calls for the creation of the Second Marianas Political Status Commission, But the bill will likely reduce the proposed funding for the commission from $200,000 to $100,000, said Torres, R-Saipan.
New houses down as rate rises bite
New house building consents have fallen to their lowest level in six years as the heat goes out of the residential construction sector. Council authorisations were given to build 25,544 new houses last year, the lowest number since 2002 and nearly 6000 houses down on the peak of 2004.
Crucial Bills Before Palau Congress Before Session End
Palau’s Senate is due to go into recess this Friday, but must consider two bills before then that President Tommy Remengesau Jr. has called “urgent.”
BoB to invest $20 mn in NZ subsidiary
Bank of Baroda (BoB) will establish a wholly owned subsidiary in New Zealand to expand its footprint in the Asia-Pacific region. Initially, the public sector bank plans to pump close to $20 million (25 million NZD) in the new entity.
Voting Underway In French Polynesia's Snap Poll
Voting has started on Monday (Sunday Tahiti time, GMT-10) throughout French Polynesia, where some 175,000 voters have been called to renew their 57-seat local legislative assembly as part of snap elections that were called by the French government in order to "stabilize" the French Pacific territory's turbulent political life.
PNG government tells Telikom to improve performance
The Papua New Guinea Government has told its own telecommunication company Telikom that it needs to improve its management and operational practices.
Palau Bank Chairman Facing Likely Legal Action
The Japanese founder of a bank in Palau, which lost its license to operate in 2005, may face legal action by Japan-based investors who say Toshio Masuda has failed to pay out on investments that matured more than a year ago, The Daily Yomiuri reports.
Solomon Islands Government Makes Political Appointments
The coalition government of Dr Derek Sikua has appointed nine political appointees to serve in the Prime Minister’s Political Office. The Cabinet Office made the appointments January 18 on the advice of the Prime Minister through the Public Service Commission.
Guam urged to avail of USDA's guaranteed loan January
GUAM-The outlook for Guam's economy in 2008 is brighter than it has been in a number of years. The primary reason for this is clearly the impending military buildup on the island, which is a part of a global redistribution of U.S. forces throughout the world.
Tonga government approves revised tax regulations
Tonga’s Cabinet has passed new regulations for the new Income Tax Act. New customs and excise duty rates and regulations have also been introduced.
New Zealand's Residential Property Prices Fall In December
The national median sales price in the New Zealand's residential property market stood at NZ$345,000 in December, down nearly 2% from NZ$352,000 registered in November, the Real Estate Institute of New Zealand, or REINZ, said Wednesday.
Cook Islands government to appoint new foreign affairs secretary
The Cook Islands foreign minister, Wilkie Rasmussen, says the successful applicant for the foreign secretary position will need wide knowledge on immigration. There are five applicants for the position to which an appointment will be made tomorrow.
New Caledonia Govt Appeals For Calm
The government of New Caledonia has appealed for calm after one young man was killed as a result of another episode of an ongoing land-related feud between rival clans reports Oceania Flash.
PNG government vows to look after Papua refugees
Papua New Guinea says it will not deport a group of refugees from the Indonesian province of Papua, but will look after them. Our reporter in Port Moresby, Firmin Nanol, reports that PNG's Acting Prime Minister says the government has found land in the capital and will help them resettle.
Tonga’s PSA suing Government and PM
Tonga’s Public Service Association is suing the Government and Prime Minster for the unlawful dismissal and ill treatment of a public servant.
Nauru centre closure to hit economy
NAURU has warned that the Rudd Government's plan to scrap its immigration detention centre could slash the nation's earnings by 20 per cent, leaving its economy on the verge of collapse.
New Caledonia's President Vows Fairer Wealth Distribution
New Caledonia's President Harold Martin has vowed to take advantage of the French Pacific territory's "exceptional" growth to apply a fairer wealth distribution. Martin, addressing the local Congress on the occasion of his speech of general policy, also suggested a scheduled referendum on independence, in 2018, might not be necessary.
Opposition Takes Control Of Marshall Islands Government
After an eight year absence, the Aelon Kein Ad (Our Islands) party is back in power in the Marshall Islands, with the election of former Speaker Litokwa Tomeing as President on Monday afternoon in Majuro.
Marshall Islands election decision overturned
A previously announced four-vote victory by a key opposition candidate in the Marshall Islands election has been overturned in a recount. The recount, which ended early Saturday morning, gives the incumbent cabinet ministers a six-vote win, and increases the likelihood that the governing United Democratic Party will return for a third term.
A leader who is wary of politics January
Natwarlal Vagh is the longest serving member of not only the Lautoka Chamber of Commerce but the Fiji Chamber Commerce as well. Mr Vagh has been a member for more than three decades, during which he has held the top position of both chambers
Australian Property Stocks Decline on Centro January
Australian property trusts slid the most in almost three weeks on the country's stock exchange as investors shunned the shares because of concern that access to credit may suffer as retail spending in the U.S. wanes.
Business loans tougher to get in American Samoa
Banks in American Samoa are said to be becoming more cautious over business loans. The Chamber of Commerce president, David Robinson, says most of its members in the retail area are complaining about rising fuel prices affecting imported commodities.
Christmas Island Style presents awards
As far as Christmas Island Style goes, it was a hat trick great weather for the boat parade, great weather for the street parade and again it was a perfect night for the second annual awards ceremony Tuesday night at Marco Community Bank
NSW bottom of the real estate table
The NSW residential property market lagged behind the other states in terms of the number of properties sold and average days before sale, according to a national survey of over 300 real estate agents by Macquarie Relationship Banking.
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