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(Photo: New
Zealand Labour Party) |
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NEW ZEALAND: New legislation on financial advice
good news for Pacific investors
Parliament will this week debate the latest of
three pieces of legislation started under Labour
aimed at ensuring that mum and dad investors
will receive much better levels of advice from
financial advisors.
Over the past few years, the collapse of many
finance companies has resulted in the loss of
hundreds of millions of dollars of Kiwi
investors' money. Many of these investors were
Pacific families, who paid for financial advice
which was not up to a professional standard.
The Financial Service Providers
(Pre-Implementation Adjustments) Bill aims to
help change that.
"Currently, anyone can call themselves a
financial adviser as no qualifications are
needed, no supervision is required and you don't
have to belong to a professional body, Labour's
spokesperson for Pacific Island Affairs
Luamanuvao Winnie Laban said.
"Labour began amending this in 2008, passing two
laws establishing the new financial advisers'
and service providers' regime, and the latest
legislation, a Government bill, ensures the
regime is workable and effective.
“Advisers will need to be registered by the
Companies Office - part of the Ministry of
Economic Development - and operate under a code
of conduct, and they will also face disclosure
requirements.
"Pacific families in New Zealand who want to
invest some of their savings in investments
other than banks in order to improve their
prospects should at least expect that any advice
they pay for to be professional and considered.
“This legislation is about protecting people by
ensuring they are provided with proper financial
advice.
"Many families including Pacific families want
to get ahead but require good and honest
financial advice to help them understand the
myriad of complex financial investments
available.
“This series of legislation will help weed out
the industry’s cowboys and start to build trust
to ensure that families are not taken advantage
of in the future,” Winnie Laban said.
Photo Caption: Labour's spokesperson for
Pacific Island Affairs Luamanuvao Winnie Laban.
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(Photo:
Samoa Tourism Authority) |
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SAMOA:
Samoa Tourism Authority Updates
Source:
Samoa
Tourism Authority Press Release
Samoa in Shanghai - updates from the team
Samoa makes Pacific Pulse News again
The Samoa Team at the 2010 Expo Shanghai China
has had a lot of help from Pacific Pulse in
helping to promote the great job the team is
doing for Samoa at the Expo to the outside
world.
The Pacific Pulse is the South Pacific Tourism
Organisation (SPTO) Online News Circular. It has
extensively featured the Samoa Team and Booth in
its Expo News.
This week’s Issue gives a brief look at the
members that make up the Private Sector part of
the combined Samoa Team.
Following is the excerpt from Pacific Pulse for
this week:
Taking a Break
Private sector representatives of the popular
Samoa booth Patricia Kolhase and Litia Hudspeth
take a coffee break in front of the Pacific
Pavilion during their shift. Samoa’s honey has
become popular with the visitors to the Pavilion
as well as the coconut soap and oil. The ladies
are monitoring sales at the Pavilion of retail
items from Samoa and advising the business
sector back home of what best to send to China
for sale at the Pacific pavilion.
Meanwhile, back here...
AdPar Avion brings home its message Samoa
Tourism Authority’s new Australian Marketing
Representatives, AdPar Avion has truly brought
home their dedication to boost the Australian
tourism travel to Samoa, by literally…bringing
it home.
AdPar Representatives flew to Samoa this week to
present to the local tourism industry how it
will ‘go all out’ to bring the Australian
Tourist to Samoa’s sandy shores.
With a ‘FaaSAMOA, it’s our way’ approach, AdPar
encourages teamwork with the local industry to
achieve the strategies it will put in place.
AdPar’s Michael Riddington puts it simply.
“We are going to make people want to come (to
Samoa) because it stands for something more.”
Their strategic direction is also simple; “It’s
a dual strategy, we’ve got to know where we’re
going and how to get there; and, to do that, we
have got to sell things and get people here.”
Awareness is key and AdPar believes that the
more that people are aware of the destination
and its key features, the more those people will
make informed decisions to visit Samoa.
With the combined ability to offer expert advice
on destination representation, pitch competitive
sales and marketing, inform media and maintain
good public relations, provide research and
creative development, AdPar is confident it will
be able to reach if not exceed its self set
target in increasing Australia’s outbound
tourism to Samoa.
AdPar Avion was represented at the Industry
meeting by Michael Riddington (Trade
&Marketing), Adele Leathan (Trade & Marketing)
and Peter Sereno (PR/Media/Events & Meetings).
Photo Caption: STA’s newest Team Members
from L-R, Michael Riddington, Peter Sereno &
Adele Leathan. The individuals are part of AdPar
Avion, STA’s Australian Marketing Reps, seen
here at the conclusion of their presentation to
the local Tourism Industry earlier this week.
The Presentation which took place at the Hotel
Millennia was well attended and well received by
the local Industry.
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(Photo:
ABC News) |
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AMERICAN SAMOA: Avalisa Poialii appointed to US
Air Force Academy Pep School
Source:
Office of Congressman Faleomavaega Press Release
Congressman Faleomavaega announced recently that
Miss Avalisa Poialii has been accepted to attend
the United States Air Force Academy Preparatory
School at Colorado Springs, Colorado for the
2010-2011 school year.
The United States Air Force Academy Preparatory
School is designed to academically, physically
and militarily prepare qualified young men and
women to enter the prestigious United States Air
Force Academy, also in Colorado Springs.
“I am very proud of Avalisa and her
determination to attain higher education. Her
willingness to serve and defend our country is
commendable and I am pleased she has been
accepted to the Prep School,” Faleomavaega said.
“Acceptance to the Prep School is highly
competitive and provides an excellent
opportunity for cadets to increase their chances
for a direct appointment to the Academy which is
valued at over $500,000.”
Avalisa Poialii is the daughter of High Chief
and Mrs. Gaoteote Taputonu and Manu’atele Peau
Gaoteote of Vatia village. She is a recent
graduate of Samoana High School and an avid
athlete and scholar. For four consecutive years
she has represented her school in the National
History Day, Speech Festival, Math Competition
and the Cadet Challenge Champions of 2010. She
played basketball, volleyball and soccer for
Samoana. She also attended the Michigan Math and
Science Scholars Summer Program 2009-2010.
Additionally, she was a member of the History
and Math Clubs during her junior and senior
years.
“I humbly thank Congressman Faleomavaega for
nominating me to the Academy,” Avalisa said.
“I also wish to thank my Air Force Liason
Officer, Lt Col Mila Lietzke, for not losing
faith in me, even when I already did. It feels
great to be able to follow my dreams and it's
now starting.”
Avalisa attributes her successful appointment to
the Prep School to her family’s enduring
support. “Without my mother, Seepa Poialii, I
literally wouldn't be living in this world and I
want to thank her for lending me a helping
hand.” Avalisa said.
“I was raised by my grandparents, Gaoteote
Taputonu and Manu’atele, and my aunt, Pulemau
Fa’amita. It is to these three people that I owe
everything,” she continued.
“I also want to acknowledge my two older
sisters, Tammie and Hope Poialii, for their
guidance during the application process. I will
be nothing without them. They not only helped
perfect my skills in mathematics but they also
taught me life lessons. I am grateful to be the
youngest and having great role models as
sisters.”
“Again, I congratulate Avalisa on her successful
graduation from high school and especially her
appointment to the Air Force Academy Prep
School. I also congratulate her grandparents,
Afioga Gaoteote and Manu’atele, and other family
members who have provided her the love, support
and guidance she needed. I wish Avalisa the very
best in all her future endeavors,” the
Congressman concluded.
Photo Caption: Congressman Faleomavaega
says he is proud of Avalisa and pleased she has
been accepted to the United States Air Force
Academy Preparatory School.
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FIJI: PIPSO needs support to exploit
opportunities
Source:
Pacific Islands Forum Secretariat Press Release
Smart business management and decision-making by
the private sector, and regional cooperative
actions are some of the ways that could assist
the private sector in the Pacific region exploit
the global economic recovery opportunities.
Secretary General of the Pacific Islands Forum
Secretariat Tuiloma Neroni Slade made the
comments when he opened the Pacific Islands
Private Sector Organisation (PIPSO) Regional
Workshop in Nadi, Fiji on 23rd June.
The three-day workshop with the theme
“Strengthening Pacific Islands Private Sector to
meet Global Recovery Opportunities” is organized
through the assistance of the European Union
under the Pacific Regional Economic Integration
Programme (PACREIP).
In his opening address, Mr Slade said there are
a number of ways that the region can support its
private sector to exploit global opportunities.
“Firstly, smart business management and
decision-making by the private sector itself
would be essential. Secondly, given the
influence of Governments on private sector
performance, most of the actions that are needed
to be implemented would have to be led or
facilitated by Governments. Thirdly, regional
cooperative actions aiming to aggregate or
develop markets for export and business
opportunities, and to address issues of scale
due to smallness and isolation, would be
essential, indeed, are inevitable. “
Mr Slade also highlighted the high cost of doing
business in the region.
“This is an area that needs our collective
effort. I would note that our Governments are
working with development partners to address
this concern. Some countries are already
achieving good results. However, much more needs
to be done to ensure the cost of doing business
in the Pacific are substantially reduced in
order to grow the private sector.”
Secretary General Slade also spoke of involving
the private sector either through PIPSO or some
other mechanism in consultations on initiatives
for regional cooperation.
“Important regional trade developments are
happening now in the region with potential to
improve market access for exports. The
PACER-Plus discussions, PICTA trade in services
and the negotiations of Economic Partnership
Agreements are examples which require meaningful
consultations with the private sector to ensure
the needs of the private sector are sufficiently
addressed. Under the Cairns Compact on
Strengthening Development Coordination in the
Pacific mandated by Forum Leaders last year,
there is an expressed interest by Forum Leaders
to consult and dialogue with the private sector,
and a process is currently being considered to
facilitate this.”
Mr Slade commended the work of PIPSO since it
was established in 2005 and reaffirmed the
support of the Forum Secretariat to ensure that
its operations continue and grow.
He called on support from the governments,
national private sector organizations and
development partners for the work of PIPSO.
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NIUE: Niue’s new tourism manager hopes to
promote island more aggressively
Source:
Radio New Zealand International
Tourism authorities in Niue plan to market the
island as a tourism destination more
aggressively, in a bid to increase visitors and
boost dollars.
Its new senior tourism development manager,
Hayden Porter, says the next six months will see
the Niue Tourism Authority trying to get more
New Zealanders and Australians aware of Niue.
Mr Porter says 25 yachts have just this week
arrived in Alofi because of a glowing report on
a blog site.
He says that shows there’s huge potential to
market Niue more robustly over a period of time.
“This isn’t a short term burst of activity. Its
very much a long-term strategic approach having
to be taken because the marketing of the country
in the past has been very passive. It’s now
being acknowledged by both Niue and the New
Zealand government that needs to change to drive
tourism forward, in terms of stimulating the
economy.”
Hayden Porter says Air New Zealand is to start
using a bigger aircraft from December and that
Niue is looking at an interisland service.
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(Photo: Vanuatu Daily Post) |
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VANUATU:
Outstanding Vanuatu booth at World Expo receives
generous offer
Source:
Vanuatu Daily Post
Vanuatu remains one of the best in the Pacific
Pavilion with over one million two hundred
thousand visitors already visiting the Vanuatu
booth so far.
A visitor to the Vanuatu Booth at the World Expo
2010 in Shanghai has made an offer to buy the
whole of the Vanuatu booth including all
exhibits at the booth for any nominated fee by
Vanuatu.
Vanuatu’s World Expo Commissioner General Sowany
Joseph told Daily Post that a lady has made an
open offer for an outright purchase of all the
exhibits including the booth itself for any
amount of money offered.
“She has approached our representatives at the
Shanghai World Expo wanting to buy the booth
with its entire contents. We told her that the
Expo will remain until October and may consider
her offer, however, this will be up to the Expo
Committee and all Vanuatu participants to decide
on,” said Mr Joseph.
Asked what the value of the exhibits and the
booth itself is, Joseph said: “We are looking
here at somewhere around Vt10 Million and above
bearing in mind of course that we appear to be
the best amongst all other Pacific Island
countries showcasing at the Expo 2010.
“On the other hand we feel that we must bring
back our entire booth with its entire contents
and re-set up somewhere here in Port Vila as a
tourist attraction,” Joseph said.
Deputy Leader of the Opposition Ham Lini has
received a warm welcome with his delegation by
the Vanuatu World Expo Booth in Shanghai.
Commenting on Vanuatu Exhibitory, Lini said: “I
am proud of the way our country’s booth has been
organised because it reflects a great sense of
the Vanuatu community,” he said.
He also said: “Although I am now in the
Opposition, I will continue to encourage tourism
as one of the mainstays of the economy,” he
said, following his visit to the Vanuatu booth.
Joseph said: “ This is the most outstanding
booth Vanuatu has displayed in any World Expo
and there is every reason for the people Vanuatu
to be proud of everyone who has been involved in
putting the whole Vanuatu booth together.
Photo Caption: Vanuatu
Ambassador to China Willie Jimmy flanked by the
Vanuatu troop posted at the start of the Expo
2010 in Shanghai. The background shows the
eye-catching Vanuatu booth.
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