24 July 2013

Samoa's new online Companies Registry reaches out to rural business

Participants from the Savai’i training seminar. From left, 
Olaf Weinhold, from a diving company, Dive Savai’i, 
Taalefi li Membrere, Sala Vui Sale, and
Backpacker Hostel co-owner, Tiauamafa Talamaivao. 
PHOTO: courtesy Samoa Observer
CONDUCTING business from remote areas of Samoa is now easier than ever, as business owners from Savai’i recently learned at a special training session on the use of the new electronic Samoa Companies Registry

The entrepreneurs learnt how different uses of the electronic company registry will assist them in running their businesses. They also received advice on how to quickly establish and maintain a company under new laws governing companies in Samoa.

“The new system is much easier to understand,” said Ms Taalefili Membrere, who heads up a 22-year-old business with 42 staff which includes a petrol station, construction and retail in its portfolio. After attending the Companies Act training session, she thinks the new laws will make doing business in Savai’i easier: “It’s very quick, and you don’t even have to leave Savai’i to use it.”

17 July 2013

How PSDI is promoting the Economic Empowerment of Women in the Pacific

ADB Sydney's Sabine Spohn shares gender-related results of the Pacific PSDI, which, together with AusAID and NZAID support, has empowered women through diagnostic work, long-term engagement, and collaboration with communities and women's groups. Sabine present two case studies, company law reform in the Solomon Islands, and the impact of mobile phone banking in Papua New Guinea.

INFOGRAPHIC: How PSDI is enabling Pacific entrepreneurs through Business Law Reform

For developing countries, a dynamic private sector which contributes to inclusive growth can lead to higher employment and incomes, reducing poverty and increasing prosperity. But in many Pacific island states, confusing and outdated laws are holding business back…
* If your browser cannot display the graphic, download the file by clicking here.

8 July 2013

NEWS RELEASE: State-owned enterprise reform key to PNG private sector

Madang, Papua New Guinea (2 July 2013) – SIMPLE reforms to state-owned enterprises (SOEs) in Papua New Guinea (PNG) could lower the cost of doing business and create new opportunities for the country’s private sector, the Asian Development Bank (ADB) told a major business summit taking place today.
Speaking at “SME Summit 2013,” a national event to review Government plans to stimulate and reform the Small to Medium Enterprise (SME) sector, ADB Advisor Chris Russell presented key findings from the ADB’s Finding Balance report, which show the high cost of doing business is constraining economic growth in the country.
“High costs are holding back all businesses, both large and small,” Mr. Russell told the summit. “And one of the drivers of this is the relative inefficiency of PNG’s state-owned enterprises.”
SOEs dominate key sectors such as power, water, ports and aviation, providing services which almost all private businesses use. When these services are provided at high cost, business suffers, especially export-oriented businesses whose competitors operate in countries with lower input costs.

2 July 2013

ADB President Nakao praises AusAID partnership on PSDI

Following his first visit in July to Australia in his new role, Asian Development Bank President, Takehiko Nakao, has posted over at AusAID's Engage blog about PSDI and ADB's strengthening relationship with Australia:
"Through the PSDI, we are working with governments in the Pacific to lay the groundwork for a thriving private sector which, in turn, will drive inclusive growth.
"...I am pleased to see that the PSDI is indeed making a difference in the lives of the poor. One concrete outcome is an innovative mobile phone-linked initiative in Papua New Guinea, which has reduced transaction costs, increased security, and given 10,000 Papua New Guineans first-time access to financial services.
"We at ADB are proud to partner with Australia, New Zealand and the Pacific island countries on this and other important initiatives. Working together, we can help create a better life for people of the Pacific, and the hope of a stable, more prosperous Asia and Pacific region that we all can enjoy."
- Read more at: Engage