Westpac retains Pacific banking businesses

Westpac retains Pacific banking businesses

In a significant development, Westpac has officially concluded its sales process for its Pacific banking businesses and has decided to retain ownership of Westpac Fiji and Westpac Bank PNG Limited. This strategic decision reflects Westpac’s commitment to support...
Energy from the ocean to power the islands

Energy from the ocean to power the islands

A technology now being tested that harnesses seawater to produce electricity could address some of the Pacific Islands’ problems with power outages. Under the Project for Ocean Thermal Energy Conversion (OTEC), a Pan-European consortium of seven companies is...