MANILA, PHILIPPINES (8 July 2026) — The Asian Development Bank (ADB) has lowered its growth forecast for developing Asia and the Pacific economies to 4.9% for 2026 compared to 5.5% growth in 2025. This is a reduction of 0.2 percentage points from April projections. Prolonged disruptions to energy markets caused by the Middle East conflict […]
Tag: Pacific Islands economy
Posted inPacific News
Population loss strains Micronesia, Marshall Islands economies
PONPHEI/MAJURO, 25 MAY 2026 (PACIFIC ISLAND TIMES) — The populations of the Federated States of Micronesia (FSM) and the Marshall Islands have dropped sharply over the past decade as thousands of residents leave for better jobs, education and health care abroad, creating labor shortages and raising concerns about the long-term sustainability of essential services across […]
Posted inTop Stories
Palau Economic Symposium Set for May 25-29, As Leaders Tackle Pension and Social Security Challenges
Consultant studies to guide discussions on sustainability, sacrifices and long-term financial stability in Palau. By: L.N. Reklai KOROR, Palau — President Surangel Whipps Jr. announced that Palau’s Economic Symposium will be held from May 25 to 29 after being delayed while consultants completed studies on the Palau Civil Service Pension Plan and the Palau Social […]
Posted inIn Focus
Deep sea mining is the next geopolitical frontline – and the Pacific is in the crosshairs
By Viliame Kasanawaqa CANBERRA, 22 JANUARY 2026 (THE CONVERSATION) —i When the United States recently escalated its confrontation with Venezuela – carrying out strikes in Caracas and capturing President Nicolás Maduro – the moves were framed as political intervention. But the raid also reflected a deeper contest over oil and critical mineral supply chains. For […]