South Pacific

Hopes for a Pacific travel bubble fading

The region's economies are reeling from the loss of tourism - which makes up a majority of their income - because of the Covid-19 pandemic.

Chris Cocker said Pacific governments have been hoping for a travel bubble to help recoup some of the losses, but these hopes are fading.

"Because of the second wave hitting globally etc, and also the delays that we have seen with the Trans-Tasman bubble, realistically, and in the best case scenario, in the first quarter in 2021 in this area."

South Island likely to be hardest hit in Covid-19 recession - Westpac report

Westpac Bank's regional roundup says all areas of New Zealand are facing a rough recession over the rest of the year as a result of the Covid-19 pandemic, but those that rely most on international tourism, such as Otago, are likely to be particularly hard hit.

Construction activity was expected to continue to slow, while house prices were expected to fall in all parts of the country.

Wellington had the brightest outlook, supported by an increase in government spending on services.

India to host meeting of 14 Pacific island nations

On August 21, India will host the heads of 14 island nations at the Forum for India-Pacific Islands Cooperation (FIPIC), in what is seen as a first step towards greater engagement with the region, which is important from an economic and geostrategic standpoint.