Pacific Business Forum in New Caledonia, VCCI Nominee to private Sector Panel Dialogue and Other Meetings.

PACIFIC BUSINESS FORUM IN NEW CALEDONIA 3 TO 4 AUGUST 2017

The Vanuatu Chamber of Commerce and Industry (VCCI) wishes to remind that The Pacific Business Forum (PBF) Team is invited you to join and attend the Pacific Business Forum Genius which will be held in Noumea, New Caledonia the 3rd and 4th of August 2017 at the SPC (Secretariat Pacific Community).

The members of the Vanuatu Chamber of Commerce including business associations and businesses are invited to join this event.

While the first edition was targeting all sectors of activities, PBF 2017 focuses on New Economies and Development Perspectives linked to the knowledge economy, the blue economy and the digital economy.

This event is a unique opportunity to meet with 350 entrepreneurs from all the Pacific area. For this second edition, the Pacific Business Forum guideline is Genius and will focus on the “NIU economy” or how the digital economy can help Pacific Businesses. The PBF Pacific Genius is a source of inspiration for all the participating companies to go faster, further and stronger. Let’s shake together the coconut tree!

Aware of the need to stimulate economic exchanges between the countries of the South Pacific, the CGPME NC (Small and Medium Businesses organisation in New Caledonia) is at the initiative of the Pacific Business Forum, a B2B event aimed to bring together entrepreneurs from all Pacific countries to strengthen trade relations and economic synergies across the Pacific Ocean area.

Speakers include Mr Idriss Aberkane as keynote speaker. Mr Idriss Aberkane who is a French professor, speaker, essayist and business man, is well known in the academic media for his writings and lectures on the knowledge economy and neurosciences. Other businesses from all the pacific area will talk about their innovative activity which could become a source of inspiration for Pacific businesses, including start-ups. Some models are immediately applicable to our businesses; others will be sources of inspiration for « new business ». 2 New Caledonian businesses Aqualone and BlueCham will speak about their experience of “start-up” and their innovative activity that revolutionizes their sector.   The PBF Genius it’s two days of intensive networking:

  1. Conferences with 1 Keynote speaker,
  2. Don’t miss the keynote speaker and ” 15 minutes” speakers
  3. Several Genius round tables and Business Speed Datings!

The participation at the Pacific Business Forum Genius is free of charge.

You can register on the website: https://pacificbusinessforum.com/en/

Some specific agreements have been negotiated with the 2 hotel partners of the PBF Genius, Ramada Hotel and Château Royal located in Noumea. A specific code will be sent to you once you will be registered in order to benefit from a specific fare as an attendee of the PBF Genius.

For further information follow the PBF on their social network Facebook/PBFGenius2017 and LinkedIn: PacificBusiness Forum

All the Pacific Business Forum Team is available for any further informations and to assist you in the preparation of your participation.

Pacific Business Forum

E-mail : [email protected]

Website : www.pacificbusinessforum.com

Follow PBF on their social networks

Facebook : www.facebook.com/PBFgenius2017

LinkedIn : PacificBusinessForum

VCCI NOMINEE TO PARTICIPATGE TO THE PRIVATE SECTOR PANEL DIALOGUE WITH FORUM LEADERS IN APIA, SAMOA, ON 6 SEPTEMBER 2017

The Vanuatu Chamber of Commerce and Industry (VCCI) wishes to remind, on behalf of the Pacific Islands Forum Secretariat (PIFS), the arrangements for the Private Sector Dialogue with Forum Leaders, during the 48th Pacific Islands Forum in Apia, Samoa, in September 2017.

The Dialogue will take place on Wednesday, 6 September, 2017, the Private Sector Dialogue will be held from 11:00am – 12:30pm.  The Dialogues will take the form of a panel discussions on agreed thematic issues relevant to the Forum theme of “The Blue Pacific – our sea of islands – our security through sustainable development management and conservation”.

This moderated panel session aims to engage Leaders in high-level interactive dialogue with representatives from the private sector. The theme for the Private Sector Panel with Forum Leaders is: “The Blue Pacific- a sea of commerce, challenges and opportunities”, emphasizing the oceans as a conduit for trade and commerce.

The concept note for this event provides narrative and guiding questions on the theme that Forum Leaders and Private Sector representatives will speak on. Members are encouraged to refer to these concept notes in the preparation for this panel session. This event is open to all Forum Members and invited Forum Observers, Development Partners, and Private Sector representatives. The private sector representatives’ participation is fully funded through the PIFS.

“The Blue Pacific – a sea of commerce, challenges and opportunities”

Being the largest ecosystem in the world, covering almost half the global sea surface, the Pacific Ocean is at the centre of global trade and commerce. For the Pacific Island countries, the ‘blue economy’ is 40 times bigger than the region’s land mass. Hence, the sea is a strong economic force providing seaborne trade, commerce and investment opportunities. It is the major source of food, energy, transport linkages as well as being the source of cultural and traditional ties that support the livelihoods of our peoples.

The Pacific Ocean’s economic contribution to the Pacific economies is already significant. The Ocean provides goods and services (tourism and fishing activities) worth more than 10 percent of regional Gross Domestic Product. In addition, the ocean dependent sectors (such as tourism, transport, fisheries) are estimated to be absorbing at least 6 percent of regional employment.

The Blue Pacific harbors tremendous traditional and new commercial opportunities that (will) underpin (s) the Pacific economies prosperity.  A big share of commerce, trade, and investments depend on the sea: for movement of goods and services, transport and logistics; renewable energy; marine resources; and recreational services. The 21st technology revolution is creating a new ocean economy with a range of ecosystem services that will breathe life to a new economic model. Novel technologies are introducing new dimensions of marine resource developments, including seabed mineral resources, bio prospecting, and improved fish production practices.

On the other hand, the Blue Pacific is facing threats, and posing challenges to trade, commerce, and investments for the Pacific Economies. For instance, its vastness isolates Pacific countries from the heart beats of global commerce, which increases the cost of doing of business in the region. Pacific Countries are also vulnerable to ocean induced disasters, including cyclones. The Ocean environment and health is facing significant threats, emanating from human activities. Demographic trends are fuelling demand for additional (and over exploitation) of natural resources, especially for food and energy. Coastal urbanisation is also on the rise and the pollution levels in coastal inlets and in the ocean itself is unprecedented.

To safeguard the ocean, and the commercial opportunities it provides, the challenges and threats the sea faces are drawing attention on all fronts led by our political leaders.  Members of the Panel will discuss both trade and commerce opportunities provided by the Pacific Ocean, as well as the threats facing the Pacific Ocean.

Panellists are encouraged to reflect on the following questions, when presenting their perspectives on the theme:

1. What new opportunities does the Blue Pacific provide to grow commerce and investments in the region? How do you see the role of the private sector in harnessing these opportunities, whilst ensuring conservation and improved management of the Blue Pacific? How should existing businesses transition towards ‘blue’ business practices?

2. What are the opportunities and incentives for innovative business models investing in restoring/promoting Ocean health? What should the governments and communities be offering to encourage better and sustainable business practices?

3. How effective are current policies, laws, regulations and practices in promoting Ocean health, and protecting opportunities the Ocean provides?

If you, a business man or business woman, are interested to attend the Private Sector Dialogue as the VCCI Nominee, you can contact VCCI Reception by email at [email protected] and by phone on 27543 or mobile 7123967 before 9 August 2017.

LARGE COMMERCE COUNCILLOR VACANT POSITION IN VCCI COUNCIL

The Vanuatu Chamber of Commerce (VCCI) is looking for a large commerce business to represent the Large Commerce sector in the VCCI Council, as the Large Commerce Councillor.

If you are interested to submit your candidacy for the Large Commerce Councillor position and wish to receive more information on this vacant position, you can complete and sign a VCCI Councillor Candidacy Form and return it to the VCCI Reception by contacting VCCI Reception by phone 27543, mobile 7123967 or by email at [email protected] before Wednesday 9 August 2017.

FINAL REPORT ON THE CASE FOR REVENUE REFORM AND MODERNISATION

VCCI wishes to advise that the Final Report on the Case for Revenue Reform and Modernisation from the Vanuatu Revenue Review Committee has been released and is now available.

A Council of Ministers decision in 2015 led to re-establishment of Tax Policy Unit (TPU) in Ministry of Finance and Economic Management (MFEM) to provide effective management and leadership on revenue policy and law issues. The Revenue Review Committee (RRC) was established under the leadership of TPU to undertake the review of revenue reforms.

The process of revenue reforms started out with the analysis of current revenue system in Vanuatu and identifying its shortcomings.   In 2016, the Council of Ministers approved in principle the proposed corporate and personal income tax model and requested the Revenue Review Committee to undertake public and nationwide consultations of the recommended reform and subsequently provide a Report to the Council of Ministers detailing the findings.

The various options and their impacts were discussed in all the consultations to arrive at the final recommendations.

The Review has examined the potential impact of the proposed income tax and evaluated its impact with the guiding principles for a good tax system that was set out in Consultation Paper No. 1 – The Case for Revenue Reform and Modernisation.

Alternative revenue options, including those proposed during the nationwide consultations have also been evaluated with the guiding principles.

The analysis on revenue forecasts and estimates of the impact of income tax or other options on the economy is based on the national framework for revenue forecasting and is part of the Model of the Vanuatu Economy (MOVE) that the Reserve Bank of Vanuatu (RBV) is developing in association with the Department of Finance and Treasury (DOFT) and the Vanuatu National Statistics Office (VNSO).

The Final Report on the Case for Revenue Reform and Modernisation is now available for businesses to access from the homepage of the website of the Vanuatu Revenue Review Committee at https://revenuereview.gov.vu/index.php/en/

You can also access it from the VCCI Reception in the electronic format. You can contact VCCI Reception by email at [email protected] and by phone on 27543 or mobile 7123967.

Going for gold – being the best you can be!

A series of short practical articles on transforming our society through business. Businesses, especially very small, small and medium sized businesses are the lifeblood of the Pacific. They provide for our needs, employ our people, energise our communities, help us fulfil our potential and provide a future for our young people.  Businesses have the power to transform our world one step at a time. Business leaders have a responsibility to use that power wisely, ethically and responsibly.

During this short series of articles Chris Elphick looks at the transformational power of business.

Today the focus is on inspirational leadership Much has been written about leadership in business – no leader, no business and of course we all have leadership skills and abilities. However, going for gold requires us to be inspirational leaders – to be the sort of people others want to emulate or be around.

Inspirational leaders have the ability to instil in someone the motivation, enthusiasm and courage to do better things and achieve more.

That means we have to be motivated and enthusiastic ourselves – this seven-point plan might help.

Firstly we need to be positive and optimistic – our glass must always be half full! From optimism comes confidence and the people you leader will learn to be confident and they in turn will help others – your optimism will have as crucial knock-on effect throughout your business, your family, your community and eventually your nation.

Secondly inspirational leaders must be ‘real’ – genuine people.  We must open ourselves up to others and make sure what we say and what we do are totally aligned. You will never inspire anyone unless they believe in you for who you are, not for the words you utter or the status you have.

Thirdly, inspirational leaders need to have ‘edge’ – the ability to assert what we believe. Be prepared to stand out in the crowd, be prepared to take a stand against corruption or abuse, be prepared to voice what we believe in and stay true to those beliefs.

Fourthly we need to be prepared to be vulnerable – to get outside our comfort zone and to put ourselves as leaders on our own learning curve. When we share stories of our mistakes with others then others see us as human and can maybe see themselves in us.  In this way, we can connect and help people find their own inspirational leader within.

Fifthly we need energy and enthusiasm especially when we are around others – this will come across in our words, our body language, our behaviours, our actions.  By being energetic we are able to motivate others and to enthuse them.  As leaders we need to know when we must recharge our own batteries – none of us can keep going forever.  We need to take breaks, spend time with people we are close to, have fun, keep learning and open ourselves up to new experiences!

Sixthly we must have integrity – this means being the same person all the time! A definition of integrity is ‘the state of being whole and undivided’.  People will not trust or follow you if you show more than one face – inspirational leaders must be honest with strong moral principles.

Finally, inspirational leaders must connect with others – they should act like a magnet and attract others to them not so that others will copy us but that they will learn about their own inspirational qualities.  Also when we connect in this way we build strong networks which will help the spread of the transformational power of individual businesses.

A business on its own will transform nothing – it needs to be led by someone who is motivated by the excitement of helping to transform the way they do business, the way they relate to staff and customers, the role they play in their community, their commitment to the environment – just imagine what a difference we could make if every small business saw itself as an instrument not just for profit but for transformation!  Go well!

Coming next – part two of our Going for Gold series – business visions to transform the world! Chris Elphick is Director of Learn.fast Pacific, supporting the development of a range of businesses and organisations in Vanuatu, Fiji, Solomons and other Pacific countries.  He is an experienced business mentor and has years of experience of working with Small & Medium Enterprises.  Learnfast Pacific works in close association with business support organisations throughout the Pacific.

If you have a business issue for Chris to comment on please contact him at [email protected]