Pacific business prosperity on the horizon

PACIFIC BUSINESS TRUST
Media Release

Pacific business prosperity on the horizon

April 1, 2016

In a move aimed at building Pacific business growth, social enterprise and jobs, the Pacific Business Trust (PBT) has announced a new direction and focus.

This will involve making the best use of its resources to generate sustainable Pacific businesses and enterprises with positive revenues, increasing profitability as well as growing community assets.

Chairman of PBT Fa'amatuainu Tino Pereira says evidence shows Pacific businesses hire Pacific staff, and by growing the Pacific business pie, more Pacific jobs will be created, contributing to improved living standards and wellbeing.

“That is why we need to reorganise PBT, so it can be in an influential position to build the Pacific economic platform with our partners in the commercial, social enterprise, philanthropic and government sectors." Fa'amatuainu adds. The reorganisation will develop a skills-mix allowing PBT to deliver on the new direction.

“We have begun a consultation process with our staff on the new way forward and we are also looking at redeploying our fixed assets so we can provide more value and opportunities to delivering on our new focus."

Pacific Business Trust will engage with its key stakeholders including our communities on the drivers of the new move, while establishing a more robust process for keeping in touch with key stakeholders as PBT navigates its new journey.

PBT’s Board expects final decisions on the new direction by mid-April.

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