Caretaker Prime Minister Charlot Salwai Tabimasmas hands over a total of 32,833,334VT to Vanuatu Christian Council (VCC) as part of the other half of the Government grant which was handed over last year.
     
    This other half was based on a report given by VCC detailing the Council's financial spending and operational activities. The Caretaker Prime Minister expressed confidence in the VCC's commitment to transparency and effective use of funds, highlighting the importance of supporting community initiatives and the church's role in promoting social welfare in Vanuatu.
     
    This half of the grant is expected to enhance the council's programs and outreach efforts, contributing to the overall spiritual development of the nation.

    As of Wednesday 18th December, the Recovery Operation Committee has been activated at the Prime Minister's Office.
     
    The Council of Ministers (COM) Decision No. 351 'SOE For Earthquake 17th December 2024` has mandated the National Recovery Committee (NRC) through the Recovery Operation Centre (ROC) to develop a recovery plan following the devastating magnitude 7.4 earthquake that stroked Vanuatu, specifically Efate Island on Tuesday 17th December 2024.
     
    The main purpose of the ROC is to coordinate the development of the Shefa earthquake recovery Plan. The ROC is working closely with the National Disaster Management Officer on information sharing to develop the Shefa earthquake recovery plan.
     
    Any immediate response including life saving activities should be directed to the National
    Emergency Operations Centre (NEOC) located at the National Disaster Management Office, Ministry of Climate Change.

    ICL being the first international submarine cable that connects Vanuatu rest of the world landed in Port Vila in 2013. Later in 2014, it was commissioned and ready for use in March of 2014.
    The ownership of ICL is through shares are as follows:
    - Vanuatu National Provident Fund: 37.5% representing 300 shares
    - Interchange Holdings Ltd: 25% representing 200 Shares
    - Fidelity Pacific Life Insurance Co. Ltd: 12.5% representing 100 shares
    - Vanuatu Post Ltd: 12.5% representing 100 Shares
    - Vanuatu Government: 12.5% representing 100 Shares
     
    With the major reforms in the Telecom Sector, and landing of the submarine cable, it has a positive impact on the GDP of Vanuatu in 2014 and continues on in 2015 where Vanuatu was recognized by the United Nations with the ICTs in Sustainable Development Award for its outstanding leadership and ambitious, effective and
    sustainable initiatives to ensuring full ownership of connectivity.
     
    The handing over of 50% payment for the acquisition of 200 shares of Interchange Holdings Ltd in Interchange Cable Ltd, with the presence of
    • ICL Shareholders:
    • ICL Board and Management:
    • Minister, Director General and Staff of the Ministry of Finance & Economic Management:
    • Director General of Prime Minister's Office
    • ICL Shareholders - Interchange Holdings Ltd (IHL)

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