Economy Archive June 2011

The National Provident Fund (NPF) has announced an 8.75 % interest payout to its members.

The Solomon Islands Government (SIG) has reaffirmed its commitment to the Enhanced Consultative Mechanism (ECM) on the Regional Assistance Mission to Solomon Islands (RAMSI).

Australian support for school programs in Solomon Islands is helping ensure more young people have access to quality education and skills training.

Solomon Islands are among some of the Pacific countries that are unlikely to achieve Millennium Development Goals (MDG) four and five by 2015.

Solomon Islands have closed its waters from all purse seine fishing following a Cabinet decision recently.

The Prime Minister's wife, Madame Margaret Philip is leading a series of fundraising drives with other Parliamentarians' wives to raise funds to assist rural clinics with maternal equipment.

Plans for the next few days of flights to and from Brisbane will be affected whilst the Solomon Islands Airlines seeks alternative aircraft to service its prime Australian services.

Mr. Paul Coffey has been appointed as the new Acting City Clerk to the Honiara City Council.

Finance Minister Gordon Darcy Lilo has acknowledged that the past year or so has been a turning point for key governance provision of the State Owned Enterprises (SOE) Act.

The Solomon Islands Prime Minister, Hon. Danny Philip has pledged support Kolombangara landowner's conservation initiative.

A Professor from the University of the South Pacific, School of Economics, warns that Solomon Islands could be harmed by the 5% appreciation if not handled properly.

If the Solomon Islands urbanization reaches 50 percent by 2050, at least half-a-million people will be residing in Honiara.

First importation of cattle will eventuate in September, according to the Minister of Agriculture and Livestock Development (MALD), Connelly Sandakabatu.

Corruption in the country is extremely rife in the country but there is no independent body to directly deal with the issue.

The Solomon Islands Prime Minister Danny Philip announces that his government is a step closer to resolving the 8 year old Russell Islands Plantation Estate Limited which was forcefully shut down as a result of a dispute in 2004.

Asia Pacific Breweries Limited (APB) announces the completion of the acquisition of 97.69% of the capital shares of the Solomon Island Breweries Limited for approximately $21.5 million.

The New Zealand government is surprised that Solomon Islands economy appreciates at a time when most of the pacific region are struggling to get back on their feet economically.

Solomon Islands Minister of Culture and Tourism Hon. Samuel Manetoali has expressed confidence and satisfaction with preparations toward the 11th Festival of Pacific Arts next year.

The National Government has allocated a total of SB$39.5 million this year for preparations toward hosting the 11th Festival of Pacific Arts in Solomon Islands in July next year.

Officials are heading to Marovo lagoon in the Western Province of the Solomon Islands to investigate why schools of fish are dying.

A man has been sentenced to eight years imprisonment for serious assaults on his wife.

Munda Police in the Western Province have arrested and detained a Cessna air craft early this morning after a tip off from Honiara Immigration.

The New Zealand foreign minister, Murray McCully, has begun his tour of Melanesia starting with Vanuatu and then to be followed by Solomon Islands.

One of Sydney's famous harbour ferries will soon be sailing from its home port to the Solomon Islands.

The Minister of Finance and Treasury announced a five percent appreciation of the Solomon Islands dollar.

A landowner of Stirling Islands, Ronnie Kidoe, says he had written to the government offering Mono Island as a possible location for the government's planned regional military base.

Opposition leader, Dr Derek Sikua, has condemned the Government for disrespecting the International Tender Board's decision to award Sumitomo Company of Japan the license to carry out nickel prospecting on San Jorge Island in Isabel Province.

The High Court has reserved judgment on a strike out application by West Honiara MP Namson Tran against his election petition.

The Solomon Islands Electricity Authority (SIEA) says customers will continue to experience power outages until it can get its spare parts from one of its major overseas supplier.

The 2010 Millennium Development Goals (MDG) Progress Report has been officially launched.

Landowning groups in Russell Islands are calling on the national government to halt further negotiations and payment intended for indigenous Russell Islanders until landowning groups settle their differences and change their current leadership.

The Minister for Finance and Treasury, Hon Gordon Darcy Lilo has welcomed a European Investment Bank (EIB) debt write-off in respect of the Development Bank of Solomon Islands (DBSI) outstanding debts to the EIB.

The Republic of China (ROC) has praised the Solomon Islands NCRA Government's reform initiative to channel ROC's constituency support through the Ministry of Rural Development and Indigenous Affairs rather than through the 50 Members of Parliament.

The Republic of China (Taiwan) Ambassador to Solomon Islands H.E. Roy Wu has formally released the first payment of SB$13.8 million for the 2011 Funding Support to Solomon Islands.

The Solomon Islands Minister of National Planning and Aid Coordination, Hon Snyder Rini is in Brussels this week for the 93rd Session of the ACP Council of Ministers and the 36th Session of the African, Caribbean and Pacific (ACP) Council of Ministers.

Solomon Islands Tourism Operators in the Western Province have urged the Government to think seriously about upgrading Munda Airport into International Standards to boost their visitor arrivals.

The Solomon Islands Minister of Tourism and Culture, Hon. Samuel Manetoali expressed satisfaction with his three days official visit to parts of Western Province including the capital Gizo.