The country’s Government Statistician Douglas Kimi says timely and accurate statistical information is key for effective national development and policymaking as well as for poverty assessment and monitoring processes. Mr. Kimi highlighted this as he released the country’s rebased Gross Domestic Product (GDP) on Monday 23 March. Mr. Kimi via a statement issued by the…
TWO airlines operating services into Honiara will temporarily suspend their international services into Honiara towards the end of this week. In a statement, agents for the two airlines Guadalcanal Travel Solomons (GTS) said Virgin Australia made its final service from Brisbane to Honiara and return Thursday. Virgin Australia Group made the decision in response to the…
MAKIRA Gold which has been buying sola dried cocoa beans from Makira and Guadalcanal cocoa farmers has opened a chocolate factory in Haberfield in Sydney, Australia. Brian Atkin, who owns Makira Gold says the chocolate factory is run in partnership with chocolate artisan Jessica Pedemont. He says the new chocolate business is called South Pacific…
The Central Bank of Solomon Islands (CBSI) wish to provide the following updates regarding the Corona Virus/COVID 19 impact on the national economy: The Coronavirus will likely have a considerable negative impact on the Solomon Islands economy. The spread and considerable disruption of this epidemic will be exacerbated by the increasingly intertwined trade and investment…
Bill to Parliament The Ministry of Finance and Treasury (MoFT) has successfully secured the Cabinet endorsement of the National Payment System Bill and Tax Administration Bill 2019 to be table to Parliament. This was confirmed by the Minister of Finance and Treasury Harry Kuma. A statement from MoFT said the National Payment System Bill 2019,…
The Minister of Lands, Housing and Survey, William Bradford Marau says the re-opening of DBSI will be good for the Makira Ulawa Province’s rural people wanting to develop their resources. He says resource owners should start thinking about venturing into new down-stream processing and industrial activities, and the use of modern technology in business on…
At its meeting held on March 12th 2020, the Central Bank of Solomon Islands’ (CBSI) Board adopted an expansionary monetary policy stance for the next six months and aims to support growth in the economy, as inflation is expected to remain within its desired level. This decision was taken considering the expected slowdown in global…
All sections of our society, including businesses and employers, must play a role if we are to stop the spread of COVID-19 (coronavirus) in the Solomon Islands, according to the World Health Organization and the Ministry of Health and Medical Services. Solomon Islands must be ready for the first case, the first cluster of cases,…
SOLOMON Water on Monday held a meeting with its stakeholders in Auki, Malaita Province, to update them of the latest in the Auki Water Supply upgrade project. The meeting allows the opportunity for stakeholders to learn more about the upgrade project which includes 1km pipeline replacement. The meeting also permits time for Solomon Water to hear…
SOLOMON Islands tourism sector will be certainly hit hard if the coronavirus (2019-nCov) crisis continues. “It will cause unprecedented damage to tourism businesses,” says Tourism Solomon Islands Chief Executive Officer Josefa Tuamoto. Speaking to this paper, Mr. Tuamoto said for the Solomon Islands the situation is very fluid at the moment. When asked if they…