Express Pelican II has resumed its shipping service to the Malaita provincial capital of Auki this week after obtaining its business license from Malaita province. A delegation from Express Pelican visited Malaita provincial secretary Fredrick Fa’abasua yesterday during its first trip to Auki. The delegation collected Express Pelican shipping license from Malaita province during the…
The Solomon Island Chamber of Commerce and Industry (SICCI) congratulates Dr Luke Forau on his appointment as the Governor of the Central Bank of Solomon Islands (CBSI). SICCI Chairman Jay Bartlett, on behalf of the Solomon Islands private sector, congratulated Dr Luke Forau and assured the Chamber’s continuous support towards the important work of the…
MEMBERS of the Solomon Islands National Provident Fund (SINPF) will soon have access to loan and other credit scheme. This follows the granting of an interim license to Solomon Finance Limited (SFL) to operate banking service in the country. SFL is a subsidiary of SINPF, a statement from SINPF said. “The Central Bank of Solomon…
THE Central Bank of Solomon Islands (CBSI) has warned the public that cryptocurrencies (i.e. virtual or digital currencies such as bitcoin, etherium, ripple, and others) are not currencies issued or regulated by the Central Bank. In a statement, Thursday, CBSI said these cryptocurrencies do not have any legal tender status to be accepted as a…
Following the successful launch of the Home Blo Iumi Program in September 2019, the Young Entrepreneurs Council of Solomon Islands (YECSI) has fostered a partnership with Solomon Power in the creation of the ‘Lightbulb Group’ program. A statement from YECSI said Home Blo Iumi is YECSI’s annual program which focuses on promoting entrepreneurship as a…
The country’s national inflation has climbed to 0.7 per cent in July 2019 after a 0.1 per cent movement noted in the month of June. Government Statistician, Douglas Kimi revealed while releasing the national (all groups) consumer price index (NCPI) this week. Mr. Kimi said the NCPI increased to 0.7 per cent in July 2019…
Fisheries Minister Hon Nestor Ghiro who is on his first official visit overseas has had a fruitful discussion with the Overseas Fishery Cooperation Foundation (OFCF) of Japan over the weekend. Honourable Ghiro who led a small delegation comprising the Permanent Secretary Dr Christain Ramofafia, Director Mr Edward Honiwala and the Chief Crown Counsel from the…
LOCAL farmers have been encouraged to start planting kava because of its high demand and financial benefit. Charles Tuti, a local kava farmer from Malaita province said since engaging in kava farming he has financially benefited from the crop. He said kava is a lucrative industry which has the potential to bring huge benefits to…
ANZ on Wednesday announced Martin Beattie as the newly appointed Country Head for its ANZ operation in Solomon Islands. Tessa Price, Regional Executive Pacific said: “Solomon Islands is on the cusp of huge economic change, with a number of major infrastructure projects planned. As the only international bank, it is a great privilege for ANZ to…
The Solomon Islands Chamber of Commerce and Industry (SICCI) is calling on Solomon Power to work together with the Ministry of Mines, Energy and Rural Electrification to approve an immediate reduction in electricity tariffs in the domestic, commercial and industrial segments. This comes after recent private sector consultations with SICCI members revealed that the cost…