CURRENT MONETARY POLICY STANCE

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…

Solomon Water, stakeholders enter dialogue

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…

Coronavirus could affect tourism sector

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…

New airbus in operation

Following the arrival of the Solomon Airlines’ new Airbus A320 at the Honiara International airport over the weekend, the aircraft dubbed ‘Spirit of Solomon’ is now into full service. On Saturday it left Brisbane, Australia at 9am, transiting through Munda in Western Province before heading to Honiara. Upon its arrival in Munda, reports reaching the…

SICCI hails PM Sogavare

THE Solomon Islands Chamber of Commerce Industries (SICCI) has thanked Prime Minister Manasseh Sogavare for the Government’s commitment towards partnership with the private sector. Speaking during a courtesy visit to Prime Minister Friday last week, SICCI chairman Jeremy Bartlett said the partnership between the private sector and the Government has grown from strength to strength…

Lauru shipping report handed to province

CHOISEUL Provincial executive has received a report on Lauru Shipping Limited’s viability investigative study from the appointed task force on 5th March 2020.  Chairman Nixon Qurusu, Secretary Dagonal Dereveke and Treasurer Sam Keqa of Choiseul Provincial Government Taskforce into Lauru Shipping Limited made a short presentation on the findings.  The report was finally handed to…