ONE of the basis of developing the revitalised Development Bank of Solomon Islands’ (DBS) strategic plan is that the mistakes of the past will not be repeated. Minister for Finance and Treasury Harry Kuma confidently stated it boldly on the floor of the parliament when he wind up ‘The 2020 Supplementary Appropriation Bill 2020’ debate…
The Soltuna Company Limited (LTD) and Western Provincial Government (WPG) through its business arm have signed a renewed tenancy agreement formalising the forty-six properties which the fishing company had rented on behalf of its employees working in the tuna industry there in Noro. The newly signed lease which was done on 14th August has been…
THE Minister of Finance and Treasury, Hon Harry Kuma has approved tax refunds for airtime credits (mobile top-ups) used as youSave deposits. Formal announcements was made by the Ministry of Finance and Treasury (MOFT) Solomon Islands National Provident Fund (SINPF) and the Central Bank of Solomon Islands in a joint press conference today, 21st of…
THE Kubonitu Holdings, a local kava buyer is looking forward to export its first Kava consignment in the coming weeks to United States of America (USA). The news of the exportation was confirmed to this paper by Manager of the company, Duddley Longamei, Thursday. Mr Longamei said that currently they are busy bagging their powered…
THE country’s economy has been hit hard by the negative impact of the COVID-19 pandemic since the outbreak past seven months ago. This will result in a negative (-) 4.1 percent economic growth by the end of this year. This was highlighted by the Minister of Finance and Treasury Harry Kuma during the second recording…
IRD concerned with businesses remitting money overseas THE country’s Inland Revenue Division (IRD) is concerned with the continuous practice of remitting money overseas by some businesses which causes a huge impact on Government revenue. IRD Commissioner, Mr. Joseph Dokekana revealed this at an Information Session hosted by the Solomon Islands Chamber of Commerce and Industry…
LOGGING is still one of the country’s key export commodities but its contribution is expected to decline soon as log exports move to more sustainable levels. Minister of Finance and Treasury Harry Kuma made this statement when speaking in parliament on Tuesday. Mr. Kuma said logging activities were severely affected by COVID-19 trade disruption in…
The Solomon Islands Chamber of Commerce and Industry (SICCI) reminds leaders and the general public on the hardships that businesses and industries are facing at this time of State of Public Emergency (SOPE). The National Parliament on Wednesday this week voted to extend the SOPE for another four (4) months as of the 25th of…
Honiara City Council (HCC) has been urged to be disciplined with its revenue expenditure and how it delivers its services to the city. This was expressed by members of the Solomon Islands Chamber of Commerce and Industry (SICCI) during an information session with HCC hosted by SICCI on Friday 17 July in Honiara, a statement…
RECENTLY established government’s Covid-19 Economic Stimulus Package (ESP) has brought much hope to rural farmers and fishers in the Russell Islands in the Central Islands Province. This followed an awareness programme hosted at Louna Island on Sunday, a statement from Government Communication Unit said. Officials from the ESP awareness team headed by Member of Parliament…