Thursday, 10 May 2007 9:12 AM

Billions lost annually in tuna industry

The Prime Minister has revealed that the country is loosing an average of two billion dollars annually in the tuna industry .

"We are currently making a lousy $45 Million dollars annually from our tuna industry" Mr Sogavare said. "According to experts we should be making at least $3 Billion dollars annually"

Mr Sogavare revealed that the government is currently making arrangements with the Philippines to bring fishing boats into the country. "We will start with at least five boats and see how it goes" Sogavare said. "If we are satisfied we are intending to bring at least 50 fishing boats into the country"

Mr Sogavare went on to say that all the boats will be operated by Solomon Islanders identified through a strenuous process. "Solomon Islanders will do the fishing; catches will then be sold to the processing plants" Mr Sogavare said.

Letters to the Editor All Letters
By STEVE BANI Vura Heights, East Honiara
By GEOFFREY MAURIASI USP, Lacuala Campus, Fiji
By CHARLES KOULI Gizo, Western Province