Economy Archive October 2010

Guadalcanal Seeks to Establish Own Township

Guadalcanal province has revealed its plan to build its new provincial centre and headquarters at Doma, just west of the capital, Honiara.
During the forum in Brisbane, Williams said from 1 April 2011 there would be a full liberalization of the telecoms market.

Solomon Islands to Offer 3rd Mobile License

The Solomon Island's National Telecommunications Commissioner, Nick Williams, has announced the government's intention to offer a third mobile license before the end of 2010.

Solomon Islands and PNG Border Talks End

Senior Officials from the Governments of Solomon Islands and Papua New Guinea have successfully ended the "4th Joint Border Meeting" in Gizo, Western Province yesterday.

Solar Lights up Homes in East Malaita

About 700 households in East Malaita Constituency will soon use solar energy to light up their homes and get away from the burden of finding money to buy kerosene fuel.
Mr Wale says the allegations have the potential to undermine the report and recommendations of the inquiry into land dealings.

Opposition Commends Whistle Blower

Deputy Opposition Leader, Mathew Wale has commended Ruth Townsend for exposing the alleged corruption in the Commission of Inquiry into Land Dealings on Guadalcanal.
Mr Manetoali officially opening a new mini-fisheries center at Lepi village.

RCDF Boost Fisheries in Gao Bugotu

Fishermen in the eastern region of Gao Bugotu constituency in Isabel Province have boosted their fish supplies to the Honiara market following increased assistance from the Rural Constituency Development Fund (RCDF).

Bank Officer Pleads Guilty

A former Bank Officer serving a prison term for false pretence has pleaded guilty to one count of money laundering relating to the same case.
In comparison with Solomon Islands, Samoa was ranked at 62, Vanuatu ranked at 73, Kiribati ranked at 91, Tonga ranked at 101 and Papua New Guinea ranked at 154.

Solomon Islands Ranked 110 on CPI 2010

Transparency International has released the results of the Corruption Perceptions Index (CPI) 2010.

Border Talks Need Implementation Mechanisms: Batana'asia

The Solomon Islands High Commissioner to Papua New Guinea describes the 4th Papua New Guinea - Solomon Islands Joint Border Committee as "useful and necessary for the two countries."
The document also shows that in September, the Minister of Finance granted a total of 162 remissions to various companies, organizations and individuals.

Millions Lost Through Exemptions

Solomon Islands has lost close to SBD$10.5 million dollars in revenue through exemptions and remissions in September this year.

World Bank Board Approves Additional US$3M Financing

The World Bank Group approved an additional funding of US$3 million for the Solomon Islands Rural Development Program (RDP).
Solomon Gold said the proceeds will go towards extensive mapping, sampling, trenching, geophysics and a 9,900 metre drilling programme at Fauro in the Solomon Islands over the next 12 months.

Solomon Gold Raises More Money for Exploration

Solomon Gold (SOLG) has raised £15.1 million through a share placing to fund its Solomon Islands exploration programme, but fears of dilution sent its shares lower.

Transparency International to launch Corruption Perception Index 2010

Transparency International (TI) will launch the 2010 Corruption Perception Index (CPI) 10am today in Berlin. Transparency Solomon Islands (TSI) will be launching the data tomorrow, Wednesday 27 October.
Honorable Manetoali said it is important that political leaders take the government down to the village level.

Gao Bugoto Concludes Historic Constituency Congress

More than 300 Chiefs and Community leaders of Gao Bugotu Constituency in Isabel Province have successfully concluded a historic three days Constituency Congress Wednesday last week at Lepi Village.

We Need Proper Housing: Teachers

The Solomon Islands National Teachers Association, SINTA, has called for more budgetary support for teachers' housing.
Mr Lilo said a careful design of PACER Plus can bring about benefits to all.

PACER Plus Needs to Consider Small Economies: Lilo

Minister of Finance and supervising minister of Foreign Affairs and External Trade, Gordon Darcy Lilo, calls on PACER Plus officials to "consider the differences in levels of development between negotiating partners."

Solomon Islands Improves in Debt Servicing

Solomon Islands have made significant progress in its international debt repayments over the last few years and are continuing this year.
The Joint Border Committee will review the cooperative efforts of the two countries in managing their common border.

Solomon Islands and PNG Engage in Bilateral Talks

Solomon Islands will host the 4th Solomon Islands / Papua New Guinea Joint Border Committee and the 9th Solomon Islands / Papua New Guinea Senior Officials Bilateral Consultation in Gizo next week.

World Bank Report Shows Growth in Solomon Islands

The World Bank's recent review of economies in East Asia and the Pacific Region indicates that Solomon Islands have recorded a strong growth of nearly 7 % on average per annum between 2003 through to 2008.

Guadalcanal Premier Highlights Land Issues

The Premier of Guadalcanal Province, Steven Panga, has told the 4th annual premier's meeting that the control and management of land is a social concern and a challenge to his province.
Under the government's social reforms, the information will be stored in a central data base for appropriate use by the state in various areas.

Government Introduces New Social Profiling Bill

The Danny Philip-led government is working towards the introduction of a new Social Profiling Bill in Solomon Islands.

NSA Dialogue on PACER Plus

The first of an annual Non-State Actors Dialogue on PACER Plus has concluded in Honiara, Solomon Islands today with agreement on the need to more fully engage NSA's in consultations on the proposed trade agreement both at the national and Regional levels.

Provincial Government Minister Cautions Premiers

The Minister for Provincial Government and Institutional Strengthening Bradley Tovosia cautions Provincial Premiers that the communiqué produced by the end of the week must contain issues that are achievable.
Over the years, the Solomon Islands Government and Resource Owners have lost hundreds of millions of dollars in revenue because of poor decisions in determining the value of log exports.

Determined Value of Log Must Reflect Market Value: TSI

The increase in the Determined Value of Log Exports from an average of US$83.00 to an average of US$90.00 is not good enough, says Transparency Solomon Islands (TSI)Executive Officer, Mr. Fox Qwaina.
Special Coordinator greets PM Phillip.

PM Philip Reaffirms Commitment to RAMSI

Prime Minister Danny Philip has reaffirmed the country's commitment to the Regional Assistance Mission to Solomon Islands, RAMSI.

Premiers Head to Isabel for Conference

Eight of the country's Provincial Premiers have arrived in the Isabel Provincial capital, Buala for the annual Premier's conference which officially opens today.
The expert says that for the Solomon Islands, one of the key requirements that must be considered carefully is that of quality, "they have to meet internationally accepted standards."

Solomon Islands Looks to Cassava

Solomon Islands are exploring the possibility of engaging in large scale export of cassava to the Canadian market.

BSP Goes Green

Bank South Pacific, BSP, will be going green today morning right across the South Pacific Region.

Pink Ribbon Begins With a Charity Rugby Match

The First Lady's Charity is once again starting its annual awareness, promotion and fundraising events in aid of Pink Ribbon Day.

Isabel Ready to Host Premiers Conference

Isabel Province says it is ready to host the Premier's Conference in Buala next week.
"Taiwan will play an essential role and provide assistance and support to the new government," Ma said.

Taiwan Expands Lighting Project to Solomons

President Ma Ying-jeou said Tuesday that Taiwan's "Lamp for Africa " solar lighting project will be expanded to benefit rural residents of the Solomon Islands in the South Pacific.

Government Increases Determined Log Prices

The Minister for Finance and Treasury, Hon Gordon Darcy Lilo, has today announced that the government has agreed to increase the determined value of log exports.
Foreign Minister Peter Shanel says Ambassador Collin Beck has managed issues of national interest well and transparently.

Ambassador Beck Will Not be Recalled: Shanel

The government says it has no intentions of recalling the country's Ambassador in New York Collin Beck.

Maelanga Calls for Sensitivity on Guadalcanal Land Issues

Deputy Prime Minister Manasseh Maelanga today calls on people for sensitivity and fairness when commenting on land issues on Guadalcanal.

Westpac (SI) Celebrates a Quarter of Century Serving the Community

Westpac this week celebrates a quarter of a century of serving the Solomon Islands Community with a cocktail function for customers, employees, government officials and visiting new regional General Manager of Westpac Pacific, Greg Pawson.
The Ministry of Rural Development confirmed to TSI that they have received directions to ensure that funds are not deposited into the hands of MPs.

TSI Commends PM for Seeking to Reform RCDF

Transparency Solomon Islands, TSI, commends the Prime Minister of Solomon Islands, Danny Phillip for promising to reform the Rural Constituency Development Fund, RCDF.

RAMSI Head Welcomes PM's comments

The head of the Regional Assistance Mission to Solomon Islands says he appreciates comments made by the Prime Minister Danny Phillip during the launch of his government's policy statement.

Fisheries Minister Thanks Donors

Fisheries and Marine Resources Minister Jimmy Lusibaea has thanked donor partners who helped in building the fisheries sector for Solomon Islanders to enjoy the sustainable use of their resources.
During his visit, Mr Marles and the Minister for Health and Medical Services, Hon. Charles Sigoto MP, jointly opened the new Tamboko Health Clinic.

Australian Parliamentary Secretary Marles Visits Solomon Islands

Australian Parliamentary Secretary for Pacific Island Affairs, the Hon Richard Marles MP, concluded his first visit to Solomon Islands today.

Former MP Withdraws Case

Former East-Central Guadalcanal M-P Nollen Leni has decided against continuing his appeal case against Levers Solomons Limited, L-S-L.

SIPEU Media Accusation Uncalled For: Police

The Royal Solomon Islands Police Force says that the Solomon Islands Public Employees Union (SIPEU) may have misunderstood a police statement released earlier in relation to the Voluntary Early Retirement Scheme (VERS).

Solomon Airlines Twin Otter Planes Upgraded

Solomon Airlines announced today that it has finally purchased all the required materials for the Refurbishment and Upgrade of the first of their two (2) Twin Otters registered as H4-NNP and will be commencing soon to undertake the works locally and by their own LOCAL engineers.

Police Investigates Death at Koa Hill

Detectives from the National Criminal Investigation Division, with the support of Forensic officers, are investigating the circumstance surrounding the death of a 16 year old girl over the weekend.

It's Time to Build a Futsal Stadium: Tausinga

The Member of Parliament for North New Georgia Vona Vona, Hon. Silas Tausinga, has suggested that the government confirm from the Libyan government its offer to build a Futsal stadium for Solomon Islands.