Economy Archive February 2011

Economy Going Strong: CBSI

The Governor of the Central Bank of Solomon Islands says the country's economy is growing.

Leni Testifies in Court

The former Minister of Fisheries, Nollen Leni has told the magistrate court that he did not recall receiving any report from the member for Ngella, Mark Kemakeza, on how he used funds allocated for approved fisheries projects for his constituency.
The Telecommunications Commission says Bemobile has failed to provide telecommunications service to 75 per cent of the population by 1st February 2011 as required in its license.

Bemobile Penalized

The Telecommunications Commission of the Solomon Islands (TCSI) has announced that Bemobile Solomon Islands Limited is in breach of its license.
Foreign Minister Peter Shanel and Education Minister Dick Ha'amori with government officials and staff of the Kwantlen Polytechnic University in Canada.

Foreign Minister Seeks Partnership with Canadian University

The Minister of Foreign Affairs Peter Shanel Agovaka and Minister of Education Dick Ha'amori have held consultations with Executive members of Kwantlen Polytechnic University in Vancouver, Canada on Friday.
In opening the Trade and Investment Talks Prime Minister Danny Philip calls on the Papua New Guinea (PNG) investors to assist his government in its decentralization policy.

PNG and Solomon Islands Talk Business

A group of leading businessmen from Papua New Guinea is visiting Solomon Islands to discuss an investment plan for the future.

Appointment of New RAMSI Special Coordinator Welcomed

The Foreign Minister of Solomon Islands, the Hon. Peter Shanel, the Secretary General of the Pacific Islands Forum Secretariat, Tuiloma Neroni Slade and the RAMSI Special Coordinator Graeme Wilson, today welcomed the appointment of Mr Nicholas Coppel as the next Special Coordinator of RAMSI.
The exhibition includes separate presentations on the contribution of each of the 15 countries that contribute to RAMSI.

RAMSI Photo Exhibition Showcases 7 Years of Progress

A photographic exhibition entitled "RAMSI: A history in pictures," which showcases the history and achievements of the Regional Assistance Mission to Solomon Islands (RAMSI) is set to open in Honiara this week.
Minister Lilo says that the budget "focuses on reducing wastage along with targeted spending to improve services and lay a foundation for future growth in the country."

Cabinet Endorses Final Draft Budget

Cabinet has endorsed the 2011 budget which will now be translated into a bill for consideration by cabinet when it meets later this afternoon.

Status of Solomon Islanders in Christchurch Still Unknown

The status of Solomon Islanders in Christchurch, New Zealand, following Tuesday's devastating earthquake is not yet known.

Solomon Islands Benefits from Flight Agreement with Australia

A new agreement signed between the Gillard labour Government and Solomon Islands will double the current flights between Australia and Solomon Islands.

Cabinet to Consider Draft Budget

Cabinet is expected to deliberate on the final draft of the 2011 budget later this week.
The Heritage Park Hotel, one of the latest investments from PNG.

PNG Investment Mission to Solomon Islands

A Papua New Guinea Investment Mission will visit Solomon Islands from 25-28 February 2011, to look at opportunities for investment in the country.
Paul Gruenwald, ANZ chief economist for the Asia Pacific, in an interview with Radio Australia, says that the strong growth is attributed to the logging sector.

Solomon Islands Economy Performing Well: ANZ

One of the region's biggest banks says the Solomon Islands economy has bounced back strongly from the global economic crisis.

Report on Aid Effectiveness Soon to be Released

Results of a survey on the effectiveness of aid donor monies to the country's development priorities will be publicized soon.

Solomon Gold Reports Positive Rock Samples

Minerals explorer Solomon Gold and its partner Newmont Mining are making progress on the Guadalcanal JV Tenements on the Solomon Islands and exploration plans for 2011 have been finalized.

Satu Plans to Export More Dolphins

Solomon Islands exporter of live dolphins, Robert Satu, has confirmed that he plans to fill an order from Germany, along with orders from other European countries and Dubai.

GG Announces Bye-election Dates

The Governor General Sir Frank Kabui has officially announced the date for bye-election in the Baegu-Asifola and Shortland Islands constituencies.

Government Seeks to Deregulate CEMA

Commodities Export Marketing Authorities CEMA will no longer export copra out of the country when a new investor arrives to operate the Russell Islands Plantation.

PM Holds Talks With RIPEL Owners

Prime Minister Danny Philip was in Yandina, Russell Islands, to hold talks with investors of the Yandina Russell Islands Plantations Estate Limited (RIPEL).

Finance Minister Promises Record Budget

Finance Minister Gordon Darcy Lilo has pledged to deliver a record budget that is focused on economic growth, strengthening the country's budgetary position and ensuring that Solomon Islands can stand as a strong independent nation.

Buses Strike to Hike Fares

Public transportation was disabled yesterday after all buses and taxis seized operation following a strong demand for the increase of fares.
Walter Kola is now the Acting Police Commissioner of the Royal Solomon Islands Police Force.

Kola Sworn in as Acting

Solomon Islands Deputy Police Commissioner, Walter Kola is now the Acting Police Commissioner of the Royal Solomon Islands Police Force.
GRML says that a process of open and regular dialogue has been established and they will continue to use this forum to discuss.

Landowners May Disrupt First Gold Pour

Failure by the Government and the Gold Ridge Mining company (GRML) to settle outstanding issues relating to mining on Central Guadalcanal poses a threat to the much anticipated first "gold pour" next month.

Four Ministry's Still Without Substantive Ministers

The Government is still without four ministers since the first series of defections two weeks ago.
Magistrate Stefan Metanomski said it is "hard to imagine a more recapitulating crime than a father sexually abusing his daughter and threatening her not to tell anyone."

Father of Seven Charged with Incest

A Magistrate has sentenced a father of seven to three years imprisonment for incest.

East Choiseul Joins the Web

People of East Choiseul Constituency can now access Internet services following the installation of the service at the constituency's Growth Centre.

Government Funds Additional Scholarships

The Government has approved a SBD$25 million dollar rescue package to provide some 200 additional scholarships for Solomon Islands students this year.
"People will now be able to access much of the information and many of the forms they need online simply by accessing the new MOFT website," said Mr Lilo.

Ministry of Finance Goes Online

The Minister of Finance, the Hon. Gordon Darcy Lilo, officially launched the Ministry of Finance and Treasury's (MOFT) website today (

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