Economy Archive May 2011

CBSI Lauds Liberalization of Telecommunications in Report

The Central Bank of Solomon Islands Annual Report 2010 says the liberalization of the country's telecommunications industry in 2009 has greatly improved general availability and coverage of telecommunications services in the country.

Close Down SIVB: Western Tourism Operators

Western Tourism Operators have called on the National Government through the Ministry of Culture and Tourism to close-down the Solomon Islands Visitors Bureau (SIVB).
It seems likely that the government will look to Vanuatu, which has been producing some of the world's best beef for years.

Government Keen to Re-start Cattle Project

The Ministry of Agriculture and Livestock will present a white paper to cabinet seeking a new arrangement to import cattle into the country under the National Cattle Rehabilitation Project.
The new H4-Bus aircraft, similar to the one pictured, is currently in Melbourne, where new livery in national colours, seating configurations and other work packages are being applied.

Solomon Airlines to Fly National Colours in New A-320 Aircraft

Solomon Airlines will start flying the country's national colours again on its international route soon as it prepares to take delivery of a new A-320 aircraft.

Beautification Nursery Launched

Solomon Islands key parties yesterday marked a historic development for the Solo Enviro Beautification (SEB).

TRC to Hold Another Hearing

The Solomon Islands Truth and Reconciliation Commission is planning to hold a third thematic public hearing for ex-combatants in either the Western or Choiseul Province soon.

Monument to Honour Local WWII Scouts and Coastwatchers

Local scouts and coastwatchers of World War II will be honoured with a monument soon in the heart of Honiara city.
Combating tropical diseases needs the government, health authorities and stakeholders in the country to work together.

Working Together to Combat Tropical Diseases

Solomon Islands can eradicate tropical diseases if people are responsible enough to look after themselves.

"As minister responsible for Tourism, I would like to ensure that tourism is developed in our country given the huge potential that we have here," said Hon. Manetoali.

Tourism Minister Visits Western Province

The Minister of Tourism and Culture Hon. Samuel Manetoali will be visiting tourism establishments in Gizo, Western province, today.

Minister Appoints New Telecommunications Commissioner

Minister for Communications and Aviation, Andrew Hanaria announced the appointment of Mr Bernard Hill, a senior executive of a Hong Kong based Consultancy Company, as the next Telecommunications Commissioner.
The Ministry of Foreign Affairs confirms that issues surrounding Mr Bata'anisia are being dealt with by the Ministry of Public Service in consultation with the Attorney General's Chambers.

Foreign Affairs Confirms Suspension of Bata'anisia

The Ministry of Foreign Affairs and External Trade confirms that the former Solomon Islands High Commissioner to Papua New Guinea, Bernard Bata'anisia, has been recalled and subsequently suspended.
Mr Prebble says reforms in SOEs would mean "lower costs for higher quality services from the government."

Reform of SOEs will be Beneficial for Solomon Islands

A former New Zealand MP says steps taken to reform State Owned Enterprises (SOE) will have huge benefits to the ordinary people of Solomon Islands.

Suri Clarifies Adjournment of Dr Sikua's Petition Case

Dr Derek Sikua's legal Counsel has clarified that the constant adjournment of his client's petition trial can be blamed on both parties and not only on Dr Sikua.
NRH in its submission indicated that the bulk of the recommendations of the Auditor General's Department have since been addressed, with only a few remaining to be finalized.

National Referral Hospital Lacks Adequate System: AG Report

An Auditor General's report which contained 118 recommendations included a key finding that the National Referral Hospital lack adequate system.

Project Officer Calls for Relocation of Atoll Islanders

People living in low lying islands in the country need to be considered for relocation before the devastating effects of climate change becomes too late to address.
The tuna industry generates close to USD$4 Billion dollars annually, less than 6% of this returns to the Pacific Island economies, mostly in the form of access fees.

Government Seeks to Retain Tuna Wealth

The Solomon Islands government is seriously pursuing initiatives that should see greater returns from the exploitation of its rich tuna resources.
Young Elliot Ragomo took both the Golden Boot for the highest number of goals scored in the tournament, a staggering 19 goals, and won the Golden Ball.

Ragomo Scoops Two Awards

Inspirational Solomon Islands Futsal captain, Elliot Ragomo, has won two awards at the OFC Futsal Champions that ended last Friday in Suva, Fiji.

New Zealand MP Leads Trade Mission to Solomon Islands

An influential group of New Zealand business people, led by New Zealand MP John Hayes, is to visit Honiara this week to develop business opportunities between New Zealand and the Solomon Islands.

Solomon Gold Unveils Positive Drill Results

Gold and copper explorer Solomon Gold (SOLG) unveiled further positive results from its wholly-owned Fauro Island Project drilling programme in the Solomon Islands.

Water Project Might Lose Millions

Solomon Islands is on the verge of losing a Japanese International Cooperation Agency funding of more than SBD$250 million dollars to improve water and sanitation in Honiara because a particular landowning party refused to sign the agreement.
Acting Australian High Commissioner Alison Duncan receives a letter of support from the Minister for Agriculture and Livestock, Hon Connelly Sandakabatu for the PHAMA program.

Government Seeks to Improve Agricultural Exports

The Minister for Agriculture and Livestock Development, Hon. Connelly Sandakabatu, has launched a new Pacific-wide initiative to help increase agricultural exports and increase foreign earnings for the country.

Solomons Close Tuna Fishery This Month

Solomon Islands are in the process of closing its waters to foreign purse seiners this month. The decision to do so has been described by many in the fishing industry as "bold and decisive."
The report states that macroeconomic performance has been favorable owing to strong agricultural and logging production as well as a large mining investment.

IMF Satisfied with Solomon Islands Performance

An International Monetary Fund (IMF) mission team led by Mr. Hoe Ee Khor visited Honiara during May 3-13, 2011, and is so far satisfied with its second review under the Standby Credit Facility arrangement with the Solomon Islands.
An Ariel shot of Fauro Island in the Shortland Islands.

Bandits Raid Fauro Mine Site

Unconfirmed reports state that a group of heavily armed bandits raided the Fauro Mine Site and stole very expensive equipments and gold samples.

Strong Earthquake Strikes Solomon Islands

A strong 6.5-magnitude earthquake struck the Western Solomons, beneath the sea off Papua New Guinea, prompting a local tsunami alert, US seismologists say.

Taxpayers Foot Car Rental Arrangement

Tax-payers will be footing a monthly bill of SBD$56,000 for vehicle rentals following a private arrangement agreed upon by the Prime Minister's Office and East Fataleka MP, Steve Abana.
PM Philip refutes allegations that the NCRA Government has vested interests in certain mining companies.

Axiom KB Must Comply with Our Laws: PM

Prime Minister Danny Philip has warned that it is in the best interest of Axiom Kolosori and Bungusule and both its overseas and local shareholders to follow the directives of the government.
Peter Clement and Kukudu clinic officials and the new power unit.

Kukudu Benefits through Generosity

Peter Clement and his wife Kerrie simply could not ignore the plight of the people of Kukudu in the western province of the Solomon Islands when the couple spent five weeks there as part of a voluntary medical mission in 2009.
Prime Minister, Hon. Danny Philip and ROC Ambassador, Roy Wu, at the Handover of National Parliament Office Complex solar project.

Taiwan Funds Parliament Solar Project

The Government of the Republic China has formally handed over funds totaling SB$1.85 million (US$234,000) towards the Solomon Islands National Parliament Office Complex Solar project.
The Danny Philip government has come up with a new policy to free up customary lands for economic development in the Solomon Islands, without alienating the traditional owners.

Solomon Islands Undertakes Crucial Land Reforms

Land disputes are seen as major obstacles to development in many Pacific Island states, particularly in the larger Melanesian nations like Papua New Guinea, Solomon Islands, Vanuatu and Fiji.
The logging industry contributes well over 30% of the country's GDP.

Illegal Logging a Big Problem: Minister

Solomon Islands Forestry Minister, Bradley Tovosia, says that illegal logging remains a big concern in the country.

Bugotu Landowners Calls for Investigation

The Bugotu Landowners Association, B-L-A, calls on the NCRA Government to immediately appoint a Commissioner to investigate the events surrounding the International Tender, the awarding and subsequent cancellation of a Letter Of Intend to Sumimoto Minerals and Mines.

TSI Commends Government

Transparency Solomon Islands, TSI, has praised the government for taking an important step in building transparency and accountability in the fast growing extractive industry.

Youth Mainstreaming Promoted

The Solomon Islands Ministry of Women, Youth and Children Affairs in collaboration with the Commonwealth Youth Programme Pacific Centre conducted a workshop in preparation for a series of upcoming Provincial Youth Mainstreaming Summits.

Commission Concludes Hearing

The Solomon Islands Truth and Reconciliation Commission has continued collecting evidence about the country's ethnic conflict, with a two-day hearing in Buma village on Malaita Province.
The Pod Moth could be a potential threat following the destruction of Cocoa Pods in Bougainville.

Border Control Needed Against Pests

Solomon Islands quarantine officials say more border control is needed to prevent a potentially harmful cocoa pest from entering its borders.
Ms Kanoko holds a Master of Business Administration (MBA) and Bachelor of Art Degree (Economics) from the University of South Pacific. She has worked with CBSI for over fifteen years.

CBSI Appoints New National Financial Inclusion Unit Manager

The Central Bank of Solomon Islands (CBSI) has announced the appointment of Miss Caroline Kanoko as the first female Manager to head the newly established National Financial Inclusion Unit (NFIU) at the bank.

EU Announces EU$400,000 Worth of Funding for NGOs

The European Union office in Honiara has called for Non-State Actors in Development in Solomon Islands to submit proposals for grant awards this year.