Economy Archive November 2016

According to the National Institute of Water and Atmospheric Research (NIWA), the region can expect eight to 10 tropical cyclones this season, compared with 18 last season.

Tropical Low Moves across Solomon Islands

Torrential downpour in the capital Honiara is linked to a tropical low about 600 kilometres west-southwest of Rennell, and is moving southeast.
ADB has supported a number of SOE reform initiatives in Solomon Islands, including the privatizations of Sasape Marina, Home Finance Limited, and Solomon Island Printers, as well as the implementation of a community service obligation framework.

Reforms See Improvement in Solomon Islands SOEs: ADB Report

Reforms to Solomon Islands’ state-owned enterprises (SOEs) have led to a dramatic improvement in their performance, according to an Asian Development Bank (ADB) report presented in Honiara today.

Vehicle Owners Warned of Faulty Parts

A taxi fleet owner is calling on the police to investigate suppliers of faulty vehicle parts after receiving numerous complaints from his taxi drivers.
The project is part of a broader program by Solomon Power to expand electricity access to rural communities through renewable energy-based grids, according to ADB.

Solar Power Development Project for Solomon Islands

The Asian Development Bank (ADB) on November 22 approved financing to support the Government of Solomon Islands and Solomon Power to convert electricity networks in five provinces almost entirely to solar power.
The PSO “Green Hornets” volleyball team after a hard fought victory. From left to right, back row: Clancy Dane, Daniel Kwalai, Tina Haro, Kathleen Kohata, Ethel Ratu, Lazarus Waroka, Martha Manaka. Front: Wesley Ramo, Peter Herehura, Leonard Chite.

For the Love of the Law and Life in the Solomon Islands

Only the very lucky can say that they do what they love and have new adventures almost every day. The rare opportunity to live this sort of life was presented to Clancy Dane when he took on a volunteer position at the Public Solicitor’s Office (PSO) in Honiara on 7 June 2016.
The power house at the Lungga Power Station in the Solomon Islands. MAN Diesel & Turbo delivered four 9L27/38 diesel generator sets for the power project.

Solomon Power Completes Construction of New Power Station

Solomon Power has recently completed construction of a new power house station in Lungga, East of Honiara.
“Like the Prime Minister I too am excited about the prospects that PPP can offer our country,” he said in his remarks at the occasion.

Finance Minister Upbeat about PPP Prospects

Minister for Finance and Treasury, Hon Snyder Rini, has expressed excitement about the prospects of the Public-Private Partnership (PPP) concept which the Government is working to introduce across the Public Service to complement the existing method of public procurement.
Solomon Islands Minister of Communication and Aviation, the Hon. Peter Shanel Agovaka (left front) and Republic of Kiribati Minister of Information, Communication, Transport and Tourism Development, the Hon. Willie Tokataake.

Solomon Islands and Kiribati Conclude New Air Service Agreement

The Solomon Islands and Republic of Kiribati have reached agreement for a new Air Service Agreement (ASA) and Memorandum of Understanding (MOU) between the two countries.
Some market analysts are even more concerned, forecasting a cocoa surplus of 250,000 tonnes for the 2016-2017 harvest.

Local Cocoa Farmers Concerned With Plunging Prices

Local cocoa farmers are concerned - and they have good reasons to be - prices have plunged to three-year lows as international buyers continued to weigh supply/demand forces ahead of the crucial harvest season.
Anke with students in one of her communication skills lesson.

Don Bosco Benefitting From Australian Volunteers

Australia Day 2016 saw Andrew and Anke MacLean arrive in Solomon Islands, ready to begin their 18-month-long volunteer assignments at the Don Bosco Technical Institute in Henderson. Anke works with the Communications Department, whilst Andrew is mentoring a range of teachers and supporting the principal.

Red Cross Helps Solomon Islands Combat Dengue Outbreak

The Solomon Islands Red Cross Society is gearing up to support the Solomon Islands government to contain an outbreak of dengue fever, which has already killed one person and thought to have infected more than 1,700 others.
A statement from LMU strongly discourages people from paying money to any self claimed recruitment agent apart from the licensed agents approved by the LMU.

Beware of Bogus Recruitment Agents: LMU

The Solomon Islands Government through its Labour Mobility Unit (LMU) is warning locals to be vigilant against fake recruitment agents who promised to arrange seasonal jobs in Australia and New Zealand.
While the visitation figures, all recorded at Honiara International Airport, are extremely encouraging, Mr Tuamoto drew strong reference to the Solomon Islands’ ever-increasing positioning on the international cruise scene which so far this year has seen 10 major vessels entering Solomon Islands’ waters.

Record Numbers Projected for Solomon Islands Tourist Arrivals

A strong increase in international visitor arrivals in August, a bumper Australian performance and a major upturn in the destination’s ever-building positioning as a new and exciting cruise destination has helped Solomon Islands tourism stay on track for what is shaping up to be one of its best years in recent times.

Price of Fuel Falls

Good news for vehicle owners, the average fuel price in Honiara fell further by 27 cents to $7.53 per litre from $7.80 per litre in the previous month.
Despite such fluctuations the worldwide appetite for chocolate is expected to increase cocoa demand by 30% in 2020.

Price of Cocoa Drops While Palm Oil Rises

Recent monthly commodity prices for cocoa and palm oil shows a slight drop in cocoa and a rise in the price of palm oil.
Health Authorities Urge Honiara Residents to Clean Surroundings

Health Authorities Urge Honiara Residents to Clean Surroundings

The Solomon Islands Ministry of Health and Medical Services have urged residents in Honiara to clean surrounding areas as the monsoon season approaches.