Economy Archive May 2019

SIWA says that the “We’re with you” campaign is an opportunity to assure water users that SIWA strives to provide a reliable, consistent and safe water supply.

Solomon Water Launches “We’re with You” Campaign

Solomon Water is excited to launch its “We’re with you” campaign aimed at providing improved and reliable water services to our customers.
“It is possible that the price could rise to challenge 2011 levels and move to north of the USD$4000 per ton level."

Cocoa Prices Set to Rise to 2011 Levels?

Cocoa suppliers in Solomon Islands have all but conceded that price levels in 2011, when the price hit USD$3826 per ton, is no longer possible.
This year’s Careers Market was marked with the theme ‘Pathway to future Careers’, with the one-day event attracting hundreds of students from schools in and around Honiara.

Careers Market Display Pathways for Students

"As the body representing the private sector, we are focused on supporting businesses to thrive and create jobs, but at the same time we need to inspire our students, our young generation to aim high and to reach their full potential, as they are our future workforce as well as business entrepreneurs."
Pictured (from left) Tourism Solomons CEO, Josefa Tuamoto; Tourism Solomons senior marketing officer, Fiona Teama; Diveplanit director, Simon Mallender; Ministry of Culture Permanent Secretary, Andrew Nihopara, and SPUMS president, Professor David Smart.

Hosting of 2019 SPUMS Annual Conference Hailed a Major Success

Attracting delegates from as far afield as Australia, South Africa, the Middle East and the USA, the South Pacific Underwater Medicine Society’s (SPUMS) 48th Annual Scientific Meeting taking place in Honiara last week has been hailed a major success.
The statement says that the public needs to be on alert and need to be able to identify the security features of any banknote and differentiate a counterfeit note from a genuine one.

Counterfeit Notes on the Rise: CBSI Warns

The Central Bank of Solomon Islands (CBSI) has stated that counterfeiting activities has increased substantially, warning people to be vigilant.
The estimated volume also decreased by 10.6% to 2.822 million cubic meters valued at approximately SBD$2.9 Billion.

Log Exports Account for 79% of Solomon Islands Foreign Reserves

The Central Bank of Solomon Islands (CBSI) 2018 Annual Report showed that round log exports contributed a substantial portion of the country’s foreign exchange inflows.
He says such behavior shows that they may be adapting and avoiding treated bed nets, raising the need to combat these deadly mosquitoes outdoors.

Research into Malaria in Solomon Islands Show Mosquitoes Adapting

Research into malaria in Solomon Islands has found that while there have been big reductions in the number of people becoming ill in the past 20 years, the mosquitoes that carry the infectious parasite are adapting their behavior.
Loloata Island Resort a 20 minute drive on the Magi highway from Port Moresby.

SINPF Buys 15% Shares in PNG Based Loloata Island Resort

The Solomon Islands National Provident (SINPF) Board has purchased its’ 15% shares in Loloata Island Resort Limited on Tuesday 14th May 2018 at the Lamana Hotel, Port Moresby, Papua New Guinea. The SINPF bought its shares for K12 million (approx. SBD$30 million) from funds generated from its’ Bank South Pacific equity investment returns.
PPC Toaki warns: “Rape is a serious offence which carries a maximum penalty of life imprisonment. It is an inhumane act which must not be accepted in our communities.”

20 Year Old Arrested for Rape

A 20-year-old man has been remanded at the Lata Correctional Service Solomon Islands Centre in Temotu Province on a charge of alleged rape and will appear in the Lata Magistrates Court on 29 May 2019.
The Solomon Islands Urban Water Supply and Sanitation Sector Project will support Solomon Water to rehabilitate and expand water production and treatment systems across Honiara, Auki, Gizo, Noro and Tulagi; develop a new water supply system in Munda; and connect an additional 40,000 homes in Honiara.

World Bank Grants US$15 Million for Water and Sanitation Projects

Thousands of communities across the Solomon Islands will benefit from improved access to quality water and sanitation services, following approval of a grant for US$15 million (SBD$122 million) by the World Bank’s Board of Executive Directors, as part of a joint project with the Asian Development Bank (ADB).
When people have a good flow of trustworthy information that is accessible they are less inclined to panic.

Can We Counter Fake News?

The fake news that a tsunami warning was issued for Honiara caused panic and confusion as people fled for safety mid-morning yesterday.
The Honiara Central Market where news of a tsunami threat was said to have started causing panic.

No Tsunami Threat or Warning Issued for Solomon Islands

There is panic in Honiara, particularly around the central market and china town area, after news spread of a tsunami warning that was said to have been issued.
CBSI Governor, Mr Denton Rarawa, at the launch of the report at the Mendana Kitano Hotel.

Economy to Grow By 3.7%: CBSI

The Central Bank of Solomon Islands (CBSI) projects the economy to grow by 3.7% in 2019.
“PRT officers will continue to be deployed to the border until the Solomon Islands – Papua New Guinea Border Strategy which is a national strategy is finalized for permanent presence of armed officers at the border,” says AC Uiga.

RSIPF Deploys Officers to Border With PNG

The Royal Solomon Islands Police Force (RSIPF) continues to deploy some of its officers from Honiara to assist officers in the Western and Choiseul Provinces to provide security at the border with Papua New Guinea.
“This is indeed a prestigious honour and I would like to express my extreme gratitude for being given this amazing opportunity,” Mr Tuamoto said.

Tourism Solomons CEO Invited to Join PATA Board

Strong recognition for the Solomon Islands on the international tourism stage and huge kudos for Tourism Solomons with CEO, Josefa ‘Jo’ Tuamoto invited to join the Pacific Asia Travel Association (PATA) executive board.
Anglican Operated Schools to Ban Sale of Certain Processed Food

Anglican Operated Schools to Ban Sale of Certain Processed Food

Schools operated by the Anglican Church of Melanesia (ACOM) will soon ban the sale of some processed food – mainly those with high sugary content, high salt content and greasy food - to their students.
The study provides data from women, men, youth and people with disability, primarily in rural settings, across all provinces. The findings and recommendations will inform policy priorities and future justice sector programmes.

New Study Shines Light on Justice Sector

Initial findings from a national survey of access to justice show that citizens commonly rely on traditional authorities to resolve disputes and want stronger links to the formal justice system.
It has been estimated that savings of up to 75 percent can be made in the shipping and port industries just by using existing technology and doing things a little bit differently.

IMO Helps Cut Maritime Emissions in the Solomon Islands

A new IMO video puts the spotlight on how an IMO/EU initiative is helping cut maritime emissions in the Solomon Islands as part of a global project to help tackle climate change.
Two Men Convicted for Illegally Crossing the SI-PNG Border

Two Men Convicted for Illegally Crossing the SI-PNG Border

The Provincial Police Commander (PPC), Choiseul Province Superintendent Vincent Eria welcomes the court decision by the Taro Magistrates Court which convicted two men, 42 and 44 years old, for illegal border crossing on 13 May 2019.

Tsunami Warning for PNG and the Solomon Islands Lifted

A tsunami warning has been lifted for Papua New Guinea and the Solomon Islands after a powerful earthquake struck off the coast of the island of New Britain.
The offshore quake struck 45km northeast of the New Britain capital, Kokopo, at 12.58 UTC, and was 10 km deep.

Tsunami Alert After 7.5-Magnitude Earthquake off PNG

A powerful 7.5 magnitude earthquake struck off the coast of Papua New Guinea’s New Britain island on Tuesday, prompting fears of “hazardous” tsunami waves for coasts within 1,000 km of the quake's epicenter.
The team treating the 34-year-old patient at the hospital in Honiara, Solomon Islands. From left: nurse Meltus, Dr Andrew Soma, the patient, Wendy Spencer, Beth Hua and nurse Stephen.

Canberra Hospital Team Donates Oncology Unit to Solomon Islands

Dr Nalini Pati remembers seeing a young woman at the National Referral Hospital in Honiara having difficulty breathing because her lymph node had swollen to such a size it was restricting her airway.
The remnants of 300-year-old trees which once stood tall, but are now all but drowning, prove the point.

60 Minutes Highlights Disappearing Islands in the Solomons

With crystal clear blue waters and white sandy beaches, the Solomon Islands are one of the most stunning and remote parts of the Pacific Ocean.
The Central Bank of Solomon Islands released a new $5 polymer bank note on World Tuna Day.

CBSI Launches New $5 Bill on World Tuna Day

The Central Bank of Solomon Islands (CBSI) chose May 2, United Nations World Tuna Day, for the introduction of its new polymer $5 legal tender note. It is money with a clear message.
MV Solomon Trader oil spill on Rennell Island, Solomon Islands.

Moves to Re-float Bulk Carrier Vessel in Rennell Underway

An operation is underway in the Solomon Islands to re-float a ship that ran aground three months ago, causing an environmental disaster.
Sediment run-off from logged areas at the Kongulai catchment area.

Water Cuts Due to Logging Activities?

Solomon Water and relevant government Ministries are currently investigating a logging operation near the Kongulai water source area.
For this pilot programme, nine young entrepreneurs are paired with experienced mentors who are also members of the Solomon Islands Chamber of Commerce and Industry (SICCI).

YECSI Launches Business Mentoring Programme

The Young Entrepreneurs Council Solomon Islands (YECSI) has launched the first ever business mentoring programme on Thursday 2nd May, 2019.

SICCI Members Updated on Revised Credit Guarantee Scheme

Small Medium Enterprises (SMEs) who are members of the Solomon Islands Chamber of Commerce and Industry (SICCI) had the opportunity to be informed about the revised SME Credit Guarantee Scheme.

RSIPF Investigates Deaths Over the Weekend

Officers of the Royal Solomon Islands Police Force (RSIPF) are investigating the death of two people in separate incidents in Honiara over the weekend.
They are the Hilltop Innovators: Giftson, Rosa, Joyce and John.

Trash to Cash: Cleaner, Greener Gizo

At the top of a steep hill in Gizo, the capital of Solomon Islands’ Western Province, four young people are leading a low-key waste management revolution.