Fri, 28 July 2017
Last Updated: Fri, 28 Jul 2017 5pm
Solomon Star
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MMF backs SIPA reform

Malaita Ma’asina Forum (MMF) has commended the efforts made by Chief Executive Officer (CEO) Collin Yow of Solomon Islands Ports Authority (SIPA) to put in place new reforms that will generate more revenue for the country.

This was revealed in the MMF final reports of their research conducted to unveil the financial status of the three complaining companies namely National Fisheries Development (NFD), Solrais and Guadalcanal Plain Palm Oil Limited (GPPOL).

These three companies have blamed SIPA reform for the loss in their business operation here.

MMF president Charles Dausabea told the news that the new SIPA reform will benefit the indigenous people of Solomon Islands and the grieving companies mentioned above should play fair in where they invest.

He said Solomon Taiyo has been operating for 27 years with no revelation of their profit at all to the government.

He added that if companies argued of loss then they should have withdrawn long time.

MMF president further stated that it is not fair to make money in a country and then send it overseas.

He said Yow is doing the right thing for the people of this nation and he must be commended for his efforts to expose the uneven transactions that have been robbing this country for so many years.

He concluded that the concerned companies should not deny making big profit in Solomon Islands, since information derived by MMF comes from their websites, which is already a public knowledge.


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