RIOT IMPACT ASSESSMENT NOVEMBER 2021

The Central Bank of Solomon Islands (CBSI) has updated its initial assessment on the cost of the damage of the riot on the local economy. The extent of the adverse impact on the economy is extensive and estimated to have reached $534 million, up from the $227 million initially estimated.  There around 63 buildings being…

Airlines resumes domestic services

SOLOMON Airlines has confirmed the national carrier’s domestic flight schedule has recommenced regular domestic operations as of yesterday. Solomon Airlines CEO Brett Gebers has confirmed this in a statement on Monday. “We have carefully evaluated the situation and the current environment and now that it is safe to operate, we can confirm we are back…

Call to respect vital infrastructures

The Central Bank of Solomon Islands (CBSI) is calling on the general public to respect all banks and other financial institutions’ properties in Honiara. This call was made following last week’s events which saw several key properties being damaged, including a bank building and ATMs, which were razed to the ground by fire. “I want…

CBSI estimates $227 million minimum loss to the local economy due to the unrest on the 24th – 26th of November 2021

The Central Bank of Solomon Islands (CBSI) has conducted an initial impact assessment over the damage to the economy caused by the recent unrest and riots in Honiara since Wednesday. The findings have revealed that the loss to the local economy is estimated to be around $227 million at a minimum. Domestic economic activity, including…

SICCI statement on current situation in Honiara

Thursday 25 November, Honiara – Solomon Islands Chamber of Commerce and Industry (SICCI), as the peak body representing the private sector, is observing the current security situation in Honiara with great concern. As the representative of the business community, SICCI in a statement released today (Thursday 25 November, 2021) urge everyone to exercise judgement and…

SICCI with government to fight against COVID-19

SOLOMON Islands Chamber of Commerce & Industry (SICCI) is robustly joining the national government to fight against Covid-19’s entry to SI and promote vaccination coverage across the nation. SICCI Chairman Ricky Fuo’o assured Prime Minister Manasseh Sogavare and his government during the SICCI Business Excellence Award (BEA) night at Coral Sea Resort & Casino on…

GPPOL scoops PM‘s award

GUADALCANAL Plantation Palm Oil Limited (GPPOL) has scooped the Solomon Island Chamber of Commerce & Industry (SICCI) Prime Minister’s Business Excellence Award. It is the top award of the prestigious 2021 SICCI Business Excellence Award (BEA). BEA Award night was held at Coral Sea Resort & Casino West Honiara on Saturday night. Prime Minister Manasseh…

PM acknowledges SICCI’s partnership

Prime Minister Manasseh Sogavare acknowledges the Solomon Islands Chamber of Commerce (SICCI) for its partnership in promoting the government’s COVID 19 vaccination roll-out program. Prime Minister Sogavare formally thanked SICCI during Saturday night’s Business Excellence Award ceremony, a statement issued by Prime Minister Press Secretariat said. “I wish to reaffirm the government’s commitment to the…

SPOL SAGA

Is Land and Sea Circle Services a front? AN investigation into Land and Sea Circle Services – the dive company contracted by South Pacific Oil Ltd to ensure overseas tankers discharging fuel and liquidified gas do so safely in Honiara – suggests the company is potentially a front. Panaki Walter, also known as Roto, jointly…

Kwaibala, Bina river catchment areas set for PES developments

WINROCK International Solomon Islands’ Community Engagement Team have reached out to Bina and Kwaibala communities and surrounding areas in preparation for the roll-out of river catchment management and forest protection activities. Protection of fresh waters through forest management and conservation at these catchment areas are crucial to ensure clean and sufficient water supply to the…