The ownership of Gold Ridge Mining Limited (GRML) consists of Wanguo International Mining Group (70 percent), AXF Resources (20 percent) and Gold Ridge Landowners through the investment company Goldridge Communities Investment Ltd (GCIL) (10 percent). This ownership structure, with landowners having equity in the project and representation on the Board of GRML, means that the…
HONIARA, (SOL GOVT) – Local firm Pasifiki HR has been awarded the contract to deliver pre-employment, vocational and technical training programmes aimed at building local capacity under the Solomon Islands Community Benefit Sharing Programme (CBSP) for the Tina River Hydro Development Project. This appointment reflects the Solomon Island Governments’ commitment to prioritising local organisations…
10% tax refund boosts NPF youSave members By IAN M.KAUKUINewsroom, Honiara THE roll out of the 10% tax refund to ‘youSave lo mobile’ members of National Provident Fund (NPF) announced by the Minister of Finance last month has boosted members’ savings. Speaking at a joint press conference with the two national mobile network operators…
ONE of the basis of developing the revitalised Development Bank of Solomon Islands’ (DBS) strategic plan is that the mistakes of the past will not be repeated. Minister for Finance and Treasury Harry Kuma confidently stated it boldly on the floor of the parliament when he wind up ‘The 2020 Supplementary Appropriation Bill 2020’ debate…
The Soltuna Company Limited (LTD) and Western Provincial Government (WPG) through its business arm have signed a renewed tenancy agreement formalising the forty-six properties which the fishing company had rented on behalf of its employees working in the tuna industry there in Noro. The newly signed lease which was done on 14th August has been…
THE Minister of Finance and Treasury, Hon Harry Kuma has approved tax refunds for airtime credits (mobile top-ups) used as youSave deposits. Formal announcements was made by the Ministry of Finance and Treasury (MOFT) Solomon Islands National Provident Fund (SINPF) and the Central Bank of Solomon Islands in a joint press conference today, 21st of…
THE Kubonitu Holdings, a local kava buyer is looking forward to export its first Kava consignment in the coming weeks to United States of America (USA). The news of the exportation was confirmed to this paper by Manager of the company, Duddley Longamei, Thursday. Mr Longamei said that currently they are busy bagging their powered…
THE country’s economy has been hit hard by the negative impact of the COVID-19 pandemic since the outbreak past seven months ago. This will result in a negative (-) 4.1 percent economic growth by the end of this year. This was highlighted by the Minister of Finance and Treasury Harry Kuma during the second recording…
IRD concerned with businesses remitting money overseas THE country’s Inland Revenue Division (IRD) is concerned with the continuous practice of remitting money overseas by some businesses which causes a huge impact on Government revenue. IRD Commissioner, Mr. Joseph Dokekana revealed this at an Information Session hosted by the Solomon Islands Chamber of Commerce and Industry…
LOGGING is still one of the country’s key export commodities but its contribution is expected to decline soon as log exports move to more sustainable levels. Minister of Finance and Treasury Harry Kuma made this statement when speaking in parliament on Tuesday. Mr. Kuma said logging activities were severely affected by COVID-19 trade disruption in…