The Bank of Papua New Guinea (PNG), Nationwide Micro Bank and K1 Association have signed partnership agreements confirming a commitment to deliver financial education training to a further 61,000 people in Papua New Guinea (PNG). Benny Popoitai, Deputy Governor of the Bank of PNG and Chairman of the Steering Committee of the Microfinance Expansion Project…
Finance is a key input into sustainable economic growth, says a quarterly report from the ANZ Bank. In its Asia Pacific Economics Pacific Quarterly publication, the bank said the process of developing broader and more liquid banks, institutions and markets to finance growth was known as financial deepening. “At its core, this involves opening up…
A New Zealand couple currently sailing through the country have commended local indigenous Solomon Islanders for their hospitality and communication skills. Michael and Julie, sailed through our waters from Temotu province and now are in Central province. They have their own trade business in New Zealand. But after retiring they decided to sell the business…
Daltron country manager Tony Koraua has retained his seat as the chairman of the Solomon Islands Chamber of Commerce & Industry (SICCI) board. This is for the 4th consecutive year since his first election to the top post in 2011. He was re-elected a recent extra-ordinary meeting held at Club HP last Thursday. Mr Koraua…
Central Island province plans to reopen Anuha airstrip in the Florida islands, Central province to boost air-links and the flow of tourist into the province. Deputy premier of the province Charles Bisa revealed this to the Solomon Star last week during a meeting with Green Tourism Solomon Island Ltd officials at Taupuipui Island Resort. Mr…
Bank South Pacific Limited has announced a net profit of K436.8 million (US$153.9 million) for the 2013 financial year, with a final dividend of 66 toea per share to be paid to shareholders. This was announced by the bank’s group chairman Kostas Constantinou last Friday. Constantinou said 2013 has been a successful one for the…
Landowning groups in Kobuana Island, Bonavesta, Central island province have declared opening up their land for airstrip development. Martin Tinoni village elder of Kobuana Island told Green Tourism Solomon Island Ltd during a visit to the island Thursday last week. Mr Tinoni told the gathering that most members of their families have agreed for their…
The Western provincial agriculture extension office is working closely with cocoa and coconut farmers to ensure they produce quality products. The program was an initiative to by the national government to ensure farmers have a quality and marketing products for exporting. Speaking from Gizo, chief agriculture officer Samson Timi said that his officers have been…
The current yacht entry fee into Solomon Island waters is very expensive. Michael and Julie, a couple from New Zealand currently sailing around the country claimed, the fee to enter the country very costly compared to other countries. Speaking to the Solomon Star at Roderick Bay last week the couple called on the national government…
Another comprehensive maritime surveillance operation wound up its annual phase for 2014 on the weekend, with Operation Tui Moana ending a ten-day operation on Friday evening. TUI MOANA 2014 (OPTM14) stretched from 14-23 May across the Exclusive Economic Zones (EEZs) and high seas of Cook Islands, Samoa, Tonga, Niue, Tokelau and Tuvalu. Opportunities also arose…