THE Credit Corporation has repossessed two passenger and cargo vessels – the MV KIDRON and MV KAFE – a further sign of the worsening impact of the COVID-19 pandemic on businesses. Both inter-island boats were once owned and operated by former Member of Parliament (MP) for East Fataleka Steve Abana. Credit Corporation Asset Management Officer…
THE Grace period for those with unlicensed standby generators to pay up their licenses has already lapsed, Solomon Power has reported. In a statement issued by the State Owned Entity (SOE), it was revealed that the grace period to have all standby generators licensed has already lapsed on 30th June 2021. With the due date…
THE GRML Deputy General Manager, Mr. Allen Wang yesterday thanked the Government for its support towards Gold Ridge Mining Limited. Mr. Wang was speaking during a brief but significant ceremony at the signing of the Memorandum of Understanding relating to Taxation matters affecting Gold Ridge Mining Limited. In his address Mr. Wang thanked the Government…
Gold Ridge Mining Limited [GRML] and the Solomon Islands Government [SIG] through the Ministry of Finance and Treasury yesterday signed a memorandum of understanding relating to taxation issues affecting GRML from the 7th March 1997 agreement. This was announced in a statement issued by GRML Media Unit yesterday. Gold Ridge Mining Limited on Guadalcanal is…
WHILE lack of money prevented Solomon Islands from celebrating its 43rd Independence Anniversary on Wednesday, the Central Bank of Solomon Islands (CBSI) surprised everyone by easing restrictions on how much money can be sent overseas per transaction. Businesses can now send $1 million per transaction while personal transactions have been increased to $100, 000 per…
THE Economic Stimulus Package (ESP) which aimed to address the negative economic fallout of the pandemic continues to make its impacts in the country. Recently a local recipient of ESP from Marovo Lagoon has spoken highly of DCGA and its economic assistance to the local coconut industry through its Economic Stimulus Package (ESP) rollout. Elton…
Solomon Power and the Australian Infrastructure Financing Facility for the Pacific (AIFFP) have signed a USD22.7 million (SBD180 million) grant and loan financing agreement to build the 22km transmission system for the Tina River Hydro-power Project. The transmission system is the critical piece of infrastructure needed to enable the hydropower facility to supply power to Honiara. It will deliver…
THE Central Bank of Solomon Islands (CBSI) would like to caution members of the public of a fake new currency called “Sol York currency” as claimed by its promoters. In a statement on Monday, CBSI advises that there is no such currency in existence in the Solomon Islands except for the Solomon Islands Dollar. “CBSI categorically denies…
SolTuna Limited Marketing Manager Harry Kenwood on Tuesday highlighted SolTuna produces the best tuna in the world. Mr. Harry stated this during the handing over of the $50 thousand dollars promotion cash giveaway prizes to the winners in front of the SolTuna office, Point Cruz Honiara. “Our products, our tuna is one of the best tuna, I can regard…
AIPF SI Ltd’s victims to meet CBSI Intelligence Unit today INDIGENOUS victims of AIPF SI Ltd’s consultancy dealings will meet the Intelligence Unit of the Central Bank of Solomon Islands (CBSI) this morning, sources told Solomon Star last night. Many will be there to express their disappointment that the CBSI, has failed to protect…