COVID-19 hits hard on tour operator 

TOURISM Industry is one of the main sectors globally affected as a result of the COVID-19 global pandemic.   In Solomon Islands, local tourism operators have also felt the impacts of it apart from other bigger operators because they depend very much on tourists coming into the country and use their services.  Owner of the Imperial…

FAD deployment continues in Malaita

MALAITA Provincial Fishery Office continues with its Fishing Aggregating Device (FAD) deployment. Over the past two weeks, the rollout exercise was conducted in the southern region of Malaita Province with three new FADs being deployed at sea. Two FADs were deployed in ward 24 and one deployed in ward 21, Small Malaita. According to the…

CBSI releases new report

THE Central Bank of Solomon Islands on Thursday released the fourth edition of its Financial Stability Report (FSR) for 2019 as required under the CBSI Act 2012.  A statement from CBSI said the FSR report provides insights into the performances of the country’s financial system as well as the vulnerabilities and risks faced by the financial…

Ports postpone maritime summit

SOLOMON Ports has postponed the 45th Pacific Maritime Transport Alliance Conference it was supposed to host this year to 2021. The decision, Solomon Ports says, was due to the COVID-19 pandemic. The conference was earlier scheduled to be held this month. But with our international borders remaining close and travel restrictions in place, this was…

DBSI clarifies statement 

DEVELOPMENT Bank of Solomon Islands (DBSI) says there are different types of loans that the public can access. DBSI Interim Chief Executive Officer (CEO) Tukana Borovo highlighted this yesterday when clarifying a statement made by a local farmer carried by this paper in its 18th June 2020 issue.  Mr. Borovo said that in the article,…

SINPF COVID-19 exemption order ends

The implementation of the Solomon Islands National Provident Fund (SINPF) Exemption Order has expired as of Tuesday.  This means as from today, 1st July 2020 no new applications will be accepted, a statement from SINPF Media said. Implemented since 1st April 2020, eligible members who qualified under the exemption order were able to access part…

Kava farmers rake $84k

LOCAL kava farmers from Malaita have their hard work being paid off after selling their kava products to Kubonitu Holding by earning $84,680.00 early this week. The kava farmers from Bethany, Oneone village, Judea village, and Kwaina villages loaded their kava bags in the fast boat Express Pelican and arrived Monday afternoon in Honiara.  Kubonitu…

$20m to fight COVID-19

The Asian Development Bank (ADB) has approved $20 million to help the Government of Solomon Islands combat the coronavirus disease (COVID-19) and its impact on the country’s economy. The support comprises a $10 million concessional loan and a $10 million grant and will go toward preventing the disease from entering the country and for mitigating…

NPF board pays off $60M gov’t bond

SOLOMON Islands National Provident Fund Board (SINPFB) says it has purchased the remaining $60 million of the government’s $120 million COVID-19 development bond on Friday 19 June 2020.  The other $60 million were earlier purchased by Solomon Islands Electricity Authority (SIEA) and Solomon Islands Ports Authority (SIPA).   In accepting the payment, the Minister of Finance…