Malaita Bank endorsed

The Malaita Provincial Government is taking the idea of having a Malaita Bank seriously. Malaita Bank is one of the agendas endorsed by the Malaita Provincial Government in an extraordinary meeting on Thursday. Premier Daniel Suidani said it is high time that Malaita must establish its own financial institution to depend on. The Premier said…

ESP report to be presented early 2022

The Minister for Ministry of Finance and Treasury (MoF) stated he will bring the full implementation report on the Economic Stimulus Package (ESP) before Parliament in early 2022. Minister Harry Kuma highlighted this in Parliament during the Motion of Sine Die on Wednesday. “At present the monetary program implementation is currently being done and I…

ANZ donates AUD$100k

ANZ Bank has announced it would donate AUD100,000 (SBD800K) to the Solomon Islands rebuild, including some funds previously announced for COVID19 relief. This was revealed by ANZ Solomon Islands Country Head, Martin Beattie, in a statement yesterday. “The Solomon Islands has had a turbulent history but it is a proud country and we truly believe…

HyperChem opens its doors despite motion

HYPERCHEM Pharmacy in the heart of Honiara’s Point Cruz remains open, despite the limited movement of people in town when the Motion to oust the Prime Minister was debated, Monday. According to the outlet’s Manager and Owner, Debrelynne Alorro, unlike many other businesses that decided to close their doors on that day, they have decided…

International arrivals here continue to drop 

INTERNATIONAL arrivals into the country for the third quarter of 2021 has further decreased compared to the second quarter, with 82 people recorded. The National Statistics Office released the latest report on Monday 6th December 2021. Government Statistician Douglas Kimi said the total number of arrivals showed a decrease of 88.9% compared to the previous…

Report buses, shops for over-pricing

The Honiara City Council has encouraged those who experienced unfair pricing or being overcharged by buses or taxis (public transport) to contact the Law Enforcement Unit for further action. There have been reports that certain shops have hiked their prices very high following last week’s riots, whilst in one case, a bus had increased its…

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…