Huge demand for POB’s new product

Pan Oceanic Bank (POB) has experienced an influx of customers  inquiring about the new Lifeline Product for Micro, Small and Medium sized, businesses in Solomon Islands. Since the launching last week the general public have been visiting the POB’s office at the Hyundai Mall and Panatina Plaza. A statement from the bank said, Pan Oceanic…

New deal signed here

THE Central Bank of Solomon Islands (CBSI) and the United Nations Capital Development Fund (UNCDF) signed a partnership agreement yesterday to jointly carry out a range of activities to further enhance, broaden and deepen financial inclusion here. The partnership agreement was signed by Governor Denton Rarawa of the CBSI and Judith Karl, Executive Secretary of…

Four eye Gold Ridge mine

FOUR foreign mining companies are currently eying Gold Ridge Mine with interest to re-open the defunct mining operation. Chairman of Gold Ridge Community Investment Limited (GCIL),a local partner in the mining operation,Walton Naezon said the prospect ahead is to select a potential bidder and re-start mining operations again hopefully by  early next  year. The mining…

BSP commits to acquire Westpac here

BSP Chairman Sir Kostas G. Constantinou, O.B.E has has on Tuesday announced that BSP remains committed to the acquisition of Westpac’s banking operations in the Solomon Islands. A statement from the Chairman said, BSP is working closely with the Central Bank of Solomon Islands (CBSI) to obtain the necessary approvals and discussions with the Central…

SIPA imposes new tariff

THE Solomon Island Ports Authority (SIPA) has implemented its new gazetted ports tariff as of 1st of September. Chief Executive Officer (CEO) for Solomon Island Ports Authority (SIPA) Collin Yow, revealed this during a press conference held at his office yesterday afternoon. Mr Yow said, the new tariff increase was gazetted on 1st of September…