NPF’s credit bank approved

MEMBERS of the Solomon Islands National Provident Fund (SINPF) will soon have access to loan and other credit scheme. This follows the granting of an interim license to Solomon Finance Limited (SFL) to operate banking service in the country. SFL is a subsidiary of SINPF, a statement from SINPF said.  “The Central Bank of Solomon…

CBSI warns public against bitcoin

THE Central Bank of Solomon Islands (CBSI) has warned the public that cryptocurrencies (i.e. virtual or digital currencies such as bitcoin, etherium, ripple, and others) are not currencies issued or regulated by the Central Bank. In a statement, Thursday, CBSI said these cryptocurrencies do not have any legal tender status to be accepted as a…

New country head for ANZ Solomons

ANZ on Wednesday announced Martin Beattie as the newly appointed Country Head for its ANZ operation in Solomon Islands. Tessa Price, Regional Executive Pacific said: “Solomon Islands is on the cusp of huge economic change, with a number of major infrastructure projects planned. As the only international bank, it is a great privilege for ANZ to…

PM welcomes Chinese investors 

Prime Minister (PM) Manasseh Sogavare has stated he welcome chinese investors to the Solomon Islands.  During his official visit to Beijing, the PM met with various Chinese inventors such as China Railway Group and Bright Foods Limited.  The PM acknowledged the rich natural resources of the Solomon Islands and stated that the country has a…