MULTI-MILLION WATER PROJECT

CONSTRUCTION of Solomon Water’s multi-million dollar Kongulai Water Treatment Plant and Pipeline Project will commence in May 2021. A statement from Solomon Water said the project will be financed by the Asian Development Bank (ADB) and World Bank (WB) and tenders are now invited for the construction of the project. The project works will include…

Pit removal exercise progresses

THE Gold Ridge Mine Pit removal exercise which is part of the recommissioning process of the country’s only gold mine in Central Guadalcanal is progressing well.  A statement from Gold Ridge Mining Limited (GRML) said the removal of illegal settlers in the mining leased areas especially in the mining pits has recommenced in early October…

DBSI lending roll-out continues

THE Development Bank of Solomon Islands (DBSI) continues to lend money to borrowers regardless of the negative impacts of COVID-19 on the local economy since the bank’s inception in June this year. The Minister of Finance and Treasury, Harry Kuma announced this positive development in Parliament yesterday in response to a question from Member of…

SICCI meets with Japanese Ambassador

The Solomon Islands Chamber of Commerce and Industry (SICCI) expressed its appreciation to the Government and the people of Japan for their continuous support to infrastructure development in the Solomon Islands. Members of the SICCI Board and Chief Executive Officer (CEO), Ms. Natalina Hong paid a courtesy call to the Japanese Ambassador to the Solomon…

Inflation drops by 0.7% in August

The National Consumer Price Index (CPI) has dropped 0.7 percent to 105.1 in August 2020 and rebounded by 0.3 percent to 105.4 in September 2020. The Solomon Islands National Statistics Office (SINSO) revealed in its latest NCPI statistical report. Releasing the NCPI report on Friday 27th November, Government Statistician and Census Commissioner, Douglas Kimi said…

GRCLC calls for review of agreement

THE Gold Ridge Community and Landowners Council [GRCLC] has called for an urgent review of a subsidiary agreement it signed with Gold Ridge Mining Ltd in 1996. Among other things, the agreement provides for $10 million in infrastructure community projects such as roads and water supplies over five years from 1996. That’s $2 million a…

Logging picks up

LOGGING performs stronger than expected in the third quarter despite global restrictions as a result of the COVID-19 pandemic. This was revealed in parliament by the Minister for Finance and Treasury Harry Kuma. Logging is one of the country’s key exportation commodities. He said logging shipments have been strong, recording 1.7 million cubic metres of…

Lands revenue records surge

REVENUE collection by the Ministry of Lands, Housing, and Survey (MLHS) through land rentals over the years continue to increase and this year is expected to be highest in eight years. This was revealed by the Commissioner of Lands Alan McNeil in an interview with the paper. “Ministry of Lands revenue collected from land rents…