TOUGH RIDE AHEAD 

THE country’s economy has been hit hard by the negative impact of the COVID-19 pandemic since the outbreak past seven months ago. This will result in a negative (-) 4.1 percent economic growth by the end of this year. This was highlighted by the Minister of Finance and Treasury Harry Kuma during the second recording…

SENDING MONEY OVERSEAS WORRYING

IRD concerned with businesses remitting money overseas THE country’s Inland Revenue Division (IRD) is concerned with the continuous practice of remitting money overseas by some businesses which causes a huge impact on Government revenue. IRD Commissioner, Mr. Joseph Dokekana revealed this at an Information Session hosted by the Solomon Islands Chamber of Commerce and Industry…

Decline in log exports, slow revenue for SIG

LOGGING is still one of the country’s key export commodities but its contribution is expected to decline soon as log exports move to more sustainable levels. Minister of Finance and Treasury Harry Kuma made this statement when speaking in parliament on Tuesday. Mr. Kuma said logging activities were severely affected by COVID-19 trade disruption in…

ESP brings hope to Russells

RECENTLY established government’s Covid-19 Economic Stimulus Package (ESP) has brought much hope to rural farmers and fishers in the Russell Islands in the Central Islands Province.  This followed an awareness programme hosted at Louna Island on Sunday, a statement from Government Communication Unit said. Officials from the ESP awareness team headed by Member of Parliament…

Govt issues more fishing licenses

Govt issues more fishing licenses annually Types of fishing activities here Govt issues more fishing licenses annually   The Ministry of Fisheries and Marine Resources (MFMR) approved and issued between 180 to 235 licenses to foreign and local vessels fishing each year in the country over the past five years from 2014-2018. Director of Fisheries…

GOLD AWARD

Solomon Islands $5 Polymer banknote wins gold   THE newly launched Solomon Islands $5 polymer banknote has won a gold medal in the 2020 Print Industry Craftmanship Awards (PICA), an Australian Print & Visual Communication Association industry competition.  The Central Bank of Solomon Islands (CBSI) announced this in a media statement issued by CBSI Media…

Master plan for Auki-Bina corridor 

PLANNING is a legally mandated responsibility of Malaita Provincial Government (MPG) in relation to any development in the province including the Bina Harbor tuna processing plant. This statement was echoed by Premier Daniel Suidani during the signing of the historical memorandum of understanding (MOU) between the Malaita Provincial Government (MPG) and the Ministry of Fisheries…