The Asian Development Bank (ADB) has approved $20 million to help the Government of Solomon Islands combat the coronavirus disease (COVID-19) and its impact on the country’s economy. The support comprises a $10 million concessional loan and a $10 million grant and will go toward preventing the disease from entering the country and for mitigating…
SOLOMON Islands National Provident Fund Board (SINPFB) says it has purchased the remaining $60 million of the government’s $120 million COVID-19 development bond on Friday 19 June 2020. The other $60 million were earlier purchased by Solomon Islands Electricity Authority (SIEA) and Solomon Islands Ports Authority (SIPA). In accepting the payment, the Minister of Finance…
The Solomon Islands Chamber of Commerce and Industry (SICCI) acknowledges the Solomon Islands Government and its relevant bodies for taking into consideration requests from businesses in regards to travel restrictions and the impacts. Following the Gazette on 12 May 2020, the Chamber is now involved in the exempting of shipping vessels from mandated quarantine periods…
THE Development Bank of Solomon Islands (DBSI) Act clearly stipulates the selection process and criteria upon which members of the board of the bank are selected and how loans are processed and approved compared to the previous DBSI. This statement was revealed in a press conference by the Permanent Secretary for the Ministry of Finance…
THE first and central on the policy development towards the revitalisation of the Development Bank of Solomon Islands (DBSI) is ensuring that the problem experienced by the previous operation of the bank is not repeated. This was revealed by the Minister of Finance and Treasury Harry Kuma in his opening remarks at the official opening…
Sogavare launches DBSI By ANDREW FANASIA WHILST so much skepticism was echoed in the media leading up to the formation of the bank, Prime Minister Manasseh Sogavare had officially launched the Development Bank of Solomon Islands (DBSI). “My fellow Solomon Islanders, this is your bank,” Sogavare uttered during his official remarks yesterday. Rural communities now…
Solomon Islands companies surveyed by IFC, a member of the World Bank Group, have all experienced an impact from COVID-19 on their businesses, with 89 percent of them experiencing a reduction in demand and 78 percent a reduction in turnover or cash flow. IFC surveyed nine Solomon Islands companies from the Waka Mere initiative during…
BUSINESSMAN Toata Molea Sunday launched his new gas service called DIDDS GAS near his refueling station next to the Bread Bank head office at Kukum. The new cylinder gas bottles, which are all painted in yellow, comprised of two sizes – 4.5KG and 9.0KG. Refueling of the two sized gas cylinders when empty will cost…
A NEW office has been opened for the National Provident Fund’s youSave saving scheme, Monday. It was located on the ground floor of the Anthony Saru Building in Honiara. “This is a milestone achievement for youSave since its inception in 2017,” says Tony Laugwaro, the scheme’s acting manager. youSave is a saving scheme established for…
THE first repatriation flight into the country to bring home our nationals who are stranded in Australia and Fiji as a result of flight closures due to covid-19 has been confirmed for May 26. Chairman of the Camp Management Sector Committee who is also part of the Government’s Covid-19 Oversight Committee Karl Kuper confirmed this…