WHILE lack of money prevented Solomon Islands from celebrating its 43rd Independence Anniversary on Wednesday, the Central Bank of Solomon Islands (CBSI) surprised everyone by easing restrictions on how much money can be sent overseas per transaction. Businesses can now send $1 million per transaction while personal transactions have been increased to $100, 000 per…
THE Economic Stimulus Package (ESP) which aimed to address the negative economic fallout of the pandemic continues to make its impacts in the country. Recently a local recipient of ESP from Marovo Lagoon has spoken highly of DCGA and its economic assistance to the local coconut industry through its Economic Stimulus Package (ESP) rollout. Elton…
Solomon Power and the Australian Infrastructure Financing Facility for the Pacific (AIFFP) have signed a USD22.7 million (SBD180 million) grant and loan financing agreement to build the 22km transmission system for the Tina River Hydro-power Project. The transmission system is the critical piece of infrastructure needed to enable the hydropower facility to supply power to Honiara. It will deliver…
THE Central Bank of Solomon Islands (CBSI) would like to caution members of the public of a fake new currency called “Sol York currency” as claimed by its promoters. In a statement on Monday, CBSI advises that there is no such currency in existence in the Solomon Islands except for the Solomon Islands Dollar. “CBSI categorically denies…
SolTuna Limited Marketing Manager Harry Kenwood on Tuesday highlighted SolTuna produces the best tuna in the world. Mr. Harry stated this during the handing over of the $50 thousand dollars promotion cash giveaway prizes to the winners in front of the SolTuna office, Point Cruz Honiara. “Our products, our tuna is one of the best tuna, I can regard…
AIPF SI Ltd’s victims to meet CBSI Intelligence Unit today INDIGENOUS victims of AIPF SI Ltd’s consultancy dealings will meet the Intelligence Unit of the Central Bank of Solomon Islands (CBSI) this morning, sources told Solomon Star last night. Many will be there to express their disappointment that the CBSI, has failed to protect…
SAPE Farm in the Guadalcanal plains is expected to export more cassava tubers from now until 2022, the farm’s Managing Director, Dr Paul Bosawai Popora said. The Government funded agriculture projects through the Ministry of Agriculture and Livestock (MAL), according to the ministry “is bearing successful results as its cassava tubers now exported overseas since…
APPROXIMATELY SBD $77M will be channeled through the Ministry of Commerce Industry Labour and Immigration, Ministry of Agriculture & Livestock and Ministry of Infrastructure Development for the implementation of the seven year, 3-phase revitalisation strategy of the Commodities Export Marketing Authority (CEMA). The CEMA Board and Management will be responsible for the implementation of the…
The Solomon Islands High Commissioner to Australia, His Excellency Robert Sisilo, and the non-resident Ambassador of the Kingdom of Morocco to Solomon Islands, His Excellency Mr Karim Medrek, signed two Memorandum of Understandings (MOUs) and an Agreement to enhance the countries’ bilateral cooperation in Canberra last week. The two MOUs are on diplomatic training and…
The Commodities Exports Marketing Authorities (CEMA) is stepping up its operation to re-engage in trading activities with local farmers in and around the country. This is following the launch of the CEMA Revitalisation and Recapitalisation Strategy 2021 – 2027 in Honiara yesterday, a statement issued by the Prime Minister Press Secretariat said. Chairperson of the…