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…

New air service agreements with Turkey, UAE 

THE Solomon Islands Government has signed historical air service agreements with the governments of the United Arab Emirates (UAE) and Turkey, the Prime Minister’s Office said. Minister of Communication & Aviation Peter Shanel Agovaka signed the agreements recently which now open up the opportunity for both countries and their designated carriers to formalise services between…