DEVELOPMENT Bank of Solomon Islands (DBSI) says there are different types of loans that the public can access. DBSI Interim Chief Executive Officer (CEO) Tukana Borovo highlighted this yesterday when clarifying a statement made by a local farmer carried by this paper in its 18th June 2020 issue. Mr. Borovo said that in the article,…
The implementation of the Solomon Islands National Provident Fund (SINPF) Exemption Order has expired as of Tuesday. This means as from today, 1st July 2020 no new applications will be accepted, a statement from SINPF Media said. Implemented since 1st April 2020, eligible members who qualified under the exemption order were able to access part…
LOCAL kava farmers from Malaita have their hard work being paid off after selling their kava products to Kubonitu Holding by earning $84,680.00 early this week. The kava farmers from Bethany, Oneone village, Judea village, and Kwaina villages loaded their kava bags in the fast boat Express Pelican and arrived Monday afternoon in Honiara. Kubonitu…
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…