Our Telekom is 100% locally owned

Our Telekom is a 100 percent locally owned company. The company’s sales manager Robert Sizetu revealed this to Our Telekom stakeholders in Auki, Malaita province over the weekend. Mr. Szetu who believes that investing in a locally owned company is the way forward for Solomon islands. “Investing with Our Telekom is the right thing because…

Gold Ridge to restart within 18 months

AXF Gold Ridge Pty Ltd of Australia says it has secured additional investor funding to start the immediate recommissioning of the Gold Ridge Mine Project. “This investment will see mine production on track to start within 18 months,” a statement issued by the company on Wednesday stated. “In an unprecedented partnership arrangement, Gold Ridge Community…

Modernised taxation system to transform the tax and payment landscape in SI

Honiara, Solomon Islands – The Solomon Islands Inland Revenue Division (IRD) announced plans to modernize the Government’s Revenue Management System, vastly transforming the tax and payment landscape in the Solomon Islands. As a direct outcome of this modernization project, an estimated 123,800 wage and salary employees, 200 corporate taxpayers and 3,684 small businesses will be…

Be aware of fake banknotes

There is a notable increase of fake or counterfeit banknotes currently circulating within the country. The Central Bank of Solomon Islands (CBSI) has warned on Wednesday. In a statement, bank has once again advised the public to take heed of the illegal activity. CBSI advices the public to be mindful of these latest counterfeits. There…

CBSI confirms newest bank set to roll

THE country’s newest commercial bank BRED Bank Solomon Islands Limited is set to commence operation. This came after the bank was finally issued with its  authorization letter to start banking business in the country. The Central of Solomon Islands (CBSI) in a statement on Wednesday announced that BRED Bank Solomon was issued with the final…

IMPORT SCARE

Fiji live Cattle import queried, Ministry defends claims CLAIMS have surfaced from concerned cattle farmers in the country over the proposed live cattle import from Fiji, in fear of the deadly Brucellosis Disease. Brucellosis Disease is a bacterial disease found in the reproductive tracts of animals which can also be transferred to humans. It causes…

ABD Gives SIG US$15.4 Million

THE Ministry of Education and Human Resource Development (MEHRD) revealed that the government has secured US$15.4 million from the Asian Development Bank for the development of the USP fourth campus project in the country. The prolonged development of the project has received an encouraging progress and its ground breaking ceremony is scheduled for next month.…