Credit Corp PNG posts profit

THE Credit Corporation (PNG) Ltd has reported a K85.20 million operating profit for last year, up K4.66 million from the previous year’s K80.54 million. The consolidated results for the year ended December 31, 2013 were released last week by Garth Mcllwain, chairman of the board. Total assets posted was K1.042 billion at year end, up…

Our Telekom applauded

CONCERNS Citizens group, Forum Solomon Islands International (FSII) has praised Our Telekom’s continuous roll out program to the country’s rural communities. FSII in a statement said it applauds Our Telekom for taking the lead to connecting our rural communities to the world.    “Today you can get connected to the outside world through your finger…

SICCI proposes more provincial outreach

The Solomon Island chamber of commerce and industry (SICC) is planning to conduct more provincial visits to every business sectors throughout the country this year. SICCI chief executive officer (CEO) Jerry Tengemoana revealed this following a successful visit to the Western province last week. Mr Tengemoana said the aim is to meet and discuss with…

Trade development critical our economic growth

The Enhanced Integrated Framework (EIF), a multi-donor programme which supports the Least Developed Countries (LDCs) in addressing supply side constraints, continues to be an important mechanism for Solomon Islands to boost economic growth through trade and should be maintained in the future. This was reaffirmed by the Solomon Islands Minister for Foreign Affairs and External…

SICCI visits Western province

A team from the Solomon Island chamber of commerce and industry (SICCI) recently visited Western province as part of its provincial business outreach program. SICCI chief executive officer (CEO) Jerry Tegemoana described the visit as successful and comprehensive. During the tour they visited Munda, Noro and Gizo where they met with provincial government officials and…

Tourists’ arrival to pacific steady

TOURIST arrivals into the Pacific have been steady. Aspects of globalisation, such as the proliferation of a competitive airline industry and the ability to compare resorts, destinations and countries have driven down costs, making travel cheaper and helping discover new treasures in the ocean. Data is sparse across the region, however the World Bank estimates…

Central Bank hosts mobile banking forum

The Central Bank of Solomon Islands (CBSI) is hosting the first ever forum on mobile and branchless banking in the Solomon Islands to gauge the current trend of these new forms of banking services in the country. The forum is being chaired by the Governor of CBSI Mr. Denton Rarawa, and includes the participation of…

PNA discusses need to keep control of tuna supply

PNA – The Parties to the Nauru Agreement (PNA) closed its annual officials meeting Friday after discussing ways to control tuna supply and therefore increase economic returns to Pacific countries.  The PNA meeting opened with presentations from key industry players in tuna in the Pacific region. Phil Roberts of TriMarine International underlined the need for…

Samoa’s chamber wants tax reforms

Samoa’s Chamber of Commerce has urged the Government to undertake key tax reforms to boost investment. Those recommendations were made as part of a suite of private sector suggestions to build exports during the annual Private Sector and Government Budget Forum.   Chamber President, Namulau’ulu Sami Leota emphasised the need for Government to engage in…