IT’S 15% INTEREST

THE Solomon Islands National Provident Fund (SINPF) has awarded its members with another handsome interest. Minister of Finance and Treasury Rick Hou at the advice of the NPF board announced a 15 percent interest to be awarded to members for this financial year. NPF normally announces the crediting interest rate awarded to members at the…

NPF eyes investment bank

AS a result of high risks associated to members’ funds, the Solomon Islands National Provident Fund (SINPF) is eyeing various risk mitigating factors one of which is setting up an investment bank. Chairman of SINPF Baoro Laxton Koraua revealed this when he outlined investment plans of NPF yesterday during the announcement of this year’s interest…

Lawyer admitted to BAR

A LAWYER from the Office of the Director of Public Prosecutions (ODPP) is now a member of the Solomon Islands BAR association after being admitted to the group in the High Court. Jasper Highwood Anisi took his oath before Chief Justice Sir Albert Palmer. He is among three others working with the ODPP to have taken…

Our challenge is investing your money responsibly: Koraua

THE Solomon Islands National Provident Fund (SINPF) board chairman admits investing members’ money amidst external influences is a challenge. Speaking during the declaration of interests to NPF members’ savings yesterday, Baoro Laxton Koraua there are factors that are beyond the capability of NPF and the board that contributes to the challenges. “The real challenge for…

Sentence on forgery case delayed

NO sentencing submissions have been made yesterday on the forgery case involving the cashing of a government cheque of more than $50,000. The submissions were not made because the presiding judge was said to be busy with other official duties, therefore a new date for the sentencing submissions. The case is awaiting the sentencing submissions…

Suibaea concern over airport closure

Malaita premier Edwin Suibaea has raised concern over the closure of the Gwounaru’u airport which affected a lot of essential services of the province. Speaking to this paper in an interview Suibaea said the closure of the airport has caused a lot of problems especially with health services, the business sector, investor activities, tourism and…

Land issue delays uni plan

Construction work on the new Anglican Church of Melanesia’s university on Central Guadalcanal has been delayed. General secretary of the Church of Melanesian (COM) Abraham Hauriasi said the development of John Coleridge Patteson University has been put on hold due to land issues. “We should have the ground breaking ceremony last year but due to…

Fund plans to diversify investment

BECAUSE of various pressing factors that will negatively affect returns to the Solomon Islands National Provident Fund (SINPF) members, plans to diversify investments are in the pipeline. Chairman of SINPF Baoro Laxton Koraua said although the fund currently have a high level of cash holding both in local and offshore banks, there’s still little return…

Green Tourism’s holiday package to be launched

The Green Tourism Solomon Island Ltd (GRTSI) will officially launch a holiday package to Florida Island next month. The holiday package will be unveiled on July 15 and will end on October 15 as trial in the local market. Green Tourism managing director Michael Tokuru revealed this during an operators meeting held at the Roderick…

MMF maintains resignation call

Malaiata Ma’asina Forum (MMF) has called on the chairman of the Solomon Islands National Provident Fund (SINPF) Baoro Laxton Koraua to resign. MMF president Charles Dausabea said the current NPF board chairman should be sacked on the grounds on what he claimed as poor leadership and mismanagement of members’ contributions. Mr Dausabea was referring to…