The Government is working on a rural development policy and its accompanying legislative framework that will see the participation of rural people in economic activities especially in the productive and resource sectors.
The International Monetary Fund’s (IMF) preliminary findings on the country’s economy has reported an economic growth rate of 2.5 percent for this year. IMF Mission Chief of the Solomon Islands, Masafumi Yabara confirmed this in a media conference yesterday.
High cost of living has been a problem in Solomon Islands for many years now. Opposition Leader Hon Matthew Wale highlighted during his Budget Debate speech in Parliament on Monday this week.
At its monetary policy meeting on 22nd September 2022, the Board of the Central Bank of Solomon Islands (CBSI) decided to adopt an accommodative monetary policy stance, geared more towards taming inflation for the next six months.
Fuel users across the country will experience a drop in fuel prices as of 1st September 2022. Petrol is expected to reduce by $1.50 while diesel is estimated to reduce by $1.51.
Papua New Guinea and Pacific Islands World Bank Country Director, Stephen Ndegwa has paid a courtesy call on Prime Minister Hon. Manasseh Sogavare. During the meeting, the World Bank country director Stephen Ndegwa and Prime Minister Sogavare discussed World bank IDA20 priorities and World Bank’s…
A delegation of seven officials led by Mr. Uesugi, the Parliamentary Vice-Minister for Foreign Affairs of Japan, visited the Honiara Airport project site on Tuesday, April 26th.
The Ministry of Education and Human Resources Development (MERHD) has allocated 565.1 million dollars for its Payroll Charges for this year, which is an increase of 9.4 million dollars or 1.7% from last year. Minister for Education and Human Resources Development, Hon.
The Permanent Secretary (PS) of Ministry of Finance and Treasury (MOFT) Mckennie Dentana refutes claims by Alfred Sasako in the front page of Solomon Star article published on Tuesday 29th March that the Government is in Financial Distress and have hit rock bottom.
Based on recent assessments of economic conditions and outlook, the Central Bank of Solomon Islands Board in its meeting on 10th March 2022 deemed it appropriate to maintain an expansionary monetary policy for the next six months to ensure an incipient recovery takes hold.
The National Consumer Price Index (CPI) rose 0.4 percent to 107.8 in December 2021. Releasing the bulletin on Wednesday 9th March 2022, Government Statistician Douglas Kimi said through the year, compared to the same month in 2020, the National CPI rose 3.5 percent.
Parliament yesterday approved the authorisation of over $900 million in consolidated funds following last week’s civil unrest. When moving the Motion to Approve Authorization of Expenditure in Advance of Appropriation yesterday, Minister of Finance and Treasury Harry Kumar said the funds are…
The Central Bank of Solomon Islands (CBSI) has conducted an initial impact assessment overthe damage to the economy caused by the recent unrest and riots in Honiara since Wednesday.
Locals working under the Australia Pacific Labour Scheme and Seasonal Workers Program have remitted or sent around 72 million Solomon dollars back into the country. Permanent Secretary Ministry of Foreign Affairs and External Trade, Collin Beck told SIBC News.
AUD5.2 MILLION DOLLARS WORTH OF GOLD ILLEGAL DEAL Nearly 80 Kilograms of gold worth around AUD 5.2 million (SBD30 million) dollars has been exported out from the Solomon Islands by Asians through local gold dealers license, Primo Kenny and Jeremy Rex of Guadalcanal.
The Ministry of Mines, Energy and Rural Electrification (MMERE) and Solomon Power today signed a SBD$6.7 million agreement for the construction of an 11kV Transmission Line Project that will see 141 homes in Central Guadalcanal have access to electricity.
The Government of Japan today signed an Exchange of Notes with the Government of Solomon Islands for a grant aid of SBD$29 million that will go towards a Geology Laboratory and Solar Street Lights for Honiara city.
The current government’s cash flow problem is only temporary, says Permanent Secretary for the Ministry of Finance and Treasury McKinnie Dentana. Mr. Dentana made the clarification in a media conference yesterday.
The Operation Island Chief, a Pacific Islands Forum Fisheries Agency-led (FFA) surveillance operation covering 18.4 million square kilometres ends today. FFA says the Operations have enhanced actions to tackle the illegal, Unreported, and Unregulated fishing activities in the Pacific waters.
Rural Farmers has called on the government to re-establish Agriculture sub-stations across the country to keep track on Agriculture activities, as well as to monitor the spread of invasive pests like Giant African snail and coconut rhinoceros beetle.
