Governor of the Central Bank of Solomon Islands Dr. Luke Forau calls on the government to strictly manage the finances allocated for the 2023 Pacific Games to avoid huge financial pressures. Dr Forau made the call in his macro-economic update recently.
More than one hundred tons of crude Noni juice worth more than $SBD600 thousand dollars from North West Guadalcanal will be destroyed this week. The rejected Noni juice which left idle for two years at the North West Guadalcanal Processing Facility in Lunga after a long stand-off between the MP for…
The Government’s Economic Stimulus Package Oversight Committee has clarified the cause of delay for approving projects under the Economic Stimulus package.
The Central Bank of Solomon Islands’ (CBSI) latest preliminary growth forecast for this year indicates the country’s economy will fall by minus 3.9 per cent. This is lower than its initial projections of up to minus 5 percent.
The $20 million dollar stimulus package to Solomon Airlines might not keep the State-Owned Enterprise operational up to the early next year. That is if the COVID-19 pandemic situation in the country and international travel restrictions remain unchanged.
Fisheries sector should be prioritized to sustain the country’s shrinking economy says local economist, and former Solomon Islands Prime Minister, Gordon Darcy Lilo. Mr Lilo told SIBC News in an exclusive interview this week.
The Solomon Islands Government is preparing a stimulus package to cushion the negative impacts, coronavirus pandemic has on the local economy. Prime Minister Manasseh Sogavare announced this during his nationwide address on COVID-19 updates last Friday.
Solomon Islands shrinking Economy projected at negative -3% to -5% Growth IMF Debt Relief given to Solomon Islands The Central Bank of Solomon Islands (CBSI) has projected a negative three to negative five percent economic growth this year; a manifold challenge paused by the novel COVID-19…
The people of Rennell urges the national and provincial governments to suspend logging and mining activities in west Rennell. Former Premier of Rennell and Bellona Province, Timothy Johnston made the call following continous mineral shipmentcoming in and out of Rennell despit the COVID-19 State of…
The country’s economic mainstay, log export is expected further fall by July this year. Finance Minister Harry Kuma made the statement when referring to a recent assessment conducted by the International Monetary Fund, IMF.
The downward movement in the global economy could create a significant decline in real GDP of between minus 3% to minus 5% this year. The Central Bank of Solomon Islands said, the speed and extent of the Coronavirus pandemic around the world has made it necessary to revise its near-term growth…
The Solomon Islands Tourism Industry is projecting an eighty to ninety percent drop in its revenues as well as international tourist visits. Solomon Islands Visitors Bureau Chief Executive Officer, Josefa Tuamoto told SIBC News in an exclusive interview. Mr.
Central Islands Province becomes the second Province to achieve a historic milestone in financial accountability, joining Isabel Province. This was announced by the Ministry of Provincial Government and Institutional Strengthening after the Auditor General of Solomon Islands issued a clean sheet…
The Solomon Islands Chamber of commerce and Industry (SICCI) has called on its members to brace for tough times ahead. SICCI Chairman, Jay Bartlette made the call following the economic outlook amidst the outbreak of the deadly coronavirus worldwide, which is now shrinking global economies…
The National Government through its Livelihood Sector Committee is working to ensure people’s livelihood is properly managed following the declaration of emergency orders last week. There were keys areas identified in Government’s Consolidated Situation Report Number 02 issued yesterday.
The Solomon Islands Customs has collected more than $1billion dollar in the past 6 months, despite the alleged corruption issues going on within the organization, currently under review. This is a 9 percent increase from its targeted revenue collection for 2019.
Solomon Islands has witnessed successful growth in its economy last year by 3.9 percent up from 3.7 percent in 2017. The Governor of Central Bank of Solomon Islands, CBSI, Denton Rarawa, announced the growth estimates at the launch of the CBSI 2018 Annual Report today in Honiara.
The Government is currently boosting efforts to reform the forestry sector to ensure the country gains maximum benefit from its forest resources, against the backdrop of a slowing industry.
Solomon Islanders are advised to take ownership of the country’s currency especially the handling of notes and coins. Chief Manager for Currency and Banking Operations at the Central Bank of Solomon Islands, Daniel Haridi reiterated.
The Central Bank of Solomon Islands is predicting a 3.4 % growth in the Country’s Economy this year. The increase is expected from fishing, construction, tourism, and Agricultural sectors.
