The caretaker Minister of Finance and Treasury, Rick Hou has confirmed on Tuesday that the weaker economic growth outlook for this year has impacted government revenues.
The 2014 Supplementary Appropriation (No.2) Bill 2014 was passed without amendment in Parliament late yesterday evening. Minister of Finance and Treasury, Hon. Rick Hou says, the new Act is to appropriate an additional $187, 839, 564,000 to the service of the year ending 31st December 2014. Mr.
Despite having a zero percent growth in the country’s Gross Domestic Product, GDP, the agriculture and fisheries sectors are doing well, says Finance and Treasury Minister Rick Hou. Minister Hou told Parliament before the Supplementary Appropriation Bill No.
State Own Enterprises in the country has showed an average 10 percent return on equity in 2010 to 2012 compared to a return of negative 11 percent from 2002 to 2009.
The National Government has seen a number of achievements to date, says the Minister for Finance and Treasury, Rick Hou. Minister Hou made the statement in Parliament yesterday, when he presented the Government’s No. 2 Appropriation Bill for this year.
Taiwan has released the second payment for the “2014 ROC Funding Support to Solomon Islands”, but only for 45 constituencies. A media statement from the Embassy today says, Taiwan’s Ambassador to Solomon Islands Victor Te-Sun Yu formally released the second payment of SBD$13.5 million to Prime…
The Central Bank of Solomon Islands (CBSI) announced its Board has approved the Prudential Guideline No. 9: Complaints Management on 13th August 2014. A Media statement from the CBSI states, the guideline will come into effect early October after a 45 days implementation period.
Westpac Bank has opened its 20th In-Store Banking Service at the Rove fish market in Honiara, after reaching an agreement with the market shop owner Robert Sisilo recently.
The Central Bank of Solomon Islands (CBSI) says it will not tolerate the publication and spreading of misleading information that undermines public confidence in our financial system and that of customers of banks in the country.
Peoples participation in banking services is key to developing the country’s economy, says Westpac Bank Manager, Jeffery Pitamama. The Westpac Bank Manager made the statement at an event to launch Westpac’s In-store banking services at the Fishing Village in East Honiara today.
Intending candidate for East Kwaio, Alfred Sasako has called for the immediate dissolution of Parliament, saying the nation has reached the height of fiscal irresponsibility through abuse of public funds.
The NCRA Government has handed over the Prime Minister’s pledge of around $2.9 million to the Kilu’ufi Hospital in Malaita Province. When he visited Kilu’ufi Hospital on Christmas Day last year, Prime Minister Gordon Darcy Lilo made a pledge of $3 million for the hospital.
ANZ Bank has announced an agreement with the Australian Government to support the increased roll out of mobile banking and financial literacy programs to a further 65,000 Solomon Islanders previously excluded from traditional banking services.
The Minister for Finance and Treasury, Rick Hou says the Solomon Islands National Provident Fund will be reformed, but not by the current Government, whose term ends later this year.
Staff from business and government departments have participated in a training course on how to maintain and audit quality assurance systems that is required by overseas markets.
Auditor General, Edward Ronia has filed a case in the High Court, challenging his removal from office last year by the Public Service Commission. Michael Pitakaka of the MP Law Chamber filed the case on behalf of Mr Ronia.
Pan Oceanic Bank, POB, is inviting members of the public to witness and celebrate its grand opening next Friday. Chief Executive Officer, CEO, Nihal Kekulawela, says the public is welcome to celebrate the birth of a local bank in the country.
The Minister of Finance and treasury, Hon. Rick Hou says the reform of the National Provident Fund, NPF, Act is absolutely necessary. Announcing the NPF’s 15 percent crediting rate for the 2014 financial year, Hon. Hou says the government has included this reform as part of its priorities.
The Minister of Finance and Treasury, Hon Rick Hou has commended all parties involve on the recent court decision to convict and sentence Mr Wesley Poloso of the fake shipping company, Joke Shipping.
A study conducted by the National Financial Inclusion Unit of the Central Bank of Solomon Islands, CBSI, has found that Solomon Islands has a very low financial competency rate.
