By Sharon Nanau The Central Bank of Solomon Islands (CBSI) launched the Solomon Automated Transfer System (SOLATS) in Honiara on Monday. Funded by Australia and New Zealand through the International Finance Corporation, a member of the World Bank, SOLATS is a real time gross settlement payment…
A local planning scheme consultation program was successfully completed in the Townships of Noro and Munda in Western Province last month. The program which convened from 19-27 February brought together key stakeholders from the Ministry of Lands, Housing and Survey (MLHS) and representatives from…
The Central Bank of Solomon Islands (CBSI) is pleased to announce the introduction of a new security technology embedded in the latest reprints of the nation’s $100 and $50 banknotes.
Acting Prime Minister Manasseh Maelanga has commended Our Telekom for launching its new mobile banking service called M-Selen in Honiara today. The new product will enable easier access to financial services besides existing ones by other providers. Speaking at launch at the Coral Sea Resort Hon.
The International Monetary Fund (IMF) has forecasted the country’s revenue trend to be weak with the decline in logging exports. Speaking to the local media today, IMF representative (Mission Chief of the Solomon Islands) Masafumi Yabara said it will be a challenge for the country to see another…
The Ministry of Finance and Treasury has clarified that all government outstanding payments owed to various goods and services providers last year were cancelled.
The government’s total Budget expenditures for 2022 is $4.531 billion. Of this amount, the total recurrent budget is estimated at $3.050 billion. This consists of payroll budget of $1.363 billion, $1.666 billion for Other Charges, and $20 million in Contingency Warrants.
The Central Bank of Solomon Islands (CBSI) is again warning the general public to be careful over personal finances, or your cash money from shady schemers and scammers going around this festive season.
Eighteen women and girls today completed a three-week financial literacy training which now gives them skills to manage finances responsibly and achieve financial well-being.
The Solomon Islands National Provident Fund (SINPF) has awarded a 6-percent crediting rate to its members as of today, 30 September 2021. The 6-percent crediting rate is equivalent to a total interest of $168,612,861 which will be credited to members’ accounts.
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 long delay of the vacant Auditor General’s post raises more questions, says Leader of Opposition Hon. Matthew Wale. Mr. Wale says the position is established by section 108 of the Constitution as an independent office mandated to audit public accounts and monitor government finance related…
The Ministry of Commerce, Labour, Immigration and Industries (MCLI) has signed a 10-Million dollar funding agreement with the Development Bank of Solomon Islands (DBSI) to support the Micro Small Medium Enterprises (SME’s) in the country.
The National government and the Central Bank of Solomon Islands have launched the National Financial Inclusion Strategy 3 this morning. The launching is in parallel with the announcement of the Inclusive Digital Economy Scorecards (IDES).
The government’s policy plans to freeze the recruitment process in the Public Service will affect the implementation of the 2021 budget. Leader of Opposition Hon Mathew Wale told parliament today during his debate on the 2021 Budget appropriation Bill. Mr.
The government is not transparent in its financing options for the planned deficit of 3-hundred million dollars estimated in this year’s budget, the Public Accounts Committee (PAC) told Parliament this morning.
The Central Bank of Solomon Islands has warned the public and communities of the currently circulating counterfeit notes. A statement from CBSI said it has received reports of counterfeit $100 notes with Serial No: A/10 297315 seized by a business firm operating in Honiara.
The Economic Stimulus Package implementation shouldn’t be implemented by the Prime Minister’s office as being the highest office in the country, says MP for East Areare, Peter Kenilorea Junior. Mr. Kenilorea said the PMO as the highest office that deserves to be respected.
The Central Bank of Solomon Islands (CBSI) has signed an agreement with the International Finance Corporation (IFC), to improve credit reporting in the country. This agreement will ensure an improvement in access to finance for people’s micro, small, and medium sized enterprises (MSMEs).
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…
