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 National Provident Fund, SINPF, has offered to assist its members as a way to assist the government in its efforts to counter the likely effects of COVID-19 if it enters the country.
Honiara based Civil Society Organizations (CSOs) have condemned the proposed action of the Honourable Minister of Finance and Treasury, Mr. Harry Kuma, for attempting to solicit the 100USD Billion from China.
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.
The Government’s policy to re-establish the Development Bank of the Solomon Islands has been fulfilled. A Government statement said this is apparent with the setting up of the office space selected for its Head office at the renovated Anthony Saru Building in Point Cruz, Honiara.
CBSI warns of another pyramid scheme in Solomon Islands Honiara, Solomon Islands. The Central Bank of Solomon Islands (CBSI) is strongly advising the general public to avoid investing in a new pyramid scheme that is currently being promoted as “One Link Pacifica.” CBSI and the Solomon Islands…
The Core Ministerial Coordinating Committee, CMCC, within the Prime Minister’s Office will bring a cabinet paper of resolutions to the Cabinet for consideration and commitment to the 2020 Budget.
The Solomon Islands National Provident Fund (SINPF) has announced an 8.5 percent crediting rate to its members today. Vice Chair of the SINPF Board, Dr. A’aron Oritaimae made the announcement at the Heritage Park Hotel in Honiara.
The country’s legal Minimum Wage has doubled, effective 1st of August 2019. The increase was based on recent submitted salaries and reports. This was confirmed by the Minister responsible for Commerce, Labour and immigration, Clezy Rore.
The Deputy Prime Minister and Minister for Finance and Treasury-Hon Manasseh Sogavare has presented the government’s budget of 3.926 Billion dollars for 2019. Mr Sogavare announced yesterday while presenting the ‘2019 Appropriation Bill 2018’ in Parliament.
Central of Bank of Solomon Islands Governor, Denton Rarawa was pleased with the fruitful outcome of this year’s Board of Governors Meeting. Mr Rarawa led a Solomon Islands delegation to the meeting convened in Bali, Indonesia early this week with the World Bank and International Monetary Fund, IMF,…
Portfolio investments of the Solomon Islands National Provident Fund are expected to grow by more than seven percent by the end of this financial year. NPF Chair, Peter Boyers disclosed this at the credit rating announcement over the weekend.
Member of Parliament for Aoke/Langalanga Matthew Wale is concerned that Parliament has been misled about the state of the Government’s finances. In Parliament this morning, Mr Wale said the Ministry of Finance and Treasury might have taken a deliberate policy decision not to inform Parliament of…
The number of national taxpayers will likely increase with the rollout of a digital tax system through the Ministry of Finance and Treasury’s Inland Revenue Division.
A tax review consultation programme will be launched in Honiara this Friday. Minister of Finance and Treasury, Hon. Snyder Rini will launch the consultation programme.
Permanent Secretary of the Ministry of Finance and Treasury Mr Harry Kuma has successfully launched the new $20.00 note. Speaking during a brief launching ceremony, Mr Kuma said he is very pleased to officially launch the new $20.00 note on behalf of the government of Solomon Islands.
The introduction of new banknotes into the country’s money system is part of efforts by the Central Bank of Solomon Islands to counter fake notes entering our money system. Public Relations and Communication officer of the Central Bank, Uriel Matanani told SIBC News.
Solomon Islands through its premier financial institution – Central Bank of Solomon Islands has spent about $500,000,000 from its reserves to purchase the new $20.00 notes. Chief Manager, Currency and Banking Operations of Central Bank of Solomon Islands Mr Daniel Haridi reveals.
A People’s Alliance Party (PAP) meeting in Honiara has been told State legislations have for many years continued to deprive Solomon Islands billions of dollars of export earnings from its resources.
The World Bank (WB) has offered to give more financial and advisory support to Solomon Islands within the next three years. A government statement said Word Bank Vice-President, East Asia, and Pacific Region, Victoria Kwakwa made the offer when she met Prime Minister Manasseh Sogavare at his office…
