Category Economy

SCAM WARNING: Watch out for Stimulus Package scam

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The Economic Stimulus Package Awareness team under Office of the Prime Minister and Cabinet (OPMC) warns the public and people in rural areas not to accept any COVID-19 stimulus package paper work support in exchange for money from individuals. It…

Copra and cocoa subsidy implemented

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The Government through the Economic Stimulus Package Implementation Committee has yesterday signed a Memorandum of Understanding with Copra and Cocoa exporters. Chairman of the ESP Implementation Committee and Permanent Secretary of the Ministry of Finance and Treasury, Mr Dentana Makini…

SICCI responds to DBSI reformation

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 The Solomon Islands Chamber of Commerce and Industry (SICCI) today (Monday 15 June 2020) announced its support for the reformation of the Development Bank of Solomon Islands (DBSI).  “The re-establishment of DBSI is a positive move for the economy and…

CBSI eases Cash Reserves Requirement

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The Central Bank of Solomon Islands (CBSI) has made changes to the Cash Reserves Requirement (CRR) as part of its responses to the Coronavirus (Covid-19) pandemic.  Effective Monday 15th June 2020, the CRR has been eased from 7.5% to 5%. …