October 2017

4 arrested on east Honiara armed robbery

POLICE in Honiara have arrested four suspects in connection with an alleged armed robbery at the Panatina Ridge, East Honiara The incident occurred on Friday morning, October 13, during which thieves took off with cash and property worth more than…

Farmers slam beche-de-mer prices

BY BEN BILUA LOCAL Bechdemer farmers have expressed their disappointment over the local buying price of beche-de-mer, claiming the prices are very low compared to the international market price. In an interview with this paper, resource owner from Ontong Java…

SI economy highly vulnerable to credit negative shocks

BY CAROL-ANNE SULEGA SOLOMON Islands’ very small economy (nominal GDP of $1.1 billion in 2016) offers limited scope for diversification of economic activity and leaves the sovereign highly vulnerable to credit negative shocks. This is according to Moody’s Investor Services.…

Gov’t cash drops

SIG cash balance falls this year, revenue lower than expected: Moody BY CAROL-ANNE SULEGA MOODY’s Investors Services has admitted that the Government’s cash balance has fallen to low levels this year, revenues have come in below expectations, but still expects…