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Our Telekom’s network lifeline for many in rural areas: Koraua

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Chairman of Our Telekom Board Mr Baoro Laxton Koraua making his remarks at the event.

BY NED GAGAHE

Our Telekom’s extensive network now present in all nine provinces has been instrumental in making financial services accessible to all Solomon Islanders, says Our Telekom Board Chairman Bauro Laxton Koraua.

Speaking at the commemoration of M-Selen one year anniversary, Chairman Koraua said since the establishment of M-Selen a year ago, the mobile banking services has enabled Solomon Islanders especially those in remote areas to participate in the formal economy.

Koraua said M-Selen has processed transactions worth over SBD$100 million and customers have collectively saved approximately SBD$21 million by avoiding going to bank branches or agents.

He said these savings represent not just financial relief but also time and effort that our people can now invest in more productive activities.

He adds that this impact is far-reaching, enabling better livelihoods and economic stability.

“This network is a lifeline for many in rural areas, offering them a gateway to participate in the formal economy.

“The impact of M-Selen goes beyond numbers. It is about driving economic growth, creating opportunities, and improving livelihoods.

“By supporting small and medium enterprises, fostering youth entrepreneurship, and enabling financial independence, M-SELEN is contributing to the broader economic development of our country.

“Small businesses, which are the backbone of our economy, now have access to financial tools that help them grow and thrive.

“Young entrepreneurs are finding new ways to innovate and create value within their communities.” Chairman Koraua said.

‘PROTECT PRIVATE SECTOR’

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Ricky Fu'uo. Photo supplied.

Fuo’o called on the Government of National Unity and Transformation (GNUT) to protect private sector

BY INDY MAEALASIA

MEMBER of Parliament (MP) for Central Kwara’ae Constituency,Ricky Fuo’o, has called on the Government of National Unity and Transformation (GNUT) to protect the country’s private sector.

During a parliamentary session last Thursday, Fuo’o highlighted the vital role played by the private sector.

“We hear that the private sector is the engine for economic growth; however, we have done very little to protect our private sector. Our private sector is a key source of revenue.” Fuo’o said.

Fuo’o proposed that the government prioritize local content policies (LCPs), which are government-imposed measures aimed at promoting the use of domestically produced services and resources.

 While acknowledging the success of the Sol2023 Pacific Games and former PM Manasseh Sogavare’s leadership, Fuo’o noted that it had little impact on the economy, attributing this to the absence of LCPs. 

“I believe there was not a lot of local content involved in all the infrastructure that has been built for the game,” he remarked.

“If local content policies were in place before the games, I believe we would have more ripple effects on our rural communities and our economy,” Fuo’o said.

Highlighting the current struggles many local businesses are facing to stay competitive, he emphasized the need for a “level playing field.”

“There has to be some sort of protection for our private sector; otherwise, they would be taken over and all services and goods would be supplied by foreigners,” he said.

Fuo’o  proposed initiatives such as reserving job opportunities for locals as well as setting thresholds where certain projects are exclusively allocated to local businesses.

“Our private sector and local businesses are here to stay; they have everything to lose in this country. They are not going to back up today and leave for another country,” he added.

Fuo’o told Prime Minister Jermiah Manele that, despite being on the opposite side of the house, he expressed willingness to work alongside his government. 

Decision time for Australia

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THIS month, Australia is at a fork in the road and must choose a direction. Premier Li Qiang’s visit really could be the best thing to happen to Australia, leading to more investments, more trade and more global growth in partnership with the developing world, or it could lead to the worst possible outcome, Australia deciding to restrict Chinese trade and investment.

As a result of a great deal of misleading media, many people in Australia now view China negatively. It is considered either increasingly hostile, increasingly influential or increasingly belligerent, but there isn’t a single mainstream media outlet which provides an accurate description of what China is to Australia, an increasingly important trading partner.

There can be no getting away from it, China is increasingly influential – Africa, Latin America, ASEAN, RCEP members as well as BRICS and BRI are all indicators of this. Interestingly, none of those countries see China as hostile or aggressive yet, through its influential media, think tanks and even political rhetoric, Australia does.

Australia’s choice this month is critical; work with China or don’t. The status quo isn’t working out well with Chinese investments falling. At the very least, China is the second largest economy in the world, by some measure, the largest; it’s also growing while others are receding or stagnating. This can’t be ignored but more importantly, China’s trade with the developing world is growing significantly too; Australia has resources, minerals, fuels and expertise that those countries need.

According to the World Bank, Global climate and environmental concerns, can’t be addressed without China; global growth in developing nations can’t be achieved without China; and Australia’s economic future, if it is to avoid becoming a third world nation, is totally dependent upon China’s involvement and China clearly wants Australia to be part of this.

Yes, there were some headaches but putting lobsters aside, those headaches have been resolved – we could argue and debate whether China was right, wrong, too aggressive or Australia was too impolite to its largest trading partner but we can put them aside as they are now all addressed and look at the reality of Australia’s relationship with China.

Some Australians think China is a threat as it’s poised to invade Taiwan, we disagree, China has made no plans, no announcements and no threats, but the US intelligence community believe it “might” happen. CIA Director William burns said, without offering any explanation, that he has “intelligence” that this “may” occur before 2027.

We can come back and debunk this in 2028 but, let’s assume for a moment that his “intelligence” is correct and China does invade, blockade or in some way forcibly take over the island province. How does that affect Australia?

Taiwan is Australia’s 9th largest trading partner with 33.6bn in two-way trade. Even if the People’s Republic of China is in charge there, that won’t change, Taiwan will still purchase and consume Australia’s coal, gas, iron ore and beef, so it shouldn’t be a problem for Australia. Paul Keating pointed out that Taiwan is not of vital interest to Australia. Australia wouldn’t be worried if China took over Kazakhstan, Nepal or Bhutan, it’s even less of a concern if they took Taiwan which Australia even recognises as part of China! The official policy of Australia is adherence to China’s One China Policy and recognises China in the United Nations as the One China, with Taiwan as part of it.

Here’s something else we don’t know because mainstream media won’t tell us but if we look, we can find it on the DFAT China page: in 2023, Australia’s trade with China GREW by 9.2%. Two-way trade with Australia’s largest trading partner is now $326bn; 10 times that of Taiwan and the US. No doubt Premier Li will be reminding his hosts that this is the case.

If we ignore mainstream media and look once more at DFAT’s pages, we find something else that mainstream media consumers wouldn’t expect to see in an official Australian government page: Hong Kong, “enjoys a high degree of autonomy”. Hong Kong is Australia’s 15th largest trading partner and is a Chinese city. If Australia risks losing China, it may lose HK too.

Many commentators described AUKUS as Australia’s last most important decision and one which indicated that Australia has made its choice. Australia was “allowed” to pick either USA as its security partner, or China as its trading partner and it chose security.

We disagree, the decision comes now, Australia will hope to maintain a good relationship with China and China will be happy to grow that relationship but, as John Mearsheimer pointed out, the USA will not allow Australia to choose China for trade and US for security.

If we’re looking for real risks, here are two:

  • the US, which sits at Number 5 on Australia’s list of trading partners is only 10% of Australia’s total exports and imports and cannot replace China as a major trading partner. As it stands right now, no other country in the world can;
  • The US holds controlling shares in banks, retail, agriculture, minerals and resources as well as many other facets of Australian life. If that’s not a worry, then nothing is.

China holds less than 2% of all foreign owned assets and is declining – there’s no doubt China wants more but with USA and UK holding 46% of all foreign owned assets, there needs to be some changes and that’s what Premier Li will be seeking.

Realistically, Premier Li’s visit is a great chance for a reset. The consequences of choosing US security over China’s trade, is the potential loss of about 30% of all international trade. It may be true that Australia will gain an enhanced perception of safety from a perceived threat but, without China as their major trading partner, there will be very little left to secure; if there’s very little left to secure, the US investors will need to look at returns on Australian investments and, if they do that, it could mean a death spiral for Australia’s economy.

As hard as this might be for some Australians to accept, China isn’t a threat to the economy, it’s a lifeline, perhaps even a hostage rescue.

–INDEPENDENT WRITER

Minister health says his constituency welcomes development

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BY INDY MAEALASIA

THE Minister of Health and Medical Services (MHMS) and Member of Parliament (MP) for North Guadalcanal, Hon. Paul Bosawai, said his constituency is open to development and investment.

Speaking in parliament, Hon. Bosawai described the North Guadalcanal Constituency as the best avenue for economic development to grow our national economy.

“It is evident we can contribute to the economy given our geographical location, accessing both domestic and international markets,” Hon. Bosawai said.

He spoke on previous and current economic activities such as the Tasimboko rice farm in the 1960s and the Guadalcanal Plains Palm Oil Limited (GPPOL) to demonstrate North Guadalcanal Constituency’s potential to contribute to the national economy.

Hon. Bosawai highlighted that, being a country that imports rice in large quantities, his constituency can venture into rice farming to cut down on importation.

“This is an opportunity for a domestic and international market, and this is the basis of our internal trade if we invest in the domestic manufacturing industry, he added.

Furthermore, he thanked the people of North Guadalcanal for their continuous contribution and willingness to keep the national economy afloat. 

Hon. Bosawai then pledged to work closely with the government on future plans in the agriculture sector.

“We are ready and looking forward to working closely with the Government of National Unity and Transformation and other donor partners to industrialize agriculture as an internal approach to grow our economy,” he said.

THE LONG WAIT

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Rick Hou. Photo supplied.

Small Malaita reminds govt of idea to split constituency

BY MORRIS NAFU

Member for Small Malaita Rick Houenipwela has called upon the Government to revisit the issue of constituency split, citing prolonged delays in addressing recommendations submitted several years ago.

Houenipwela made the statement in the floor of parliament yesterday highlighting the pressing need for action on the matter.

“It’s been years now and my people are still waiting,” he said.

He added saying South Malaita Constituency is one of the largest constituencies in Malaita province in terms of geographical and demographical wise and in terms of population.

Houenipwela confirmed the constituency leaders and community leaders have already mapped out alternative boundary however they have still waited on the authorities to carry on with the matter.

He then calls upon the Prime Minister to take on the issue on board and do appoint commissioner to work on the matter as soon as possible.

SICCI stresses importance of gov’t, private sector partnership for economic growth

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SICCI Chairlady Namoi Kaluae.

BY INDY MAEALASIA

THE Solomon Islands Chamber of Commerce and Industry (SICCI) has emphasized the important relationship between government and private sector in driving economic growth.

Delivering her remarks during the Prime Minister’s Breakfast at the Hertiage Park Hotel yesterday, SICCI Chairlady, Namoi Kaluae highlighted the importance of maintaining the relationship.

“The relationship is fundamentally important for economy growth and one that needs to function beyond political and commercial interest. Government and private sector are two fundamental parts of the economy. And I believe that the strength of the relationship is underpinned by our collective commitment to building this great nation, provide opportunities for our young people and to fully realize our growth potential” she said.

Coinciding with the launching of the Government of National Unity and Transformation (GNUT) 100-Days Program and policy statement, Chairlady Kaluae emphasized the need for collaborative efforts between the government and the private sector to address challenges and capitalize on opportunities for economic growth and development.

Chairlady Kaluae further reiterated SICCI is committed to support the Manele led government in policy dialogue, formation and implementation of their policies priorities.

She added that the private sector is dedicated to building a vibrant and resilient economy that serves the interests of all Solomon Islanders.

“Together, we can build a stronger, more prosperous nation for our future generation” Chairlady Kaluae said.

100- Days program and policy statement launched

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BY INDY MAEALASIA

THE Government of National Unity and Transformation (GNUT) has launched its 100- Days Program and Policy Statement prioritizing comprehensive development of the economy, good governance, human capital development and national unity.

Speaking at the launch during the Prime Minister Breakfast at the Heritage Park yesterday, PM Jeremiah Manele described the program as “a detailed and actionable plan” intended to kickstart GNUTs initiatives and immediate commitment to citizens.

“The program applies a series of targeted actions and measurable goals that we aim to achieve within the first 100 days of our administration, which starts today (yesterday). It serves as a testament to our readiness to dealing with prompt and effective governance” PM Manele said.

A strategic focus of the 100-days program is economic recovery, aimed to revitalize the country’s current ailing economy.

“The key focus areas of the 100-days program include number one, economic measures. The focus would be to enhance financial stability through strengthening tax compliance, tighten discretionary exemptions, review most relating to mining companies and ensure quality spending. The procurement process will also be monitored to ensure government purchases reflect value for money and quality outcomes” PM Manele said.

Other key areas under GNUTs 100-days program include;

  • Enhancing government transparency and accountability: Increase support to anti-corruption measures and ensure public access to information.
  • Boosting infrastructure, programs and projects. Initiate critical infrastructure projects, this includes road repairs, improve water supply systems and enhance connectivity, stimulate economic activities and improving living conditions.
  • Social Welfare Programs: launch social programs aimed to improve health services, increasing access to education and providing social support to citizens.
  • Environmental Protection Initiatives: Pursue urgent measures on coastal and marine ecosystems, address pollution and promote sustainable practices.
  • National And International Collaboration. Embark on a series of strategic initiatives aimed to foster national and international collaboration with stakeholders, one of these initiatives, is the National Economic Summit, designed to gather stakeholders from diverse sectors of the society and economy.
  • Introduce compulsory legal education in school: educate children and youth with understanding of legal principles, civic responsibilities and understanding of how our government agencies operate.

Alongside the 100 Days Program, PM Manele also launched GNUTs policy statement, the long-term strategy of his administration which are founded on four pillars;

  • Economic Transformation: revitalize the economy through innovative and sustainable practices
  • Unity and Stability: Encourage inclusivity and embrace diversity of citizen and uphold Human rights.
  • Infrastructure Development: Invest in building vital infrastructures to boost economy activities, living conditions and connectivity.  
  • Human Capital Development: Prioritize education, healthcare and skills development.

PM Manele stressed that his administration is also committed to engage with farmers, develop a partnership in the agricultural sector and expand the country’s commercial farming capabilities for local consumption and exports. 

He acknowledged that though some policies might not have immediate impacts, he assured the country that they are designed with a “forward-thinking approach” to set the tone for positive impacts in the long run.

“By laying this ground work now, we are ensuring that future generations will benefit from a more robust economy, a more inclusive society and a healthier environment. These initiatives are investments in our nation’s future, building the necessary infrastructure and capabilities that will lead to progress and development” he added.

The launching also coincides with the 2024 Prime Minister Breakfast which was cohosted by the Solomon Islands Chamber of Commerce and Industries (SICCI) and attended by Business houses, foreign dignitaries and government officials.

MPG to enforce anti-littering regulations soon

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Premier of Malaita province, Elijah Asilaua.

BY SAMIE WAIKORI

Malaita provincial government recently announced the enforcement of anti-littering regulations in Auki as part of its green and healthy setting campaign.

The announcement was made by premier Elijah Asilaua as they had carried out awareness program in and around Auki in advocacy for the campaign.

“As you may noted, in the next few days we will expect the frequency and scale of anti-littering enforcement offenses since a good number of awareness is being advocated.

“Notice boards will also be erected in the non-compliance hot spots with strict enforcement of laws against illegal venders.

“Charges will be made to offenders not complying,” he said.

Asilaua said Malaita is where everyone lives together, connect and flourish. And where each of everyone has an important role in keeping their home clean.

“Our goal in this regard is to keep Malaita clean for everyone for our shared tomorrow. I therefore appealed to everyone for cooperation in following our governing laws.

“We want to create a clean and green Malaita with the inspiration for all Malaitans to care for and protect our environment with more emphasis on a clean, green and sustainable lifestyle,” he said.

Our Telekom CEO commends M-Selen team, partners and users

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BY NED GAGAHE

Our Telekom CEO Christina Lasaqa has commended the dedicated M-Selen team, partners, and users for their crucial contributions to the mobile money service’s success during its 1st anniversary celebration yesterday.

Speaking at the M-Selen 1st anniversary celebration held at Heritage Park Hotel CEO Lasaqa said their efforts have been instrumental in making M-SELEN a success story today.

“I would like to extend my heartfelt thank you to the dedicated M-Selen team especially the Head of Mobile Money Mr Majidul Haque, the Manager Key Accounts – Ms Christina Palusi, the Manager Agent Network – Mr Aseri Grouse,

“The Operations Lead Officer Ms Mary Anita and the rest of the Telekom Commercial, Finance, IT, Security and Engineering Support Teams. Moreover, the M-Selen Champions. Their efforts have been instrumental in making M-SELEN a success story today.

“I also want to thank our partners the Australian Government, UNCDF, Eclectics International, and Our stakeholders for their continued support and collaboration.

“And most importantly, I want to thank all of you—our users, our community—for trusting M-SELEN and embracing this new way of handling financial transactions. Your support and feedback have been invaluable in shaping the service and driving its success.

“As we proceed with today’s program, I encourage everyone to engage, share your experiences, and explore new ideas on how we can continue to improve and expand M-SELEN. Together, we are making a difference. Together, we are building a more inclusive and prosperous Solomon Islands.

M-Selen empowers women, youth, and SMEs: Lasaqa

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BY NED GAGAHE

Christina Lasaqa, the Chief Executive Officer (CEO) of Our Telekom says Women’s inclusion and empowerment have been central to the company’s mission of the M-Selen mobile money service.

Speaking at the M-Selen first birthday anniversary yesterday at Heritage Park Hotel, CEO Lasaqa stated the with 46% of the company’s users being women, M-Selen is playing a critical role in enhancing women’s financial independence and participation in the economy.

“Similarly, we are committed to youth empowerment, providing young people with the tools and opportunities they need to succeed in today’s digital economy.

“Our support for SMEs has also been significant. By providing these small and medium enterprises with access to financial services, we are helping them grow, create jobs, and contribute to the overall economic development of our country.

“The ability to conduct financial transactions easily and securely has improved livelihoods, created opportunities, and fostered financial literacy among our population.

“Looking ahead, we see a bright future for M-SELEN and the people of the Solomon Islands. We are committed to continuing our efforts to enhance financial inclusion, expand our services, and bring the benefits of the digital economy to every corner of our nation.

“We envision a future where every individual, regardless of their location or socioeconomic status, has access to the financial services they need to improve their lives and achieve their goals.” Our Telekom CEO said.

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