New bank given interim license to operate in Solomons’

THE Central Bank of Solomon Islands (CBSI) Board has granted an interim license to Bred Bank (Vanuatu) Limited to establish a branch and carry out banking business in the country. Bred (Solomon) Limited is expected to become the country’s next major financial institution and the fourth commercial bank to be in operation later this year…

Gwaunaru’u airport to take-in first flight next week

THE Solomon Airlines will resume its normal services to Gwaunaru’u airport in Auki, the capital of Malaita Province next week. This was after Solomon Airlines declared open for resumption of Commercial air services effective from Monday 30th May 2016 . General Manager of Operations and commercial services Mr Gus Kraus recently stated that the national carrier…

Airbus back in service

SOLOMON Airlines operated Airbus has resumed its normal services as of this week. The airbus had been undergoing maintenance work in Philippine for the past weeks since April as part of the airline’s routine maintenance routine in compliance with airlines safety. In its absence Solomon Airlines partner Qantas has been serving the Brisbane-Honiara route through…

PM Sogavare welcomes call for “ghost companies” probe

PRIME Minister Hon Manasseh Sogavare has acknowledged the call by the Parliamentary Opposition Group for the government to investigate ‘ghost companies’ which it claims embezzled millions of dollars from the state coffers. The Opposition in a statement issued yesterday, Wednesday 18th May, said it is aware of serious allegations of ghost companies established by middle-people…

Wate, SIPA interim CEO

MICHAEL Wate has begun his new posting as Solomon Islands Ports Authority’s (SIPA) interim chief executive officer, Wednesday. Mr Wate, an economist by profession, is the deputy general manager of National Provident Fund (NPF). He will be with SIPA for three months while the SIPA board advertises the top job. “….yes Mr Wate has taken…

Gov’t supports airline’s with 10 million payout

FINANCE and Treasury Minister Hon Snyder Rini has released Solomon Airline’s $10 million Community Service Obligation (CSO) payment for 2016 to enable air services to more domestic locations in the country. This funding is part of the ongoing implementation of the CSO policy framework, which is set out in the State Owned Enterprises Act 2007…

Solomons court orders controversial CEO out of SIPA premises

THE game may be over for Colin Yow. This came after the High Court ordered the former controversial Chief Executive Officer (CEO) from entering the premises of Solomon Islands Ports Authority (SIPA). Chief Justice Sir Albert Palmer issued the orders after the SIPA board, represented by the Attorney General’s Office took the matter to court.…

Newly opened casino told to close ‘illegal’ operation

THE Solomon Islands Gaming and Lotteries Board has served a stop notice to the newly opened mini casino Cyber King Limited. The stop notice, which was issued yesterday, ordered that Managing Director of Cyber King Limited Ting Kwong Hing close the business effective as of yesterday. Members of Gaming and Lotteries Board with Police Officers…

Yow axing valid, says AG

BILLY Titiulu remains the chairman of Solomon Islands Ports Authority (SIPA) and he has the powers to sack the authority’s chief executive officer Colin Yow. That was the view of Attorney General James Apania after Mr Yow insisted his sacking by Mr Titiulu was invalid. Mr Apaniai zoomed in on the issue after a weekend…

Yow still SIPA chief executive officer

“Sasako misleads, my passport is here” COLLIN Yow is still the Chief Executive Officer (CEO) of Solomon Islands Ports Authority (SIPA). Responding to Alfred Sasako’s front page articles in the two daily newspapers yesterday, Mr Yow said Mr Sasako and “a few bunch of big business boys” has embarked on a media campaign to oust…

Yow: I am still the SIPA CEO

CONTROVERSIAL Solomon Islands Ports Authority (SIPA) Chief Executive Officer (CEO) says he remains the CEO of the organization. Mr. Collin Yow told local media today in Honiara that he remains the CEO of the SIPA, rubbishing media reports that he has been sacked. Both Solomon Islands daily newspapers carried front-page article claiming Yow was fired…

SIPA CEO fired

Yow given marching order for ‘non-compliance and insubordination’ IT’S OVER for Mr Colin Yow – Solomon Islands Ports Authority (SIPA) controversial Chief Executive Officer (CEO). The Board of Solomon Islands Ports Authority (SIPA) decided last Friday to fire the man on the grounds of “non-compliance and insubordination.” His sacking is effective as of the close…