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All Updates · Business & Economy

All collected updates from verified Solomon Islands sources.

SICCI CEO Calls For Bold Reforms To Drive Private Sector Growth

SICCI CEO James Dolarii calls for bold reforms on energy, finance, local content and taxation to accelerate private sector growth. HONIARA, Solomon Islands& Transformative action is needed to accelerate economic growth in Solomon Islands, with government and private sector stakeholders urged to move beyond the conventional approaches that have shaped the country’s economic development over [...] The post SICCI CEO Calls For Bold Reforms To Drive Private Sector Growth appeared first on Tavuli News (Solomon Islands) .

Tavuli Business & Economy · 2026-09-15 Original ↗

SIART/MALD Pig Breed Improvement Program Makes Progress

SIART/MALD’s pig breeding program advances with hormonal feeding completed and oestrus synchronisation underway in selected animals. The SIART/MALD Pig Breed Improvement Program is progressing as planned with its 15-day hormonal feeding program successfully completed on 11 September 2026.& The program is a collaborative initiative aimed at improving the reproductive performance, productivity and genetic quality of [...] The post SIART/MALD Pig Breed Improvement Program Makes Progress appeared first on Tavuli News (Solomon Islands) .

Tavuli Business & Economy · 2026-09-15 Original ↗

Local businesses key to jobs, incomes and economic growth: PS Mesepitu

BY DOUGLAS VAHIA Success of local small and medium businesses (SMEs) will directly boost job opportunities, household incomes and economic growth for the country. Permanent Secretary of the Ministry of Commerce, Industry, Labour and Immigration (MCILI) Riley Mesepitu voiced this when opening the National Business Forum 2026 at the SINU lecture theatre yesterday. Business leaders, development partners, women and youth entrepreneurs, government agencies and academia participated in the forum, which Mr Mesepitu has described as an ‘important national dialogue on business and enterprise’. “These are not simply Government issues or private-sector issues. They are national development issues,” Mesepitu said. This year’s programme focuses on four critical pillars: strengthening local enterprises, improving access to finance and capital, promoting youth and women entrepreneurship, and connecting businesses to markets, standards, compliance, and trade opportunities, a statement by the Government Communication Unit (GCU) this morning said. Mesepitu made a strong call for open and practical dialogue: “I encourage all participants to use today’s forum not only to listen, but also to speak openly, share ideas, challenge existing approaches and identify solutions that can be taken forward beyond this gathering.” He highlighted that the inclusion of young entrepreneurs and women in business is essential to building a more inclusive and dynamic private sector. Reaffirming Government’s position, Mesepitu said creating a stronger business environment requires genuine partnership, GCU statement said. “Government cannot do it alone. We need the commitment and participation of businesses, financial institutions, educational institutions, development partners, civil society and our international partners.”

Island Sun Business & Economy · 2026-09-15 Original ↗

ADB President Says Project Results, Not Financing, Are the Measure of Success

ADB President Masato Kanda says development projects should be judged by tangible economic and social benefits for communities. By Jeremy Gwao& The Asian Development Bank says the success of development projects should be measured by the tangible economic and social benefits they deliver to communities, rather than simply by the amount of financing committed. Speaking [...] The post ADB President Says Project Results, Not Financing, Are the Measure of Success appeared first on Tavuli News (Solomon Islands) .

Tavuli Business & Economy · 2026-09-14 Original ↗

Copra farmers make the right choice with CEMA

BY DOUGLAS VAHIA For East Fataleka copra farmer Rose, supporting the right local institution is important for the future of her family’s coconut plantation. Rose, as she prefers to be called, has recently started selling her copra produce to the Commodities Export Marketing Authority (CEMA) after years of selling to another buyer. She inherited the responsibility of maintaining her grandfather’s coconut plantation, a family tradition and obligation that she is determined to uphold. The plantation has provided a livelihood for the family for generations, and Rose expects other members of her family to continue looking after it in the future. Rose operates a copra dryer at her village, where she processes coconuts from her plantation into copra. However, with her plantation producing high yields of coconuts, she said she needs another dryer to keep up with production. For many years, Rose and her family sold their copra to IKEMA, another buyer. But this year, she decided to switch to CEMA. Rose said she was encouraged to sell to CEMA after recognising its role as a government agency that she believes will remain committed to supporting local farmers. She said other buyers tended to purchase copra when market prices were favourable, while she did not receive the support she needed to maintain and improve her plantation. Since turning to CEMA, Rose said she has been pleased with the assistance provided, including nets and bags. “I have regretted overlooking CEMA in the past. This is the institution that farmers should and must support because it is ours,” she said. Despite her commitment to copra farming, Rose continues to face challenges, particularly the lack of basic tools and equipment needed to improve production. “I need bags, nets, drums, copra knives and other necessary tools to boost the productivity of my coconut plantation,” she said. Another major challenge is the high cost of transportation and freight, which she said remains a common problem for farmers in her area. Rose is calling on the Government, through CEMA, to prioritise addressing transportation costs and other challenges affecting copra farmers. She also urged the Government to help stabilise copra buying prices and ensure farmers receive better returns from their produce. For Rose, stronger support for farmers and fairer returns are essential to encourage rural producers to continue investing in their plantations and livelihoods. For feedback, contact: diivee56@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-14 Original ↗

BLC calls for further consultation on Mineral Resources Bill 2025

BY TONY IROGA The Bills and Legislation Committee (BLC) has rejected suggestions that allowing more time for consultation on the Mineral Resources Bill 2025 could cost the Government about $1 billion in revenue. In a statement issued today from Solomon Islands National Parliament, the BLC said the greater risk to Solomon Islands lies in rushing legislation of such importance without adequate consultation with resource owners, provincial governments and other key stakeholders. The Committee said the consequences of inadequate consultation should not be measured only in monetary terms. “The potential consequences cannot simply be measured in monetary terms,” the BLC said. The Committee stressed that insufficient consultation could lead to fractured trust, community instability and reduced public confidence in the legislation. “These costs could far exceed one billion dollars,” the Committee said. The BLC said that it is not opposed to mining or mineral development, nor does it seek to prevent the Government from generating revenue from the sector. Instead, they are calling for broader and more meaningful consultation before substantial amendments to the Mineral Resources Bill proceed through Parliament. The BLC said the proposed changes could have significant implications for landowners, communities, provincial governments, investors and the wider national economy. The Committee has written to the Prime Minister recommending that the Mineral Resources Bill 2025 be withdrawn to allow further consultation with landowners, mining companies, provincial governments and other stakeholders. It said a new Bill could then be presented to Parliament after an appropriate consultation process. The BLC also clarified that it has not yet begun its inquiry into the proposed amendments. The Office of the Speaker has received notice of the proposed amendments but is still considering whether to proceed, given the substantial and lengthy nature of the proposed changes, before referring them to the BLC for consideration. The Committee welcomes the Government’s decision to use the current period for further consultation in the public interest. The BLC said it remains ready to support the Government once a new Bill is presented to Parliament. This would include conducting an inquiry and presenting its findings and recommendations to Parliament. The Committee also reminds the Government and the public that its role is to scrutinise legislation and make recommendations, rather than to determine Government policy or set revenue targets. “The Committee’s role is to scrutinise legislation and make recommendations, rather than determine Government policy or set revenue targets,” the BLC said. It said its constitutionally mandated oversight role is intended to complement the Government’s aspirations for the mineral resources sector. The BLC urged that Parliament be given sufficient opportunity to examine the social, economic and national implications of the proposed legislation before it proceeds. For feedback, contact: tonyiroga8@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-11 Original ↗

Chinese Miner Buys Out Aussie Gold Project in PNG

An Australian gold miner has sold off its operations in Papua New Guinea to a Chinese state-owned company. Western Australia-based... The post Chinese Miner Buys Out Aussie Gold Project in PNG appeared first on In-depth Solomons .

In-depth Business & Economy · 2026-09-11 Original ↗

9th Business Excellence Awards Expands from 12 to 21 Categories

The Solomon Islands Chamber of Commerce and Industry (SICCI) has announced a major expansion of its Business Excellence Awards (BEA), increasing the number of award categories from 12 to 21, with the Prime Minister’s Award as the 22nd award. The announcement was made by Julieth Ataraia Tausinga, Vice Chair of the BEA Committee and Board Director of SICCI, at the official soft launching of the 9th annual Business Excellence Awards. “This year marks a significant milestone for the Awards and for our business community,” said Mrs. Tausinga. “This enhancement reflects our commitment to recognizing excellence across a broader spectrum of industries and achievements, ensuring that more of our outstanding enterprises and individuals receive the acknowledgment they deserve.” The 9th Business Excellence Awards will be held on 7 November 2026 at the Friendship Hall, Panatina, under the theme “From Resilience to Empowerment: Elevating Business Excellence Together.” Mrs. Tausinga said the theme reflects the private sector’s transition from responding to adversity toward actively creating opportunities. “For years, resilience has been our watchword—a necessary response to the challenges we have faced. However, our vision now is to move beyond merely responding to adversity and toward actively creating opportunities,” she said. “It positions empowerment, partnership, and progress as the essential next phase of our collective growth.” Through the 9th BEA, SICCI aims to recognise the resilience and adaptability of Solomon Islands businesses, encourage innovation and investment, strengthen partnerships between the private sector, Government, and development stakeholders, and celebrate those building a stronger, more inclusive nation. Nominations are now officially open. Nomination forms and full category details are available through the SICCI office and official communication channels. The deadline for submissions is Friday, 9 October 2026. “I invite you all to join us on the 7th of November as we come together to celebrate excellence, foster collaboration, and chart a course toward a future defined not by our challenges, but by our shared empowerment and success,” Mrs. Tausinga said. [END] – SICCI The post 9th Business Excellence Awards Expands from 12 to 21 Categories first appeared on Solomon Islands Broadcasting Corporation (SIBC) .

SIBC Business & Economy · 2026-09-10 Original ↗

SICCI expands business excellence awards to 21 categories

BY DOUGLAS VAHIA The Solomon Islands Chamber of Commerce and Industry (SICCI) has officially launched the 9th Business Excellence Awards (BEA), expanding the prestigious annual event from 12 to 21 award categories. The soft launch was held today, September 10, at the SICCI office at Hyundai Mall, where SICCI Chief Executive Officer James Dolarii and BEA Committee Vice Chair Julieth Ataria Tausinga officially launched the 9th Business Excellence Awards. The expansion marks a significant development for the Business Excellence Awards, with the Prime Minister’s Award making the total number of awards 22. Speaking at the soft launch, Ms Tausinga said the increase in categories reflects SICCI’s commitment to recognising excellence across a wider range of industries and achievements. She said the awards aim to give more outstanding businesses and individuals an opportunity to receive recognition for their contributions to the country. This year’s awards carry the theme, “From Resilience to Empowerment: Elevating Business Excellence Together.” Ms Tausinga said the theme reflects the changing direction of Solomon Islands’ private sector, which has traditionally focused on responding to challenges but must now move towards creating new opportunities for growth and innovation. She said the private sector is not only a contributor to national development but is a fundamental driver of economic progress. The 9th BEA will therefore focus on recognising businesses that have demonstrated resilience and adaptability, while encouraging innovation, investment, job creation and sustainable economic growth. Ms Tausinga also highlighted the importance of stronger partnerships between the private sector, Government and development stakeholders. She said collaboration would remain essential to achieving sustainable economic growth and building a stronger and more inclusive Solomon Islands. “From Resilience to Empowerment” therefore seeks to move the business community beyond simply responding to difficulties and towards actively creating opportunities that can benefit people, businesses and communities. Nominations for the 9th Business Excellence Awards are now officially open. Eligible businesses and individuals are encouraged to nominate their achievements, with nomination forms and category details available through the SICCI office and its official communication channels. The deadline for nominations is Friday, October 9, 2026. The 9th Business Excellence Awards will be held on November 7, 2026, at Friendship Hall, Panatina, where businesses and individuals will gather to celebrate achievements and promote greater collaboration within the private sector. SICCI said the awards will also provide an opportunity to recognise organisations and individuals contributing to a stronger, more vibrant and inclusive Solomon Islands. The Chamber is encouraging eligible businesses and individuals to take part in the awards and showcase their achievements.

Island Sun Business & Economy · 2026-09-10 Original ↗

Malaita province holds first inaugural Auki town business owner’s forum

By RODRICK DESURI AUKI The Malaita Provincial Government has, for the first time, organised the inaugural Auki Town Business Owners Forum, bringing together business stakeholders and government representatives this afternoon at the Green House in Auki, Malaita Province. The first-ever forum was attended by business owners, members of the Malaita business community, provincial ministers, the Provincial Secretary, Deputy Provincial Secretary, heads of divisions, and representatives from partner agencies. The forum marked the beginning of a more structured and meaningful partnership between the Malaita Provincial Government and the business community in Auki Town. Speaking during the forum, Malaita Provincial Premier Elijah Asilau’a said the gathering was significant as it would provide an opportunity to address ongoing issues affecting Auki Town. He said the current growth in Auki’s population presented both opportunities and challenges, adding that the forum would help the government and business community work together to address emerging issues, including poor sanitation, unmanaged waste, unregulated development, overcrowding and declining public health standards. “This growth presents both opportunities and challenges. If managed properly, Auki can become a model provincial town that attracts investment, promotes business growth, creates jobs, and provides a healthy environment for our people,” he said. “However, if we fail to plan and work together, we risk facing increasing problems associated with poor sanitation, unmanaged waste, unregulated development, overcrowding, and declining public health standards,” he said. Premier Asilau’a also thanked participants for attending the forum, describing their involvement as very important in shaping the future of the provincial capital. “I wish to thank each and every one of you for taking the time to attend this important forum. Your businesses contribute immensely to the economic life of our province through the provision of goods and services, employment opportunities, revenue generation, and investment,” he said. “You are important stakeholders in the development of Malaita Province, and your voices matter,” he concluded.

Island Sun Business & Economy · 2026-09-10 Original ↗

SICCI Welcome Local Businesses to Join Expanded Business Excellence Awards 2026

SICCI is encouraging provincial businesses and SMEs to enter the expanded 2026 Business Excellence Awards. The Solomon Islands Chamber of Commerce and Industry (SICCI) is encouraging businesses in the provinces and small and medium enterprises (SMEs) to participate in the ninth annual Business Excellence Awards, as it seeks broader representation from across the country. SICCI [...] The post SICCI Welcome Local Businesses to Join Expanded Business Excellence Awards 2026 appeared first on Tavuli News (Solomon Islands) .

Tavuli Business & Economy · 2026-09-10 Original ↗

Solomon Islands High Commission Participates in Investment Forum in New Delhi

The Solomon Islands High Commission in New Delhi participated in the Annual Investment Session hosted by the Indian Oceania Business Association (IOBA) in New Delhi, India. Solomon Islands was represented at the forum by the High Commissioner to India, H.E. Mr. Anthony Makabo, together with officials of the High Commission. The Indian Oceania Business Association (IOBA) is a business association established in New Delhi with the objective of strengthening commercial links between India and the Pacific and Oceania region. The association seeks to promote and foster trade, investment and cultural ties between India and the Pacific Island countries and their peoples. IOBA’s membership in New Delhi has expanded in recent years, including the participation of Solomon Islands and Nauru since 2023. The Annual Investment Session brought together diplomats, government representatives and members of the business community, including representatives from several Pacific Island countries with diplomatic representation in New Delhi. Speakers at the event included the High Commissioners of New Zealand, Fiji, Solomon Islands and Nauru to India, as well as the Minister Counsellor of the Australian High Commission. During his intervention, High Commissioner Makabo highlighted Solomon Islands’ key investment priority sectors and areas identified by the Solomon Islands Government as open to foreign direct investment (FDI), including opportunities where preferential terms may be available to prospective investors. His Excellency also outlined the various investment incentives that can be made available to eligible investors and highlighted the broader benefits of investing in Solomon Islands. High Commissioner Makabo emphasised that Solomon Islands is open to genuine and mutually beneficial investment partnerships that contribute to national development, create employment opportunities and support sustainable economic growth. “Solomon Islands is open for business – genuinely, transparently, and with full government commitment. Solomon Islands does not prefer extractive partnerships, but rather investors who will grow with us, create employment for our people and help us build a sustainable and prosperous future for generations to come.” The High Commissioner’s participation in the forum provided an opportunity to promote Solomon Islands as an investment destination and to strengthen engagement with the Indian business community and potential investors. The Solomon Islands High Commission will continue to support the Government’s efforts to expand economic and commercial relations with India and promote investment opportunities that contribute to sustainable development in Solomon Islands. ENDS// -MFAET PRESS RELEASE The post Solomon Islands High Commission Participates in Investment Forum in New Delhi first appeared on Solomon Islands Broadcasting Corporation (SIBC) .

SIBC Business & Economy · 2026-09-10 Original ↗

Trade Fair brings key economic players together

BY TONY IROGA The Annual National Trade Fair has become one of the Ministry of Commerce, Industries, Labour and Immigration’s (MCILI) flagship events, bringing together businesses, government institutions, investors, farmers, fishers, manufacturers, artisans and service providers. Permanent Secretary Riley Mesepitu made the statement on Wednesday, September 9 during his opening remarks at the National Annual Trade Fair 2026 at FOPA Village in Honiara. Mesepitu said the annual event provides an important platform for local businesses and other stakeholders to showcase their products, promote investment opportunities and encourage entrepreneurship. He said the trade fair is also an opportunity to inspire the next generation, particularly young Solomon Islanders, to consider entrepreneurship and contribute to the country’s economy. “I believe some students and young generations about to come around and have a look at what is being displayed in this place,” Mesepitu said. “That will motivate them to become entrepreneurs and contributors to this economy in this country.” The 2026 trade fair is being held under the theme, “Innovating Today for a Sustainable Greater Solomon Islands Tomorrow.” Mesepitu said the theme is timely as economies around the world continue to be reshaped by innovation, technology, entrepreneurship and sustainable business practices. He stressed that innovation for Solomon Islands should not only be about adopting new technology, but also finding practical solutions to improve people’s livelihoods and strengthen local industries. “For Solomon Islands, innovation is not simply about adopting new technologies. “It’s about finding practical solutions that create jobs, improve livelihoods, strengthen local industries, add value to our natural resources and ensure that growth benefits all Solomon Islanders,” he said. Mesepitu welcomed the strong participation of small and medium enterprises, women-owned businesses and youth enterprises at this year’s event. “You are the future of our economy. “Your creativity, resilience and determination are essential in driving inclusive economic growth,” he told the participants. He also highlighted the participation of government agencies, saying their displays demonstrate the importance of collaboration across key economic sectors. These include agriculture, fisheries, forestry, mining, tourism, manufacturing, trade, labour and investment. Mesepitu also acknowledged the support of development partners and members of the diplomatic community, thanking them for their continued partnership. He said the trade fair should not be viewed simply as an exhibition. “Trade fairs are more than exhibitions. “They are places where ideas are exchanged, partnerships are formed, markets are expanded and innovation is encouraged,” he said. Mesepitu said every product displayed and every connection made during the event has the potential to strengthen the national economy. He encouraged the public to visit the exhibition booths, engage with exhibitors, discover locally made products and support businesses investing in Solomon Islands. Photo credit: Tony Iroga For feedback, contact: tonyiroga8@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-10 Original ↗

Copra, a family legacy, a farmer’s lifeline

BY DOUGLAS VAHIA For 49-year-old copra farmer Dorcas Dalomae, coconut farming is more than a source of income, it is a family tradition and the lifeline that has sustained generations of her family in Abafoe Village, West Kwaio, Malaita Province. Ms Dalomae has spent her entire life working on the family’s coconut plantation, following in the footsteps of her grandfather and great-grandfather, who first established the plantation decades ago. The income generated from copra has helped her family build their home and meet their daily needs, making the coconut plantation an important part of their livelihood. For farmers like Dalomae, however, their stories and contributions to the country’s agricultural and export sector have often gone unnoticed. That is now changing through the Farmers First Initiative, led by the Commodities Export Marketing Authority (CEMA). The initiative aims to put farmers at the centre of the industry by giving them an opportunity to share their experiences, challenges and aspirations with the wider public. Dalomae’ story is among those being highlighted as part of the initiative, bringing attention to the people behind an industry that has played an important role in Solomon Islands’ economic history. Copra and cocoa have long formed part of the country’s narrow economic base, particularly following Independence in 1978, and both commodities continue to contribute to the country’s export sector. For Dalomae, copra farming is not necessarily a career she deliberately chose. Rather, it is a tradition passed down through generations—a livelihood she inherited and hopes will continue with future generations. She has chosen to sell her copra to CEMA because of her confidence that the Authority recognises the hard work farmers put into producing their commodities. According to her experience, the relationship is beginning to produce positive results, with Dalomae receiving what she considers a good price for her copra. CEMA has also promised to assist her with basic equipment to establish another copra dryer, which would help improve her production capacity. However, Dalomae says more support is needed if farmers like her are to realise the full potential of their plantations. As she boarded transport in Auki to begin her journey back to Abafoe, she expressed hope that the next visit will bring improvement for farmers and their ageing coconut plantations. Among her priorities is access to basic farming equipment and, importantly, assistance with the high cost of transporting copra from remote communities to markets. For Dalomae, reducing freight costs will make a significant difference to the income she earns from her hard work. Her wish list reflects the wider challenges faced by rural copra farmers, who continue to contribute to the country’s export economy despite limited access to equipment, transport and other essential services. Photo: Supplied For feedback, contact: diivee56@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-10 Original ↗

After LDC graduation: What eight countries’ experiences tell us

Graduating from the least developed country (LDC) category marks a major development milestone. It signals higher incomes and improvements in health and education. Yet for countries approaching the graduation threshold, optimism is often mixed with anxiety: Will losing preferential trade access derail export growth? Will development assistance dry up? With graduations underway across the Asia-Pacific region, including Bangladesh, Cambodia, Lao PDR, Nepal and Solomon Islands, answering these questions is of immediate policy relevance. Prompted by recurring inquiries regarding post-graduation setbacks, our recent working paper reviews the ex-post experiences of all eight graduated countries: Botswana, Cabo Verde, Maldives, Samoa, Equatorial Guinea, Vanuatu, Bhutan and São Tomé and Príncipe. The core takeaway is clear: graduation is neither an automatic cliff nor a guarantee of resilience. Outcomes depend far more on underlying economic structures and domestic policy implementation than the status change itself. Successful transitions rely on building productive capacities and addressing structural vulnerabilities alongside sustained international support. Our review offers a nuanced perspective on common concerns: Concern 1: Graduation triggers an immediate trade shock The reality: The trade impact has been remarkably contained. A primary fear is “preference erosion” from losing Duty-Free Quota-Free market access available to LDCs. However, preference loss only affects exports that meaningfully utilized those preferences. Historically, supply-side constraints prevented many LDCs from extensively using them. Earlier graduates experienced limited trade disruption due to country-specific factors. Botswana’s diamonds and Equatorial Guinea’s oil entered global markets at zero or near-zero Most-Favoured-Nation tariffs. Samoa, Vanuatu and Bhutan maintained market access through existing bilateral or regional frameworks independent of LDC status. In Cabo Verde and Maldives, tourism services — which do not depend on goods preferences — drove foreign earnings. Where specific sectors were exposed, such as fisheries in Cabo Verde and Maldives, transition arrangements and alternative market-access provisions moderated impacts. While preference erosion matters, its true significance depends on pre-graduation preference utilization, export structure, alternative market-access arrangements and productive capacity. Concern 2: External development finance disappears The reality: Experiences provide little evidence of an abrupt or uniform decline. Development finance did not operate as an on-off switch. Aid flows evolved gradually based on income classification, debt sustainability, country vulnerability, donor priorities, existing project pipelines and, for some countries, status as small island developing States. While countries eventually phase out of some specialized LDC windows according to their transition arrangements, this is quite different from an abrupt withdrawal of overall development finance. Financing terms may harden as incomes rise, but this reflects broader development and income-based criteria rather than graduation itself. The experience varies considerably across countries, and for the most recent graduates, it is still too early to draw firm conclusions. Nevertheless, evidence so far shows no systematic post-graduation financing cliff. The more persistent concern: Structural vulnerability If trade and finance do not fall off a cliff, does that mean smooth sailing? Not quite. The ex-post evidence reveals that crossing graduation thresholds does not eliminate underlying structural vulnerabilities. Regarding climate and natural shocks, Maldives and Samoa saw graduations delayed by tsunamis, while Vanuatu exited amid severe cyclones and COVID-19. Small island developing States remain on the frontlines of sea-level rise and environmental shocks. Several graduates remain heavily reliant on a single commodity or sector, such as tourism, hydropower or extractives. Furthermore, while not caused by graduation, managing fiscal space and debt remains essential across shock-prone economies to finance development and climate-resilience needs. Looking ahead: What this means for upcoming graduates These experiences highlight some vital lessons for upcoming graduates: Assess actual exposure to preference loss: Unlike earlier graduates, manufacturing exporters such as Bangladesh and Cambodia rely heavily on tariff preferences for garments. For these economies, managing preference erosion centers on firm-level productivity upgrades, modern trade logistics and regional trade integration. Maintain focus on productive capacities and diversification: Graduation itself does not deliver structural transformation. Building competitive productive capacities, diversifying exports, strengthening skills and infrastructure and supporting movement into higher-value activities remain essential for reducing vulnerability over the longer term. Attention is also needed to ensure adjustment does not disproportionately affect vulnerable workers, including women employed in preference-dependent export sectors. Operationalize smooth transition strategies (STS): National transition frameworks are most effective when designed as actionable implementation roadmaps. This involves integrating transition priorities directly into national development planning and annual budgets, backed by institutional oversight and risk scenario planning. Align international support with vulnerability: Development cooperation remains essential after graduation, particularly because graduation does not imply the disappearance of structural vulnerability. Predictable transition periods and vulnerability-informed international assistance, including for climate adaptation and resilience-building, can help safeguard hard-won development gains while countries adjust to their post-LDC status. Graduation marks clear progress, but lasting resilience depends on managing the transition beyond it. ESCAP provides demand-driven policy research, advisory and capacity building for graduating and recently graduated countries , funded in part by the China-ESCAP Cooperation Programme, to help formulate and implement effective smooth transition strategies. & Author: Yusuke Tateno, Economic Affairs Officer, ESCAP Mohammad Abdur Razzaque, Chairman of Research and Policy Integration for Development (RAPID)

SBM Business & Economy · 2026-09-09 Original ↗

Three-day consultation on seaweed farming experiences underway in Honiara

BY CHARLES STENNETT The challenges, experiences and solutions encountered by fisheries extension officers in seaweed producing provinces will be discussed in a three-day seaweed stakeholders’ consultation now under way in Honiara. Ministry of Fisheries and Marine Resources (MFMR) in a statement said the consultation opened by Minister for Fisheries, Polycarp Paea, brought together aquaculture extension officers from key seaweed producing provinces who will take stock of their progress in the industry. The ministry said the workshop will allow the fisheries extension officers to share their experiences, discuss challenges and identify practical solutions to further develop and strengthen the seaweed industry in Solomon Islands. The consultation ends on Friday. Photo credit: MFMR For feedback, contact: charsstennett@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-09 Original ↗

2026 national trade fair opens at FOPA village

BY DOUGLAS VAHIA THE 2026 Annual National Trade Fair has officially opened today at FOPA Village, SINU East Honiara, bringing together local businesses, entrepreneurs, producers and other stakeholders to showcase their products, services and innovative ideas. The week-long event, which runs from September 9 to 16, is being held under the theme, “Innovating Today for a Sustainable Greater Solomon Islands Tomorrow.” The annual trade fair provides a platform for local businesses and entrepreneurs to promote their products, engage directly with customers and establish connections with other businesses and stakeholders. It also aims to promote innovation and local production while contributing to the growth and strengthening of the private sector in Solomon Islands. Organisers expect the event to attract members of the public throughout the week, providing an opportunity for people to explore a wide range of locally produced goods and services and learn more about what local businesses have to offer. The fair is open to the public daily from 8:00am to 10:30pm, giving businesses an extended opportunity to reach customers and showcase their products. The National Trade Fair continues to serve as an important platform to support local enterprise and encourage Solomon Islanders to explore opportunities in production, business and innovation. With this year’s focus on innovation and sustainability, the event also highlights the importance of developing a stronger and more resilient local private sector capable of contributing to the country’s future economic growth. For feedback, contact: diivee56@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-09 Original ↗

Auki market waste storage is for waste selection: PS Eric

BY RODRICK DESURI AUKI MALAITA Provincial Permanent Secretary George Eric has clarified that the waste storage area at Auki Market is intended as a waste-selection point, where suitable organic waste can be collected for gardening and landscaping. PS Eric made the clarification following concerns and criticism directed at Auki Market management and the provincial administration over the waste storage area. The area has attracted criticism from members of the public in and around Auki, with some accusing the provincial administration of failing to properly address waste management issues in the town. Speaking to this paper, PS Eric said market employees had agreed to store suitable organic waste that could be used for gardening and landscaping purposes. He said the province was also looking for a suitable site for a permanent waste disposal facility, with an environmental and social management plan and study currently underway. “The market garbage at the Auki Market is a point for material selection. Organic substances can be used for mulching in farming and backyard gardens,” he said. “Our Auki Town Council officers, workers and citizens have agreed to make use of it as organic nutrients for flower planting, beautification and landscaping of Auki town,” he said. “In addition, backyard gardens can be used to plant our own vegetables, which also contributes to good health for us,” he added. Asked about the proposed permanent dump site at Gwaigeo, PS Eric said the province had abandoned plans to establish the facility there following landownership and security concerns raised by tribes and settlers in the area. “We can’t continue to settle a lease with one tribe. This is because of insecure claims over the landfill site, and it becomes a recurring issue involving multiple tribes,” he said. PS Eric said the province was now considering an alternative site for the permanent waste disposal facility. He added that an environmental and social management plan for the proposed new site was currently being prepared. Construction of the new permanent dump site will be funded through the Provincial Capacity Development Fund (PCDF). For feedback, contact: rodrickdesuri50@gmail.com Editor: irwin2angiki@gmail.com

Island Sun Business & Economy · 2026-09-08 Original ↗

‘First come, first serve’ approach must go: Manuari

BY DOUGLAS VAHIA Minister for Mines and Energy Derrick Manu’ari has acknowledged that the ‘first come, first serve’ system in the application process for a mining/prospecting licence is a major weakness that needs to be addressed through legislative reform. Mr Manu’ari made the statement today saying the existing Mines and Minerals Act is outdated and does not adequately reflect the Government’s commitment to giving customary landowners a stronger voice in decisions involving mineral development on their land. Manu’ari said the concerns that have emerged over the current mining process have highlighted weaknesses in the law, particularly the system that allows applications to be considered on a ‘first come, first serve’ basis. “We acknowledge that the issue that has arisen illustrates the flaws and weaknesses in the current laws, including the first come, first serve process,” Manu’ari said. He said this is one of the key reasons Government is seeking to bring proposed amendments to the Mines and Minerals legislation before Parliament as soon as possible. The proposed reforms are intended to give greater weight to the views and interests of customary landowners when determining who should be allowed to invest in and develop mineral resources on their land, he said. The reforms would also create opportunities for stronger and more meaningful partnerships between investors and landowners, he said. Manu’ari also clarified the legal position under the existing Mines and Minerals Act (Cap. 42), saying the law does not expressly require the Minerals Board to delay consideration of a Prospecting Licence (PL) application until customary land recording has been completed. He said an objection from a landowner does not automatically cancel or prevent the consideration of a PL application under the current legislation. “The Act establishes a two-stage process. The Board may first assess whether a PL application is acceptable. If acceptable, the Minister issues a Letter of Intent (LOI) subject to the applicant acquiring surface access rights,” he said. “It is following the LOI that section 21 requires identification of the affected landowners or landholding groups and negotiations for surface access.” Manu’ari said Government must clearly distinguish between what the current law provides and what needs to change. He said customary landowners and the wider public must be properly informed about the legal process and warned against misleading interpretations of existing mining legislation. “People and landowners must not be ill-informed. We have a responsibility to explain clearly what the current law provides and, importantly, why reform is necessary,” he said. The Minister said the proposed amendments are therefore critical to strengthen Solomon Islands’ mining regulatory framework. He said reform should ensure customary landowners have a stronger voice in mineral development decisions and greater opportunities to benefit from mining activities taking place on their land. Government’s push for legislative reform comes as concerns continue to grow over how mining applications are processed and the extent to which customary landowners are involved in decisions affecting their traditional land. For Manu’ari, the current controversy has underscored the need to fix the weaknesses in the law rather than relying on a system that may not adequately protect landowner interests. Photo credit: NPSI For feedback, contact: diivee56@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-08 Original ↗

$1 BILLION FORGONE

Government set to lose revenue amid decision to respect Bills & Legislation Committee recommendation to delay minerals resources bill BY TONY IROGA Government is projected to forego around $1 billion in revenue after it chose to respect the Bills and Legislative Committee’s recommendation to delay the minerals resources bill. In a rare show of good governance and leadership, GREAT government has decided to delay proposed amendments to the Bill and allow consultations to be carried out. The amendments outline one of government’s main revenue sources, and would have given much needed revenue to fund the reforms which GREAT is pushing for. Speaking during the sine die motion in Parliament yesterday, Prime Minister Matthew Wale said Government accepts the Bills Committee’s recommendation to allow further consultation before proceeding with the amendments. “We respect the view of the Bills Committee and have accepted it, to allow further consultation over the next two months or so,” he said. The Prime Minister said the additional consultations will also cover concerns raised in petitions submitted by landowners of Gold Ridge. Despite the projected revenue loss, Wale said Government respects the committee’s recommendation and is prepared to use the additional time to consult further on the proposed amendments. Wale also told Parliament that Government intends to recall Parliament before the end of the year if possible to consider and pass the 2027 National Budget. He said, however, that the sine die adjournment will give the Government flexibility if the budget process takes longer than expected. “If it is next month or the following months, we will come back, but if it is also January or February, we will still come back,” Wale said. He stressed that the adjournment is not aimed at avoiding parliamentary scrutiny. Instead, he said, Government needs sufficient time to complete important work before Parliament resumes. “We want to give ourselves the adequate time to be able to get these important instruments in place and then we come back,” he said. Wale also praised the work of the Public Accounts Committee (PAC), describing parliamentary financial oversight as an essential function. “It is not partisan politics or anything like that. It is an essential core function of parliamentary oversight and we must embrace it,” he said. He said ministries should be given adequate time to appear before the PAC and explain their programmes, particularly when introducing new Government policies. Wale said Government remains committed to parliamentary oversight while using the adjournment period to complete its legislative and budget priorities. Photo: Supplied For feedback, contact: tonyiroga8@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-08 Original ↗

Solrais strengthens support for Annual National Trade Fair 2026

BY DOUGLAS VAHIA Solrais has come on board as a sponsor of the Annual National Trade Fair 2026, contributing bags of rice to be awarded as prizes during the event’s entertainment activities, games and competitions. According to Annual National Trade Fair 2026, the sponsorship is expected to add value to this year’s trade fair by providing practical prizes for participants, performers and competition winners. Chairman of the Annual National Trade Fair 2026 Organising Committee, Moses Waririu, welcomed Solrais’ contribution, describing the company’s support as an important addition to the event. Mr Waririu said the rice donated by Solrais will form part of the prizes to be awarded throughout the trade fair’s entertainment program, games and competitions. He said Solrais’ decision to support the event demonstrates the important role businesses can play to support community activities and national events that bring people together. According to Mr Waririu, partnerships of this nature not only contribute to the success of the trade fair but also creates opportunities for communities to participate, showcase their talents and enjoy various forms of entertainment. He expressed his appreciation to Solrais for its generosity and for coming on board as a valued partner of the Annual National Trade Fair 2026. The sponsorship is expected to give participants and winners an added incentive to take part in the various activities planned for the event. The Annual National Trade Fair 2026 will provide a platform for businesses, entrepreneurs, producers, performers and communities to showcase their products, services, creativity and talents. Mr Waririu said the organising committee looks forward to working closely with Solrais and other partners to ensure the trade fair is successfully delivered and provides a rewarding experience for participants and the wider community. The partnership between Solrais and the Annual National Trade Fair also highlights the contribution of the private sector towards supporting community activities and creating platforms for local talent and businesses. Organisers said Solrais’ sponsorship will contribute to making the 2026 Trade Fair more engaging and rewarding for those taking part in the event. The committee has acknowledged Solrais for its continued willingness to support the initiative and encouraged other businesses and organisations to come forward and partner with the Annual National Trade Fair 2026. Photo credit: National Trade Fair 2026 For feedback, contact: diivee56@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-07 Original ↗

National Trade Fair to turn Honiara into hub of business, innovation and culture

BY JOSES SAREN Honiara will host the 2026 Annual National Trade Fair from September 9 to 16 at FOPA Village, Solomon Islands National University (SINU). Farmers, entrepreneurs, businesses, innovators, government agencies and community organisations will come together for the eight-day event, one of the country’s largest exhibitions of local products, enterprise, culture and innovation, the Government Communication Unit (GCU) announced. Exhibition activities will run daily from 8:00 a.m. to 10:30 p.m., organisers confirmed. This year’s fair carries the theme “Innovating Today for a Sustainable Greater Solomon Islands Tomorrow,” a theme the Communication Unit says reflects practical innovation, local enterprise, responsible resource use and cooperation in building a stronger, more sustainable Solomon Islands. Organisers say the fair will give farmers, producers, small businesses, government ministries, educational institutions, women in business, young entrepreneurs, artists and technology innovators a national platform to showcase their products, services, skills and ideas. Members of the public will have the chance to visit exhibition booths, buy locally made products, meet producers, learn about government and private-sector services, watch cultural performances and join in educational and entertainment activities. There will be a grand float parade and official opening ceremony on Wednesday, Septemeber 9 to kick off the program. Float participants will assemble from 6:00 a.m., with the parade rolling out at 7:00 a.m. and floats are to arrive at FOPA Village for judging ahead of the arrival of dignitaries, according to the program. The official opening ceremony follows at 10:00 a.m. and will feature the national anthem, an opening prayer, welcoming remarks, a keynote address and the formal declaration of the fair as open. GCU said exhibition visits, sponsor presentations, product promotions, cultural performances, competitions, live entertainment and a night market will round out the opening day. Each day of the fair has been built around a different area of economic, social or cultural development, organisers explained. Thursday, September 10 belongs to the Private Sector, SME/MSME and Women in Business Day. Government Day follows on Friday, September 11, spotlighting agriculture, fisheries, forestry, commerce, mines and energy. Saturday, September 12 turns to entertainment and open competitions, while Sunday, September 13 is set aside for Churches, Family, Community and Youth, according to the program. Monday, September 14 belongs to Youth, Young Entrepreneurs, SINU and USP, and Tuesday, September 15 celebrates Culture, Tourism, Arts and Creativity. The fair wraps up on Wednesday, September 16 with a focus on Digital Technology, Innovation and the Grand Finale, GCU said. GCU said throughout the eight days, the program will run business and government presentations, product displays, SME and MSME success stories, cultural performances, youth activities, educational sessions, digital technology showcases and competitions, with special emphasis placed on small businesses, women-owned enterprises, young entrepreneurs, farmers, community groups and local innovators. On Government Day, participating ministries and agencies will share information about their services, development programs and opportunities available to local communities, farmers, producers and businesses. The statement said the public will also get a chance to ask questions and learn more about how the productive and resource sectors support employment, food security, rural development and economic growth. Come the Grand Finale on September 16, is a digital technology and innovation showcase, ICT and e-commerce presentations, digital marketing sessions, competition finals and recognition of participating organisations. GCU said the 2026 Annual National Trade Fair Awards will honour outstanding participants across categories including Best Exhibition Booth, Best SME/MSME, Best Product Display, Best Provincial Showcase, Best Innovation, Best Cultural Performance, People’s Choice Award, and Outstanding Sponsor or Partner Recognition. Live entertainment, final announcements and a proposed fireworks display will cap off the night, subject to official approval and safety requirements, organisers noted. The organising committee is inviting families, farmers, students, entrepreneurs, businesses, community groups, government agencies, development partners and the wider public to come out and support the event. As the Government Communication Unit puts it, the Trade Fair is a chance to discover Solomon Islands products, support local enterprises, explore new technologies, learn from farmers and innovators, and celebrate the country’s culture, creativity and economic potential. For feedback, contact: josessaren@gmail.com Editor: irwin3angiki@gmail.com

Island Sun Business & Economy · 2026-09-07 Original ↗

$1 Billion Revenue Loss as Mineral Bill Amendments Delayed

by Ednal Palmer The Solomon Islands Government could forgo an estimated $1 billion in revenue this year following a decision... The post $1 Billion Revenue Loss as Mineral Bill Amendments Delayed appeared first on In-depth Solomons .

In-depth Business & Economy · 2026-09-07 Original ↗

Mineral Resources Bill Consultations Extended Two Months

by Charley Piringi The GREAT Government, led by Prime Minister Matthew Wale, has extended consultations on the much-anticipated Mineral Resources... The post Mineral Resources Bill Consultations Extended Two Months appeared first on In-depth Solomons .

In-depth Business & Economy · 2026-09-07 Original ↗