Blue chips staged a mild rebound early Tuesday, putting trading for June on a firmer footing, aided by gains in CIMB, IHH, Dialog and RHB Bank but Serba Dinamik hit limit-down for the second day.
Solomon Islands Economy Faring Better than Anticipated
The main buyers of products like timber, cocoa, tuna, copra, though hard hit, were able to absorb the country s export.
Source: Supplied Wednesday, 19 May 2021 07:21 AM
It was this time a year ago that the government and Solomon Islanders were apprehensive about the future following the declaration of the COVID-19 pandemic.
Schools were disrupted, lockdowns were ordered by the government, calls for submissions for the Economic Stimulus Package (ESP) were made, decision to suspend recruitment of public servants were made and the first repatriation flights were organized by the government but to name a few.
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Sunday, 04 Apr 2021 10:07 AM MYT
The Prihatin Special Grant was introduced during the first round of the movement control order. Bernama pic
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KUALA LUMPUR, April 4 The assistance provided through the Prihatin Special Grant or Geran Khas Prihatin (GKP) showcases the government’s concern towards micro small and medium enterprises (MSMEs) that are the bedrock of the country’s economy.
GKP, which is aimed at helping MSMEs that are affected by Covid-19 pandemic, was introduced during the first round of the movement control order (MCO) last year; and to date, the grants have helped 900,000 MSMEs with a total allocation of RM3.58 billion.
Copra Jump in 2020 - Central Province Leads Way
CBSI says the improvement in copra and coconut oil industries stemmed from rising export prices during the year which encouraged farmers to increase their production. This is also with the government’s support through the Economic Stimulus Package (ESP).
Source: NicePNG Thursday, 01 April 2021 10:31 AM
Despite the impact of COVID-19 crisis, copra output has jumped from 8055 tons in 2019 to 11,678 tons in 2020 with Central Islands province leading the way in production.
The Central Bank of Solomon Islands (CBSI) December 2020 report says production by provinces showed Central province remained the major contributor with a share of 34 percent, followed by Western province 21 percent, Guadalcanal province 17 percent, and Choiseul with 14 percent. The four provinces made up a total share of 86 percent. Other provinces accounted for the remainder of 14 percent.