AGP Executive Report
Last update: 2 hours agoWater Prices: Western Province has warned shops against price-gouging on bottled water during the drought, with business licences at risk of suspension or cancellation. Residents report cartons selling for up to SBD70, compared with SBD30–40 in Honiara. Community Investment: Australia has awarded 74 projects worth more than SBD18 million across all provinces, supporting work in areas including health, water, energy and education. The funding is expected to benefit local contractors, suppliers and workers. Economic Outlook: At a Honiara research conference, Finance Minister Rexon Ramofafia said global instability is already affecting local prices, fuel costs and household budgets. CBSI’s acting governor noted fuel in Honiara had risen to SBD14 a litre from SBD9.54 last year. Makira Roads: Australia has also committed SBD10 million for West Makira road upgrades, expected to improve access to markets and create about 250 jobs. Labour Mobility: The government is targeting 5,000 PALM workers annually; remittances from the scheme were estimated to have injected SBD500 million into the economy in a record year.
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