AGP Executive Report
Last update: 10 hours agoCost of Living: Families in Solomon Islands and Papua New Guinea must work more than four days to afford 10 basic food staples, World Vision says, leaving less income for essentials such as education and healthcare. Finance: CBSI has established a credit-reporting system to help lenders assess applications and allow borrowers to build repayment histories; separately, DBSI has launched a SBD$5 million loan facility with SPBD to expand financing for women entrepreneurs, especially in rural areas. Tourism: Visitor arrivals reached 2,941 in July, the strongest July result since 2012 and a 25.9 per cent rise on a year earlier. Rural Business: A new copra and cocoa buying centre in Isabel gives farmers a place to store and sell produce, backed by SBD$750,000 in rural development funding. Mining and Investment: A government team has studied Papua New Guinea’s minerals sector as Solomon Islands prepares to strengthen its mining framework, while Gold Ridge landowners’ company says it is investing in government bonds and exploring other options to broaden income beyond mining.
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