BUSINESS INVESTMENT FORECASTED TO INCREASE FOR SOLOMONS

Prime Minister Manasseh Sogavare. Photo credit: OPMC.

Prime Minister Manasseh Sogavare. Photo credit: OPMC.

Business investment in Solomon Islands is forecasted to increase over the next two years.

Prime Minister Manasseh Sogavare made the statement yesterday at the seventh Australia Solomon Islands Business Forum in Honiara.

Prime Minister Sogavare told delegates, Solomon Islands has been putting out signposts celebrating the achievement of peace and security, law and order, and social stability these last ten years.

He said Solomon Islands has also been putting up signposts depicting business investment growth and economic recovery.

The Prime Minister also told the Forum, the country’s financial position is strong, and business investment is forecasted to increase over the next two years.

“Business is focused to increase over the next two years in line with work commencing on a number infrastructure investments particularly in the energy and transport sector under the DCC Government’s productive sector reform program launched at the beginning of the year. The country’s financial position is strong, with the government now holding significant domestic cash reserves and total revenue forecast to be around $3.7 billion in 2016. Given this strong fiscal position the Government has committed higher levels of investment in infrastructure development.

The seventh Australia Solomon Islands Business Forum concluded in Honiara today.

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