The National Provident Fund vows to disassociate itself from engaging in any financial or development proposals with the Solomon Islands Ports Authority – saying SIPA’s reforms are ruthless.
Solomon Islands National Provident Fund (SINPF) strongly condemns the current SIPA reform initiative describing it as destructive to national economic growth.
Chairman of the National Provident Fund Mr. Peter Boyers says this applies especially to the creation of abusive port charges now affecting priority industries- the back bone of the country.
Mr. Boyers says NPF as the largest institution in the country representing employees and employers view the present actions of the Port’s Chief Executive Officer Mr. Collin Yeo as abusive and dictatorial.
Mr. Boyers adds this fails to be part of the spirit of reform that Solomon Islands leading partners in economic reform including Asian Development Bank (ADB) and World Bank have been part of over the last 10 years.
The Chairman now clarifies NPF will do everything in its mandated power to disassociate itself from engaging in any financial or development proposals from ports authority.