AGP Executive Report
Last update: 9 hours agoSINPF & Retirement Finance: Solomon Islands National Provident Fund set a lower 5.5% crediting rate for the year to June 2026, after weaker overall performance tied to unrealised losses, while the Finance Minister committed to bringing a long-awaited SINPF Bill to Parliament to modernise the retirement savings system. SINPF Asset Sale: SINPF says it is selling Tavanipupu Island Resort because it has become a liability, not a profit-maker for members. Public Finances & Prices: The government recorded a wider SBD$37m operating deficit in August as revenue fell, while CPI rose 1.3% in August. Energy & Infrastructure: Solomon Power launched a new non-fuel electricity tariff for 2026–2028, promising lower charges with continued investment, and the UK-backed energy reform roadmap moves toward an independent energy regulator. Fisheries Regulation: The beche-de-mer fishery closes from 31 October, with enforcement and compliance steps underway. Education & Skills: Teachers’ salaries and working conditions are set to improve from 2027 under education reforms, and SINU urged responsible AI use while highlighting women’s strong graduation representation. Climate Diplomacy: PM Matthew Wale will attend pre-COP31 meetings in Fiji and Tuvalu, pushing for loss and damage funding and stronger climate action. Maritime Security: Australia supported Operation Nasse to detect and deter illegal fishing across the Pacific, including Solomon Islands. Business Community: Reeves Envico confirmed as a sponsor for the 9th Business Excellence Awards, backing the Building and Construction Award.
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