IN THE NEWS
3 phase lock-down options
Government has announced a 3-phase lock down option which is been forwarded for Cabinet approval. Phase 1: The country is currently in the first phase which will remain until such time when there is a confirmed case. Phase 2 is when a total lock down (24-hour curfew) will be implemented and only selected essential services will be allowed to operate with permission. This will start when the first case is confirmed and may run for an initial period of 14 days. Read more
Impact of COVID-19 on the economy – REVISED
The speed and extent of the Coronavirus (Covid-19) pandemic around the world has necessitated a revision to the Central Bank of Solomon Islands’ near-term growth outlook for the Solomon Islands economy. Read more
As the Pacific region grapples with the effects brought on by the COVID-19 pandemic, SICCI Chair, Jay, who is currently held up in Brisbane, Australia shared with the Pacific Coorperation Foundation (PCF) how the Solomon Islands is currently responding to the crisis. Read more
Tourism sector feels the brunt of the global pandemic
The SICCI Media & Communications Dept in the coming weeks will be doing a series of articles on the impact of COVID-19 on businesses.
The first in the series was on the Tourism sector. View our article here
A Tourism Position Paper on COVID-19 was formulated which outlines some of the reliefs the Tourism Ministry intend to request for tourism businesses. View the paper here
Recommendation for Stimulus Package submitted
SICCI, on behalf of members, submitted its recommendation to Government this week on COVID-19 policy responses to best assist business and to be considered for the proposed stimulus package.
Some of the measures proposed were: Reduction the electricity tariff; Timely Government payments to suppliers to help business with cash flow shortages; reducing business costs (Port charges, fee on cargo etc); Tax Relief to improve business cash flow, and; targeted action to support small and medium businesses.
Survey for members
SICCI is currently conducting an enterprise survey to understand members’ situation and challenges due to the on-going global crisis of COVID-19.
Thank you to those who have completed the SICCI COVID19 Impact Assessment. If you have not done so yet, please take time to complete the survey as we are interested in knowing your experience.
The survey will take only 10 minutes to complete. It will close at the end of Wednesday 15 April 2020.
Welcome new members!!
We’re pleased to welcome three (3) new members who have joined the Chamber recently. The role your Chamber plays is important now more than ever to keep you updates in this challenging environment, give you access to information and be represented to Government.
- Betikama Carving & Museum
- Webmedia South Pacific
- Tropic Group Builders
SITUATIONAL REPORT NUMBER 3
The Solomon Islands Government Consolidated Situational Report Number 03 was released on Thursday 9 April 2020. The report is produced by the National Emergency Operations Centre (NEOC) for the COVID-19 Response. Read here
The report will be next updated on Wednesday 15 April 2020.
2019 BUSINESS CONFIDENCE SURVEY
When triangulating survey results from 2019, the impact of uncertainty on business conditions emerges as a dominant theme. In 2019 the response rate was 21% out of the 226 members. most of the respondents came from Agribusiness. Small sized businesses made up the majority of respondents (29%) and when added with businesses with 10-19 workers, constituted 46% of total respondents.
View or download full Survey report here