Local businesses in the country welcomes the recent Government decision to remove customs import duty and sales tax on fuel imports at 100 percent exemption respectively. Fuel users across the country are expected to experience a drop in fuel prices as of 1st September 2022. Petrol is expected to reduce by $1.50 while diesel is estimated to reduce by $1.51.

Thursday 25 August, Honiara – Local businesses in Solomon Islands will be severely
impacted if fuel price continues to increase in the next six months, a survey conducted by
the Solomon Islands Chamber of Commerce and Industry (SICCI) revealed.

The Solomon Islands Chamber of Commerce and Industry (SICCI) recently established its
Manufacturing Industry Working Group (MIWG) for 2022 through to 2023.
Its first meeting was held on Thursday 4th August 2022 at Heritage Park Hotel.
The Working Group comprising of representatives from the Manufacturing sector is Chaired by Qila
Tuhanuku, Corporate Affairs Manager of Solomon Breweries Ltd who was nominated by majority
votes during their first meeting.

The Building and Construction Working Group (BCWG) subcommittee of the Solomon Islands Chamber of Commerce and Industry (SICCI) convey their first meeting on Thursday 4th August 2022 at Heritage Park Hotel.

Around thirty local businesses and economic leaders in Honiara met the visiting Australian Minister for International Development and Pacific, and Minister for Defense Industry, Honorable Pat Conroy at the Australian High Commission residence hosted reception on Monday this week. Minister Conroy, in his brief remarks, highlighted Australia’s commitment to supporting the expansion of labour mobility programs in various industries in Australia, and the promotion of local content in infrastructure development through its 10-year Solomon Islands Infrastructure Program (SIIP). These priorities were welcome news to guests in the audience, who appreciated that businesses would benefit from a skilled workforce and greater local returns to the economy in Solomon Islands.