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    Crops Lead Household Income Sources

    Crops Lead Household Income Sources

    Solomon Islands launches Census reports

    Solomon Islands Launches Census Reports

    Solomon Islands Tackles Neglected Diseases

    Solomon Islands Tackles Neglected Diseases

    Opposition Leader slams roadwork contract

    Opposition Leader Slams Roadwork Contract

    Provinces Can Appeal PCDF Assessment

    Provinces Can Appeal PCDF Assessment

    Solomon Islands Media Urges Democracy Recognition

    Solomon Islands Media Urges Democracy Recognition

    Prime Minister Sogavare to Address UN General Assembly

    PM Sogavare to Address UN General Assembly

    Australian Funding Boosts Electoral Center

    Australian Funding Boosts Electoral Center

    Solomon islands and China enhance cooperation

    Solomon Islands and China Enhance Cooperation

  • Feature
    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Western Provincial Council of Women validate Constitution and Strategy – the first in 12 years

    Western Provincial Council of Women validate Constitution and Strategy – the first in 12 years

    Relationships are the Enduring Currency of Influence for the Pacific Islands

    Relationships are the Enduring Currency of Influence for the Pacific Islands

    $7m down the plughole?

    $7m down the plughole?

    Lack of National identity, a snag to development: Businessman

    Lack of National identity, a snag to development: Businessman

    Securing land rights in Rennell and Bellona throughcustomary land recording and development of bylaws

    Securing land rights in Rennell and Bellona through
    customary land recording and development of bylaws

    Amazing Grace Launches Agritourism Experience

    Amazing Grace Launches Agritourism Experience

    Helena Goldie Hospital opens new Biomed Laboratory

    Helena Goldie Hospital opens new Biomed Laboratory

    Young woman elected to represent Rennell and Bellona tamatama*

    Young woman elected to represent Rennell and Bellona tamatama*

  • Business
    Solomon Power closer to resolve power issue

    Solomon Power Closer To Resolve Power Issue

    World Bank Report Highlights Migration Schemes

    World Bank Report Highlights Migration Schemes

    Pacific Island economies rebounding

    Pacific’s Recovery Amid Challenges

    Solomon Airlines expands services to Australia

    Solomon Airlines Expands Services To Australia

    Munda international airport terminal nears completion

    Munda international airport terminal nears completion

    Government optimistic to reduce electricity costs through energy reforms: Vehe

    Government optimistic to reduce electricity costs through energy reforms: Vehe

    Oz employer raises concern over betel-nut habit

    Oz employer raises concern over betel-nut habit

    Cable company weeks away yet to restore internet services via domestic network for provinces affected

    Cable company weeks away yet to restore internet services via domestic network for provinces affected

    SOEs financially successful because of robust legal frameworks – ADB Report

    SOEs financially successful because of robust legal frameworks – ADB Report

  • Environment
    Historic agreement adopted for conservation and sustainable use of biodiversity in over two-thirds of the ocean

    Historic agreement adopted for conservation and sustainable use of biodiversity in over two-thirds of the ocean

    Mines beefs up monitoring on seismic activities 

    Mines beefs up monitoring on seismic activities 

    HCC to turn Central Market Green Waste into Organic Fertiliser

    HCC to turn Central Market Green Waste into Organic Fertiliser

    Houses in Central Guadalcanal receives electricity supply for first time

    Houses in Central Guadalcanal receives electricity supply for first time

    Solomon Islands loses sleep over nuclear powered submarines for Australia

    Solomon Islands loses sleep over nuclear powered submarines for Australia

    Assessment finds widespread damage to rootcrops on Tikopia and Anuta

    Assessment finds widespread damage to rootcrops on Tikopia and Anuta

    Not all doom and gloom – World traveler acclaim Solomon Islands beauty

    Not all doom and gloom – World traveler acclaim Solomon Islands beauty

    Earthquake rocks Honiara – damages highest building

    Earthquake rocks Honiara – damages highest building

    No tsunami threat for Solomon Islands

    No tsunami threat for Solomon Islands

  • Climate Change
    Finance Ministers Champion Fossil Fuel-Free Pacific

    Finance Ministers Champion Fossil Fuel-Free Pacific

    UK Support for Climate Finance in the Pacific

    UK Extends Support for Climate Finance in the Pacific

    Climate change poetry competition

    Climate Change Poetry Competition for Honiara Students

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    UAE Ambassador to Solomon Islands delivers COP28 invitation  during courtesy visit to Acting Prime Minister

    UAE Ambassador to Solomon Islands delivers COP28 invitation during courtesy visit to Acting Prime Minister

    Pacific Maritime Transport Alliance Conference commence in Honiara

    Pacific Maritime Transport Alliance Conference commence in Honiara

    Forum SG commends Pacific negotiators as momentum gains for COP28

    Forum SG commends Pacific negotiators as momentum gains for COP28

    Ministry Conducts Training on Climate Change Assessment in Solomon Islands

    Ministry Conducts Training on Climate Change Assessment in Solomon Islands

    UNICEF: Children in East Asia and the Pacific face the greatest exposure to multiple climate disasters

    UNICEF: Children in East Asia and the Pacific face the greatest exposure to multiple climate disasters

  • Sports
    Australia delivers sports park for games

    Australia Delivers Sports Park for Games

    China Hands Over Stadium Project to Solomon Islands

    China Hands Stadium Project to Solomon Islands

    Honiara U14 team

    Iumi Play U14 Championship Kicks Off

    FIFA President

    FIFA President To Arrive In Honiara Today

    FIFA President and Lionel Messi

    FIFA President to Visit Solomon Islands

    Suvania 1 - Champions of Avaiki Netball championship

    Avaiki Netball Championship Ends

    Surfing in West Guadalcanal

    Surfing In West Guadalcanal

    Solomon Stars in Women's Football visit Lionesses

    Solomon Stars Visits Lionesses At FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

  • Regional
    Finance Ministers Champion Fossil Fuel-Free Pacific

    Finance Ministers Champion Fossil Fuel-Free Pacific

    World Bank Report Highlights Migration Schemes

    World Bank Report Highlights Migration Schemes

    Pacific Island economies rebounding

    Pacific’s Recovery Amid Challenges

    Forum Economic Ministers Meeting

    Forum Economic Ministers Address Region’s Economic Challenges

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    Customs administrations work on gender diversity

    Customs administrations work on gender diversity

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Forum SG commends Pacific negotiators as momentum gains for COP28

    Forum SG commends Pacific negotiators as momentum gains for COP28

    New toolkit launched for Pacific Journalists Reporting on Corruption

    New toolkit launched for Pacific Journalists Reporting on Corruption

  • Opinions
    We cannot support the discharge of treated water into the ocean with serious concerns remaining

    WWF Japan Concern Over Ocean Discharge

    Solomon Islanders in Vanuatu

    Celebrating Culture Embracing Identity

    Justice delayed is justice denied

    Justice Delayed Is Justice Denied

    Media in Solomon Islands

    Media Funding in Solomon Islands: Seeking Clarity Amidst Scrutiny

    Transparency Solomon Islands Expresses Concerns Over Lack of Accountability and Transparency in DCGA-Led Government

    Transparency Solomon Islands Expresses Concerns Over Lack of Accountability and Transparency in DCGA-Led Government

    Revisiting RAMSI’s ‘Success Story’

    Revisiting RAMSI’s ‘Success Story’

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Adventure and Cultural tourism will deliver bigger returns for the Pacific: World Bank

    Adventure and Cultural tourism will deliver bigger returns for the Pacific: World Bank

  • Women
    Australia boosts water sanitation in Solomon Islands

    Australia Boosts Water Sanitation Access

    Suvania 1 - Champions of Avaiki Netball championship

    Avaiki Netball Championship Ends

    Solomon Stars in Women's Football visit Lionesses

    Solomon Stars Visits Lionesses At FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

    Solomon Islands Roads and Aviation Project (SIRAP) Takes Action Against Gender-Based Violence

    Solomon Islands Roads and Aviation Project (SIRAP) Takes Action Against Gender-Based Violence

    20 women and girls participate in new ‘green construction’training program.

    20 women and girls participate in new ‘green construction’training program.

    Cervical cancer preventable – early detection key: Bainivalu

    Cervical cancer preventable – early detection key: Bainivalu

    More females as Tina hydro project progresses

    More females as Tina hydro project progresses

    Strengthening the Resilience of Women and Girls to Disasters: Solomon Islands Government,  Australia and UN Women launch new programme. 

    Strengthening the Resilience of Women and Girls to Disasters: Solomon Islands Government,  Australia and UN Women launch new programme. 

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Tavuli News
  • Home
  • News
    Crops Lead Household Income Sources

    Crops Lead Household Income Sources

    Solomon Islands launches Census reports

    Solomon Islands Launches Census Reports

    Solomon Islands Tackles Neglected Diseases

    Solomon Islands Tackles Neglected Diseases

    Opposition Leader slams roadwork contract

    Opposition Leader Slams Roadwork Contract

    Provinces Can Appeal PCDF Assessment

    Provinces Can Appeal PCDF Assessment

    Solomon Islands Media Urges Democracy Recognition

    Solomon Islands Media Urges Democracy Recognition

    Prime Minister Sogavare to Address UN General Assembly

    PM Sogavare to Address UN General Assembly

    Australian Funding Boosts Electoral Center

    Australian Funding Boosts Electoral Center

    Solomon islands and China enhance cooperation

    Solomon Islands and China Enhance Cooperation

  • Feature
    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Western Provincial Council of Women validate Constitution and Strategy – the first in 12 years

    Western Provincial Council of Women validate Constitution and Strategy – the first in 12 years

    Relationships are the Enduring Currency of Influence for the Pacific Islands

    Relationships are the Enduring Currency of Influence for the Pacific Islands

    $7m down the plughole?

    $7m down the plughole?

    Lack of National identity, a snag to development: Businessman

    Lack of National identity, a snag to development: Businessman

    Securing land rights in Rennell and Bellona throughcustomary land recording and development of bylaws

    Securing land rights in Rennell and Bellona through
    customary land recording and development of bylaws

    Amazing Grace Launches Agritourism Experience

    Amazing Grace Launches Agritourism Experience

    Helena Goldie Hospital opens new Biomed Laboratory

    Helena Goldie Hospital opens new Biomed Laboratory

    Young woman elected to represent Rennell and Bellona tamatama*

    Young woman elected to represent Rennell and Bellona tamatama*

  • Business
    Solomon Power closer to resolve power issue

    Solomon Power Closer To Resolve Power Issue

    World Bank Report Highlights Migration Schemes

    World Bank Report Highlights Migration Schemes

    Pacific Island economies rebounding

    Pacific’s Recovery Amid Challenges

    Solomon Airlines expands services to Australia

    Solomon Airlines Expands Services To Australia

    Munda international airport terminal nears completion

    Munda international airport terminal nears completion

    Government optimistic to reduce electricity costs through energy reforms: Vehe

    Government optimistic to reduce electricity costs through energy reforms: Vehe

    Oz employer raises concern over betel-nut habit

    Oz employer raises concern over betel-nut habit

    Cable company weeks away yet to restore internet services via domestic network for provinces affected

    Cable company weeks away yet to restore internet services via domestic network for provinces affected

    SOEs financially successful because of robust legal frameworks – ADB Report

    SOEs financially successful because of robust legal frameworks – ADB Report

  • Environment
    Historic agreement adopted for conservation and sustainable use of biodiversity in over two-thirds of the ocean

    Historic agreement adopted for conservation and sustainable use of biodiversity in over two-thirds of the ocean

    Mines beefs up monitoring on seismic activities 

    Mines beefs up monitoring on seismic activities 

    HCC to turn Central Market Green Waste into Organic Fertiliser

    HCC to turn Central Market Green Waste into Organic Fertiliser

    Houses in Central Guadalcanal receives electricity supply for first time

    Houses in Central Guadalcanal receives electricity supply for first time

    Solomon Islands loses sleep over nuclear powered submarines for Australia

    Solomon Islands loses sleep over nuclear powered submarines for Australia

    Assessment finds widespread damage to rootcrops on Tikopia and Anuta

    Assessment finds widespread damage to rootcrops on Tikopia and Anuta

    Not all doom and gloom – World traveler acclaim Solomon Islands beauty

    Not all doom and gloom – World traveler acclaim Solomon Islands beauty

    Earthquake rocks Honiara – damages highest building

    Earthquake rocks Honiara – damages highest building

    No tsunami threat for Solomon Islands

    No tsunami threat for Solomon Islands

  • Climate Change
    Finance Ministers Champion Fossil Fuel-Free Pacific

    Finance Ministers Champion Fossil Fuel-Free Pacific

    UK Support for Climate Finance in the Pacific

    UK Extends Support for Climate Finance in the Pacific

    Climate change poetry competition

    Climate Change Poetry Competition for Honiara Students

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    UAE Ambassador to Solomon Islands delivers COP28 invitation  during courtesy visit to Acting Prime Minister

    UAE Ambassador to Solomon Islands delivers COP28 invitation during courtesy visit to Acting Prime Minister

    Pacific Maritime Transport Alliance Conference commence in Honiara

    Pacific Maritime Transport Alliance Conference commence in Honiara

    Forum SG commends Pacific negotiators as momentum gains for COP28

    Forum SG commends Pacific negotiators as momentum gains for COP28

    Ministry Conducts Training on Climate Change Assessment in Solomon Islands

    Ministry Conducts Training on Climate Change Assessment in Solomon Islands

    UNICEF: Children in East Asia and the Pacific face the greatest exposure to multiple climate disasters

    UNICEF: Children in East Asia and the Pacific face the greatest exposure to multiple climate disasters

  • Sports
    Australia delivers sports park for games

    Australia Delivers Sports Park for Games

    China Hands Over Stadium Project to Solomon Islands

    China Hands Stadium Project to Solomon Islands

    Honiara U14 team

    Iumi Play U14 Championship Kicks Off

    FIFA President

    FIFA President To Arrive In Honiara Today

    FIFA President and Lionel Messi

    FIFA President to Visit Solomon Islands

    Suvania 1 - Champions of Avaiki Netball championship

    Avaiki Netball Championship Ends

    Surfing in West Guadalcanal

    Surfing In West Guadalcanal

    Solomon Stars in Women's Football visit Lionesses

    Solomon Stars Visits Lionesses At FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

  • Regional
    Finance Ministers Champion Fossil Fuel-Free Pacific

    Finance Ministers Champion Fossil Fuel-Free Pacific

    World Bank Report Highlights Migration Schemes

    World Bank Report Highlights Migration Schemes

    Pacific Island economies rebounding

    Pacific’s Recovery Amid Challenges

    Forum Economic Ministers Meeting

    Forum Economic Ministers Address Region’s Economic Challenges

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    WWF-Pacific Office Launches Ambitious 2025 Strategic Plan to Address Climate Change and Biodiversity Loss

    Customs administrations work on gender diversity

    Customs administrations work on gender diversity

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Forum SG commends Pacific negotiators as momentum gains for COP28

    Forum SG commends Pacific negotiators as momentum gains for COP28

    New toolkit launched for Pacific Journalists Reporting on Corruption

    New toolkit launched for Pacific Journalists Reporting on Corruption

  • Opinions
    We cannot support the discharge of treated water into the ocean with serious concerns remaining

    WWF Japan Concern Over Ocean Discharge

    Solomon Islanders in Vanuatu

    Celebrating Culture Embracing Identity

    Justice delayed is justice denied

    Justice Delayed Is Justice Denied

    Media in Solomon Islands

    Media Funding in Solomon Islands: Seeking Clarity Amidst Scrutiny

    Transparency Solomon Islands Expresses Concerns Over Lack of Accountability and Transparency in DCGA-Led Government

    Transparency Solomon Islands Expresses Concerns Over Lack of Accountability and Transparency in DCGA-Led Government

    Revisiting RAMSI’s ‘Success Story’

    Revisiting RAMSI’s ‘Success Story’

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Raki Ap: “Is it time that Melanesian leaders allow West Papua to sit on the MSG table?”

    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Transparency Solomon Islands calls on police to investigate illegal harvesting of bech-de-mer in Malaita Outer Islands

    Adventure and Cultural tourism will deliver bigger returns for the Pacific: World Bank

    Adventure and Cultural tourism will deliver bigger returns for the Pacific: World Bank

  • Women
    Australia boosts water sanitation in Solomon Islands

    Australia Boosts Water Sanitation Access

    Suvania 1 - Champions of Avaiki Netball championship

    Avaiki Netball Championship Ends

    Solomon Stars in Women's Football visit Lionesses

    Solomon Stars Visits Lionesses At FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

    SI Female Journalists To FIFA Women’s World Cup

    Solomon Islands Roads and Aviation Project (SIRAP) Takes Action Against Gender-Based Violence

    Solomon Islands Roads and Aviation Project (SIRAP) Takes Action Against Gender-Based Violence

    20 women and girls participate in new ‘green construction’training program.

    20 women and girls participate in new ‘green construction’training program.

    Cervical cancer preventable – early detection key: Bainivalu

    Cervical cancer preventable – early detection key: Bainivalu

    More females as Tina hydro project progresses

    More females as Tina hydro project progresses

    Strengthening the Resilience of Women and Girls to Disasters: Solomon Islands Government,  Australia and UN Women launch new programme. 

    Strengthening the Resilience of Women and Girls to Disasters: Solomon Islands Government,  Australia and UN Women launch new programme. 

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SOEs financially successful because of robust legal frameworks – ADB Report

Georgina Kekea by Georgina Kekea
13/05/2023
in Business, News
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Solomon Islands’ robust legal framework for state-owned enterprises (SOEs) has contributed to the financial success of its largest SOEs and generated the highest portfolio returns among nine Pacific island countries, a new Asian Development Bank (ADB) report says.   
Finding Balance 2023: Benchmarking Performance and Building Climate Resilience in Pacific State-Owned Enterprises compares the performance of SOEs in Fiji, Kiribati, the Marshall Islands, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu, and tracks the progress of SOE commercialization in the region.  The report’s findings were discussed by government, business, and civil society representatives at a Finding Balance 2023 launch event today in Honiara. 
“Solomon Islands’ SOE framework requires SOEs to operate profitably, appoint suitably- skilled directors, and adhere to robust corporate planning and reporting standards,” ADB Pacific Liaison and Coordination Office Regional Director Shane Rosenthal said. “This will ensure Solomon Islands’ SOEs remain on a strong financial footing in the future.” The average returns among Solomon Islands’ 11 surveyed SOEs improved markedly from 2010, driven by improved collections, tariff setting, and the implementation of the 2007 SOE Act and its 2010 regulations. These regulations required SOEs to operate as commercial businesses.
The average return on equity for Solomon Islands’ SOEs from 2010–2020 was a Pacific-leading 10%, while the average return on assets was 7% over the same period. 
Finding Balance 2023, produced by the Pacific Private Sector Development Initiative (PSDI), has a special focus on the risks posed by climate change, and how Pacific governments and state-owned utilities can manage its effects and build resilience.  The report finds that state-owned utilities that are more commercialized may be more inclined to respond to incentives to decarbonize and invest in protecting their assets. It also shows that SOEs in the Pacific have improved their returns, but are still failing to cover their cost of capital.   

FINDING BALANCE 2023 KEY FINDINGS FOR SOLOMON ISLANDS:’

 Number of SOEs: 11  
 Dominant industries: Power, aviation, ports, water  
 Book value of assets (2020): S$3.1 billion
 SOE total fixed assets in economy (2020): 16–28%  
 Average portfolio contribution to GDP (2010–2020): 3%  
 Average return on assets (2010–2020): 7%
 Average return on equity (2010–2020): 10%

SOLOMON ISLANDS SOE REFORM HIGHLIGHTS, 2015–2022: 
 The adoption of an SOE Ownership Policy in 2018, committing the government to review the rationale for SOE investments; actively explore public-private
partnerships (PPPs); and strengthen SOE oversight by consolidating responsibility in the Minister of Finance.
 The preparation of amendments to the SOE Act to strengthen governance and ownership oversight.
 The establishment of the Solomon Islands Airport Corporation under the Companies Act and SOE Act. This is a positive step towards commercialization of Solomon Islands’ airports.
 Reaching financial close on the country’s first large PPP project, the Tina River hydroelectric plant, in 2019.

 PSDI is an ADB technical assistance program undertaken in partnership with the governments of Australia and New Zealand. PSDI supports ADB’s 14 Pacific developing member countries to improve the enabling environment for business and to achieve inclusive, private sector-led economic growth. 

Source: ADB

Georgina Kekea

Georgina Kekea

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