23 Aug 2007

Business investment and employment in Solomon Islands on the rise - says report

11:30 am on 23 August 2007

A Foreign Investment report says that business investment and employment in Solomon Islands is on the rise, since the introduction of the new Foreign Investment Act.

The total number of new foreign investors is at a record level of 143 since the new Act came into force in July 2006.

The 2007 quarterly report of the Foreign Investment Division shows a further 30 new foreign companies and individuals investing in the country during the second quarter of 2007.

The Government Communications Unit says the total value of planned investment since the commencement of the Act to the end of second quarter of 2007 is 2-point-3 billion Solomon Islands dollars.