8 Apr 2009

Solomon Islands govt pins hopes on foreign investment act

8:54 am on 8 April 2009

The Solomon Islands government is hopeful the country's foreign investment act will facilitate more trade and investment activities during the global economic and financial crises.

But Prime Minister, Doctor Derek Sikua told parliament that it is crucial, the productive sector generates new investment activities.

The Solomon Islands Broadcasting Corporation reports that Doctor Sikua says Government is committed to ensuring that development projects in the provinces, especially national projects in Malaita province, are operational.

Dr Sikua says his government is also optimistic that priority projects in the areas of fisheries, agriculture, mining and tourism are implemented as soon as the current financial crises in over.

He told Parliament that despite the declining volume of natural and loggable forests, Solomon islands has great potential in forestry plantation and must work hard to realise the benefits from the sector.