Government Identifies Three Key Sectors to Take Over From Logging
6/5/08
Government identifies three key sectors to take over from logging Tourism, Fisheries and Agriculture sectors have been identified by the CNURA government to take over from logging. Acting Finance Minister, Gordon Darcy Lilo made the announcement in a press conference with local media last week. “It is so important to prepare ourselves structurally, with the sector that will be able to take over the burden of generating economic benefits to the country that is currently being done by the logging sector.”
See: http://solomontimes.com/news.aspx?nwID=1742
Logging Revenue Decline, Negative Economic Impact
6/5/08
The decline in logging revenue in five years time is predicted to have a negative impact on the economy. In response to the situation, the Sikua government last week launched its Medium Term Fiscal Strategy to ensure the impact of the revenue decline is minimized. The acting Finance Minister, Hon. Gordon Darcy Lilo warned that there are very significant medium term challenges to economic growth and prosperity in Solomon Islands.
See; http://solomontimes.com/news.aspx?nwID=1723