SOLOMONS BUSINESSES BATTLE TO SURVIVE

admin's picture

HONIARA, Solomon Islands (November 20, 2001 - Solomon Islands Broadcasting Corporation/PINA Nius Online)---Most businesses in the Solomon Islands are striving to survive, while others already have closed, Solomon Islands Chamber of Commerce and Employers Chairperson David Quan has announced.

Mr. Quan told a seminar conducted by the Economic Association of the Solomon Islands that there is no "quick fix" solution to the financial and economic problems facing the country.

They follow two years of Guadalcanal and Malaita ethnic conflict and continuing law and order problems.

But with determination to achieve positive changes, he stressed, the country can recover from its economic chaos.

However, Mr. Quan emphasized that to achieve that Solomon Islanders must help themselves first.

The Chamber of Commerce chairperson reiterated that the private sector is the engine of growth for the economy.

He also expressed concern that successive governments had done little to enhance business growth.

Mr. Quan urged the government to strengthen the police, prison authorities and the judiciary in order to restore and maintain law and order.

He said foreign investors will invest their money if the country can guarantee them secure and safe conditions conducive to economic development.

For additional reports from the Solomon Islands Broadcasting Corporation, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Solomon Islands Broadcasting Corporation.

Pacific Islands News Association (PINA) Website: http://www.pinanius.org 

Rate this article: 
No votes yet

Add new comment