The Solomon Islands government has ordered the immediate cessation of import operations at sufferance wharves that do not comply with international maritime security requirements, citing risks to national revenue and border security.

Minister of Finance and Treasury Rexon Ramofafia directed the immediate closure of all sufferance wharves without accreditation under the International Ship and Port Facility Security (ISPS) Code. The directive took effect on September 4, 2026.

The move is part of what the government described as a decisive intervention to address security gaps at facilities that do not hold ISPS accreditation from the Solomon Islands Maritime Authority (SIMA).

Ramofafia said compliance with international maritime security standards is a strategic requirement and warned that Solomon Islands must not be regarded as a weak link in the global trade system.

Under the directive, the Comptroller of Customs and Excise has been instructed to close sufferance wharves that fail to meet ISPS requirements under the SIMA legal framework.

The Comptroller has also been directed to strengthen monitoring and enforcement at approved facilities, with operations only permitted to resume once full compliance has been demonstrated and verified.

Customs controls tightened

For sufferance wharves that are ISPS-compliant and authorised to operate, Customs must ensure duties and taxes are paid in full before cargo is released.

The directive prohibits the pre-release of goods and requires authorities to ensure that prohibited or restricted items are not landed at approved facilities.

Wharf operators must also ensure that all port dues are paid and that security declarations are obtained. The safety of customs officers, revenue and cargo must be maintained at all times.

Ramofafia said the measures are not intended to obstruct legitimate trade but to ensure that imports move through secure, regulated and internationally compliant facilities.

“Security compliance is essential to efficient trade facilitation. It protects our revenue, upholds our international obligations, and maintains confidence in our maritime security space,” he said.

The minister acknowledged the role sufferance wharves play in supporting economic activity but said continued operation of non-compliant facilities presents unacceptable risks to cargo security, revenue collection and the integrity of Solomon Islands' border-control regime.

The government has urged importers, exporters, shipping agents, customs brokers and wharf operators to ensure their operations and documentation comply fully with applicable legal and security requirements.

Papua New Guinea and Solomon Islands have reaffirmed their commitment to deeper economic cooperation, with business groups from both countries describing the inaugural PNG–Solomon Islands Investment Conference as the starting point for a more structured commercial partnership.

The Papua New Guinea Solomon Islands Business Council (PNGSIBC) and Solomon Islands Chamber of Commerce and Industry (SICCI) welcomed the commitment of Papua New Guinea Prime Minister James Marape and Solomon Islands Prime Minister Matthew Wale, as well as the participation of government leaders and public officials from both countries.

The conference, themed “From Opportunity to Investment – Building the PNG-Solomon Islands Growth Corridor”, was the first investment conference between the two Melanesian nations. It was designed to support the implementation of the PNG-Solomon Islands Economic Framework Agreement on Development and Economic Cooperation 2026-2030, signed in June.

The event brought together government representatives, private-sector executives, investors, financial institutions, development partners and business leaders from Papua New Guinea, Solomon Islands and the wider region to explore opportunities for increased trade, investment and economic cooperation.

According to PNGSIBC and SICCI, the strong participation demonstrated growing interest in business-to-business and business-to-government engagement, supported by strategic and sustainable policy frameworks from both governments.

Discussions focused on potential investment and commercial opportunities across infrastructure, mining, telecommunications and digital services, financial services, agriculture, fisheries, tourism, energy, resources and professional services. Youth and micro, small and medium-sized enterprise development were also highlighted.

The organisations said the two countries' geographical proximity, shared Melanesian heritage, longstanding people-to-people links and complementary economic opportunities provide a strong foundation for closer commercial relations.

Central Bank of Solomon Islands Governor Dr Luke Forau was among the speakers at the conference.

Focus shifts from opportunities to implementation

PNGSIBC and SICCI said they would build on the conference's momentum by working with governments, development partners and the private sector to advance a number of priorities.

These include increasing bilateral trade and investment, facilitating business and investor connections, supporting joint ventures and partnerships, expanding opportunities for MSMEs and local businesses, and addressing barriers affecting the movement of businesspeople, skills, goods and investment.

The two business organisations will also advocate for greater private-sector participation in major development and infrastructure projects and establish a continuing platform for dialogue between governments, investors and businesses.

They said practical measures to make it easier to conduct business between Papua New Guinea and Solomon Islands would remain a priority.

“The Investment Conference should therefore be regarded not simply as an event, but as the beginning of a stronger and more structured economic partnership between the private sectors of our two countries,” PNGSIBC and SICCI said.

A work plan is being developed to capture the conference's key outcomes and practical recommendations arising from the discussions. A report card from the Joint Organising Committee is also expected to be presented at future conferences to track progress.

SICCI Vice-Chair Gordon Denty welcomed the support provided by both governments and the private sector for a sustainable development agenda, saying the inaugural conference had exceeded expectations.

The two organisations said the next phase would focus on translating the relationships and opportunities identified at the conference into investment, businesses, jobs and sustainable economic benefits for people in both countries.

The initiative represents an effort by Papua New Guinea and Solomon Islands to move beyond diplomatic and political ties towards a more integrated economic relationship, with the proposed growth corridor providing a framework for long-term private-sector cooperation.

Papua New Guinea and Solomon Islands are seeking to deepen economic cooperation, increase cross-border investment and develop stronger business-to-business partnerships as the two Melanesian neighbours work to translate longstanding political ties into economic gains.

PNG Prime Minister James Marape made the call during the inaugural Papua New Guinea-Solomon Islands Business Investment Forum in Honiara, held under the theme “From Opportunity to Investment: Building the PNG-Solomon Islands Growth Corridor.”

The forum brought together government leaders, investors, business executives, financial institutions and private-sector representatives from both countries.

Marape said the forum should mark the beginning of sustained economic engagement between the two countries, with a focus on investment, trade, employment, downstream processing and greater economic independence.

“What good is political independence without economic independence?” Marape said, calling for both countries to build economies strong enough to stand on their own feet.

He said PNG and Solomon Islands were permanent neighbours whose economic interests were closely linked by geography, culture and history.

“We must construct a future that is fair and balanced, respects our people and our businesses, and allows us to walk step by step, side by side, into the future,” he said.

The forum followed Solomon Islands Prime Minister Matthew Wale’s official visit to Port Moresby in June, during which the two countries signed the Framework Agreement on Development and Economic Cooperation 2026-2030.

The agreement provides a framework for cooperation in trade and investment, mining, fisheries, agriculture, infrastructure and other areas of mutual economic interest.

Marape said the Honiara forum was intended to translate that government-level commitment into private-sector projects and partnerships.

“When Prime Minister Wale visited Port Moresby, we agreed that our relationship must produce tangible outcomes for our countries,” he said. “We have established the government framework. Now we want our private sectors to identify projects, establish partnerships and turn those opportunities into investment.”

PNG investment presence

PNG already has a significant commercial presence in Solomon Islands.

A 30-year review records 126 PNG-origin registered investments across 18 sectors, including agriculture, communications and information technology, construction, financial services, fisheries, mining, insurance, professional services, retail and wholesale, tourism and transportation.

The investments have proposed employment for more than 7,500 Solomon Islands citizens, with agriculture, professional services and fisheries among the largest employment-generating sectors.

Marape said PNG businesses had demonstrated that they could invest successfully beyond the country’s borders while creating jobs and contributing to a neighbouring economy.

“Papua New Guinean businesses have demonstrated that they can successfully invest beyond our borders while creating employment and contributing to the economy of a neighbouring Pacific country,” he said.

He encouraged Solomon Islands businesses to similarly explore opportunities in PNG.

Joint investment opportunities

Marape said the two countries had opportunities to cooperate in mining, fisheries, agriculture, energy, tourism, infrastructure, financial services, telecommunications, transport and downstream processing.

He particularly highlighted opportunities for joint ventures and partnerships between businesses in both countries.

“If we can source capacity from each other, let us source it. If we can have joint ventures amongst each other, let us have those joint ventures,” he said.

PNG businesses already operating in Solomon Islands include companies in property, finance, retail, fisheries, professional services, construction and other sectors.

Marape encouraged PNG businesses operating in Solomon Islands to develop local partnerships and support the growth of Solomon Islands-owned small and medium-sized enterprises.

“PNG businesses, as you work here, incubate a local business to be your value partner,” he said. “A good relationship, a good business venture and a good reputation is premium capital.”

Mining, fisheries opportunities

The two countries’ marine resources represent another potential area for cooperation, Marape said, particularly in fisheries.

PNG and Solomon Islands have large exclusive economic zones with significant tuna resources. Marape called for greater domestic processing and manufacturing rather than simply harvesting and exporting fish.

“We have been open for business for so long. We now want to go into partnership,” he said. “We want to step up processing of our catches in our respective countries.”

He said stronger cooperation could help the two countries build regional value chains for tuna and other marine products while creating employment and retaining more economic value domestically.

Marape also encouraged responsible investment in mining and energy, saying investors should receive reasonable returns while host countries, landowners and local businesses benefit through taxation, royalties, equity and local content.

In a separate bilateral meeting with Wale at the Heritage Park Hotel, Marape said Solomon Islands had again invited PNG investors to participate in its economy.

He said more than K1 billion of PNG investment was already present in Solomon Islands, with more than 59 PNG companies of various sizes operating there.

“We already have over K1 billion worth of Papua New Guinea investments in Solomon Islands, with more than 59 PNG companies of different sizes operating here,” Marape said.

He said the two countries could also explore joint participation in major mining projects, including arrangements that would ensure Solomon Islanders remained the principal beneficiaries of their natural resources.

Marape said PNG was prepared to consider equity structures in which Solomon Islands government entities, companies, provincial governments and landowners retained majority interests, while PNG companies contributed capital, expertise and experience.

“We are not coming here simply to take resources out. We want genuine partnerships in which Solomon Islanders remain beneficiaries of their own resources while our companies contribute capital, expertise and experience,” he said.

Economic relationship

The leaders also discussed trade and investment, border arrangements, mining, fisheries, agriculture, education, policing and security, air connectivity and other areas of bilateral cooperation.

Marape said the direct air connection between Honiara and Port Moresby would help facilitate the movement of businesses, investors and people between the two countries.

He said both governments needed to ensure that bilateral agreements translated into practical economic outcomes.

“Our political relationship is strong, our cultural and historical relationship is permanent, and now we must build the economic relationship to the same level,” Marape said.

“A stronger PNG-Solomon Islands economic corridor will strengthen both countries and contribute to a more economically resilient Melanesia and Pacific,” he said.

Marape said PNG’s economic diplomacy should also encourage domestic companies to expand internationally, rather than focusing solely on attracting foreign investment into the country.

“Papua New Guinea must also become an investor in the Pacific and, increasingly, beyond our region,” he said.

He identified banks, telecommunications companies, resource businesses, superannuation funds, agricultural companies, professional firms and SMEs as potential regional investors.

The prime minister said stronger economic integration between PNG and Solomon Islands could serve as a model for wider Melanesian and Pacific economic cooperation.

“A healthy Solomon Islands is a healthy PNG. A healthy PNG is a healthy Solomon Islands,” Marape said.

“Our strength is in economic prosperity.”

He urged businesses attending the forum to focus on practical opportunities, identify projects and establish joint ventures as the two countries seek to build a stronger economic relationship over the coming years.

A decade-long partnership between the Foundation for Rural Integrated Enterprises and Development (FRIEND) and Motibhai Group of Companies is helping rural Fijian producers turn locally made products into commercially viable businesses, Fiji’s Deputy Prime Minister Manoa Kamikamica said.

Speaking at the partnership’s 10th anniversary celebration in Walu Bay, Kamikamica said the initiative demonstrated the importance of connecting rural producers with established commercial networks.

FRIEND has developed relationships with rural producers, while Motibhai has provided distribution, retail access and commercial expertise to help locally made products reach wider markets, he said.

“Behind every carton of product that leaves this building for a supermarket shelf, there is a family,” Kamikamica said. “That is the real economics of rural Fiji.”

The partnership now supports 31 distinct, 100% Fijian-made products, including chutneys, pickles, herbal teas, gluten-free flours, dried fruits, spices and desiccated coconut. The products are supplied to retail, hospitality and wholesale markets.

FRIEND Acting Chief Executive Officer Viloki Gohil said the organisation began 25 years ago by supporting communities affected by the economic and social disruption following Fiji’s 2000 upheaval.

The organisation helped communities turn existing skills and locally available resources into livelihood opportunities. Women with experience making preserves, for example, were supported to develop products for commercial sale.

Gohil said FRIEND initially had to develop its own understanding of the practical requirements for getting community-made products into formal markets, including barcodes, packaging, quality control, distribution and shelf management.

“For about 10 years, our team sold in markets, cleaned the shelves, distributed the jars and showcased these products at expos and fairs within Fiji and abroad,” Gohil said.

She said Motibhai’s involvement a decade ago helped address a major challenge by providing access to logistics, retail outlets and broader market opportunities.

Kamikamica said the partnership reflected the Fiji government’s efforts to help micro, small and medium enterprises and cooperatives transition from informal activity to sustainable and competitive businesses.

“This is not a charity model. It is a commercially sound, mutually beneficial partnership that happens to also elevate rural communities,” he said.

Gohil said FRIEND was entering a new phase focused on market expansion, scalable growth and food innovation.

The government will continue supporting rural producers through cooperative development, MSME programmes and improved access to finance, certification and market linkages, Kamikamica said.

He congratulated FRIEND and Motibhai on the partnership’s 10th anniversary and acknowledged the farmers, rural women’s groups and community producers whose work remains central to the initiative.

Fiji's emerging innovation ecosystem is entering a new phase, with the government calling for deeper collaboration between entrepreneurs, investors, industry leaders and development partners to turn ideas into businesses, jobs and new economic opportunities.

Deputy Prime Minister and Minister for Industries, Commerce, Business Development and Public Enterprises Manoa Kamikamica made the call while opening the inaugural Fiji Innovation Hub Showcase in Suva.

Kamikamica said the focus must now move beyond establishing a physical innovation space to building the community and business networks needed to sustain Fiji's innovation ecosystem.

“The greatest return on this investment will come from the businesses you build, the jobs you create, the problems you solve and the opportunities you generate for communities across Fiji,” Kamikamica said.

The Fiji Innovation Hub is a strategic partnership involving the government, Reserve Bank of Fiji and development partners, with the long-term ambition of becoming a centre for Fiji's innovation and entrepreneurship ecosystem.

The Hub is intended to give entrepreneurs access to mentorship, connect innovators and students with investors and industry, help businesses identify growth opportunities and new markets, and strengthen the contribution of innovation to productivity, employment, economic growth and resilience.

Building an entrepreneurship ecosystem

Kamikamica said achieving those objectives would require sustained commitment from the private sector and could not be delivered by government alone.

He called on business leaders, investors and experienced professionals to take a more active role in mentoring emerging entrepreneurs, sharing expertise, opening professional networks and helping promising businesses establish connections to finance and markets.

For founders and emerging entrepreneurs, such networks can be critical as they seek to expand into new markets, secure financing and manage the challenges associated with business growth.

The Innovation Hub Showcase has brought together participants through partner panels, founder conversations, Talanoa sessions and networking opportunities designed to encourage the exchange of ideas and identify potential areas for collaboration.

International and private-sector support

Kamikamica acknowledged the support of the United Nations Development Programme, the United Nations Capital Development Fund's Pacific Digital Economy Programme, the European Union, the governments of Australia and New Zealand, the Reserve Bank of Fiji, Creative HQ, Mastercard, HFC Bank and Fiji Airways.

The range of partners reflects the government's effort to build an innovation ecosystem that connects public institutions with financial, business, technology and development-sector organisations.

With demand for programmes, mentorship, networking and support services continuing to grow, Kamikamica said the momentum around the Hub showed that Fiji's innovators were ready for the next stage.

The challenge, he said, is now to convert that momentum into measurable outcomes, including stronger businesses, more jobs, practical solutions and wider economic opportunities.

The government ultimately wants the Fiji Innovation Hub to help position the country as a leading Pacific centre for innovation and entrepreneurship while creating opportunities for future generations in Fiji and across the wider Pacific.

Fiji has opened a new innovation hub in Suva aimed at helping entrepreneurs turn ideas into businesses, jobs and new economic opportunities.

Deputy Prime Minister and Minister for Industries, Commerce, Business Development and Public Enterprises Manoa Kamikamica officially opened the Fiji Innovation Hub Space at the Reserve Bank of Fiji.

Kamikamica said the hub would provide entrepreneurs with access to mentors, investors, development partners and other innovators as they develop ideas and take them toward commercialisation.

“Today is about much more than the opening of a space. It is an important milestone for Fiji,” Kamikamica said.

He said innovation was increasingly important as Fiji sought to overcome the constraints of a small domestic market, geographical distance and exposure to climate-related shocks.

Innovation was “not a luxury” but a necessity, particularly as artificial intelligence, fintech, e-commerce, agtech and climate technology create new opportunities for Fijian businesses, he said.

Improved digital connectivity is also allowing businesses based in Suva, Labasa and Savusavu to reach customers and markets beyond Fiji.

The Fiji Innovation Hub was developed through a partnership led by the Reserve Bank of Fiji and the UNCDF Pacific Digital Economy Programme, funded by the European Union and the governments of Australia and New Zealand.

Creative HQ, the Ministry of Industries, Commerce and Business Development, Mastercard, HFC Bank and Fiji Airways also supported the initiative.

The initiative began as a discussion in late 2024 and has developed into a multiyear programme focused on strengthening entrepreneurship and technology-led solutions.

Over the past year, the hub has provided training and capability development, organised hackathons and brought together innovators from urban centres, maritime communities and the Fijian diaspora.

Kamikamica said the permanent facility would provide a base for entrepreneurs to build partnerships, test ideas and develop businesses.

He said the hub’s success should ultimately be measured by the enterprises, investment, employment and opportunities it generates rather than by the facility itself or the number of activities it hosts.

The initiative supports the government’s broader goal of developing a more productive, inclusive and resilient economy, with innovation playing a greater role in strengthening micro, small and medium-sized enterprises and private-sector development.

Kamikamica said the government would continue working to remove barriers, improve the investment environment, strengthen digital infrastructure, expand financial inclusion and create policies that allow innovation to flourish.

He also welcomed additional support for the initiative, including sponsorship for the hub’s second year of activities from the Fiji Development Bank and the Ministry of Policing and Communications.

Kamikamica encouraged entrepreneurs using the facility to challenge conventional approaches, take risks and learn from setbacks as they develop solutions to Fiji’s economic and social challenges.

He said the hub represented confidence in Fiji’s people and its emerging generation of entrepreneurs, whose ideas could develop into new businesses and industries and strengthen the country’s position as an innovation centre in the Pacific.

Solomon Islands is seeking to deepen cooperation with Thailand in trade, investment, agriculture, tourism, education and skills development, Prime Minister Matthew Wale said following a meeting with Thailand’s ambassador to Solomon Islands.

Wale held a courtesy meeting with Ambassador Arjaree Sriratanaban in Honiara, where the two discussed opportunities to strengthen bilateral relations and expand economic cooperation.

Wale welcomed Sriratanaban and expressed Solomon Islands’ admiration for Thailand’s economic development, democratic resilience and cultural heritage.

“Thailand is a country we look to with a great amount of respect. There are lessons from your development experience that we can learn from and adapt to our own circumstances,” Wale said.

A key focus of the discussions was economic diversification and increasing value addition in agriculture. Wale said Solomon Islands needed to reduce its reliance on exports of raw resources by developing greater processing and manufacturing capacity.

He identified cocoa and coconut as commodities with significant potential for value-added processing.

Sriratanaban said Thailand was interested in diversifying its trade relationships and saw opportunities for greater engagement with Solomon Islands, including investment, food processing and supply-chain partnerships.

Tourism was also identified as an area with significant potential. Wale described the sector as largely untapped and encouraged greater engagement with Thailand, including exchanges and visits to learn from Thailand’s tourism industry.

The ambassador also outlined training programs and scholarship opportunities for Solomon Islands students and government officials.

Wale welcomed the opportunities as the government implements its free education policy and works to address shortages of qualified teachers and technical instructors.

The discussions also covered potential cooperation in climate resilience, renewable energy, fisheries, public health and community development.

Sriratanaban reaffirmed Thailand’s commitment to strengthening relations with Solomon Islands and promoting closer cooperation between the two countries.

Twenty-two small business operators and aspiring entrepreneurs have strengthened their skills in business planning, financial management, record-keeping and customer service through a three-day Start and Improve Your Business training program.

The training brought together recipients of the Trade Enhancement Program (TEP), existing small business operators and aspiring entrepreneurs, with a focus on helping participants better manage their finances, make informed business decisions and build more sustainable enterprises.

Permanent Secretary for Commerce and Business Development Dr. Radika Kumar encouraged participants to apply what they had learned to their businesses.

“This is the first step for all of you. The training has helped you build an entrepreneurial mindset and given you a boost of confidence,” Kumar said.

Micro, small and medium enterprises account for more than 80 percent of Fiji’s private sector, making the development of entrepreneurial skills important to supporting household incomes, employment and economic activity in communities.

Participant Marian Sivo, who operates a cakes and pastries business, said the training gave her a better understanding of the importance of maintaining proper financial records.

“Before this training, I thought that keeping records was simply paperwork. However, I now understand that proper records help us know how much money is coming into the business, how much is being spent and whether the business is actually making a profit,” Sivo said.

The training also covered the importance of separating personal and business finances, making responsible decisions and learning from challenges encountered while operating a business.

Business advisory services and further training will continue to support micro, small and medium enterprises in strengthening their operations and creating sustainable income opportunities.

Government officials, cooperative leaders and development partners from across the Pacific have agreed to explore establishing a Pacific Island Cooperative Network to strengthen regional cooperation and advance food security, economic empowerment and climate resilience.

The agreement was one of the key outcomes of the Regional Dialogue on "Cooperatives as Drivers of the Blue-Green Economy in the Pacific: Economic Empowerment and Food Security," held in Nadi, Fiji, from Jan. 28 to 30. The event was convened by the International Cooperative Alliance Asia and Pacific (ICA-AP) in partnership with Fiji's Department of Cooperative Business under the ICA-European Union Financial Framework Partnership Agreement Phase II.

The dialogue brought together senior government officials, cooperative regulators, practitioners and development partners from Fiji, Kiribati, Papua New Guinea, Solomon Islands and Vanuatu to discuss how cooperatives can strengthen food security, livelihoods and climate resilience across Pacific island economies.

Opening the event, Fiji's Acting Permanent Secretary for the Ministry of Commerce and Business Development, Peni Sikivou, welcomed participants before Finance, Commerce and Business Development Minister Esrom Immanuel delivered the keynote address, highlighting the role of cooperatives in promoting food security, sustainable livelihoods and resilience to climate change.

A keynote panel, moderated by ICA-AP Regional Director Balasubramanian Iyer, discussed the role of cooperatives in addressing market failures, strengthening food security and supporting community-led climate resilience.

The second day focused on thematic workshops covering agroforestry, organic farming, fisheries and marine cooperatives, as well as cooperative entrepreneurship and financing. Working group discussions resulted in the development of a Pacific Island Cooperative Action Agenda for the Blue-Green Economy.

Participants also visited Nature's Way Cooperative, Rise Beyond the Reef and Nawaka Cooperative in Fiji to learn about cooperative-led value chains, women's economic empowerment and community-based agriculture.

A key outcome of the dialogue was the collective agreement to explore establishing a Pacific Island Cooperative Network to strengthen regional representation, coordination and advocacy. Participants said the initiative would help provide a unified voice for Pacific cooperatives and elevate regional priorities in international policy discussions.

Solomon Islands Prime Minister Matthew Wale says the country's narrow economic base is the result of decades of policy choices rather than an unavoidable reality, pledging reforms aimed at delivering broader economic benefits to ordinary citizens.

Responding to the Speech from the Throne in Parliament this week, Wale said the country's economic structure had been shaped by decisions made — and not made — over more than 40 years.

"A small and narrow economy is not our destiny," Wale said.

"What choices have made, choices can unmake. I have named the disease before, and I name it again: elite capture, the quiet arrangement by which the wealth of this nation is harvested by a narrow few while the ordinary family carries the cost."

He said the GREAT Coalition Government was pursuing reforms designed to address long-standing economic inequalities and ensure the country's natural wealth delivers wider benefits.

According to Wale, the government's agenda reflects priorities expressed by citizens in villages, markets and churches, and through the ballot box.

"Our ambition is clear: that within the next 20 to 30 years, Solomon Islands will stand among the middle-income countries of the world, not by the charity of others, but through the disciplined harvest of our own God-given wealth," he said.

Wale said the success of the government's economic programme would be measured by its impact on households, particularly market vendors, farmers, fishers and unemployed graduates.

"This transformation will be judged by whether it reaches the ordinary family, the mother at the market, the fishermen and farmers in our provinces, and the young graduate walking the streets of Honiara with a certificate but no job," he said.

The Prime Minister said the government intends to shift the country's development model away from exporting raw resources towards greater domestic value addition.

"We are shifting to a model where the harvest of our land and seas is processed by Solomon Islander hands, on Solomon Islands soil, for Solomon Islander families," he said.

Wale said the change would require a fundamental reorientation of government policies as the administration seeks to build a more inclusive and resilient economy.

An $80 million mixed-use commercial development in Nadi is expected to create more than 680 permanent jobs, with the Fiji government describing the project as a major vote of confidence in the country's economy and private investment climate.

Finance, Commerce and Business Development Minister Esrom Immanuel unveiled the proposed Damodar City Nadi development, which is expected to generate employment across the retail, hospitality, technology and facilities management sectors.

The project is also expected to benefit local contractors, suppliers, farmers, tradespeople and small businesses through increased commercial activity.

According to the government, the development will feature a modern lifestyle precinct integrating shopping, dining, entertainment, accommodation, meeting facilities and collaborative workspaces in a single location.

"An investment of $80 million is far more than steel, concrete and modern architecture. It is a resounding vote of confidence in the Fijian economy," Immanuel said.

He said the project demonstrates the importance of collaboration between the government and the private sector as Fiji pursues broad-based economic growth, employment creation and greater resilience.

The government said the development would strengthen Nadi's position as Fiji's primary international tourism gateway while encouraging greater visitor spending by supporting economic activity beyond traditional business hours.

Officials said the precinct is expected to contribute to a safer and more vibrant 24-hour economy and provide new commercial opportunities for local entrepreneurs.

The project follows the Damodar Group's investments in Suva and its $60 million Damodar City Labasa development, expanding the company's presence into Fiji's Western Division after years of market planning.

The Nadi development will operate under the concept "Shop • Dine • Entertain • Stay" and will incorporate spaces designed to reflect Fijian culture, family life and community interaction.

Immanuel said investments of this scale help diversify economic activity, strengthen household incomes and support long-term national development.

"This is precisely the kind of investment our nation needs, one that strengthens our economy while strengthening the communities that make it up," he said.

The Coalition Government said it remains committed to maintaining a stable business environment that supports responsible private investment. Additional details on the official launch of the Damodar City Nadi project are expected to be announced in mid-2027.

Solomon Islands and the United States have signed a Shiprider Agreement to strengthen maritime surveillance, protect marine resources and combat illegal activities across the country's vast maritime domain.

Signed in Honiara, the agreement establishes a framework allowing authorized Solomon Islands law enforcement officers to embark on designated US vessels to conduct joint maritime surveillance and enforcement operations.

Under the arrangement, Solomon Islands officers will exercise their authority in accordance with national laws and agreed operational procedures, particularly for activities within the country's jurisdiction.

The Solomon Islands government said the partnership will enhance its maritime enforcement capabilities by providing access to additional patrol assets, surveillance platforms, technical expertise and improved information-sharing.

The agreement is expected to bolster efforts to combat illegal, unreported and unregulated fishing, transnational crime, illicit trafficking and other unlawful maritime activities while helping safeguard fisheries and marine resources that underpin the country's economy and livelihoods.

The government emphasized that the agreement is a cooperative law enforcement arrangement that does not diminish Solomon Islands' sovereignty, noting that the country retains full authority over its territorial waters, exclusive economic zone and enforcement of domestic laws in accordance with international law.

The partnership will also provide training and operational experience for Solomon Islands maritime and law enforcement personnel through collaboration with US counterparts.

According to the government, the agreement will improve maritime surveillance, strengthen intelligence sharing, enhance enforcement against illegal activities and expand operational capacity without requiring Solomon Islands to independently fund advanced maritime assets.

The government said the agreement forms part of its broader strategy to protect the country's ocean territory and marine resources for future generations.

The Solomon Islands government has stepped up its legislative and policy reform agenda, with the Prime Minister's Policy Implementation, Monitoring and Evaluation Unit (PIMEU) holding a second round of consultations with the Ministry of Commerce, Industry, Labour and Immigration.

The consultation, led by PIMEU's Legislative and Policy Reform Subcommittee with support from the Prime Minister's Office Productive Sector Unit, reviewed the ministry's work program, legislative priorities and policy reforms to align them with the GREAT Coalition government's agenda.

The ministry oversees business regulation, cooperatives and SMEs, industry development, immigration, labour, trade disputes, foreign investment, companies and charitable trusts, making it central to efforts to improve the country's investment climate.

Permanent Secretary Riley Mesepitu said closer collaboration with the Prime Minister's Office would help accelerate long-delayed reforms.

Among the ministry's priorities are modernising immigration services through electronic passport and visa systems, updating laws governing foreign investment, companies and business regulation, and reviewing labour legislation and wage policies to support economic growth while protecting workers' rights.

"Our objective is to create a modern, efficient and investor-friendly regulatory environment," Mesepitu said, adding that the government also aims to promote indigenous participation in the economy while advancing digital transformation.

Head of the Productive Sector Unit Nixon Kua said the consultations would help ensure ministries receive the legal and policy support needed to implement reforms more effectively and improve public services.

The consultation program will continue across government ministries as part of the GREAT Coalition's broader efforts to strengthen governance, modernise legislation, improve service delivery and create a more enabling environment for sustainable economic growth and private sector development.

Solomon Islands Acting Prime Minister Gordon Darcy Lilo received a delegation from the International Department of the Communist Party of China (CPC) during a courtesy visit on July 24, with both sides reaffirming their commitment to strengthening political party exchanges and bilateral cooperation.

The delegation was led by Zhao Hongtao, deputy director general of the CPC International Department, who is visiting the Solomon Islands to deepen engagement between political parties in the two countries.

During the meeting, Lilo and Zhao discussed opportunities to share experiences in party development and governance while acknowledging the differences between the Solomon Islands' multi-party political system and China's single-party system.

Lilo said the Solomon Islands could learn from the CPC's experience in governance and China's economic development.

"What matters is that Solomon Islands parties can learn from the success of the CPC in governing and building China into one of the successful and strong nations in the world today," he said.

Lilo also said he admired China's development strategies and reaffirmed the Solomon Islands' commitment to the One China Principle, adding that China's territorial integrity should be respected.

Beyond political cooperation, Lilo said the Solomon Islands was keen to learn from China's economic growth and its success in lifting millions of people out of poverty.

Zhao shared the CPC's experience in governance and reiterated the party's willingness to support political party development in the Solomon Islands while expressing respect for the country's multi-party system.

He said the CPC's achievements were reflected in China's long-term political stability and its transformation from an agrarian economy into the world's second-largest economy.

"Our vision is to share our experience and success to help others succeed in their aspirations and to contribute towards building a harmonious world for everyone," Zhao said.

The visit forms part of ongoing efforts to strengthen political dialogue and cooperation between the Solomon Islands and China following the establishment of diplomatic relations between the two countries in 2019.

House of Salt was named Fiji's National SME of the Year at the Fiji Development Bank (FDB) National Small and Medium Enterprise (SME) Awards 2025, where President Ratu Naiqama Lalabalavu praised entrepreneurs for driving economic growth, innovation and community development.

Speaking at the awards ceremony in Suva on July 24, the president described small and medium-sized enterprises (SMEs) as the "social and economic pillars" of Fiji and the country's "engine room," highlighting their role in creating jobs, improving livelihoods and strengthening the national economy.

"In today's rapidly evolving global economy, innovation is no longer optional but a necessity," Lalabalavu said, adding that businesses embracing change are best positioned to compete.

He said innovation is often reflected in practical improvements that boost productivity, sustainability and market access, and stressed the need for strong partnerships among government, educational institutions, industry and development partners to support entrepreneurs.

The president also emphasized that knowledge, technology, skills and opportunities should be accessible to entrepreneurs regardless of their location, enabling more Fijians to transform business ideas into successful enterprises.

He urged successful businesses to mentor emerging entrepreneurs, saying business growth should create opportunities not only for owners but also for employees, suppliers and local communities.

Held under the theme "Ignite, Innovate and Inspire," the annual awards recognized outstanding SMEs across multiple sectors.

2025 FDB National SME Awards winners

• National SME of the Year: House of Salt

• Best Agri-business SME: Shahils Party Ice and Frozen Supplies

• Sustainable SME: House of Salt

• Best Emerging SME: Leone Vulaca Prosthetic and Orthotic Centre

• Women Entrepreneur of the Year: Alchemus Prime

• Youth Entrepreneur of the Year: Nailed It

• Best Businessperson of the Year: Resonance Entertainment

• Best Cooperative SME: Lavena Coastal Walk Eco-Tourism Co-operative Limited

• Best Maritime SME: Delaivuna Farm Fresh Eggs

Lalabalavu also acknowledged the Fiji Development Bank's longstanding role in supporting enterprise development and helping local businesses grow through financing and capacity-building initiatives.

Fiji has reaffirmed its commitment to a safe, inclusive and digitally connected Pacific after joining regional leaders at the Pacific ICT Ministers Meeting in Port Moresby, where ministers endorsed new initiatives to strengthen digital cooperation and accelerate the region's digital transformation.

Led by Minister for Policing and Communications Ioane Naivalurua, Fiji joined other Pacific nations in endorsing the Digital Technologies and AI Principles for the Pacific, a framework intended to guide the responsible and ethical use of emerging technologies while supporting innovation, economic growth and Pacific values.

Ministers also reaffirmed their commitment to addressing the challenges posed by social media and advancing the Pacific Islands Digital Transformation Action Plan, with priorities including cybersecurity, digital resilience and the development of future-ready digital economies.

On the sidelines of the meeting, Naivalurua held discussions with Australia's Special Envoy to the Pacific on expanding digital cooperation under the Vuvale Partnership, including telecommunications resilience, cyber safety and digital skills development.

The minister also met with the Deputy Secretary-General of the International Telecommunication Union (ITU), thanking the organization for its technical support and reiterating Fiji's interest in hosting the ITU Pacific Area Office to strengthen the country's role as a regional hub for telecommunications policy and digital innovation.

During the visit, Naivalurua received a briefing from the Fiji High Commission on bilateral relations with Papua New Guinea, met members of the Fijian community in Port Moresby during a Talanoa session, and visited Vodafone PNG, where he commended the Fijian management team for expanding telecommunications infrastructure through the partnership between Amalgamated Telecom Holdings (ATH), the Fiji National Provident Fund (FNPF) and Vodafone Fiji.

Fiji's delegation, comprising senior government officials and technical experts from the Ministry of Policing and Communications, also participated in technical sessions and policy discussions aimed at advancing digital transformation, cybersecurity and regional digital cooperation across the Pacific.