News & Updates

You can access the latest Solomon Islands National Provident Fund news and media releases below.

SINPF Board Mission, Growing Members Wealth - Letter to Editor Solomon Star

In the recent past, your paper had published several commentaries on some of the Fund’s investments. I would like to generally clarify and one in particular by the MMF President on Solomon Telekom Company Ltd (STCL) past dividends declared by the company for its shareholders - the SINPF members’ and Investment Corporation of Solomon Islands (ICSI).

This clarification is to affirm that these dividends were made for our members’ income for those years and are within the rules of the company.  

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ICSI and SINPF sign historic Shareholders Agreement in Solomon Islands Submarine Cable Company Limited.

On Friday 20th July 2018 the Investment Corporation of the Solomon Islands (ICSI) and The Solomon Islands National Provident Fund (SINPF) signed and executed their Shareholders Agreement, allowing them to complete the purchase of their shareholding in Solomon Islands Submarine Cable Company Limited (SISCC). 

ICSI has a 51% share in the Company worth $123M SBD and SINPF 49% share for an equity contribution of $119M SBD, yielding a total capitalisation of $242M SBD ($29.7M USD). 

SISCC have also purchased the remaining assets of the Solomon Oceanic Cable Company (SOCC) from SINPF for a consideration of $20M SBD. SINPF will loan SISCC the $20M required for this purchase with interest accumulating on the outstanding balance.

Independent External Procurement Policy Reviewer

The Solomon Islands National Provident Fund Board is working towards a robust governance process that can aid to provide effective, efficient, optimum use of resources to accomplish the standard required customer service to members, employers and other stakeholders while at the same time explore avenues to minimize and mitigate potential risks to members’ savings with SINPF.

To achieve this, the SINPF Board is seeking the services of an external consultant to assist its Management team. Please go to job vacancies page for details. 

ACCEPTANCE OF SOUTH PACIFIC OIL LIMITED 2017 DIVIDEND

 

South Pacific Oil Limited (SPO) Board Chairman, Mr Gideon Zoleveke Jr. 

Members of the SPO Board

SPO General Manager, Mr. Carson Corowa
SPO
Chief Finance Officer, Mr. Kunal Nandan
SPO Management and
Staff

SINPF Board, Management, and Staff
Invited Media

An hour or so ago, South Pacific Oil Limited (SPO) held its Annual General Meeting (AGM) in which the AGM approved a total Dividend amounting to SBD 73 million for the 2017 financial year that ended on 31 December 2017.

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Contact Us at : P.O. Box 619, NPF Building, Mendana Avenue, Honiara, Solomon Islands  |  Phone : (+677) 21659  |  Fax : (+677) 20484  |  E-mail : enquiry(at)sinpf.org.sb | info(at)sinpf.org.sb

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