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 and value for money 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.
News & Updates
You can access the latest Solomon Islands National Provident Fund news and media releases below.
The SINPF Board is pleased to purchase a new 10-year $120 million bond from the Solomon Islands Government (SIG) current $300 million bond issue.
This is a new investment that will bring additional income of $6 million per annum on our members fund from the new bond coupon rate of 5% pa.
The financing of the new $120 million is supported by the sale of our recent $60 million SIG long term development bond to the Central Bank of Solomon Islands (CBSI). The sale was made possible in a secondary market established by the CBSI for long term government bonds.
The Solomon Islands National Provident Fund Board (SINPF) wishes to advise the general public that the Tavanipupu Island Resort Management Contract with Adimaisau Resort Ltd had expired effective 1st November 2020.
The resort will be operated as a weekender and for corporate meetings only as part of the government domestic bubble.
The SINPF Board has considered and accepted Private Island Investments Limited (PIIL) proposal to lease Tavanipupu Island resort for a period of 5 years with an option to renew for another period. PIIL’s successful bid is amongst other entities who had applied to either lease the resort or to manage the resort on behalf of the Fund.
Solomon Islands National Provident Fund Board Chairman Dr. Jimmie Rodgers has declared 3.7% Dividend interest for Financial Year ending June 2020 at the Heritage Park Hotel in Honiara.
Speaking at occasion at Heritage Park Hotel he said the value of the dividend valued at 95 million will be credited to members’ accounts.