BY SAMIE WAIKORI
The Malaita Provincial Government (MPG), under the leadership of Premier Asilaua, has announced its commitment to pursuing business and investment policies aimed at boosting trade and investment in Malaita Province.
In alignment with the Malaita Economic and Trade Growth (MECTG) redirection policy, the initiative will focus on the development of investment, sole trader, trade, industry, and local-foreigner partnership business policies.
This policy aims to establish principles and a procedural framework for guiding Malaita Province’s operations and achieving its objectives. It will serve as a roadmap for the Malaita Provincial Business Authority, providing clear and consistent direction for employees, management, and stakeholders in decision-making and operations.
The investment policy will act as a strategic guide for planning and implementing investment programs. It emphasizes good governance and accountability in asset allocation, risk management, and performance monitoring. The policy will also set guidelines for engaging internal and external investment managers while ensuring transparency through proper reporting.
This policy focuses on building Malaita’s economic capacity through sustainable trade and investment. It aims to promote human capital development, reduce poverty, and improve living standards in the province. The policy’s long-term impact includes wealth creation and increased employment opportunities for the people of Malaita and Solomon Islanders.
The trade policy is designed to manage the international exchange of goods and services between Malaita and national, regional, and international economies. It will regulate imports and exports while promoting export activities to strengthen Malaita’s role as an agent of the national government in global trade.
This policy emphasizes government support for businesses to reshape or enhance specific economic activities. It focuses on regulatory compliance and legal frameworks to support business growth, particularly for entities based on activity, technology, size, and location.
The partnership policy aims to establish strategic alliances between local and foreign investors. It leverages local knowledge of the business environment, customer preferences, cultural norms, and regulatory landscapes to help businesses navigate market complexities and make informed decisions.
The MPG, guided by the MECTG redirection policy, is committed to ensuring these business frameworks are in place to encourage trade, investment, and sustainable economic growth for the people of Malaita Province.
