The SINPF Board invites application from competent qualified and experienced candidates to fill positions which are currently vacant within the SINPF Board Head Office. Please visist to job vacancies page for details
You can access the latest Solomon Islands National Provident Fund news and media releases below.
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.
The Manager Finance position with the Solomon Islands National Provident Fund will be vacant on 6th April 2018 and as required by Fund Policy this is now being advertised.
For more information please visit Job vacancies page.
South Pacific Oil Limited (SPO) Board Chairman, Mr Gideon Zoleveke Jr.
Members of the SPO Board
SINPF Board, Management, and Staff
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.
The Chairman of the Board of Heritage Park Hotel Limited, Mr Mel Togolo MBE, said “It is not my role to speak on behalf of Solomon Islands National Provident Fund, and I don’t purport to, but I am extremely disappointed that the good name and reputation of Heritage Park Hotel is being denigrated by negative press articles related to returns to SINPF.” Mr Togolo added “I was appointed to the Board by Nasfund of Papua New Guinea, who are the majority shareholder in Heritage Park Hotel.