Central Malaita Student Association Blog Site: GOVERNMENT REMOVES FINANCIAL SUPPORT TO STATE OWNED COMPANIES

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.........................................WELCOME......................................... The Central Malaita Students Association (CMSA) is a multi-dialect and cultural Student Group Consisting of students from Kwara’ae, Langalanga, Kwai and Ngongosila, Malaita Outer Islands, Kwaio and Fataleka. Our vision and objective is to protect the norms and cultural values of our members while at the same time we enhance our academic knowledge and skills towards the promotion of development and the improvement of living standards in our respective regions. .............................................DISCLAIMER............................... The site welcomes any contribution by way of information, comments, news articles, photos etc from its members and interested members of the public to ensure we are well informed of all the developments in our villages, constituencies, regions, islands, country, region and the world at large as well. However, any transmission of information, news and comments is intended only for the use of the members of the Association. Any use or dissemination of information provided in this site in other websites or medium of information is not the responsibility of the Association, and the Association cannot be held liable for it. The contents of this webpage, unless expressly stated, do not comprise the views of the Association or any representation by the Association, but are views of its individual members. .

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Central Malaita Student Association(CMSA) would include Malaita Outter Islands student as of next year.That means if you are from Malaita Outter Islands, you are part of CMSA.
This site is currently undergoing some major changes.

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I WILL BE AWAY FOR TWO WEEKS IN THE SOLOMONS. WHILE I AM AWAY, N.G, COULD YOU KEEP OUR SITE UPDATED WITH ALL THE LATEST NEWS FROM HOME. I WILL BE BACK ONLINE IN AUGUST - PM

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REACHING OUT....A young boy from Kilusakwalo reading through a pamphlet about RAMSIâs work in Solomon Islands which was distributed during a meeting by a RAMSI Outreach Team to the village yesterday. PICTURE: MOFFAT MAMU administrator

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A Malaita Ramo - JanesOceania.com

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Tennis Queen Irine George from Central Malaita" ">

Wednesday, February 07, 2007

GOVERNMENT REMOVES FINANCIAL SUPPORT TO STATE OWNED COMPANIES

Department of Prime Ministers Office,
By George Herming

The Government has announced the removal of its financial backing to State Own Enterprises (SOE) for under performance and poor governance.
Finance Minister Gordon Darcy Lilo made the announcement when tabling the 2007 budget in Parliament today.
Minister Lilo said SOE’s have a history of poor performance and lack of accountability in their operations.
“I am obliged to announce that the Government is withdrawing its annual subventions to SOEs,” he said.
The Minister added that the government would only reconsider support when SOE’s adopted sound and transparent management approaches in their operations.
“The Government may consider providing subventions to SOEs that adopt good governance and prudential principles and have established and justified that such assistance is absolutely required for their sustenance to deliver on their mandated responsibilities,” Mr Lilo said.
The Minister said the government will introduce a new SOE Act later this year in a move to address problems affecting state companies.
“We will introduce an effective and consistent framework for good governance across all SOEs, including clarifying roles and responsibilities of Ministers and the Board.
“The new Act will not replace other related specific pieces of legislation but will work alongside and complement them,” he said.
In addition, the Government is updating all SOE accounts with donor assistance as well as encouraging all enterprises to develop and publicize their services.

posted by administrator @ 8:12 AM

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