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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.
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REACHING OUT....A young boy from Kilusakwalo reading through a pamphlet about RAMSI’s 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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Thursday, May 24, 2007
HIGH HOUSING RENTALS POSE FINANCIAL DISASTER
SIBConline News
12:54 hrs
24/05/2007

Skyrocketing housing rentals in the city and provincial capitals may pose a potential financial disaster in the long term.

This is the warning of Central Bank’s Deputy Governor Denton Rarawa while addressing journalists and participants at the Pre-PINA Economic and Business Reporting workshop held in Honiara on Tuesday.

He said high housing rates charged by landlords has indirectly barred locals from affording the high fees while expatriates such as those employed by the Regional Assistance Mission can easily afford the rates.Describing the trend as the ‘RAMSI effect’

Mr Rarawa said the lucrative housing and accommodation industry has also resulted in increase money lending given by the commercial banks to developing real estate.He said the danger would be eminent when RAMSI finally withdraw from the Solomon Islands, whereby the ‘housing bubble’ will explode to create a vacuum that may result in many real estate owners losing money and tenants, and not being able to repay their loans.

He said the Solomon Islands economy is one of the fastest growing in the Asia Pacific region.But Mr Rarawa says steep housing rates does not reflect the real market value of the housing market, thus creating an artificial economy driven by external factors such as aid money, international oil prices and high transport costs.

He said high housing rentals has also contributed to the high inflation in the country, currently at 6.2 per cent.
posted by administrator @ 3:05 PM  
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