Solomons govt putting limits on foreign investment
Quoting Radio New Zealand � 14 June 2019
�The Solomon Islands government is planning to put limits on foreign investment to try and protect local business and encourage entrepreneurship.
�The minister for commerce and labour Clezy Rore said he is especially concerned about the recent influx of foreigners engaging in business activities reserved for indigenous Solomon Islanders.
�The Solomon Star newspaper reported public transportation, small scale retailing and fresh produce marketing are some examples of businesses listed as reserved for locals.
�Mr Rore told parliament that his ministry was considering going as far as denying visa applications for foreigners seeking employment in protected industries.
�He also planned to review the list of reserved businesses, patch up legal loopholes and improve enforcement of the restrictions.
�The minister said he wanted to encourage investment in the manufacturing sector which he believes will create more jobs for locals.�
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