In a media conference yesterday, Mr Philip said that his government took up the initiative to address the RIPEL dispute following his visit to Yandina earlier this year.
Mr Philip expressed the government's gratitude to stakeholders, Lavukal, Central Islands Provincial government and the Solomon Islands National Union of Workers, for supporting NCRA's proposal.
He said, the outcome so far had been quite positive.
He said, the government formed a three member committee which led a process of consultations and negotiations with all stakeholders resulting in a settlement proposal with RIPEL mortgagees that will essentially enable the company clear outstanding debts.
The Prime Minister said that the proposal is still subject to signatories of a formal legal agreement between the government and RIPEL. Hon. Philip would not elaborate further however, on the details.
Company Dispute Close to Being Resolved
The Solomon Islands Prime Minister Danny Philip announces that his government is a step closer to resolving the 8 year old Russell Islands Plantation Estate Limited which was forcefully shut down as a result of a dispute in 2004.
Hon. Philip stated that the initiative to step in was follwing his visit to Russell Island earlier this year.
Source: archives
What do you think? Any Comments?
Write your own Letter to the Editor.
Disclaimer: Solomon Times Online may edit or delete your comment and cannot guarantee that all submissions will be published or remain online. The comments expressed on these pages are those of the authors and do not necessarily reflect the official policy or position of Solomon Times Online.