Special Dividend Pay-out

SNPF pays out $1.6 million on first day

In announcing the Special cash payment to the 85,000 Fund contributors last Friday, Finance Minister Sili Epa Tuioti said the one-off benefit will stimulate the economy which is showing signs of slowing down as a result of the measles crisis.

He said it was an initiative by the Fund’s Board of Directors.

“Tourism the main stay of our economy is feeling the impact with visitors cancelling their end of the year holidays in Samoa,” said Sili.