October 3, 2005
Govt, law firm oppose end of BoS receivership
A law firm that worked for former Bank of Saipan receiver Randall Fennell said government depositors are losing millions of dollars in declining interests on long-term deposits, opposing the request of bank directors and current receiver Antonio Muna to end the receivership.
In a separate submission to the Superior Court, the CNMI government also opposed the bank directors and Muna’s request to end the receivership at this time. Acting Commerce Secretary Daniel L. Camacho and the law firm Schwabe, Williamson, and Wyatt said Muna’s request for exoneration is premature without a full and final accounting of his actions as receiver.
PSS may lay off staff if $50M budget is not approved
The Public School System may have no choice but retrench some of its employees if its proposed $50 million budget for the new fiscal year is not approved, according to a ranking PSS official. Board of Education member Herman T. Guerrero made the statement during an interview with the media at the Governor’s Office Friday morning. Guerrero, who had a brief meeting with Gov. Juan N. Babauta that day, said the PSS would continue to fight for an increase from its current $37.2 million budget. He said the worst-case scenario if the budget is not approved, is for PSS to lay off some school staff, which most likely would come from ranks of teacher aides.
October 3, 2006
Lower power bills by Nov.
Consumers are expected to receive lower power bills by November due to a decrease in electric fuel charge, according to the Commonwealth Utilities Corp. The November billing represents power usage in October.
CUC spokesperson Pamela Mathis told the Saipan Tribune yesterday that the September fuel charge was $0.219 per kilowatt-hour, but for this month the fuel charge is only $0.194 per kilowatt-hour. “The decrease is 2.5 cents per kilowatt-hour. That’s a large decrease,” Mathis said.
Govt looks at outside loan
If the federal government is unable to bail out the CNMI from its current financial crisis, the local government might just secure loans from “outside sources.” This possibility was discussed during yesterday morning’s Cabinet meeting at the Governor’s Office. press secretary Charles P. Reyes Jr. said the issue was raised by Finance chief Eloy Inos.
“Secretary Inos has identified some potential funding sources that could be of great benefit to the CNMI in terms of infrastructure funding,” said Reyes in an interview. He said it would be in a form of “private financing or loan at a very reasonable rate.” He declined to give details, citing that the matter is being referred to the Attorney General’s Office for review.
October 3, 2007
CUC operations, federal funds could be impacted
The forced work stoppage of more than 20 nonresident workers and six engineers at the Commonwealth Utilities Corp. is a serious problem that may have an impact on the multi-million federal funding being awarded to CUC. CUC spokesperson Pamela Mathis told Saipan Tribune yesterday that the lack of engineers and their technical expertise is against some of CUC’s agreements with the federal government. “We’ve got to have technical staff on board. We run a dangerous, hazardous utility system and there are technical aspects with water operations and wastewater operations and the power plant and the field crews have to have the support of engineers,” Mathis pointed out.
Garapan basketball lights left on even after midnight
For several nights now, the floodlights at the basketball court in Garapan by the former Chamolinian Village have been left open even after midnight. This has prompted the attention of concerned citizens, who could not help wonder why the lights are left on even when there is no one using the venue after 2am. CNMI Parks and Recreation Division, the government agency in charge of the sports venue, was equally surprised when informed about this. Division director Tony Benavente said the basketball court in Garapan is open for use at night from 7pm to 11:30pm only. He said any group that requests to use the venue is tasked to turn the lights off after use.