Tang says $468M needed to fully fund Settlement Fund The gross revenue tax from the Saipan casino has helped the CNMI government pay $1 million per week to the Settlement Fund since December 2015, extending the Settlement Fund’s investment horizon, according to Settlement Fund trustee Joyce C. H. Tang. However, since it is not certain that this source of revenue will continue, and because of the CNMI government’s own lack of revenue diversification, relying too much on the casino GRT “is...

The Commonwealth Election Commission has no chairperson and three other commissioner positions for Saipan and Northern Islands are vacant. CEC executive director Julita Villagomez said yesterday that the term of former chairperson Frances M. Sablan expired last Aug. 8, along with...

Agitated over not getting its constitutionally mandated share of 25 percent of next fiscal year’s budget, the Public School System may submit a certified question with the CNMI Supreme Court to settle once and for all what constitutes its share. At a Board of Education meeting...

A Hong Kong-based corporation is suing a principal subsidiary of Imperial Pacific International Holdings for allegedly failing to pay for professional services relating to four contracts totaling $171,500. Hyperdrive International Limited, through counsel Robert T. Torres, is...