The Senate is looking at placing a safety net on the proposed scrapping of the $100,000 cash deposit requirement imposed on foreign investments in a bid to deter "fly-by-night" businessmen from setting up shop on the island.
Leaders of the CNMI Legislature are hopeful of the Northern Marianas visit of U.S. Rep. Don Young (R-Alaska) and other key members of Congress which begins next week amid fresh attempts by White House to strip local control over its labor and immigration.
Contractors in the Northern Marianas will close shop if Gov. Pedro P. Tenorio signs the three-year limit on the stay of foreign workers because local residents are not interested to work in the construction industry.
The Commonwealth Utilities Corporation will bring down its electricity rate for the Voice of America relay station on Tinian following an agreement that it should bear the cost of hooking up with the newly opened power plant on the island, officials said.