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CNMI govt again overspends on referrals, utilities by at least $2M

By Haidee V. Eugenio Reporter The government exceeded again its spending cap for medical referrals and utilities by at least $2 million during the first half of fiscal year 2012, Lt. Gov. Eloy S. Inos said, citing preliminary figures. In terms of revenue, the government collected...
Posted On May 07 2012 03:11
, By admin

Marines start arriving on Tinian Wednesday

By Haidee V. Eugenio Reporter Some 100 of the estimated over 200 U.S. Marines from Japan are set to arrive on Tinian this Wednesday in what could be the largest military exercise and perhaps the start of a permanent presence on the island, decades after Tinian played a decisive...
Posted On May 07 2012 03:11
, By admin

World spotlight on bankruptcy filing

First US public pension fund to seek bankruptcy protection By Haidee V. Eugenio Reporter The CNMI gained national press attention for having the first public pension agency on U.S. soil to seek bankruptcy protection, serving as a litmus test for other troubled pension agencies...
Posted On May 07 2012 03:11
, By admin

US Trustee also wants Fund Chapter 11 petition junked

7 appointed to committee of creditors By Ferdie de la Torre Reporter The U.S. Trustee has asked the U.S. District Court for the NMI Bankruptcy Division to dismiss the NMI Retirement Fund’s Chapter 11 bankruptcy petition. Assistant U.S. Trustee Curtis Ching echoed the...
Posted On May 07 2012 03:10
, By admin
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//May 7, 2012

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