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CDA, CUC sit down to talk about $45M agreement

The Commonwealth Development Authority and the Commonwealth Utilities Corp. met Friday in what some board members noted as a milestone event to discuss their preferred stock agreement. “The purpose of this meeting is to determine essentially whether CUC is capable to live up to...
Posted On Dec 08 2015 06:06
, By Frauleine S. Villanueva-Dizon

Milestone hazard compliance for couple of FSM companies

KOSRAE, Federated States of Micronesia—The Raimond Company and Wawa Chips have become the first two food producers in Federated States of Micronesia to open factories that comply with an international standard for hazard analysis and control. Based in Kosrae State, the Raimond...
Posted On Dec 08 2015 06:06
, By Press Release

‘NMI govt also has role to play in building casino resort’

The ambitious target date of late 2016 to complete a $500-million, 14-story casino resort in the heart of Garapan has raised questions about the government’s ability to mitigate or facilitate the infrastructure development, as one necessary aspect of the project—a reported...
Posted On Dec 08 2015 06:06
, By Dennis B. Chan

DoD releases $309M Japan contribution to build Guam Marine base

WASHINGTON, D.C.—Delegate Madeleine Z. Bordallo (D-GU) announced Friday that the Department of Defense has released $309,000,000 for the first phase of construction of a Marine Corps Base at Finegayan, Guam. These funds were contributed from the Government of Japan as part of its...
Posted On Dec 08 2015 06:06
, By Press Release
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//December 8, 2015

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