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New target on pension obligation bond: $120M

The CNMI government is targeting to float a higher pension obligation bond amount after analysis of the government’s financials showed that it can handle repaying a higher debt ceiling. From last month’s target of $80 million, the Commonwealth Development Authority officials...
Posted On Feb 12 2014 18:05
, By Moneth G. Deposa

CDA: $1.25M CIP projects dormant for five years

Members of the Commonwealth Development Authority board disclosed yesterday that a substantial amount of government funds have been sitting idle for years due to the inaction of their assigned expenditure authorities. CDA, which is the custodian of some portions of government CIP...
Posted On Feb 12 2014 16:20
, By Moneth G. Deposa

CHC’s CMS survey results out

Gov. Eloy S. Inos and Commonwealth Healthcare Corp. board chair Joaquin Torres separately confirmed with Saipan Tribune that the much-awaited result of the survey conducted by the U.S. Centers for Medicare and Medicaid Services on the public hospital has already been issued to...
Posted On Feb 11 2014 10:05
, By Moneth G. Deposa

Inos lauds deferral of other CUC proposals

Gov. Eloy S. Inos has lauded the Commonwealth Public Utilities Commission’s recent decision to put off making a decision on a number of proposals the Commonwealth Utilities Corp. has been pushing for, describing it as a modest approach. Inos pointed out that the public should be...
Posted On Feb 11 2014 09:47
, By Moneth G. Deposa
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//Moneth G. Deposa

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