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$15M supplemental budget for PSS expected in Dec.

The CNMI Board of Education expects the release of a $15-million supplemental budget or 25 percent of the reported casino business gross revenue tax amounting to $60 million in December. According to the CNMI Constitution, the Public School System is entitled to 25 percent of the...
Posted On Nov 21 2017 06:06
, By Bea Cabrera

New hotel developer seeks tax break

Saipan International Group Ltd. is seeking a tax break by applying for a qualifying certificate authorized under the Investment Incentive Act of 2000 from the Commonwealth Development Authority. The company is proposing to build a $76.8-million hotel called Saipan Globe Hotel...
Posted On Oct 17 2017 06:00
, By Bea Cabrera

‘Money should follow the students’

Despite the clear allocation of funds in the budget that was signed into law last Tuesday, a senior Board of Education official believes that the CNMI government should stick to the mandated 25-percent share of the Public School System. At the Board of Education meeting last...
Posted On Sep 29 2017 06:00
, By Bea Cabrera

Casino rakes in over $1 billion

Imperial Pacific International (CNMI) LLC earned over $1 billion in gross gaming revenue from January to July 2017, according to documents obtained by Saipan Tribune. The official documents, obtained from the Commonwealth Casino Commission, showed that, factoring in the 5-percent...
Posted On Sep 26 2017 06:06
, By Erwin Encinares
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