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CDA waits to hear from GIAA on proposed auction of Freedom Air assets

The Commonwealth Development Authority is still waiting a response from the Guam Airport International Authority on a proposed auction of Freedom Air assets in the Guam airport hangar. In April, the CDA board voted to foreclose on liens on any and all properties and aircraft of...
Posted On Jun 24 2015 06:06
, By Dennis B. Chan

CDA board loses quorum

The Commonwealth Development Authority board lacks quorum after Gov. Eloy S. Inos withdrew his nomination of a board member earlier this month. In a June 10 letter to Senate President Victor B. Hocog (Ind-Rota), Inos did not state his reasons in withdrawing the nomination of Tom...
Posted On Jun 24 2015 06:00
, By Dennis B. Chan

CUC asks for suspension of debt payments to CDA

Citing financial distress and a desire not to charge customers with rates for debt payment, the Commonwealth Utility Corp. requests a five-year suspension of all debt and interest payments to the Commonwealth Development Authority. In the letter sent this month, CUC executive...
Posted On Jun 23 2015 06:06
, By Dennis B. Chan

CDA approves 1st micro loan after program is re-established

The Commonwealth Development Authority has approved its first loan under its Micro Loan program after reestablishing the program with start-up-friendly changes last month. CDA loan manager Oscar Camacho told Saipan Tribune yesterday that they have approved their first totaling...
Posted On Jun 23 2015 06:00
, By Dennis B. Chan
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