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Marshall Islands Financial News: Power Utility, FY'12 Budget, Vat Tax

Contributed by YokweOnline on Aug 31, 2011 - 11:18 PM
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Marshall Islands News: Fraud Cases and Funding Needs Force Action

Contributed by YokweOnline on Jul 04, 2011 - 06:53 AM
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Marshall Islands crew safe after day-long ocean ordeal

Contributed by YokweOnline on Jan 01, 2011 - 12:34 PM
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An ocean rescue just before sunset Saturday of 20 crew and passengers from a Marshall Islands supply vessel that sank earlier in the day confirmed the benefit of having safety gear on board. The Jeljelet Ae, a 90-foot landing craft, sank about 4 am New Year's day as it was transporting heavy equipment and construction materials to Likiep Atoll, about 200 miles from Majuro. 


Marshall Islands Economic News of the Week

Contributed by YokweOnline on Dec 19, 2010 - 01:09 PM
  • Australian envoy sees better focus under new north Pacific aid pacts - for energy, water, sanitation in Marshall Islands
  • Marshalls Seek Compact Funding, Grant Extension - response to 5-year review asks for offset
  • Japan to provide funding to help deal with waste in Marshall Islands - boost under-funded programmes
  • Pearl industry rebounds in Marshall Islands - Rongelap and Namdrik atoll governments generated $31,000
  • Speaker: Guam legislation will cause hardship in Marshalls - tax exemption eliminated on fuel exports

  • Marshall Islands: 11th Ralik Ratak Shootout Heads to Playoffs

    Contributed by YokweOnline on Sep 29, 2010 - 08:36 AM
    Marshall Islands: 11th Ralik Ratak Shootout Heads to Playoffs

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    The Bank of Marshall Islands 11th Ralik Ratak Shootout Invitational Basketball Tournament wraps up this week with playoffs beginning Thursday, and winners going to the championship on Friday. News and photos of the Tournament are now being posted at the Oceania Sport Marshall Islands page.


    Marshall Islands: Kaben Meto and Mejit Teams Still Top-Ranked after Monday's Shootout

    Contributed by YokweOnline on Sep 28, 2010 - 01:57 AM
    Marshall Islands: Kaben Meto and Mejit Teams Still Top-Ranked after Monday's Shootout



    Before a standing room only ECC gym, Kaben Meto slipped past Majuro and Mili charged by Kwajalein in games Monday night that will set up the placing for the Bank of Marshall Islands 11th Ralik Ratak Shootout Invitational Basketball Tournament playoffs starting Thursday this week.



    After trailing Majuro for much of the game, Kaben Meto came on strong in the second half to win a close first round match, 76-72. This gives Kaben Meto a perfect 5-0 record for pool play, while Majuro dropped to 4-1 for second place.

    Marshall Islands Teams Contend for Place in BOMI Tournament Playoffs

    Contributed by YokweOnline on Sep 25, 2010 - 12:04 PM
    Marshall Islands Teams Contend for Place in BOMI Tournament Playoffs



    The Bank of Marshall Islands 11th Ralik Ratak Shootout Invitational Basketball Tournament finished up its first week with record-scoring games on Friday night. Men's Teams competing in this year's tournament are (Team A)Kabin Meto, Majuro, Ronglap, Ailinglaplap, Maloelap, Wotje, (Team B) Mili, Kwajalein, Ebon, Mejit, Jaluit, and Lae. Women's teams are Majuro, Jaluit, Mejit and Mili.



    "The two top teams in each pool will go to the men’s division playoffs that start on Thursday 9/30, with the third place and championship games set for Friday October 1," according to Giff Johnson, Editor of the Marshall Islands Journal, who has provided the following updates and schedule to Yokwe Online.


    Marshall Islands: BOMI 11th Ralik Ratak Shootout Basketball Tournament Highlights

    Contributed by YokweOnline on Sep 23, 2010 - 07:09 PM
    Marshall Islands: BOMI 11th Ralik Ratak Shootout Basketball Tournament Highlights



    Visiting Team Ailinglaplap won a come-from-behind game in the final seconds by defeating a strong Rongelap team 69-66 to highlight the first night of play in the Bank of Marshall Islands 11th Ralik Ratak Shootout Basketball Tournament Saturday.



    In other Saturday games, defending champion Kaben Meto was able to hold off a strong showing by Team Wotje in the opening game 72-68. Kwajalein and Mili, both expected to make the playoffs for this year’s championship, rolled to easy first round victories. Team Kwajalein blasted Team Jaluit 105-52, while Team Mili demolished Team Lae, 105-58.

    Marshall Islands: Social Security Program at Risk Due to Wide Non-Payment

    Contributed by YokweOnline on Sep 16, 2010 - 07:09 PM
    Marshall Islands: Social Security Program at Risk Due to Wide Non-Payment



  • Marshalls Retirement Fund Heading for Trouble - government entities that owe millions of dollars in retirement payments that are now largely uncollectible debts.
  • Marshalls retirement program on road to bankruptcy MISSA has money to cover only about 25 percent of its long-term retirement liability of more than $230 million.
  • Marshall Islands Social Security asks government for help to prevent bankruptcy. - cost of benefit payments is exceeding revenue, the agency has had to withdraw money out of its investments for the first time in ten years.

  • Lemeyo Abon: The Importance of Women in Marshallese Custom

    Contributed by YokweOnline on Apr 04, 2010 - 10:48 AM
    Lemeyo Abon: The Importance of Women in Marshallese Custom



    “I was born on July 5, 1940 on the island of Eneaetok in Rongelap Atoll. My name is Lemeyo Abon — my maiden name is Naptali and I am of the Ijirik clan.”

    Lemeyo is a nuclear survivor and well known in modern times for her vocal stance on the nuclear legacy of the Rongelap people. But before the time of nuclear fallout, years of study by US government scientists and doctors, and self-imposed exile to the island of Mejatto in Kwajalein Atoll, Lemeyo remembers a time when her family and community lived a peaceful life ruled only by Marshallese custom.

    Lemeyo Abon: Kora ro rej aurok ilo manit ko ad

    Contributed by YokweOnline on Apr 04, 2010 - 10:43 AM
    Lemeyo Abon: Kora ro rej aurok ilo manit ko ad



    “Iar lotak ilo July 5, 1940 ilo Eneaetok, Rongelap Atoll. Eta in Limeyo Abon – et eo eta make ej Naptali im na ij jen jowi eo an Ijjidrik.”

    Solar Power and Fiber Optic Cable Tops Marshall Islands' Business News

    Contributed by YokweOnline on Dec 22, 2009 - 08:48 PM
    Solar Power and Fiber Optic Cable Top Marshall Islands' Business News



  • Japan backs $5.9M solar-to-grid project for Majuro - Solar panels on Hospital roof will feed electricity to Capital's existing power generation system.
  • Project for the Introduction of Clean Energy by Solar Electricity Generation System - Government of Japan has agreed to provide a grant of ¥530 Million (YEN).
  • Marshalls hotel sale plan halted by court order - If resort is sold MISSA would be unable to collect the $400,000 in taxes owed.
  • Cable ship Tyco Durable returns to Marshall Islands to begin regional subsea cable project - Marshall Islands will have direct connectivity to Guam.
  • Fiber cable to bring ‘technology on steroids ‘to Marshall Islands - The “Tyco Durable,” a high-tech cable-laying vessel, successfully attached the new multi-million cable to Majuro Atoll.
  • Bank of Marshall Islands to Make Full Use of Cable Tech - Cell phones will become “mobile ATMS” in the near future.



  • Marshall Islands: Government Faces More "Gloom" than "Boom"

    Contributed by YokweOnline on Oct 11, 2009 - 01:09 PM
    Marshall Islands: Government Faces More "Gloom" than "Boom"



  • Japan-Marshalls to parlay on aid program - In motion, $8 million fish market and a $4 million grant for solar system at Majuro Hospital.
  • ADB Back as Debt Clears - Past due dating to 2005 cleared and is paying every month
  • Air Marshall Islands losses cloud its future - President tells Parliament he is interested in selling the airline
  • Marshalls airline suffers $2.5M loss - $3.4 million in fiscal year 2007, the airline’s revenues tanked last year, dropping to $1 million.
  • Majuro power company: Generators could break anytime - I don’t want people to panic but this is the reality, said GM David Paul.
  • Auditors find "seven serious problems" with Health Ministry Audit - Lack of adequate internal control policies and procedures reported also in '06 & '07
  • Marshalls Airport Project On Hold - Dir. Jack Chong Gum aiming to put a revised project plan out for re-bidding in January.

  • MARSHALL ISLANDS: Meeting Headlines Week of Development Boosts, Economic Downside

    Contributed by YokweOnline on Jul 12, 2009 - 07:53 PM
    MARSHALL ISLANDS: Meeting Headlines Week of Development Boosts, Economic Downsides



  • Top Micronesian leaders to meet in Majuro - 11th Micronesian Chief Executives meeting about regional climate change, energy and development
  • Marshalls College gets top marks from U.S. accreditation agency - Received the maximum, a six-year term of accreditation.
  • David Paul Takes Over at Marshalls Energy Company - Board creates new technical advisor position to assist
  • Marshalls planner notes growing hardship - Many communities lack electricity and water, crammed with more children than can be fed.
  • Major Fish Farm Venture Halts On Majuro - Good Fortune Bay Fisheries RMI Inc - uncertainty over export logistics and costs to ship live fish.



  • Marshall Islands: Hotel, Fish Plant, Internet, and Solar News

    Contributed by YokweOnline on Jun 14, 2009 - 06:10 PM
    Marshall Islands: Hotel, Fish Plant, Internet, and Solar News



  • EU solar work targets 5 remote Pacific nations - $1M worth of solar equipment arrived in Majuro earlier this week for installation in six public elementary schools on remote islands
  • 1,000 laptop computers for students and teachers - in hopes of improving results in public primary schools.
  • Taiwan's MIR? RC and PII bids up for RMI review - Taiwan company’s bid the highest on the table at last Thursday’s bid opening
  • Outer island goes online - Likiep Atoll as of Wednesday this week has Internet and long distance telephone service.
  • Tons of fish puts Pan Pacific back in action - about 150 Majuro workers are needed to re-launch production

  • Marshall Islands Looks for Deals to Bring Economic Boost

    Contributed by YokweOnline on May 31, 2009 - 05:42 PM
    Marshall Islands Looks for Deals to Bring Economic Boost



  • Marshalls bank attempts to get US branch - Bank of Marshall Islands’ application to to set up a “clearing branch.
  • S$10m airport deal signed - confirms that no rent from the US or other sources can be paid as rent for the reclaimed land to landowners.
  • Planners worried by Majuro overcrowding - Skyrocketed to 2,381 dwellings, more than 30 percent increase.
  • Metal million: Cleaning up Majuro makes mega-bucks - 30 years of scrap metal littering the island.

  • Marshall Islands: Second Vote of No-Confidence in Six Months

    Contributed by YokweOnline on Apr 10, 2009 - 10:09 AM
    Marshall Islands: Second Vote of No-Confidence in Six Months



  • Big Nitjela Vote Soon - Thursday next week appears to be a likely target for the no confidence vote
  • AUDIO: Marshall Islands to debate no confidence motion - Interview with Clerk of Parliament Joe Riklon, Foreign Minister John Silk, Editor Marshall Islands Journal Giff Johnson
  • RMI Government Faces No-Confidence Measure - Sen. John Silk new foreign minister, demonstrating the shift in coalition government alignment

  • Marshall Islands: Assessing Transportation, Health, Ed, and Trust Fund Problems

    Contributed by YokweOnline on Jan 20, 2009 - 09:52 PM
    Marshall Islands: Assessing Transportation, Health, Ed, and Trust Fund Problems



  • U.S. Inspectors to Assess Damage in Marshalls, FSM - 14-day assessment trip to six remote atolls
  • Air Marshall Islands plane still to be fixed - part delivered turned out to be for the wrong wing
  • Air Marshall Islands only plane grounded - wingtip that was damaged while the plane was being towed
  • AMI lease plane from Australia - New Dornier 228 by end of January
  • Pacific health officials meet in Majuro - cooperation on key health problems including diabetes and cancer
  • UES heads to bowling alley - The plight of Uliga Elementary School students may soon be over.
  • RMI Trust Fund loses over $20m - dropping to $72.1 million as of November 30

  • Marshall Islands News, Week of November 17-24

    Contributed by YokweOnline on Nov 24, 2008 - 08:37 PM
    Marshall Islands News, Week of November 17-24



  • Marshall Islanders Get More U.S. Hotel Jobs - another 70 workers for Starwood Hotels in Florida and Arizona
  • Gas price still high in RMI - $5.79 to $5.85 per gallon in Majuro
  • Marshalls Chamber Of Commerce Wants Action On Fiber Cable Changes - Urged government to “deny the two American companies that are to own and operate the Army’s underwater fiber optic cable
  • New Terms Of Undersea Cable Leave Marshalls In Cold - $15 million cost to participate hiked to $18 million
  • No Report for Convention on the Elimination of All Forms of Discrimination against Women (CEDAW) - RMI Internal Affairs breaks news at WUTMI Board Meeting
  • Majuro Supports Record-Breaking Flight Attempt - TransPolar08” flight with 30,000 pounds of jet fuel in just 20 minutes

  • Marshall Islands Commission, Committee and Agency News 10/31-11/09

    Contributed by YokweOnline on Nov 09, 2008 - 04:32 PM
    Marshall Islands Commission, Committee and Agency News 11/02-11/09



  • Update of Election Inquiry Commission Actions - Marshallese translation, then hearings at home and abroad
  • Tony deBrum knocks deals - Should be discussed with RMI's Energy Committee chaired by the Chief Secretary
  • Despite World Market Dive, Gas Prices Remain High In Marshall Islands - Majuro motorists still paying over US$6 a gallon.
  • Bellu puts Post Office into auditable state - revenues nearly doubled from fiscal year 2007 to 2008
  • Marshalls Win Rare Praise For Fiscal Accounting - First time ‘unqualified’ opinion has been rendered

  • Marshall Islands Government News, 10/19-26

    Contributed by YokweOnline on Oct 26, 2008 - 10:10 AM
    Marshall Islands Government News, 10/19-26



  • Marshalls Aiming For Submarine Fiber Cable - November 21 deadline for a down payment on the cable looming.
  • PTI into NTA partnership - Guam based company offers "mutually beneficial solution".
  • Marshalls No Confidence Vote Fizzles - opposition party chairman Senator Ruben Zackhras withdrew motion
  • Marshalls Sees Stepped-Up Revenue From Growing Ship Registry - Tomeing said he believes the government should receive more revenue.
  • Marshalls Auditor Says Government Cuts Compromise Independence - filling the Audit Manager (trainer) and the Audit Manager (trainee) posts a challenge
  • Disputes put MALGov budget for FY09 in limbo - included were arbitrary pay raises proposed for some local police officers
  • MEC cuts 8 cents off KW hour - Electricity rates will drop November 1 in Majuro

  • Money Talks in Marshall Islands Government News

    Contributed by YokweOnline on Oct 13, 2008 - 12:38 AM
    JOURNAL: Money Talks in Marshall Islands Government News



  • Marshalls Group Aiming To Buy Two Purse Seiners - to raise $3 million working capital and locate a partner
  • Marshall Islands Law Puts U.S. Airport Improvement Funding In Jeopardy - makes any reclaimed land the property of adjacent landowners
  • Banks must cut interest - ordered to reduce to a maximum of 15 percent
  • FY 2009 Budget of $124 M Signed - US Compact, federal grants and Taiwan funding account for 71 percent of the total revenue



  • Letter to the MIJ Editor by Andrew Finlay

    Contributed by YokweOnline on Oct 06, 2008 - 01:03 AM
    Letter to the MIJ Editor by Andrew Finlay



    While the President was off-island a change was made by Cabinet to the Board of Directors of the RMIEPA. I am not sure if the public is aware of this change but there are some major concerns that need to be expressed. It should be noted that the RMIEPA has no personal objection to any of the individuals on the new Board, but simply with how the appointments were made and subsequent conflicts of interest and conflicts with RMI Law.

    Finlay Fired by EPA

    Contributed by YokweOnline on Oct 06, 2008 - 12:52 AM
    Marshall Islands Journal: Finlay Fired by EPA



    The RMI EPA board of directors responded quickly to EPA advisor Andrew Finley’s critical comments in last week’s paper, terminating him on Monday this week. Four of the five members of the new board that was appointed last month reportedly voted to fire Finlay.

    Marshall Islands: Power, Environmental, and Education News

    Contributed by YokweOnline on Sep 28, 2008 - 11:00 AM
    Marshall Islands: Power, Environmental, and Education News



  • Marshall Islands Aims To Add Solar, Decrease Spending On Diesel-Powered Electricity - recommendations issued by ADB's Peter Johnston
  • Micronesian Traditional Leaders Agree To Establish Secretariat, Push Education, Environment - endorsed a Pacific wide “Rethinking Education”
  • PII's Lanki named new chairman of EPA Board - Cabinet has replaced four of the five members.
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