Sunday, December 8, 2013
Saturday, December 7, 2013
President Mori receives a check of $250,000 for FSM from the United Micronesia Development Association, Inc. in Saipan
FSMIS (December 7, 2013): In the Morning of December 6, the Federated States of Micronesia was presented with a check in the amount of two-hundred fifty thousand ($250,000) from the United Micronesia Development Association, Inc. (UMDA) in Saipan.
FSM President Manny Mori received the money on behalf of the FSM Government.
The amount of $250,000 derives from the National Government’s shares of stock with the UMDA as an investment under the care of the Department of Finance and Administration.
The check has been given over to Mr. Kensley Ikosia, FSM Secretary of Finance, who is in Saipan to participate in a meeting.
The FSM National Government has a total of 50,000 shares of stock with the United Micronesia Development Association Inc. that is based in the Commonwealth of the Northern Mariana Islands.
For further information, contact the Finance Office at 320-2640.
Friday, December 6, 2013
President Mori hands over responsibilities for the Micronesian Center for Sustainable Future to President Remengesau
FSMIS (December 6, 2013): As the 19th Micronesian Chief Executives’ Summit (MCES) inched to its closure, the Micronesian Leaders discussed, among other items, the future of the Micronesian Center for Sustainable Future and agreed to revisit its framework and organization structure.
In that regard, the Federated States of Micronesia (FSM) President Manny Mori, the current Secretary-General for the center, urged his colleagues to take a strong stand in further enabling the center in terms of its purpose, structure and sustainability as the organ to facilitate decisions made within the MCES system. He also recommended that a new Secretary-General be appointed as his tenure with the FSM National Government will end in May 2015.
President Christopher Loeak from the Republic of the Marshall Islands thanked President Mori for his leadership and nominated President Tommy Remengasau of the Republic of Palau as the next Secretary-General for the Center. The Leaders welcomed President Loeak’s nomination unanimously.
President Mori, Governor Eddie Calvo of Guam and Governor Inos further expounded on ways to synergize the Center most especially in availing funding support.
President Mori expressed confidence that with their memberships in and access to a number of international organizations and partners, the Governments of FSM, Palau and the Marshall Islands would be able to assist in seeking assistance from development partners to compliment possible funding sources through the United States Department of the Interior, Office of Insular Affairs, for the sustainability of the Center.
In accepting the wish of his colleagues, President Remengasau thanked them for their confidence express though his nomination and asked that the Chief Executives progress together on making the Center a more viable organization.
President Remengasau was the initial Secretary-General of the Center. He was replaced by President Mori in 2009 after his Presidency expired in 2008.
The Chief Executives concurred on the wisdom in putting more focus into the Center and positioned themselves to recalibrate the Center with clearly defined mandates and funding source to be more efficient.
The Center was conceptually developed and formed leading up to the 11th MCES. It is a registered organization under the laws of Guam. It’s main purpose as an institution was to provide technical support to the ten committee initiatives of the MCES and pursue administrative grants to provide financial support to the Summit’s initiatives as they become available.
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FSS Micronesia -- Coast Watch Patrol on selected islands and typhoon relief assistance in outer-islands of Yap
The FSS Micronesia (LTCDR Kodak David) performed Coast Watch Patrol 2013 from November 12, 2013, to November 26, 2013. The purpose of a Coast Watch Patrol is to visit Outer Islands and promote small boating safety, maintain relations with the Islands on protecting the FSM fisheries, and assist in communication maintenance.
Coast Watch Patrol 2013 took the FSS Micronesia to the Islands of Nama, Pulusk, Satawal, Ifalik, Woleai, and Eauripik.
The scheduled Patrol took place in the wake of Super Typhoon Haiyan. The FSS Micronesia was able to deliver medical supplies from Pohnpei and donated food supplies from the Euaripik community in Pohnpei to Eauripik, the island most affected by Haiyan. On her way, the FSS Micronesia was able to pick up more donations from the neighboring islands to be delivered to Eauripik. The FSS Micronesia also assisted the Yap State Governor’s Office by taking pictures of damage caused by Haiyan on the islands of Ifalik and Eauripik. Additionally, she delivered some emergency repair materials to a sailing vessel that was damaged in Woleai due to the super typhoon.
On her return trip to Pohnpei, the FSS Micronesia further assisted Yap State by delivering 15 barrels of diesel fuel to Ulithi and 5 tons of food stuff to the Neighboring Islands Central High School (NICHS) in Woleai when shortages were discovered on these islands in the wake of Super Typhoon Haiyan.
Representatives of the FSM Department of Justice and the FSM Banking Board joined in the APEC Financial Regulators Training Initiative Seminar on Risk-Focused Supervision & Risk Assessment held on 18-22 November 2013 at the Radisson Hotel, Port Denarau in Nadi, Fiji. Assistant Attorney General Leonito Bacalando, Jr., and Bank Examiner, Melsihner Hadley, attended the seminar that was hosted by the Reserve Bank of Fiji, the Asian Development Bank (ADB), and the Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative.
Financial regulators from the Asia-Pacific Region were trained on the application of risk-focused banking supervision principles. The training consisted of theoretical presentations, practical exercises, and exchange of experiences and best practices involving operational and liquidity risks, market volatility, and good corporate governance. The seminar gave bank regulators valuable perspectives and expertise in handling financial regulatory issues. The seminar also explored the various risks inherent in banking business and best practices available in managing them.
Currently, the Department of Justice is the legal counsel of the FSM Banking Board in regulating the two commercial banks that operate throughout the FSM States. Both agencies are reviewing existing banking laws to strengthen them and correct inconsistencies and weaknesses for the protection of consumers.
Thursday, December 5, 2013
FSMIS (December 5, 2013): A panel from the Micronesian Regional Healthcare Committee, one of ten initiatives by the Micronesian Chief Executives’ Summit, appeared before the Summit today. The panel reported that they have also made appeals to the Association of Pacific Island Legislature (APIL) to raise leadership awareness on the committee’s objectives.
The basic message prompted by the panel drew comments from the Presidents and Governors as they realized that an outstanding Summit resolution regarding concerted efforts for combating the spread of non-communicable diseases (NCDs) in Micronesia has remained idle for some time.
“We need to make closure to this”, remarked Governor Eloy Inos of the Commonwealth of the Northern Marian Islands (CNMI) who is chairing the Summit.
Federated States of Micronesia (FSM) President Manny Mori asked the panel to provide some possible success indicators by which the Summit can gauge actions in relation to previous health-related decisions that have yet to be realized.
In responding to to President Mori, the panel emphasized the cross-sectoral nature of the actions necessary to execute decisions and sought the support of the Leaders in keeping their Governments engaged to impact NCD programs regionally.
Palau President Tommy Remengasau said the MCES needs to transition the resolution into action.
Governor Inos mentioned that the CNMI Legislature is currently considering amendments to the Commonwealth’s tax law to raise taxation on certain food items easily identified as counter-productive in the fight against NCD.
The presenters encouraged the MCES member Jurisdictions to increase sharing of experiences and strategies that may assist in forging a strong region-wide network in addressing NCD issues.
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