Page 6 - IB August 2020
P. 6

Briefs

                                                             in Fiji for exploration and development activities. Drilling is
                                                             expected to commence at the end of this month (August).
                     American Samoa
         Federal Emergency Management Authority (FEMA) officials
         have left American Samoa after the territory refused to
         waive quarantine requirements for the agency. Governor Lolo    French Polynesia
         Matalasi Moliga said negotiations with FEMA were unsuccessful   French Polynesia President Edouard Fritch has signed up for
         and as a result, FEMA confirmed that they were pulling   a US$285 million loan from France to prop up the failing CPS
         their two staff out of the territory. Earlier the Department   social security agency as the territory struggles to respond
         of Health had refused entry to a FEMA contractor after   to the COVID-19 pandemic. This comes as the territory
         discovering she had tested positive for COVID-19.  American   undertakes public finance reforms.  The loan has a 25 year
         Samoa has no recorded cases of COVID-19.            term and 1.4% interest rate.



                     CNMI                                                Guam
         Almost 800 workers in CNMI’s tourism industry are being   Total Federal funding for Guam’s COVID-19 response and
         sent home due to job cuts says the Hotel Association. The   recovery is up to US$1.6 billion with 72 local agencies and
         Association says its 12 members are losing $US10 million a   programs received funding as part of the pandemic response.
         month. Meanwhile the Imperial Pacific Casino has also made   The largest fund allocation is for the Pandemic Unemployment
         job cuts, saying it doesn’t expect tourists to return until May   Assistance program.  Meanwhile the Centre for Disease
         next year.                                          Control and Prevention has determined Guam as a high-risk
                                                             travel destination and requested travellers to avoid visiting
                                                             the territory, prompting Governor Lou Leon Guerrero to seek
                                                             clarity as she emphasised that Guam’s test positivity rate is
                     Cook Islands
         The Cook Islands government says Rarotonga’s residents won’t   2%, much lower than the national average of 8%. This month,
                                                             Governor Guerrero and Lieutenant Governor Joshua Tenorio
         be charged for water unless their usage is “excessive”.  The   have both tested positive for COVID-19.
         government is currently consulting on the establishment of
         the To Tatou Vai Authority, which will oversee Rarotonga’s new   Docomo Pacific is now offering 5G mobile services in Guam
         water supply system. Finance Minister Mark Brown says typical   and Saipan through hotspots. Docomo’s 5G Open Lab is also
         household use should remain free. The consultations have   offering organisations like the University of Guam Office
         heard other concerns about chemicals and chlorination of the   of Information Technology the ability to test applications,
         water supply.
                                                             equipment and concepts at no cost.  Implementation of wider
                                                             5G availability will be phased throughout the territories.
                    Federated States of Micronesia
         FSM’s Senate is considering a Bill which would transfer
         ownership of the HANTRU-1 fibre optic cable’s Pohnpei spur,     New Caledonia
         and other rights and liabilities to the FSM Telecommunications   The pro-independence FLNKS movement says a three-
         Cable Corporation. President David Panuelo says the lack of   year transition period would be needed if voters opt for
         direct ownership of the HANTRU-1 Pohnpei spur has direct   independence on 4 October. FLNKS leaders hope to get a
         implications on the implementation of the $35 million Digital   51% ‘yes’ vote after polling 43% support for independence in
         FSM project with the World Bank, which intends to connect   2018’s referendum.
         fibre optic access to homes, hospitals, and schools etc, and
         the East Micronesia Cable (EMC) which will connect Kiribati   Nickel company, SLN claims it risks running out of funds by
         to  Pohnpei with a spur to the State of Kosrae and another to   the end of this year. CEO Colin McGibbon said SLN suffered
         Nauru.                                              a $US90 million loss last year and needs its minority
                                                             shareholders—including New Caledonia’s three provinces— to
                                                             provide capital. McGibbon says SLN also needs to see lower
                   Fiji                                      electricity costs and export permits in order to survive.
         Thunderstruck Resources CEO Bryce Bradley has thanked
         Fiji’s government for granting the company special travel
         exemptions and COVID-19 quarantine conditions to allow its    Niue
         drill team to enter and continue extraction of natural minerals   Niue’s Fono Ekepule has passed the Niue Government’s
         in the country.  So far, two containers filled with equipment   US$21.5 million budget.  The projected budget deficit is
         and the head of the coincidental drill program have arrived
                                                             US$3.7 million, and New Zealand is injecting  $1.5 million


        6 Islands Business, August 2020
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