American Samoa
The American Senate has unanimously passed a bill removing the 10% cap on local investments by the American Samoa Government Employees Retirement Fund (ASGERF). Supporters argue it will strengthen the local economy, but concerns remain over the Government’s unpaid US$9.4 million contribution bill and potential governance issues. ASGERF board member, Fuiavailili Keniseli Lafaele, warns the changecould destabilise the Fund, with reduced federal grants and economic downturns posing additional risks.
Commonwealth of Northern Mariana IslandsA proposed EUCON Silicon Valley Tech Park in Saipan is set to . . .
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