President Panuelo Signs Emergency Regulation & Proposed Permanent Regulation Implementing Public Law 22-139; Pohnpei Residents’ Cashpower Bill to be Reduced by 29 Cents per Kilowatt Hour

PALIKIR, Pohnpei—On November 28th, 2022, His Excellency David W. Panuelo—President of the Federated States of Micronesia (FSM)—signed an emergency regulation, and proposed permanent regulation, implementing Public Law 22-139. Public Law 22-139 for the States of Chuuk and Kosrae, for example, remits 20% of tax revenue directly to the States for...

Boards of FSMTC & OAE Advise President Panuelo Their Support of the East Micronesia Cable Project Funded by Australia, Japan, & the United States; “You Have FSMTC’s Full Support on the EMC Cable Project & We Will Not Deny Access to the HANTRU-1 in Any Way”

PALIKIR, Pohnpei—Recently, His Excellency David W. Panuelo—President of the Federated States of Micronesia (FSM)—virtually received the Board of Directors of both the FSM Telecommunications Corporation (FSMTC) and the FSM Telecommunications Cable Corporation, frequently referred to as the Open Access Entity (OAE). The purpose of the meeting was to discuss with...

Vice President Aren B. Palik Heads Delegation of the Federated States of Micronesia to the Thematic Session of the 12th Conference of Leaders (C12) of the Pacific Community

PALIKIR, Pohnpei—From the week of November 21st to 25th, 2022, the Honorable Aren B. Palik— Vice President of the Federated States of Micronesia (FSM)—engaged in a series of meetings and events in the Republic of Vanuatu, including representing the FSM in the Thematic Session of the 12th Conference of Leaders...

JOINT MEDIA RELEASE NEW CUSTOMS IT SYSTEM FOR THE FEDERATED STATES OF MICRONESIA TO BOOST INTERNATIONAL TRADE, ACCELERATE CLEARANCE OF IMPORTS & EXPORTS

(25 NOVEMBER 2022, POHNPEI) - The Federated States of Micronesia (FSM) is to modernize its customs procedures through the upcoming launch of ASYCUDAWorld - a cutting-edge customs management system developed by the UN Conference for Trade and Development (UNCTAD) to speed up customs clearance and facilitate international trade. Funded by...

The FSM’s Compact Trust Fund Decreases to $911,236,499

PALIKIR, Pohnpei—The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia —also known as the Compact Trust Fund so as to distinguish it from the separate FSM Trust Fund—recently conducted its Fiscal Year 2022 fourth quarter meeting.  As of September 30th, 2022, the...

Secretary Yatilman Advocates for Urgent Global Action on Methane

PALIKIR, Pohnpei—During the 27th Conference of Parties to the United Nations Framework Convention on Climate Change, held in Sharm El-Sheikh, Egypt, the Honorable Andrew R. Yatilman—Secretary of the Department Environment, Climate Change, & Emergency Management—spoke at a high-level panel on methane mitigation. Joined by the U.S. Special Presidential Envoy on...

Secretary Akinaga & Blue Prosperity Micronesia Conduct Outreach & Consultations on Marine Spatial Planning Bill

PALIKIR, Pohnpei—Recently, the Honorable Elina Akinaga, Secretary of the Department of Resources & Development, and the Blue Prosperity Micronesia team and partners, visited the State of Kosrae to hold consultations on the Marine Spatial Planning bill presently with the 22nd Congress of the Federated States of Micronesia (FSM) for their...

The Federated States of Micronesia Congratulates the United States of America & the People’s Republic of China for the Resumption of Climate Change Cooperation Talks; “Dialogue Essential for Peace,” President Panuelo Says

PALIKIR, Pohnpei—On November 15th, 2022, His Excellency David W. Panuelo—President of the Federated States of Micronesia (FSM)—released the following statement regarding the recent meeting between His Excellency Joseph R. Biden Jr., President of the United States of America, and His Excellency Xi Jinping, President of the People’s Republic of China...