The University of Guam has been awarded $20 million to expand its research capabilities on coral reef survival in rapidly changing environmental conditions. The five-year grant is from the National Science Foundation’s Established Program to Stimulate Competitive Research, more commonly referred to as EPSCoR, and will considerably expand upon work undertaken during the previous five-year, […]
Tag: Funding Assistance
Posted inPacific News
Pacific travel bubble should be “cautious and incremental”: SPTO
SUVA, 11 MAY 2020 (ISLANDS BUSINESS) — A new report on the impact of the COVID-19 pandemic on the Pacific’s tourism industry and recovery strategies has recommended immediate wage support, microgrants to industry operators and changes in the tax regimes as key to helping the industry to rebuild. The Pacific Tourism Organisation (SPTO) commissioned the […]
Posted inTop Stories
Private sector COVID-19 relief opens, application required
Ministry of Finance, the agency tasked to implement the COVID-19 relief package, began accepting applications of affected businesses on Wednesday at the designated processing center, across from former Cause Way Shell Gas Station. The building currently houses Finance Minister’s Office and Code of Ethics Office. The press release issued by the Ministry of Finance said […]
Posted inPacific News
Guam Government receives US$129M in federal money for pandemic, 141 covid-19 cases confirmed
HAGATNA, 27 APRIL 2020 (THE GUAM DAILY POST)—At least US$117 million in federal funds is now in government of Guam accounts – funds intended to aid the local response to the coronavirus pandemic. Adelup also received word that Guam received a US$12 million allotment from the U.S. Department of the Interior. GovGuam officials will need […]
Posted inPacific News
ADB announces $6 Million grant to help Marshall Islands combat COVID-19
MANILA, 23 APRIL 2020(ADB)—The Asian Development Bank (ADB) has announced the release of a US$6 million grant from its Pacific Disaster Resilience Programme (Phase 2) to help finance the Government of the Marshall Islands’ response to the novel coronavirus disease (COVID-19) pandemic. A state of emergency was declared in the Marshall Islands on 07 February […]
Posted inTop Stories
Law authorizing loan passed, May require fiscal policy change in order to obtain
Getting a $60million-dollar loan to help Palau mitigate the economic impact of the COVID-19 pandemic may require certain fiscal policy changes reported Minister of Finance Elbuchel Sadang. On Wednesday, President Remengesau signed into law RPPL 10-55, the Presidential Borrowing Act of 2020, which authorized the President of the Republic to seek and acquire a loan […]