Bank of Marshall Islands

Bank celebrates 40th

Bank celebrates 40th

EVE BURNS Bank of Marshall Islands proved at 40 they can party like a 16 year old. Rain and puddles did not stop BOMI from celebrating last Friday outside of the bank in Uliga. BOMI was first established in 1982, after the Marshall Islands First Commercial Bank closed down. “40 years is not easy,” former […]

3 head to UWC schools

3 head to UWC schools

EVE BURNS, GIFF JOHNSON Marshall Islands United World College (UWC) National Committee selected three intelligent and sharp-witted young ladies as recipients of two-year scholarships to three different UWC schools abroad. UWC is made up of a network of 18 schools on four continents. The majority of them focus on high school, with some also catering […]

Early child project launched

Early child project launched

In addition to informational briefings this week at the International Conference Center about the full rollout of the World Bank-supported Early Childhood Development project, a number of‪ important specific aspects of the new program were launched.‬ ‪These included the Ministries of Health, Education and Culture and Internal Affairs signing agreements for this multi-ministry intervention that […]

Ports in overdrive for airport fix

Ports in overdrive for airport fix

GIFF JOHNSON Major changes are ongoing at Amata Kabua International Airport in the wake of United Airlines’ suspension of air service to the capital beginning last week Wednesday. But even with the emergency action that is moving with unprecedented speed, it appears that it could be March at the earliest that passenger service can be […]

Women’s loan fund gets going

Women’s loan fund gets going

The Taiwan-funded women’s small loan program known as Kora Im Ankil (KIA) Fund Inc. is getting down to business following a board of directors meeting last week that finalized bylaws and other details for the program to start. This week, Tuesday a small ceremony was held at Bank of Marshall Islands marking the official turnover […]

Misco Market continues expansion

Misco Market continues expansion

GIFF JOHNSON From a modest start as a retail facility for fresh fish and handicrafts, the Misco Market in Majuro continues to expand, adding a wholesale operation, food processing, local produce, and soon a sizable walk-in freezer and cold storage facility to store fish for both local and export markets. The Misco Market is a […]

BOMI looks to expand loans

BOMI looks to expand loans

A team from Taiwan’s International Cooperation and Development Fund visited the Marshall Islands earlier this month to advance the launch of a new revolving loan fund to support household energy efficiency and home solar systems. The team also received Bank of Marshall Islands’ request to borrow $900,000 to add to its revolving loan fund for […]