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 […]
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 […]
GIFF JOHNSON An agreement is expected to be signed next year that will more than double the level of funding for micro loans in the Marshall Islands.
Team Lae men continued their reign as the top team in the RMI with their fifth consecutive championship in the BOMI 18th Ralik Ratak Shootout Basketball Tournament that wrapped up Saturday in Majuro.
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 […]
Marshall Islands social media was atwitter last week with stories about an attempted armed bank robbery in Majuro aborted by national police intervention. But while there was a gun, the Bank of Marshall Islands Uliga branch turned out to be a conveniently located hideout for the gun, not a target for robbery, said Marshall Islands […]
Journal 4/11/1975 P13 Ponape Legislature approves salaries Ponape District Legislature passed a bill last week setting salaries for the lawmakers annually at $6,000 and $7,000 for the speaker. While legislature observers feel the bill has a good chance of being accepted by Distad Leo Falcam, Falcam’s number two man Bermin Weilbacher said the chances of […]
GIFF JOHNSON The Bank of Marshall Islands — and the RMI in general — is facing the threat of losing all connections with US banks, links that allow thousands of individuals, businesses and government agencies to carry out routine financial transactions. This threat to BOMI and the RMI economy stems from enforcement by the US […]
Bank of Marshall Islands celebrated 33 years of operations last Thursday with dancing, a huge cake and by giving away local products from Tobolar and RRE. Ebeye branch manager and Vice President Hermai Makroro marked the occasion by announcing that next year would see the start of construction of the bank’s proposed new bank building […]