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American Samoa Economic Development Authority
Pago Pago, AMERICAN SAMOA — After reviewing the American Samoa Economic Development Authority’s (ASEDA) public notice of their plan to issue and sell a 2021 bonds series, Rep. Larry Sanitoa says the bonds would increase the government debt by up to $25 million and maintains his belief that the Fono...
Pago Pago, AMERICAN SAMOA — In a Mar. 18th memorandum, Gov. Lemanu Peleti Palepoi Sialega Mauga made the “recess appointment” of Chief Procurement Officer, Ti’alemasunu Dr. Mikaele Etuale, as a member to the board of the American Samoa Economic Development Authority (ASEDA).
According to the...
Pago Pago, AMERICAN SAMOA — The Legislature has the full authority to change the law that allows the American Samoa Economic Development Authority (ASEDA) to issue bonds.
This was the statement by the American Samoa Attorney General Fainu’ulelei Ala’ilima Utu during a House Hearing to approve three...
Pago Pago, AMERICAN SAMOA — A Senate bill, sponsored by Sen. Magalei Logovi’i, if enacted into law will address long standing complaints from several lawmakers in the past years, over the American Samoa Economic Development Authority issuing new bonds and spending these revenues without Fono...
Pago Pago, AMERICAN SAMOA — ASG Treasurer Malemo L. Tausaga is the newest member of the American Samoa Economic Development Authority (ASEDA) board of directors after his confirmation by the Senate.
Malemo’s “insight as the Treasurer... will be an asset to the board in executive objectives that...
Pago Pago, AMERICAN SAMOA — Based on advise from consultants, American Samoa Economic Development Authority (ASEDA) board of directors has opted not to move forward with the proposed general refunding bond 2020 series. In the meantime, the board has updated investors on the latest development at...
Pago Pago, AMERICAN SAMOA — The American Samoa Economic Development Authority (ASEDA) is trying to refinance its current bonds at the lower interest rates— taking advantage of the bond market at this time, says ASEDA board member Iulogologo Joseph Pereira, responding to Samoa News inquiries...
Pago Pago, AMERICAN SAMOA — The three House members who filed a lawsuit last year against the American Samoa Economic Development Authority (ASEDA) board of directors, over the agency’s spending of proceeds from the 2018 bond series without Fono approval will not seek reconsideration of the High...
Pago Pago, AMERICAN SAMOA — In a 7-page decision dated Jan. 6th, the Trial Division of the High Court dismissed the lawsuit filed by three House members against the American Samoa Economic Development Authority (ASEDA) board of directors, pointing out — among other things — that plaintiffs “lack...
Pago Pago, AMERICAN SAMOA — Three House Representatives filed their opposition motion to the Trial Division of the High Court of American Samoa last week in response to the American Samoa Economic Development Authority’s (ASEDA) motion to dismiss a complaint by the three over the use of proceeds of...