Government of the Federated States of Micronesia

Nena requests Inputs from Governors on Phoenix Laboratory

PALIKIR, Pohnpei (FSM Information Service): April 6, 1998 - President Jacob Nena requested the comments and recommendations from Pohnpei Governor Del Pangelinan and Kosrae Governor Moses Mackwelung, as a Foreign Investment Permit application submitted for his approval by Phoenix Color Photo Laboratory, Inc. The application is by owner and shareholder Kazunari Katayama, to establish and maintain business operations in Pohnpei and Kosrae States.

Nena said in his identical letters of March 20, to the governors to submit their comments or recommendations to him within 30 days from the receipt of the stated applications and informational materials.

Title of the FSM Code, amended by PL 5-134, stipulated that foreign investment business applications which fall within the scope of the referenced portion of the Code, require comments and recommendations from the state or states where the applicant is seeking approval for establishing a business.


For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356
e-mail: fsmpio@mail.fm
http://www.fsmpio.fm/