Daily news on business and economy in American Samoa

Provided by AGP

AGP Executive Report

Last update: 7 hours ago

Deep-Sea Mining Push Meets Local Pushback: American Samoa’s governor has set up a Deep Sea Minerals Steering Committee to oversee any DSM moves, with seven subcommittees covering infrastructure and revenue sharing—while local groups are circulating a community letter urging the Fono to act fast to protect local waters and rights as federal agencies move toward leasing timelines. Budget Pressure: The territory’s FY2026 second-quarter update shows revenues running about 13.2% below projections, prompting a call for tighter spending, including temporary limits on new hiring and non-essential travel. Public Safety Accountability: A territorial audit says the Criminal Justice Planning Agency may owe about $459,000 tied to a COPS grant after funds were used for truant officers instead of sworn law enforcement or school resource officers. Regional Watch: Samoa is facing fresh questions after photos circulated online appear to show cabinet ministers with promoters of BG Wealth, a crypto scheme regulators warn resembles a Ponzi-style operation. Transport Update: Damen Shipyards met with PAAS on the new fast ferries, continuing work toward improved Manu’a connectivity.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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Apr. 24, 2026

Federal Home Loan Bank of Des Moines Announces First Quarter 2026 Financial Results, Declares Dividend

GlobeNewswire, Inc.

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Mar. 10, 2026

Port Administration of American Samoa and ATLAS Space Operations Finalize Agreement for New Satellite Ground Station

GlobeNewswire, Inc.

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Jan. 28, 2026

Deep Sea Minerals Corp. Welcomes NOAA Deep-Sea Mapping Initiative Near American Samoa

GlobeNewswire, Inc.

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Dec. 23, 2025

FOR IMMEDIATE RELEASE: HAWAIʻI STATE ENERGY OFFICE TO SUPPORT COMMUNITY RESILIENCE PROJECTS IN HAWAIʻI AND AMERICAN SAMOA

Governor of State of Hawaii

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Feb. 11, 2026

Federal Home Loan Bank of Des Moines Announces 2025 Fourth Quarter and Annual Financial Results, Declares Dividend

GlobeNewswire, Inc.

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Sep. 17, 2025

Itron and American Samoa Power Authority Expand Collaboration to Modernize the Grid in American Samoa

GlobeNewswire, Inc.

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