Business News

Support local entrepreneurs at NMC Business Night

(NMC) — As part of its efforts to promote local entrepreneurs, the CNMI Small Business Development Center Network will be hosting a Small Business Night featuring new and upcoming local entrepreneurs and their products and services. The community is invited to attend. The event, held in collaborati…
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Casa Decor is latest ProaPerks Partner

(NMC) — Casa Decor is the latest company to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. All card-carrying members of the NMC ProaPerks program can now receive a 5% discount on all merchandise including items on sale. Casa Decor joins th…
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Oil prices extend gains with falling supplies in focus

LONDON (Reuters) — Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fueling supply worries, while weak economic data from China and Japan kept a lid on gains. Brent crude rose by $2.26, or 2.2%, to $106.90 a barrel by 1126 GMT while U.…
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CEDA appoints first economic development manager

(CEDA) — The Commonwealth Economic Development Authority’s  board of directors announced the hiring of the agency’s first economic development manager or EDM. Dave Guerrero will be joining CEDA from First Hawaiian Bank in Saipan, where he serves as the bank’s assistant vice president – commer…
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OPEC cuts 2022 world oil demand forecast due to Ukraine war

LONDON (Reuters) — OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China. In a monthly report, the Organization of the Petr…
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