Business News

TO celebrate Christmas with you, Kensington is ready to welcome local customers! Starting from the 24th of December, restaurant outlets are ready to serve you a fine-dining experience on island. Along with enjoying the hotel’s deluxe room and pools, you can treat yourself to a premium Christmas at …

HONOLULU (BoH) — Bank of Hawaii announces the following leadership succession plans in its commercial banking division. After a 45-year career at Bank of Hawaii, vice chair and chief commercial officer Wayne Y. Hamano will retire on Jan. 13, 2022. Hamano first joined the bank as a commercial credit…

HAGÅTÑA — Bank of Guam board of directors and management are proud to announce the following appointments effective  January 2, 2022: • Symon A. Madrazo has been promoted from vice president/controller to senior vice president/chief financial officer.   Symon joined the Bank in 2001 following his g…

LONDON (Reuters) — Commodities outperformed other assets this year as a recovery from the pandemic boosted demand though gold’s poor showing dented investor appetite. Heading into 2022, commodities, which often perform well late in economic cycles, are due to remain competitive with equities …

CHICAGO (Reuters) — Home sales across the United States are expected to end 2021 up 7.1%, but are forecast to decline over the next two years as limited supply, along with higher mortgage rates and prices, cool the residential real estate market, Fannie Mae said on Monday. The government-sponsored …

(Reuters) — Citing high U.S. inflation and a job market that’s nearing its full potential at least while the Covid-19 pandemic continues, Federal Reserve policymakers on Friday laid out a case for raising interest rates soon after the central bank ends its bond-buying program in March. And it…

(Reuters) — Rivian Automotive Inc shares skidded nearly 15% on Friday to hit a record low after the electric vehicle maker’s first result as a listed company highlighted the challenges it was likely to face in ramping up production to take on EV leader Tesla Inc. Rivian’s shares slumped…

(MVA) —  The Marianas continues to be exempted from South Korea’s 10-day mandatory quarantine for all travelers entering the country, an added plus for  the  growing  number  of  South  Korean  travelers  making  the  island  archipelago  their destination of choice. The Korea Disease Control and P…

(MCS) — To raise much-needed funds and spread the Christmas spirit, Great Harvest, Inas’ Kitchen, and The Shack are offering special discounts for Mount Carmel School’s Holiday Coupon Fundraiser. By purchasing a holiday coupon booklet, participants can gain a “buy one get one 50% off” coupon from I…

HAGÅTÑA (BoG) —  Bank of Guam board of directors and management announced that Francisco M. Atalig, Joseph P. Bradley and Ernest P. Villaverde are retiring from Bank of Guam effective Dec. 31, 2021. Atalig also steps down from BankGuam Holding Company with the same effective date. Francisco “Frank”…