Business News

MANILA (AFP) —  The Philippine economy will take more than a decade to return to pre-pandemic growth, an official said Thursday, warning the next two generations of Filipinos would be paying for the cost of Covid-19. Lockdowns and other restrictions aimed at slowing the spread of the coronavirus ha…

(Press Release) — The Saipan Chamber of Commerce will be hosting its monthly general membership meeting on Wednesday, Oct. 6, 2021 at the Regency Ballroom, Hyatt Regency Saipan. The topics and guest speaker: • Ben Babauta, CEO, Pacific Mini Games 2022, will speak about the exciting event and opport…

WASHINGTON (Reuters) — Top U.S. trade negotiator Katherine Tai on Monday pledged to begin unwinding some tariffs imposed by former President Donald Trump on goods from China while pressing Beijing in “frank” talks in coming days over its failure to keep promises made in the Trump trade …

LONDON (Reuters) — OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have pushed oil above $80 per barrel. The oil price rally to a three-year high is exacerbated by an even bigg…

(BoG) — After almost 10 years of serving Saipan’s southern region, Bank of Guam has announced that they will be officially closing their Chalan Piao location on Dec/ 31, 2021, streamlining operations under its Garapan branch. Since the beginning of 2021, the bank has embarked on a transformative jo…

TOKYO (Reuters) — Oil prices were mixed on Thursday as selling prompted by an unexpected rise in U.S. inventories eased, with analysts predicting supply may not keep up with a recovery in demand. Brent crude was down 8 cents at $78.56 a barrel by 0615 GMT, after falling 0.6% on Wednesday. U.S. oil …

(PATA) — The first general membership meeting of 2021 for the Pacific Asia Travel Association Micronesia Chapter will be held on Oct. 15, 2021 at 9 a.m. Chamorro Standard Time. The meeting will be conducted virtually via Zoom: https://us02web.zoom.us/j/85318782820?pwd=YVhTMWVOb3FtQ2Q1UDZ1WGVEQ25qZz…

SHANGHAI/BEIJING (Reuters) — China Evergrande Group missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt payment in a week, although the cash-strapped company is scrambling to meet its obligations in its home market. The company, reeling under a debt p…

(NMC) — Cup Bab Restaurant 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 (valid for dine-in customers only.) Cup Bab Restaurant …

TARAWA (TAK) — The Tourism Authority of Kiribati celebrated World Tourism Day 2021 with the theme “Tourism Through Inclusive Growth,” and unveiling its Tourism Restart Program in Betio South Tarawa. The event was attended by government ministers, secretaries, members of the diplomatic corps, touris…