Business News

HAGÅTÑA (BoG) — Bank of Guam announced Wednesday that their campaign Stop COVID, Spread LOVE has been awarded two 2021 Brand Slam Awards for best crisis communications and social media campaign from the American Bankers Association or ABA. The 2021 ABA Brand Slam Awards honor the nation’s top marke…

(Reuters) — California Gov. Gavin Newsom signed a bill on Monday that will ensure thousands of workers in the garment industry are paid a minimum wage by the hour instead of a piece-rate compensation. Newsom signed the Senate Bill 62, also called the Garment Worker Protection Act, and will pave way…

SHANGHAI (Reuters) — As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shor…

TRIPLE J Payless SuperFresh & Truckload Store in the CNMI received the 2021 Certified Angus Beef International Independent Retail Marketer of the Year award at the Certified Angus Beef Annual Conference held virtually from Sept. 22 to 24. Triple J Five Star Wholesale Foods General Manager Jay S…

NEW YORK/LONDON (Reuters) — U.S. government borrowing costs advanced for a sixth week on Monday on bets that higher interest rates were on the way and global energy shares rose as crude oil prices hit three-year highs of almost $80 a barrel. Stocks also benefited from an easing in Sino-U.S. tension…

(Reuters) — The U.S. economy will soon meet the Federal Reserve’s bar for beginning to reduce its bond purchase program, Chicago Fed President Charles Evans said on Monday, but it will be late 2023 before an interest rate hike is warranted. “I see the economy as being close to meeting t…

THE Marianas Visitors Authority is joining the global travel and tourism community in celebrating World Tourism Day, Monday, Sept. 27, by hosting a series of activities on Saipan, Tinian and Rota. The MVA board earlier this month approved an appropriation of $15,000 for these activities. Marianas V…

LONDON (Reuters) — Britain’s decision to issue temporary visas for 5,000 foreign truck drivers is a short-term fix that will not solve an acute labor shortage that risks major disruption for retailers in the run-up to Christmas, business leaders have warned. Long lines of vehicles formed at petrol …

HONOLULU (BoH) — Bank of Hawaii has been named “Best Big Bank in Hawaii” in Newsweek’s America’s Best Banks 2022 rankings. Newsweek partnered with LendingTree, the online marketplace and comparison site for financial services, for its second annual Best Banks rankings. The Best Big Bank in each sta…

NEW YORK (Reuters) — Investors are grappling with how an unwind of the Federal Reserve’s easy money policies could affect asset prices, after the central bank signaled that a taper of its bond-buying program was closer than ever and suggested it may raise rates at a faster-than-expected pace. In wh…