Business News

WASHINGTON (Financial Regulation News/Pacnews) — U.S. Congresswoman Uifa’atali Amata of American Samoa is touting the potential benefits of a budget reconciliation bill she said would provide American Samoa businesses with new tax credits. Amata said legislation would enable deduction of 20% of wag…

HAGÅTÑA (The Guam Daily Post) — Hiring and retaining workers in the middle of a pandemic has been hard enough for employers in Guam’s food and beverage industry. Adding the Covid-19 vaccination mandate to the picture is cutting both ways. Some businesses have started to lose valuable employee…

TAIPEI/BEIJING (Reuters) — Taiwan threatened to take China to the World Trade Organization on Sunday after Beijing said it would suspend sugar apple and wax apple imports from the island on pest concerns, in the latest spat between the two over fruit. Relations between Taipei and Beijing, which cla…

HAGÅTÑA (The Guam Daily Post) — Direct financial aid of up to $50,000 each should reach the first batch of pandemic-hit small businesses next week under the Guam Economic Development Authority’s $20 million grant assistance program. GEDA Administrator Melanie Mendiola told the GEDA board Thur…

(Reuters) — United Airlines Holding Inc said on Thursday 95% of its management was fully vaccinated and about 90% of all employees had uploaded proof of shots ahead of the company’s Sept. 27 deadline for staff vaccination. United has taken a tough stance on employees who decline to get vaccin…

(BoH) — Bank of Hawaii announces the sale of its building in Hagåtña, Guam, at 134 W. Soledad Ave. to the property investment subsidiary of Citadel Pacific Ltd. The sale of the building aligns with the bank’s plans to build a new West Pacific regional headquarters in Tamuning, which will include a …

(MVA) —  The Marianas Visitors Authority welcomes new and returning members for the new fiscal year beginning Oct. 1, 2021, Businesses, organizations, and individuals are welcomed to join the state tourism agency for   $100/year.   Accounts   can   be   registered   and   paid   on   MVA’s   Englis…

(NMC) — International Roller Skates 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 $1.00 off on the admission fee and a complimentary 16 ounce …

WASHINGTON (Reuters) — Production at U.S. factories slowed more than expected in August amid disruptions from Hurricane Ida and lingering shortages of raw materials and labor as the Covid-19 pandemic drags on. Manufacturing output increased 0.2% last month, the Federal Reserve said on Wednesday. Da…

WASHINGTON (Reuters) — Underlying U.S. consumer prices increased at their slowest pace in six months in August as used motor vehicle prices tumbled, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints. The broad slowdown in price…