Business News

Article 12 states that only persons of NMI descent can acquire permanent and long-term interests in real property within the commonwealth. Commerce Secretary Michael A. Ada in his Power Point presentation to the Saipan Chamber of Commerce members last week said most banks are not eager to provide l…

This, according to Saipan Chamber of Commerce president Doug Brennan in the chamber’s August newsletter, is just one of the opportunities the commonwealth should seize. Brennan said there are other possibilities created by the military buildup for the CNMI. The Marianas Visitors Authority can  mark…

Island Bath & Ceramics had its grand opening on Saturday, and there was no hesitation on the part of the customers who flocked to the store to pick up various furnishings for their bathrooms, including huge modern shower rooms which store vice president Tatiana Ilmova said is a new item on isla…

This was according to Saipan airport manager Ed Mendiola when asked by the Variety recently. “Any additional airlines would mean additional airline seats that would bring in additional flights to the CNMI, and that would mean more tourists and visitors coming here,” Mendiola said. Currently, only e…

“When the tourism numbers go down, we go down like all the other businesses that are dependent on tourism and that has been happening for the past years,” said Saipan City Taxi Association founder Rabby Syed, a taxi driver for the past 10 years now. He said one of the factors why the tourist number…

The restaurant staffers have their hands full as customers flocked in, filling tables and waiting for other customers to finish so they could take their turns. Throughout the lunch hour, a steady stream of diners from all walks of life filed in so that orders took a little bit longer in coming, but…

Dela Cruz said “the economy of the CNMI has taken a ‘dive’ for at least five years now, and rather than improving, the recession we have been in has actually gotten worse.” “What do we have to sell here? We need to sell stuff to get the economy rolling but there is a dearth of entrepreneurs,” he sa…

CNMI-SBDC Director Gary Liddle said during the recent Saipan Chamber of Commerce meeting that the center will help business owners see their businesses in a new and different light that they have not seen before. “We have over 20 different workshops that we can customize to address and fit the spec…

Based on the latest report from the Commonwealth Auto Dealers Association, the three car dealers on island sold only a total of 34 brand new cars last month. The dealers sold 42 cars in June 2009. Last month’s car sales included 18 sedans, 7 trucks, 1 van and 8 sport utility vehicles. Microl Corp. …

The Skechers outlet opened its doors to the public on July 2. Gabriel F. Boyer, president of Skechers Saipan, said the Skechers Concept Outlet is the first and only outlet in the Marianas, with the nearest other outlet located in Hawaii. Boyer said  he has been distributing Skechers footwear from  …