Business News

“I feel so much honored to be chosen as the Businessman of the Year. This means a lot to me and I want to thank the individuals who trusted me and nominated me. I appreciate the recognition,” 42-year old Vicente “Ben” M. Babauta, DFS Saipan Ltd. assistant general manager for operations told the Var…

The global economic crisis, the mass exodus of residents to the mainland and other countries to look for greener pasture, the onset of federalization and the uncertainty of their immigration status just some of the factors of the steadily decreasing figures in car sales for the past five years. But…

According to the data from the Marianas Visitors Authority, Japanese and Korean visitors who responded to questionnaires checked “pleasure” as their main reason for visiting the islands. Statistics from the MVA for the first three quarters of 2009 showed that in January, 85.85 percent of the Korean…

37 years and still counting, the Pacific Development Inc. has overcome the gigantic hurdles that came its way and managed to float and survive despite the economic depression that has rendered thousands of businesses helpless in its powerful grip. The two founders, Herman T. Guerrero and his Japane…

About ten years after, the last of over 30 garment factories closed its doors and ended the era of what can be considered as Saipan’s “glory days.” People are leaving the island in droves looking for better opportunities in other places, leaving residential and commercial buildings to ruins. For th…