Business News

HAGÅTÑA (The Guam Daily Post) — The Village of Donki, a new Guam outlet from popular Japanese retailer Don Don Donki, is on the cusp of opening and, after a limited qualifying certificate for property tax abatement was granted to Pan Pacific Retail Management Guam, a callout for job seekers has bee…

BEIJING (Reuters) — Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. Brent crude futures were up 41 cents, or 0…

THE Saipan Chamber of Commerce  is pleased to announce the successful completion of its recent professional development webinar on “How Company Leaders can Support Women in the Workplace.” The webinar, which took place on March 29, 2023, was attended by a variety of chamber members and future-chamb…

SAFETY Management System pays tribute to the late Jack Kabiriel who helped its owner, Kevin Tang, build the company. Kabiriel, who had cancer, passed away on March 25, 2023. He was 46. In an interview, Tang said the company will continue to provide the local community with quality safety and securi…

HONOLULU (BoH) — For the second consecutive year, Bank of Hawai‘i is named on a national ranking of “Most Trustworthy Companies in America” by Newsweek and is the only business in Hawai‘i to appear on the list. A total of 700 companies across 23 industries are listed. In the banking industry catego…

KOROR,  Palau  (GEDA) —  Five  Guam-based  companies  traveled  to  Palau  to showcase their locally made products to distributors, wholesalers, and retailers as part of the first-ever Palau Trade Mission organized by the Guam Economic Development Authority or GEDA and in partnership with the Weste…

(MVA) — According to the Marianas Visitors Authority, arrivals to Saipan, Tinian and Rota grew 255% to 14,863 visitors in February 2023, compared to 4,188 visitors received in February 2022. Overall, visitor arrivals to the Marianas are 55% lower year-to-date compared to FY 2019 before the pandemic…

WASHINGTON (Reuters) — U.S. House Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok, alleging China’s government had access to the short video app’s user data. In the United States, there are growing call…

WASHINGTON/NEW YORK (Reuters) — The banking crisis set off by the swift collapse of Silicon Valley Bank has exposed a sharp disconnect between Washington and Wall Street. Bankers want faster, more aggressive action to shore up the industry, while the Biden White House and regulators argue they̵…

(Reuters) — In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system. With the collapse of Silicon Valley Bank and Signature Bank and the U.S. gove…