Business News

TUMON, Guam — Thomas G. Shimizu, general manager, Ambros Inc., Marianas Pacific Distributors Inc., Shimbros International Inc., and South Pacific Distributors Inc., was named the  Guam Business Magazine 2022 Executive of the Year at a packed gala held Feb. 11 at the Hyatt Regency Guam. Shimizu grad…

BANK of Guam has announced its new branch hours of operation. The change will be effective Monday, Feb. 13, 2023, and will be standardized across the bank’s network. New branch hours will be as follows for Guam, CNMI, and neighboring islands regions: Monday – Friday          9 a.m. – 4 p.m. Saturda…

MARIANAS Southern Airways, the CNMI’s newest airline, has announced a new route linking Rota to Guam and an evening Guam to Saipan flight. The airline’s president, Keith Stewart, said: “Following the recent delivery of another brand new twin engine, air conditioned aircraft we are delighted to anno…

LONDON (Reuters) — Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia’s invasion of Ukraine reshaped global energy markets and, in some cases, the industry’s climate ambitions. The profit surge gave t…

THE Saipan Chamber of Commerce as the collective voice of our island’s business community is deeply concerned about the Federal Aviation Administration’s suspension of services provided by Aero Micronesia Inc. dba Asia Pacific Airlines or APA on Wednesday, Feb. 1, 2023. The suspension of APA’s serv…

SHRM CNMI Chapter will host a general membership meeting at the Charley’s Cabaret, Pacific Islands Club Saipan on Thursday, Feb. 23, 2023, starting at 8:30 a.m. Doors will open at 8 a.m. Attorney Bruce Mailman, will discuss alternatives for the USCIS CW-1 Visa — i.e., Green Card sponsorship, H1-B v…

(MVA) —  The Marianas was recently featured on one of Japan’s most popular and longest running television travel shows “Tabi Salad,” bringing the destination an estimated $2.7 million in ad exposure value. The program, produced by Asahi Broadcasting Co., was filmed as part of a destination awarenes…

SINGAPORE (Reuters) — Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the U.S. central bank will soon end its monetary tightening streak. MSCI’s bro…

WASHINGTON (Reuters) — The Federal Reserve said on Wednesday it had turned a key corner in the fight against high inflation, but that “victory” would still require its benchmark overnight interest rate to be increased further and remain elevated at least through 2023. In announcing its …

BENGALURU (Reuters) — Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $86 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock…