Business

TARAWA (Tourism Authority of Kiribati) — The islet of Betio and South Tarawa was a hive of activities on Saturday, Feb. 18, 2023 when the Pacific Island destination of Kiribati welcomed its first international cruise ship visit since border reopening. The Amadea Shipping Company owned MS Amadea ope…

(Reuters) — The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put the Federal Reserve on pace for more interest rate hikes. The see-saw session on Wall Street followed economic data this week that pointed …

BARRIGADA HEIGHTS, Guam — Foremost Foods, Inc. and Coca-Cola Beverage Co. (Guam) Inc., the leading non-alcoholic beverage companies on Guam and in Micronesia, have signed a solar power purchase agreement with IP&E Holdings, LLC., a local energy company that has been supplying the islands for ov…

(SCC) — The Saipan Chamber of Commerce will host an economic forum, featuring a panel of subject matter experts, to keep the community apprised of economic conditions, challenges, and opportunities the CNMI is currently facing. The economic forum and will take place on Wednesday, Feb. 22, 2023, fro…

Japan TV travel show “Tabi Salad” films at Micro Beach in Saipan in Dec. 2022.   The destination awareness media promotion was organized by the Marianas Visitors Authority and United Airlines and resulted in $2.7 million in ad exposure value in Jan. 2023 for the destination. Japan TV travel show “T…

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…