Business

(MVA) —  According to the Marianas Visitors Authority, arrivals to Saipan, Tinian and Rota grew 1,386% percent to 6,939 visitors in May 2022, compared to 467 visitors received in May 2021. The figure is an overall decrease of 82% from 38,262 visitors received in May 2019, but is also the highest mo…

HAGÅTÑA (BoG) — With the Bank of Guam since 1999, Jackie Marati first joined the Bank’s Corporate Banking Group.  Since then, she has held positions of Special Assistant to the President for Tony Leon Guerrero before heading the Bank’s Marketing,   Human  Resources,   Communications   and  Public  …

NEW YORK (Reuters) — Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red. Brent crude has surged nearly 40% since the start of the year and stands at $110.73 per barrel as tight inventori…

(Special Advertising Feature) — United Airlines announced Wednesday that the Nagoya-Guam and Fukuoka-Guam nonstop services will relaunch in August, further expanding the airline’s non- stop service and capacity between Japan and Guam. United will reopen its Nagoya-Guam service on Aug. 1 and offer t…

(Press Release) —  SHRM CNMI Chapter will host a general membership meeting in the Regency Ballroom, Hyatt Regency Saipan on Thursday, June 23,  starting at 12 noon. Doors will open at 11:15 a.m. Jacqueline A. Nicolas, administrative hearing officer at the CNMI Department of Labor, will be discussi…

(Reuters) — Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production. Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged whi…

TORONTO (Reuters) —  Treasury Secretary Janet Yellen said on Monday that a gasoline tax holiday should be considered as a way to address inflation, even if it is “not perfect” and may not result in all of the reduction passed on to consumers. Yellen, speaking to reporters after meetings…

SINGAPORE (Reuters) — Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for agi…

(Reuters) — The Philippine central bank will raise rates by a modest 25 basis points for a second straight meeting in June, opting to move more slowly than its global peers in an attempt to cool soaring inflation, a Reuters poll forecast. With the economy in the Southeast Asian nation recovering sm…

TOKYO (Reuters) — The Japanese yen remained under pressure on Monday, weakening toward a 24-year low after the Bank of Japan on Friday bucked the trend in a week of massive central bank tightening to renew its commitment to ultra-easy policy. The euro was steady despite French President Emmanuel Ma…