Business

During People Week, McDonald’s recognizes the hard work of its employees while building team morale during a week-long celebration at the restaurants. McDonald’s Employee of 2nd Quarter Norbert Sulapas, Main Store McDonald’s Employee of 2nd Quarter Christopher Loyd Bantolino, Garapan St…

LONDON (Reuters) — Proposed capital rules for banks holding cryptoassets on their books could block lenders from competing in the fast-growing sector, a group of industry lobbying groups said, though they urged watchdogs to act quickly to finalize the regulations. The Basel Committee on Banking Sup…

WASHINGTON (Reuters) — The U.S. current account deficit increased to a 14-year high in the second quarter as businesses boosted imports to replenish depleted inventories amid robust consumer spending. The Commerce Department said on Tuesday the current account deficit, which measures the flow of go…

HAGÅTÑA (The Guam Daily Post) — The Department of Public Works is preparing the next steps in its efforts to tackle unsafe, derelict buildings. Vince Arriola, DPW director, at the monthly meeting of the Islandwide Beautification Task Force or IBTF, said while the department continues to issue and w…

(Reuters) —  U.S. Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening. The so-call…

(NMC) — In celebration of American Business Women’s Day, the CNMI Small Business Development Center at Northern Marianas College will host an online info session featuring several entrepreneurs who will be sharing their experiences, challenges, business tips and money-making habits. The session wil…

WASHINGTON (Financial Regulation News/Pacnews) — U.S. Congresswoman Uifa’atali Amata of American Samoa is touting the potential benefits of a budget reconciliation bill she said would provide American Samoa businesses with new tax credits. Amata said legislation would enable deduction of 20% of wag…

HAGÅTÑA (The Guam Daily Post) — Hiring and retaining workers in the middle of a pandemic has been hard enough for employers in Guam’s food and beverage industry. Adding the Covid-19 vaccination mandate to the picture is cutting both ways. Some businesses have started to lose valuable employee…

TAIPEI/BEIJING (Reuters) — Taiwan threatened to take China to the World Trade Organization on Sunday after Beijing said it would suspend sugar apple and wax apple imports from the island on pest concerns, in the latest spat between the two over fruit. Relations between Taipei and Beijing, which cla…

(BoH) — Bank of Hawaii announces the sale of its building in Hagåtña, Guam, at 134 W. Soledad Ave. to the property investment subsidiary of Citadel Pacific Ltd. The sale of the building aligns with the bank’s plans to build a new West Pacific regional headquarters in Tamuning, which will include a …