Business

MANILA (Reuters) — Philippines President Rodrigo Duterte has lifted a moratorium on casino operations in the country’s top holiday island to generate taxes for its Covid-19 pandemic response, the presidential spokesperson said on Saturday. The firebrand leader has had a longstanding oppositio…

KOROR  (Island Times/Pacnews) — The Taiwan-Palau travel bubble will still proceed despite Palau having acquired its first cases of Covid-19, Palau President Surangel Whipps Jr. said. Because these cases were travel-related and not locally transmitted, Taiwan has agreed to continue the travel bubble…

HAGÅTÑA (BoG) —  BankGuam Holding Company announced that its board of directors declared a quarterly cash dividend of $0.10 per share for the holders of its common stock and a dividend payment to the holders of the company’s 4.97% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series A, at…

(Reuters) — Top U.S. dollar companies said their full-year profits will take a bigger hit than feared due to surging transportation costs, with Dollar Tree Inc warning that an acute shortage of shipping capacity could hurt store inventories. Dollar Tree shares fell 9% on Thursday after the company …

WASHINGTON (Reuters) — The U.S. economy grew a bit faster than initially thought in the second quarter, lifting the level of gross domestic product above its pre-pandemic peak, as massive fiscal stimulus and the impact of Covid-19 vaccinations boosted spending. The report from the Commerce Departme…

LAS VEGAS (GEDA) — The Guam Economic Development Authority  is in Las Vegas, Nevada this week at the ASD Market Week Trade Show promoting Made in Guam products to potential buyers and distributors from across the United States as well as international markets. “A hallmark of our administration is i…

(NMC) — Summer Snow Café & Kids Café is the latest company to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. All card-carrying members of the NMC ProaPerks program can now receive a 5% discount on food and beverages. The NMC ProaPerks …

SEOUL (Reuters) —  When South Korea announced new lending curbs last month, Joe Park, a 34-year-old grocery chain purchasing manager, scrambled to borrow more money before the tighter rules took effect. After his loan broker said no, he sought alternative financing including much costlier credit ca…

HONG KONG (Reuters) — Asian shares held onto their recent gains on Wednesday after last week’s pummeling, as global equities rebounded, though the focus for most asset classes was the U.S. Federal Reserve’s annual symposium on Friday. MSCI’s broadest index of Asia-Pacific shares o…

NEW YORK (Reuters) — Retailers from Macy’s Inc to Target Corp, keen to see the apparel sales momentum of the second quarter keep going, are stocking shelves not just with clothing for the office and school, but for a return to Zoom calls as Covid-19 infections surge in the United States. Reta…