Business section

Fed officials eye markets down, say inflation is priority | Business section

WASHINGTON (Reuters) — U.S. Federal Reserve officials on Monday brushed off growing volatility in global markets, from falling U.S. stocks to overseas currency turmoil, and said their top priority remained controlling domestic inflation. “There are interactions there,” said Cleveland Fed President Loretta Mester, noting that volatility in financial markets can affect investor decisions and the […]

Business section

Dollar Dominates, Stocks Shrink as Fed Rises | Business section

SYDNEY (Reuters) — The dollar hit a new two-decade high against its major peers and stocks fell on Thursday after the Federal Reserve raised U.S. interest rates and forecast more hikes than investors had expected. The euro fell to a 20-year low of $0.9810 after Russia ordered the mobilization of reserve troops amid an escalating […]

Business section

Aingimea joins PIDB as loan officer | Business section

HAGÅTÑA, Guam (PIDB) — The Pacific Islands Development Bank is proud to announce and welcome Jamie James Aingimea as the bank’s Loan Officer. “We welcome Jamie to our PIDB family. I am confident that he will be a valuable addition to our team,” said PIDB President and CEO Lindsay Timarong. Jamie was born and raised […]

Business section

Stocks stretched, dollar bullish for central bank frenzy | Business section

SYDNEY (Reuters) — Stocks slid in Asia on Monday and the dollar strengthened as investors braced for a busy week of central bank meetings that are sure to see borrowing costs rise across the world, with risk size increase in the United States. Markets are already fully priced for a 75 basis point interest rate […]

Business section

Truly self-driving cars may be impossible without helpful human contact | Business section

MILTON KEYNES, England (Reuters) — Autonomous or audio-visual vehicle startups have raised tens of billions of dollars on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help struggling robot drivers. The central premise of autonomous vehicles – that computers and artificial intelligence will […]

Business section

More concerns for US stocks and bonds: the Fed accelerates the ‘QT’ | Business Section

NEW YORK (Reuters) — As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors fear the so-called quantitative tightening will weigh on the economy and make this year even more brutal for stocks and bonds. After roughly doubling its balance sheet to $9 trillion post-pandemic, the Fed began unloading some […]

Business section

Defensives, energy and dividends gain favor as market slumps again | Business Section

NEW YORK (Reuters) — The new volatility in US equities is causing some investors to retreat into sectors of the market that have been relatively strong in a brutal year for equities, including energy stocks, defensive names and dividend payers. The S&P 500 is down 9% since mid-August, partially reversing a summer rebound after Federal […]

Business section

Jobs-friendly Fed ‘soft landing’ hinges on history not repeating | Business section

(Reuters) — Federal Reserve officials have acknowledged that the battle against inflation will be paid for in job losses, and the U.S. central bank will need an unlikely combination of events to keep those losses to a minimum as interest rates rise. interest continue to rise. Economists assessing the trade-off facing the Fed believe that […]

Business section

Stocks continue to slide, the dollar climbs on the hubbub of rates | Business Section

SYDNEY (Reuters) — Asian stocks fell on Monday as the growing risk of more aggressive rate hikes in the United States and Europe pushed bond yields and the dollar higher, and tested stock valuations and earnings. Federal Reserve Chairman Jerome Powell’s promise of political “pain” to rein in inflation dashed hopes that the central bank […]

Business section

Wall Street ends in a hole after Powell’s speech in Wyoming | Business section

(Reuters) — Wall Street ended Friday with all three benchmarks down more than 3%, as Federal Reserve chief Jerome Powell’s signal that the central bank would continue to raise rates to keep inflation under control. dashed budding hopes of a more modest trajectory among some investors. The Nasdaq led the declines among the three U.S. […]

Business section

Energy Windfall Drives Shareholder Payouts to New Record | Business section

LONDON (Reuters) — Energy companies reaping record profits on the back of soaring oil and gas prices helped global dividends paid to shareholders rise above pre-pandemic levels and hit a quarterly record, data showed Wednesday. Oil and gas companies, including state-controlled giants in Latin America, accounted for more than two-fifths of dividend payout growth in […]

Business section

Stocks fall widely on Wall Street, extending market losses | Business section

(AP) — Another stock market selloff on Monday deepened Wall Street’s losses from last week, leaving the S&P 500 with its biggest drop since mid-June. The benchmark fell 2.1%, nearly doubling its losses from last week, when it snapped a four-week winning streak. The Dow Jones Industrial Average fell 1.9% and the Nasdaq 2.5%. Tech […]

Business section

Saudi Aramco’s profits soar on higher prices and refining margins | Business Section

DUBAI (Reuters) — State-owned oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by rising oil prices and refining margins. Aramco joins oil majors such as Exxon Mobil Corp and BP which reported strong or record results in recent weeks after Western sanctions against the […]

Business section

Cryptoverse: Blockchain bridges fall into troubled waters | Business Section

(Reuters) — Another day, another hack and another burned blockchain bridge. When thieves stole around $190 million from US crypto firm Nomad last week, it was the seventh hack of 2022 targeting an increasingly important cog in the crypto machine: the chain’s “bridges”. Blockchain – strings of code that help move crypto coins between different […]

Business section

Exxon and Chevron after profit explosion, oil majors bet on takeovers | Business section

(Reuters) — The two biggest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenues on Friday, buoyed by soaring crude oil and natural gas prices and after similar results for European majors a day earlier. The American pair, along with British-based Shell and French-based TotalEnergies, combined to earn nearly $51 billion in […]

Business section

Investors measure the rebound in US equities | Business section

NEW YORK (Reuters) — As investors await another giant rate hike from the Federal Reserve, they are taking the temperature of a week-long U.S. stock market rally that followed a brutal first-half selloff. Even after Tuesday’s sharp fall, the S&P 500 remained up 7% from its June 16 low, buoyed in part by expectations that […]

Business section

Analysis: Russian gas flow too low to fill European storage | Business section

LONDON (Reuters) — Cuts in supplies from Russia through its main gas pipeline to Germany will prevent countries from meeting their storage-filling targets and Europe’s biggest economy will have to ration industry to keep its citizens warm through the cold months. ‘winter. European politicians have repeatedly said that Russia could cut off gas flows this […]

Business section

Creating Women-Owned Small Businesses in NMI | Business Section

(NMC) — As part of its efforts to build the entrepreneurial capacity of Commonwealth women, the CNMI Small Business Development Center and the CNMI Women’s Association recently partnered to deliver a five-week training course to 20 female entrepreneurs. The women were able to learn about the programs and services of the CNMI SBDC network. In […]

Business section

CNMI SBDC Offers HUBZone Certification Training | Business section

(NMC) — More CNMI small business owners are now educated about securing federal contracts through a HUBZone certification training course delivered by the CNMI Small Business Development Center at Northern Marianas College. HUBZone is a program administered by the U.S. Small Business Association that helps small businesses in historically underutilized commercial zones secure federal contracts. […]

Business section

Kina Peter Joins Triple J’s Management Team | Business section

(Press release) – Triple J is proud to announce the recent hiring of Kina B. Peter, CPA as Corporate Controller of Triple J Saipan. As Corporate Controller, Peter will play a key role on Triple J’s management team and will oversee the accounting and financial reporting functions, help establish and implement financial control policies and […]

Business section

Oil prices jump as dollar weak and supplies tight | Business section

SINGAPORE (Reuters) — Oil prices extended their gains on Monday, supported by a weaker dollar and tight supplies that offset worries about the recession and the prospect of widespread Covid-19 lockdowns in China, again reducing demand for fuel. Brent futures for September settlement rose $2.54, or 2.5%, to $103.70 a barrel at 0648 GMT, after […]

Business section

Small business survey launched | Business section

THE CNMI Small Business Development Center Network, in conjunction with the Saipan Chamber of Commerce and the Governor’s Council of Economic Advisers, launched the Marianas Business Pride 2022 CNMI Small Business Survey on Tuesday, June 28. The data collected from this anonymous survey will be used to improve resources and support for the small business […]

Business section

United Airlines relaunches Nagoya-Guam and Fukuoka-Guam routes | Business section

(Special advertising feature) – United Airlines announced Wednesday that nonstop Nagoya-Guam and Fukuoka-Guam services will be relaunched in August, further expanding the airline’s nonstop service and capacity between Japan and Guam. United will reopen its Nagoya-Guam service on August 1 and offer two morning departures each week on Mondays and Fridays. Starting August 4, the […]

Business section

Crypto Volatility Drops More Stablecoins | Business section

(Reuters) — Major cryptocurrency volatility has hit stablecoins, generally seen as the market’s safe havens, with investors pulling money out of the sector and many losing peg to their underlying assets. The market capitalization of stablecoins had fallen to $156.8 billion on Thursday, from around $181 billion in early May, according to data from CoinGecko. […]

Business section

Apple dives deeper into automotive with car dashboard software | Business section

CUPERTINO, Calif. (Reuters) – Apple Inc said on Monday it would integrate its software deeper into basic car driving systems, while the iPhone maker rolled out a slew of features for payments and business collaboration and a pair of new laptops. . Announcements from Apple’s annual developer conference showed that a company that was once […]

Business section

US stock market rebound faces key inflation test | Business Section

NEW YORK (Reuters) — A rally that has pulled U.S. stocks off the edge of a bear market faces a significant test this week, when consumer price data provides insight into what more the Federal Reserve will need to do in its battle against the worst inflation in decades. Despite a turbulent week, the S&P […]

Business section

Javier Olivan is the next COO of Meta | Business section

(Reuters) — Meta Platforms veteran Javier Olivan takes over as the company’s chief operating officer after playing a crucial but largely hidden role in the social media company’s explosive growth for 15 years. The Spaniard will replace Sheryl Sandberg, who announced on Wednesday that she was leaving Meta. The move comes as Meta struggles with […]

Business section

Bitcoin Attracts Inflation-Weary Argentinians Despite Crypto Crash | Business section

BUENOS AIRES (Reuters) — At the Crypstation cafe in downtown Buenos Aires, hip young Argentinians order their lattes and pastries surrounded by screens with real-time cryptocurrency price quotes and a huge neon Bitcoin logo. The invoice can also be paid in digital currency. Savers in the South American nation are increasingly drawn to cryptocurrency to […]

Business section

Asiana Airlines celebrates 30 years in Saipan | Business section

ASIANA Airlines celebrated the 30th anniversary of its flight service between Saipan and Incheon on Saturday and pledged to continue “a flourishing partnership” with CNMI. Asiana Airlines Regional Sales Office General Manager Intak Hwang was joined by Marianas Visitors Authority Vice President Gloria Cavanagh, General Manager Priscilla M Iakopo; Chairman of the Commonwealth Ports Authority […]

Business section

Wall Street tumbles as growth stocks and lackluster China data weigh | Business Section

(Reuters) — Major Wall Street indexes fell on Monday as negative data out of China added to concerns about a global economic slowdown amid aggressive policy tightening by the U.S. Federal Reserve. Chinese and European stock markets fell, while oil fell, with data showing Chinese economic activity cooled sharply in April as Covid-19 lockdowns weighed […]

Business section

Financial giants tiptoe into TikTok | Business Section

NEW YORK (Reuters) — While money-focused TikTok accounts are gaining huge followings, financial-heavy companies are getting stuck into youth-focused social media platforms for a slice of the action. Indie “FinTok” influencers like Mark Tilbury (@marktilbury, 7m), Humphrey Yang (@humphreytalks, 3.3m), Tori Dunlap (@herfirst100k, 2.1m) and Erika Kullberg (@erikakullberg, 8.4 million) have an audience of that […]

Business section

Signs of market bottoms elude investors after massive sell-off | Business Section

NEW YORK (Reuters) — Investors are looking at a range of indicators for how far a sharp drop in US stocks could go, with some signs suggesting the stock slide may not be over. The S&P 500 extended its decline to nearly 20% from January’s record high on Thursday before a weekend rebound, nearing the […]

Business section

California presents a plan to drastically reduce the use of fossil fuels | Business section

SACRAMENTO, Calif. (AP) – New homes built in California starting in 2026 must be powered by all-electric ovens, stoves and other appliances if California is to meet its ambitious climate change goals over the next two decades, according to a plan the state’s pollution reduction plan released Tuesday. The California Air Resources Board’s roadmap puts […]

Business section

Bank of Guam Employee Earns Anti-Financial Crime Designation | Business section

HAGÅTÑA (BoG) — Bank of Guam is proud to announce that Kazzandra Ruaro, Bank Secrecy Act and Anti-Money Laundering Support Manager, has achieved the Certified Anti-Money Laundering Specialist certification. This credential is the gold standard of anti-money laundering certifications and recognized internationally by financial institutions, governments and regulators as a vested commitment to protecting the […]

Business section

UOG Announces Winning Teams for Startup Weekend Micronesia | Business Section

MANGILAO (UOG) – Seven sustainability-focused business ideas from teams representing CNMI, Guam, Palau, Pohnpei and Yap emerged from the Startup Weekend Micronesia “Solve 2Day, Evolve 2Morrow” event held online April 27-29. The event was hosted by the University of Guam Entrepreneur Society Student Organization, UOG Center for Entrepreneurship and Innovation, and Pacific Islands Small Business […]

Business section

Bond investors opt for safety and prepare for an ultra-hawkish Fed | Business Section

NEW YORK (Reuters) — The Federal Reserve’s well-telegraphed plan to raise interest rates by half a percentage point on Wednesday and start shrinking its balance sheet has failed to quell inflation and growth concerns. , prompting bond investors to seek safety by adjusting the duration of their portfolios. Security trades can mean short or long […]

Business section

Guam college works to fill automotive technician shortage | Business Section

HAGÅTÑA (The Guam Daily Post) — There is a shortage of automotive technicians on the island and Guam Community College is working to fill the void as it educates students despite the challenges of the Covid-19 pandemic. “Right now, there is a need. I was just talking to a service manager at an advisory board […]

Business section

Twitter set to accept Musk’s $43 billion offer: sources | Business section

NEW YORK (Reuters) — Twitter Inc is set to accept a sale to Elon Musk for around $43 billion in cash, the price the Tesla CEO has called his “best and final” offer for the social media company, people have said. close to the file. Twitter could announce the $54.20-per-share deal later Monday after its […]

Business section

Marpac and Raymond James support the Red Cross gala | Business Section

Marpac generously donated beverages, silent auction prizes and financial support for the upcoming Red Cross fundraising gala. “The continued support of Marpac and the Shimizu family has enabled the Red Cross to fulfill its humanitarian mission here in the Commonwealth and throughout Micronesia,” said JD Tenorio, disaster program manager. “From providing emergency drinking water during […]

Business section

Mariana Lighthouse is a beacon of hope for NMI tourism | Business Section

ONE MONTH after celebrating her first birthday, Mariana Lighthouse wants to continue giving back to the community in recognition of the sponsorship and support of local residents. Besides high quality Arabica coffee, Mariana Lighthouse serves the best brunch menu of Western and Japanese dishes. While enjoying panoramic views of Saipan’s lagoon and the island’s west […]

Business section

CEDA appoints first Director of Economic Development | Business Section

(CEDA) — The board of the Commonwealth Economic Development Authority has announced the hiring of the agency’s first Economic Development Manager or EDM. Dave Guerrero will join CEDA from First Hawaiian Bank in Saipan, where he serves as the bank’s assistant vice president – responsible for commercial banking. The role of EDM is a specialized […]

Business section

GCEA focuses on economic development, “destination transformation” | Business section

GOVERNOR Ralph DLG Torres and the Governor’s Council of Economic Advisers, or GCEA, presented their annual report to the Saipan Chamber of Commerce last week. The Governor stressed the importance of transforming the Commonwealth into a world-class destination, praising government, private sector and community partners for coming together through public-private partnership during the pandemic. “The […]

Business section

9-Eleven Resto Bar opens a Garapan branch | Business section

9-ELEVEN Resto Bar, which serves a variety of food and drink, has opened a new branch on Beach Road in Garapan, near former Tony Roma’s/Capricciosa restaurants. Bar manager Edwin Maratas said one of their bands, Groove Theory, will perform nightly at Garapan while another band, Kwerdas, will provide nightly entertainment at 9-Eleven Resto Bar in […]

Business section

The Covid weighs less and less on the American labor market | Business section

(Reuters) — The grip of the coronavirus pandemic on the US labor market loosened significantly in March, two years after the declaration of a state of emergency, as the number of people confined to their homes by Covid-19 concerns 19 hit a new low and fewer people reported having to work remotely. In total, the […]

Business section

Investors sheltered from a double decline in US stocks and bonds | Business section

NEW YORK (Reuters) — Parallel declines in U.S. equity and fixed-income markets push investors into cash, commodities and dividend-paying stocks, as geopolitical uncertainty and concerns over a hawkish Federal Reserve drive prices higher actives. With the end of the first quarter of 2022, the S&P 500 is down about 5% year-to-date, having fallen 12.5% ​​earlier […]

Business section

‘Launching Financial Grownups’ shows how to raise money-smart kids | Business section

NEW YORK (Reuters) — When it comes to imparting financial intelligence to children, many parents know where to start. At first, they introduce children to the concept, giving them small amounts of money like allowances or tooth fairy gifts to manage. The end goal is a fully financially responsible adult — earning money, managing a […]

Business section

DOL-WIA conducts business engagement on Rota and Tinian | Business section

(Governor’s Office) — The Workforce Investment Agency of the Department of Labor CNMI held business engagement briefings on March 2 in Tinian and March 8 in Rota. Members of the business community, both public and private sectors, received information about the Innovation Act services and workforce opportunities and state expansion programs CNMI apprenticeship to meet […]

Business section

The saver’s dilemma: where to put your money now? | Business section

NEW YORK (Reuters) — Cash savers are currently between a rock and a hard place. Interest rates on typical places to store money, such as savings accounts, are near all-time lows. Meanwhile, inflation rates are the highest in decades – consumer prices in the United States jumped in February to an annual growth rate of […]

Business section

Stocks ease as fighting in Ukraine rages and oil climbs | Business section

MILAN (Reuters) — Stock markets around the world plunged on Monday as fighting in Ukraine raged with no sign of a ceasefire even as negotiations continued, while Brent crude prices soared above $110 a barrel as supplies remained tight. Turkey’s foreign minister said on Sunday that Russia and Ukraine were close to agreeing on “critical” […]

Business section

Investors jump into commodities while keeping an eye on recession risk | Business section

NEW YORK (Reuters) — Investors are rushing to recalibrate their portfolios for a potentially prolonged period of high commodity prices, as Russia’s invasion of Ukraine triggers dramatic moves in commodities that threaten to exacerbate inflation and impair growth. Wild moves have been the norm in commodities in recent weeks as the war in Ukraine and […]

Business section

PIC reopens | Business Section

The PACIFIC Islands Club Saipan, a beachfront resort just minutes from Francisco C. Ada/Saipan International Airport, has resumed operations. This tropical getaway, with beach activities, a water park, and a variety of dining options, is a popular destination for travelers and residents alike. Amid the still raging Covid-19 pandemic, as the Commonwealth tackled the virus […]

Business section

Want to attend Warren Buffett’s “Woodstock for Capitalists”? Get vaccinated | Business section

(Reuters) — Warren Buffett is bringing back the annual extravaganza for shareholders of his Berkshire Hathaway Inc this year, which he calls “Woodstock for Capitalists.” But the 91-year-old billionaire has a warning message: if you want to attend, get vaccinated against Covid-19. Proof of vaccination will be required to attend Berkshire’s annual meeting at an […]

Business section

Wall Street slips as Ukraine declares emergency | Business Section

(Reuters) — US stocks fell on Wednesday as Ukraine declared a state of emergency, while reports of cyberattacks on several of its state websites fueled fears of escalating tensions with Russia . After opening higher, eight of the 11 major S&P 500 sectors fell, while a 2.3% drop in Tesla dragged the Nasdaq lower. Twenty […]

Business section

Ukraine war fears shake stocks and send oil soaring | Business section

LONDON (Reuters) — Global stock markets recouped their losses on Tuesday as investors remained hopeful that the deployment of Russian troops to two breakaway regions in eastern Ukraine will go as far as Moscow. The specter of war on Europe’s eastern flank flared Monday, sending oil prices to their highest level in seven years, after […]

Business section

A new affordable salon opens in Garapan | Business Section

MOMMYLA Spa & Salon, which offers affordable beauty and hair care services, held a “soft opening” in Garapan on Saturday. Located behind Lollipops Store, the new salon offers a spa, quality hair care, makeup and many other beauty services in a very relaxing atmosphere in an elegant building facing the lagoon of Saipan. Father Chaui […]

Business section

Wendielyn Escota of the Marianas Eye Institute is promoted to Executive Director | Business Section

(MEI) – Marianas Eye Institute, a regional leader for exceptional eye care, recently promoted one of its own to become the new CEO. Wendielyn Escota started working at MEI in 2011 as an eye care technician and has proven to be a leader and mentor to the talented MEI team. Wendie comes from a solid […]

Business section

Adios Fiesta Resort, hello Crowne Plaza | Business section

The Fiesta Resort & Spa logo has been removed from its main building and will soon be replaced by the hotel’s new name, Crowne Plaza Resort Saipan, which will open next year. Located in Garapan, the hotel was originally known as Dai-Ichi and was renamed Fiesta Resort & Spa in 2005 by its new owner, […]

Business section

The inauguration of the G3 Makerspace is postponed | Business section

HAGÅTÑA (UOG) – The grand opening of Guam Green Growth or G3 Circular Economy Makerspace and Innovation Hub scheduled for Thursday, January 13 has been postponed until further notice due to the increase in Covid-19 cases on the island. However, small group tours of the facility are still possible by emailing Myracle Mogul at [email protected] […]

Business section

IT&E moves its store to a larger and more convenient location in Oleai | Business Section

The IT&E store moves to a larger, more convenient location in Oleai. The Oleai store will open its doors on Tuesday, February 22, 2022. All residential and commercial services will be available at the new site, while the marketing department will move to IT&E’s headquarters in Susupe. IT&E operations will cease at the Chalan Laulau […]

Business section

After bitcoin ‘winter’, investors are chasing risk in virtual worlds | Business section

(Reuters) — As bitcoin drifts towards mainstream maturity in 2022, bold crypto investors are eyeing new sources of explosive action: the “altcoins” powering games and online worlds. But, be warned, the foothills of the Unformed Metaverse are no place for the faint-hearted. Bitcoin, which like the rest of the market had largely sunk since late […]

Business section

Advisory Group Looks to Rt. 739 Commercial Section Upgrade

This is an August 2019 view of part of the Lords Valley business in the southbound Highway 739 Corridor, Blooming Grove Township, Pike County, PA / Google Street View image BLOOMING GROVE TWP. –An advisory committee has been proposed to make improvements to “Downtown Lords Valley,” the growing commercial area along Route 739 concentrated primarily […]

Business section

Investors take refuge in US regional banks as Fed hikes loom | Business section

NEW YORK (Reuters) — Expectations of higher interest rates bolster regional bank stocks as falling tech stocks push investors to seek assets that could thrive amid higher yields and tighter Federal Reserve policy . The SPDR S&P Regional Banking ETF was up 2% year-to-date on Friday afternoon, compared to a 6.6% drop for the S&P […]

Business section

Inauguration of the G3 Makerspace postponed | Business section

HAGÅTÑA (UOG) – The grand opening of Guam Green Growth or G3 Circular Economy Makerspace and Innovation Hub scheduled for Thursday, January 13 has been postponed until further notice due to the increase in Covid-19 cases on the island. However, small group tours of the facility are still possible by emailing Myracle Mogul at [email protected] […]

Business section

A new era of dining for McDonald’s customers | Business Section

CUSTOMERS at McDonald’s restaurant entered a new era of dining experience on Friday. McDonald’s has reopened its Middle Road branch with a more modern interior design fitted with touchscreen QSRs or self-service fast food kiosks, new tables and stools, soft colors and a more pleasing lighting system to create a more relaxed atmosphere. Natalie Mable […]

Business section

The Daily Herald launches new Suburban Business section

To our readers, Welcome to the new Suburban Business, the voice of local business. We are incorporating the best of the Business Ledger into the Daily Herald to extend our coverage to local businesses as well as local business readers. Suburban Business is designed for a climate less connected to physical offices that may no […]

Business section

Denise Montenegro is Hyatt’s new Chief Human Resources Officer | Business section

DENISE Montenegro, also known as Seet Fah Wong, will be the new Director of Human Resources at Hyatt Regency Saipan. Her promotion takes effect on January 6, 2022 and she will succeed Joséphine Mesta who announced her retirement last week after 28 years of service at the hotel. Montenegro, who is Malaysian, graduated in 1992 […]

Business section

2 Hyatt managers retire | Business Section

TWO of Hyatt Regency Saipan’s top managers have reached retirement age and are now ready to move on to the next chapter of their lives. Director of Human Resources Josephine Mesta and Director of Rooms Rosalyn Quintanilla announced their retirements last week. In separate interviews, they shared how they felt about working with the company […]

Business section

Bank of Hawaii announces management succession | Business Section

HONOLULU (BoH) — Bank of Hawaii announces the following leadership succession plans for its commercial banking division. After a 45-year career at Bank of Hawaii, Vice President and Chief Commercial Officer Wayne Y. Hamano will retire on January 13, 2022. Hamano first joined the bank as a commercial credit analyst and later directed various activities […]

Business section

Bank of Guam Announces Retirement of Senior Executives | Business Section

HAGÅTÑA (BoG) — The Board of Directors and Management of Bank of Guam announced that Francisco M. Atalig, Joseph P. Bradley and Ernest P. Villaverde will retire from Bank of Guam effective December 31, 2021. Atalig is also retiring from BankGuam Holding Company with the same effective date. . Francisco “Frank” Atalig, Executive Vice President/CFO, […]

Business section

Apple nears $3 trillion market value | Business Section

(Reuters) — Apple Inc’s market value surpassed the $3 trillion mark on Monday, after a stunning run over the past decade that made it the most valuable company in the world. Shares of the company fell just over 2% on Monday to close at $175.74, reversing earlier gains that had seen them approach the $182.86 […]

Business section

Governor Responds to Business Community Concerns | Business Section

GOVERNOR Ralph DLG Torres spoke to the business community on Wednesday during the Saipan Chamber of Commerce General Membership Meeting at the Hyatt Resort Saipan. Ralph DLG Torres In his address, the Governor responded to concerns raised by the business community. “Community collaboration is key to the success of our Commonwealth, and I take your […]

Business section

Investors bet Powell’s Fed will get more aggressive on inflation | Business Section

NEW YORK (Reuters) — Investors are betting that newly reappointed Federal Reserve Chairman Jerome Powell will have to pick up the pace at which the central bank normalizes monetary policy to better combat soaring consumer prices. For months, Powell has insisted that the current surge in inflation is likely to be transitory and said the […]

Business section

Triple J Saipan announces new signings | Business section

TRIPLE J Saipan Inc. is proud to announce the recent hires of Fred Camacho as Business Development Manager and Keith Ahn as Saipan Surfrider Hotel Manager. As Head of Business Development for the Group, Camacho will assist in the overall coordination of Triple J’s development projects on Saipan and Tinian, building and maintaining relationships as […]

Business section

Triple J Saipan announces new recruits | Business section

TRIPLE J Saipan Inc. is proud to announce the recent hires of Fred Camacho as Business Development Manager and Keith Ahn as Saipan Surfrider Hotel Manager. As Head of Business Development for the Group, Camacho will assist in the overall coordination of Triple J’s development projects on Saipan and Tinian, building and maintaining relationships as […]

Business section

First Hawaiian Bank promotes Edward Untalan | Business Section

FIRST Hawaiian Bank President and CEO Bob Harrison announced the promotion of Edward Untalan to Executive Vice President and Regional Head of Retail Banking for the Guam and CNMI region. Untalan has over 34 years of experience in the banking and finance industry and is the first ever Executive Vice President for Guam Region and […]

Business section

How To Write A Business Plan | Business section

THE CNMI Small Business Development Center invites you to register for a free virtual training on “How to write a Business Plan” scheduled for Friday, November 12, 2021 from 2:00 p.m. to 4:00 p.m. In this training, participants will learn the three “M’s” of a business plan: money, management and marketing. Attendees will also receive […]

Business section

Saipan-born hotelier now general manager of Hyatt Andaz, San Diego | Business section

(Press release) – Born in Saipan, raised in Saipan. “If serving is below you, leadership is beyond you,” says Claudia C. Adriano, general manager of Andaz, San Diego. Claudia C. Adriano was born and raised in Saipan and is the daughter of Margaret F. Camacho-Castro of Saipan and the late Antonio G. Adriano of Tinian. […]

Business section

VW shows confidence in electric future with higher margin target | Business Section

WOLFSBURG, Germany (Reuters) — Volkswagen raised its long-term profitability target on Tuesday, a sign of the German automaker’s growing confidence in managing the shift to electric and self-driving vehicles. Outlining its strategy through to 2030, Europe’s biggest automaker also said it expected half of its global vehicle sales to be battery-powered by that date – […]

Business section

Biden signs order to address corporate abuse in US economy | Business section

WASHINGTON (Reuters) — President Joe Biden on Friday signed a sweeping executive order to promote more competition in the U.S. economy, urging agencies to crack down on anticompetitive practices in sectors ranging from agriculture to drugs and labor. If fully implemented, this effort will help reduce Internet costs for Americans, allow reimbursement of airline baggage […]

Business section

WhatsApp is working on a new update to bring a shopping section to Android / Digital Information World

In the next version, WhatsApp is going to add a new feature for Android users which allows them to easily interact with businesses on WhatsApp. WhatsApp is known for its consistency in updating features. WhatsApp upgrades usually include core additions like imminent flash calling capability, disappearing messages and a new archive mode, and more. Updates […]