Today’s economy is one of globalization, where markets are interconnected and supply chains cross borders. The outbreak of the novel coronavirus (2019-nCoV) in China, an economic superpower, could very well threaten global growth. The seriousness of the threat of the virus to communities should not be downplayed, and neither should its impact on the global economy. According to the International Civil Aviation Organization, airlines worldwide could lose up to $5 billion from

Sen. Joe S. San Agustin, chairman of the Legislative Committee on Appropriations and chairman of the Special Economic Service, has announced the creation of a bipartisan Advisory Commission on Government Reorganization and Revitalization that aims to right-size government & grow the economy with the private sector at the table. The commission will also include members from the private sector and a cross-section of our community. “We have to prepare for the worst if tourism n

(Kaselehlie Press) With the novel coronavirus (now officially known as COVID-19) rapidly spreading in many places in the world, Federated States of Micronesia President David Panuelo instituted a strict policy outright banning travel to the FSM from anywhere in mainland China. He also established travel restrictions for travelers to the FSM requiring them to have spent 14 days in a country or territory that had not had any confirmed cases of the virus. For FSM travelers, that

While Gov. Lourdes Leon Guerrero has touted Guam to be in great shape, Republican Sen. James Moylan is far from impressed, saying the governor's optimism does not reflect current realities. Moylan challenged the governor to cut business privilege tax if the government cash stream is indeed as stable as she claimed in her state of the island address to the 35th Guam Legislature Monday. "The governor stated that she cut taxes for small businesses, but many small entities have

Gov. Lourdes Leon Guerrero on Monday endorsed a sweeping health care plan that would provide every Guam resident a means for coverage through a “public self-insurance” program. In her state of the island address to the 35th Guam Legislature, Leon Guerrero said providing affordable health care on Guam will complement her plan to build a new medical facility that will back up the Guam Memorial Hospital. “This will become the primary focus of my policy team in the coming year, a

Guam “is stronger than it was just a one year ago,” government finances are better managed and local tourism remains in the black amid the global coronavirus scare, Gov. Lourdes Leon Guerrero said in her state of the island address to the 35th Guam Legislature on Monday. “But to fully restore faith in our island’s future, Guam must become even stronger,” the governor said. Dismissing criticisms from what she called “a small chorus of cynics” and claiming she has fulfilled her