UOG launches five-year plan
MANGILAO, Guam — The University of Guam launched its five-year Para Hulo’ Strategic Plan, which will guide the university in preparation for its next accreditation site visit in 2024 by the Western Association of Schools and Colleges Senior College and University Commission, according to a Feb. 28 release.

The plan’s goals include enriching student experiences, being recognized as a research university and building and sustaining its infrastructure, and can be found on www.uog.edu/parahulo.

 

TakeCare receives grant for various screenings
TAMUNING, Guam — TakeCare Insurance Co. received a grant from the American Cancer Society West Region’s Cancer Control Collaborative Project to improve early detection and increase screening rates for breast, colorectal and lung cancer to TakeCare members, according to a March 3 release.

 

BankGuam announces dividends
HAGÅTÑA, Guam — BankGuam Holdings Co.’s board of directors declared a quarterly cash dividend of 10¢ per share for the holders of its common stock and a dividend payment to the holders of its 5.5% fixed rate/floating rate, according to a Feb. 28 release. The dividends will be paid on March 31 to shareholders of record as of March 31. mbj


Coronavirus updates within the region
WASHINGTON, D.C. and HAGÅTÑA, Guam — As the number of coronavirus cases grows worldwide, multiple agencies are continuing ongoing efforts.

The Leon Guerrero-Tenorio administration developed the Temporary Economic Assistance and Mitigation Guam Plan to provide economic relief for a three-month period, according to a March 9 release.

The five-point plan aims to assist local residents and businesses by the following:

  • Postpone payment of 40% of business privilege tax due on April 20, May 20 and June 20 to July 20, August 20 and September 20, respectively.
  • Cover 100% of credit card fees charged to credit and bank cards when used for government taxes and non-tax payments, from April 1 to June 30.
  • Offer small business loans through the Guam Economic Development Authority.
  • Rebate a percentage of airline landing and apron fees to lower air carrier costs.
  • Request that utility companies consider payment plan options for residential customers.

The Guam Chamber of Commerce issued a statement regarding the plan on March 10, which stated the plan does not truly offer relief to businesses and does not address the core problem of many businesses, which is sustaining adequate working hours for employees. The chamber also said it would “like to see a true and robust relief plan.”

Additionally, the Guam Department of Public Health and Social Services will be able to locally test for COVID-19 after validating test kits from the Centers for Disease Control and Prevention, according to a March 10 release.

The Guam Regional Medical City had two people under investigation and in isolation, according to a March 11 release.

President Donald J. Trump signed the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, into law on March 6.

The bill provides $8.3 billion in funding for coronavirus response efforts such as vaccine development; $7 billion would provide disaster loans for small businesses impacted by financial loss as a result of the outbreak. A total of $900 million would be available to support local governments in surveillance, testing, tracing, infection control and other public health preparedness and response activities.

Bank of Hawaii is offering financial assistance programs to its existing loan clients in Guam, Saipan and Palau, according to a March 10 release. The programs are for loan forbearance and loan extension. 

United Airlines is reducing its flights from Guam to Japan, Palau, the Federated States of Micronesia and Saipan from the end of March until the end of April due to decline in demand, according to a March 9 release.

In other aviation news, Jeju Air reduced flights to the Northern Mariana Islands, with flights on the Busan-Saipan route reduced from seven to four weekly flights and the Seoul-Saipan route reduced from 14 to five weekly flights.

In the Marshall Islands, the Ministry of Health and Human Services issued a travel advisory on March 7. Incoming flights to the Marshall Islands are suspended until March 22, as well as aircraft and vessels originating from China, Hong Kong, Macau, South Korea, Italy, Japan, Iran, Germany and Spain until further notice.

Palau’s first suspected case of COVID-19 was cleared as of March 7 by its Ministry of Health after test results from Taiwan returned negative.

Rear Admiral John V. Menoni, commander of Joint Region Marianas said military personnel arriving to Guam from locations where COVID-19 is present are screened prior to deployment and monitored upon arrival, according to a Feb. 25 response letter to Sen. Tina Muna Barnes, speaker of the 35th Guam legislature.


ASC Trust LLC and Raymond James Guam hosted an investment conference on March 5 at the Hyatt Regency Guam for about 125 participants. At the event were (from left) Jason B. Miyashita, managing director, senior vice president and senior institutional consultant, Raymond James Guam; Andrew Waldbaum, senior vice president and branch manager, Raymond James Beverly Hills; Chris Anast, senior retirement strategist, Capital Group/American Funds Chicago; Trent Newcomb, director of operations, North American KTRADE Alliance Indiana; Reid Luna, relationship manager, Capital Group/American Funds Los Angeles; and David J. John, president, ASC Trust.
Photo courtesy of Raymond James Guam

 

Photo by Justin Green

Warehouse with issues
Brand Inc.’s former warehouse sits exposed in Harmon Loop in Dededo after vegetation was cleared around it. The clearing was done to provide temporary parking for the Feb. 23 Franklin Graham Guahan Festival of Hope at the nearby Guam Football Association National Training Center. – This photo first appeared on mbjguam.com on March 2 in the Breaking Business News Update.

 

(From left) Chloe Kernaghan, owner, Sky Ting; Jessica Ignacio-Mesa, senior project manager, Saatchi & Saatchi; Marieta Limuaco, senior product analyst, Nike; and Eveline Campus, chief mom, Blue Ocean Medical Group.
Photo by Morgan Legel

Guam Women’s Chamber of Commerce hosts leadership summit
TUMON, Guam — On March 5, the Guam Women’s Chamber of Commerce held the 2020 Fanachu Famalao’an Women Rising Leadership Summit at the Dusit Thani Guam Resort. The conference had four keynote speakers — Chloe Kernaghan, owner of Sky Ting; Jessica Ignacio-Mesa, senior project manager for Saatchi & Saatchi; Marieta Limuaco, senior product analyst for Nike; and Eveline Campus, chief mom of Blue Ocean Medical Group.

The theme for the event was “Coming Home,” and the four women talked about their time in Guam, as well as their time off island.

“Coming home wasn’t just about changing our lives, but we were in a position to change other people’s lives as well,” said Campus during the summit.

The event also had booths and tables set up, from jewelry and clothes to painting a magnet of Guam, to “help you get a leg up in your career or business, or just to inspire you to be your best self in your life,” according to the GWCC.