Tourism update, inter-island airline update, and more
Fragile Guam tourism market sees repeat downturn The requirement for incoming travelers to quarantine for 10 days due to the omicron variant is affecting Guam’s...
Read MoreTag: Bank of Guam
Bank loses government business over federal payments row
By BERNADETTE H. CARREON Palau Correspondent KOROR, Palau — The Government of Palau pulled out at least $30 million from the Bank of Guam on March 8, following the actions the bank took to freeze the accounts of Palauans...
Read MoreFiscal forgetfulness can lead to a bonus for the government
BY MORGAN LEGEL Journal Staff As each year comes closer to a close, an annual list of inactive bank accounts holders on island is published in daily newspapers. Every November and December, those papers publish the names and...
Read MoreBank to close branch, Guam’s tourism and commerce and Palau gets grant
Bank to close branch Bank of Guam will officially close its Harmon Branch on Jan. 29, 2021 and transfer customer accounts to its Upper Tumon Branch, according to a letter mailed to clients. The bank’s ATM is presently...
Read MoreIsland residents are taking on utility debt; bankers say the opposite
BY MORGAN LEGEL Journal Staff With as many as 38,000 out of work and waiting on a stimulus check to help with everyday finances, the amount of consumer debt deferment on the island is rising, even as the coronavirus outbreak...
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