AGP Executive Report
Last update: 10 hours agoBusiness Investment: CNMI Investment LLC says restrictions in a tax incentive agreement signed by Gov. David Apatang could undermine its proposed pharmaceutical and supplement plant on Saipan. The company had sought a 25-year tax incentive and a $30 million investment fund. Utility Services: CUC is weighing two providers to restore online and phone bill payments, offline since Nov. 2. It hopes to bring them back within two weeks and says customer data is safe. Power Costs: Eastern Power Solutions says its signed CUC agreement will bring about $250 million in investment and nearly 150 jobs across the islands. Local bidder AP Energy counters that its unopened bid offered power at 14.9 cents per kilowatt-hour, below EPS’s 18.5-cent rate; the dispute is in court. Public Finances: PSS says recent funding offers temporary relief but warns of a cash shortfall by April, with school consolidations and furloughs among options under review. Local Businesses: PIC Saipan’s weekend market is giving local artists and small businesses a place to sell their work.
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