AGP Executive Report
Last update: 8 hours agoAir Connectivity & Tourism: Saipan welcomed its first international flight in over two months since Super Typhoon Sinlaku, with Jeju Air resuming Seoul-Incheon service (4 flights weekly through Oct. 25, daily during peak periods), while United also plans to restart Tokyo-Saipan service Aug. 2 and Hong Kong Airlines July 12—CNMI tourism leaders say keeping seats coming is the key to recovery. Airport Finance (Guam): Guam’s Antonio B. Won Pat International Airport revenues rose $11 million in FY2025 on a clean audit, but officials flagged near-term revenue pressure and compliance issues, prompting board requests for tighter airline schedule projections and a retail concession extension with Lotte Duty Free. Utilities & Recovery (Saipan): CUC says Saipan is moving off FEMA generators as water wells and a sewage lift station connect to the grid, while a separate CUC update outlines power restoration timing for June 20–23; meanwhile CUC reported a $731,518 year-to-date cash flow deficit (through April 30, 2026). Visa Policy (CNMI): CNMI leaders and industry groups are pushing back on renewed U.S. scrutiny of EVS-TAP for Chinese travelers, arguing stronger federal screening must be paired with economic reality to avoid another tourism downturn. Fuel Costs (Saipan): Diesel prices fell another 40 cents to $6.68/gal on Saipan, with local businesses hoping CUC adjusts its fuel charge as prices keep dropping. Federal Disaster Deadline: June 22 is the last day to apply for FEMA disaster assistance after Sinlaku, with SBA disaster loans also available. Maritime Economy (Pacific fishing): Trump’s proclamation reopening parts of protected Pacific monument waters to commercial fishing drew measured responses from Guam officials and the Western Pacific Regional Fishery Management Council, which says management returns to the regional process. Local Business & Legal: Commonwealth Investment Company sued to evict Duty Free Shoppers from Garapan lots, alleging the retailer stayed after a 40-year lease expired and owes $500,000+ in holdover damages.
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