AGP Executive Report
Last update: 6 hours agoSeabed Mining: U.S. companies are seeking exploration licenses for international waters across the Pacific, including areas near Guam. The U.S. process bypasses the U.N.-linked regulator, drawing criticism from governments and environmental groups. Tourism: South Korean passenger traffic to Guam fell 43.6% year over year in October to 40,453, as travelers shifted toward Japan and China and concerns mounted over island infrastructure. Retail Investment: 76/Circle K broke ground on its first new-build Guam station, in Yigo. The site is expected to create 15 to 20 jobs and add fuel and supply capacity. Household Costs: Proposed mandatory trash rules would fine nonparticipants $50 monthly; a consultant recommends cutting the current $38 monthly rate to $20 once islandwide collection begins. Business Support: Guam businesses received $17.4 million in tax credits through the apprenticeship program, according to a recent report.
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