Port Authority begins demolition of derelict cranes and barges
The Port Authority of Guam began the demolition and removal of five inoperable cranes and two barges on Wednesday.
Source: guampdn.com
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Bank wants to sell PacStar hotel, Island Equipment, citing bad loan
Bank wants to sell PacStar hotel, Island Equipment, citing bad loan By Steve Limtiaco The Bank of Guam plans to sell the Pacific Star Hotel and Island Equipment Company this week, after business owner Guam Industrial Services defaulted on a $32 million loan from the bank, according to documents filed in the Superior Court of Guam. Guam Industrial Services last week petitioned the court for a temporary restraining order, stopping the sale. Judge Arthur Barcinas held a hearing on the petition Monday afternoon. The hotel is scheduled to be sold Wednesday, and Island Equipment is scheduled to be ...
Source: guampdn.com