In observance of Good Friday, the Guam Chamber office will
close at Noon today. We have compiled updates to get you ready for Chamber activities in the days ahead. Have a wonderful Easter weekend and
we look forward to seeing you at a Chamber event again soon!
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We are pleased to have Shawn Gumataotao lunch with us and speak about government finance. Join us in welcoming Shawn and our fellow members as we gather and share the opportunities that face-to-face meetings can bring to our businesses. We hope to see you there! |
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Guam Chamber announces mutual cooperation agreement with The Importers and Exporters Association of Taipei |
Chairman of the Board Edward Untalan, together with Chairman Chiao Chang Huang, Importers and Exporters Association of Taipei (IEAT). Director General Paul Yin-Lien Chen, Taipei Economic and Cultural Office, Director Felix Yen, Guam Affairs, Minister of Foreign Affairs signed a mutual cooperation agreement between the Guam Chamber of Commerce and the Importers and Exporters Association of Taipei. The event took place on Wednesday, April 13, 2022, at the Chamber office. |
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98th Anniversary Gala Celebration
SAVE THE DATE: September 24, 2022
Hyatt Regency Guam
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Your Chamber is looking forward to celebrating our 98th Anniversary with you on Saturday, September 24th! We'll be celebrating our members that are commemorating their own milestone anniversaries, too! Dust off those party outfits and pencil us in for a night of good people and milestone celebrations!
Table and sponsorship opportunities will be available soon!
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Or make checks payable to the Guam Chamber of Commerce |
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SAVE THE DATE: April 28
Sip with Us and Learn more about
ACTION PAC!
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Do you believe it's time to make a difference in our community? If you want to influence change in our legislature, we encourage your support of ACTION PAC. You are cordially invited to join us for some bits and sips to learn more about the PAC on Thursday, April 28th from 5:00 - 8:00 pm at the Chamber office in Hagåtña. Contributions are encouraged and welcomed. Click on the banner for details. Proceeds will be donated to the PAC to support its BPT rollback campaign.
Learn more by clicking on the PAC's news page and engaging with the PAC by joining its membership (it's free!) or by following and interacting with the PAC on social media! Click on their website for details!
Let's Take Action for a better Guam! #JointhePAC
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AmChams of Asia Pacific Updates |
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The AmChams of Asia Pacific will hold its 2022 Business Summit in Hanoi on May 20th. This annual event is hosted by a different AmCham each year from around the region along with in-depth examination of specific industry issues of critical importance to AmCham Members.
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Higher Taxes on Energy Companies Won't Lower Gas Prices
With high energy prices, some in Congress are once again proposing a so-called “windfall profits tax” on energy producers.
Why it matters: Basic economics and history have demonstrated that such a tax wouldn’t reduce gasoline prices today and would actually raise prices in the long term.
Details: This type of tax was enacted in 1980. In 2006, the nonpartisan Congressional Research Service found that this led to domestic oil production declining and imports increasing.
- By making domestic production more expensive, the country turned to cheaper imports, undermining efforts to make the nation more energy secure.
Be smart: Global markets, influenced by supply and demand, set the price of crude oil.
- The current rise in oil prices, which drove up gasoline prices, is caused partly by surging demand as the world recovers from the pandemic. Supply chain disruptions and workforce shortages have hampered the energy industry’s ability to increase production quickly.
- Geopolitical instability caused by Russia’s invasion of Ukraine is the other major factor driving prices higher. Russia is a major producer and exporter of oil, providing roughly 10% of global supplies before the invasion, and sanctions and bans have removed a significant portion of that supply from the market.
- And: Policy choices can artificially constrain energy production, such as halting needed pipelines, barring oil and natural gas lease sales, and pressuring banks not to finance oil and gas projects.
Bottom line: A punitive energy tax wouldn’t change the demand for oil, but it could prevent new producers from recovering the costs of new production to help meet demand and stabilize prices. Instead of higher taxes, we should encourage more production at home. The administration should immediately end its ban on leasing and permitting on federal lands and finalize a new offshore energy development program. Also, new critical energy infrastructure is necessary to transport U.S. oil and natural gas around the country and to our global allies.
Articles of Interest:
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The Unique Entity ID is here! Here’s What You Need to Know |
Here is a snapshot of what’s new at SAM.gov as of April 4, 2022:
- The DUNS Number has been removed and the Unique Entity ID is now the identifier of record for all entities in IAE systems.
- SAM.gov generates the Unique Entity ID, which will be used in federal award systems.
- SAM.gov searches, contract data, ad hoc reports, Application Programming Interfaces (APIs), and extracts use the Unique Entity ID. You will no longer find the DUNS number in any SAM.gov searches, views, or extracts.
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Entities now make updates to their legal business name and physical address through SAM.gov. Once you select “Create Incident'' through the update entity information workflow, you will monitor the status of your ticket in your SAM.gov Workspace or in the Federal Service Desk (FSD.gov) instead of going to Dun & Bradstreet.
- Entities registering for the first time will be assigned a Unique Entity ID as part of the registration process.
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I Bisinun Mami- Malesso' & Humåtak |
Friendly reminderI Bisinun Mami- Malesso' & Humåtak next training will be at the Malesso Senior Citizen Center on Saturday, May 7 and 14, from 9am to 12pm.
Below is the link to register for I Bisinun Mami and our Village Training Calendar.
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