Friday, May 23, 2008

How does Saipan's economical change affects our life


When I just arrived on Saipan, the gas price was only $2.03. But now the gas price is $4.44.

This tells me that the economic has been change since 4years. How about the money we're paying to CUC? The payment just doubled. We are paying second most expensive payment for power. The economy of Saipan is really falling apart.


How does it affects our life? As soon as the CUC payment doubled, the only movie theater in Saipan closed, because they could not afford the payment. And because of the increase of gas price, all stuff coming from outside island became more expensive. For example the price of rice went up to 26 dollars and it will keep go up.


There are two main industry in Saipan. Tourism and Garment Factory are the two.

Garment factories came to Saipan because they don't have to pay the tariff. But now there is no tariff even in China or Taiwan, and the lowest income is getting higher which makes the garment factories to close down. And even the airplane ticket price went up. That makes tourists harder to come and spend their money here. A lot of money is going out of island but very little come in.




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