Guam - Last Monday KUAM News reported how John Laing and the Guam Motion Picture Company failed to make its second and final settlement payment by September 30 as part of the movie "Max Havoc: Curse of the Dragon."
Guam Economic Development Authority administrator Karl Pangelinan tells KUAM News that Guam Motion Picture Company paid $75,000 earlier this week - half of the payment that was due on September 30. "So I'm confident that he'll be able to pay the balance of $150,000 and whether it comes in one or two payments, it doesn't matter to us as long as we're made whole in regards to the agreement," he said.
He adds the board will make a request for a stipulation in the agreement to allow Laing to make the additional $75,000 payment by early January.
About 15,000 tax refund checks are being printed tomorrow to be sent out Monday. The Department of Revenue and Taxation, and Department of Administration have started the process to pay out the tax refunds.More >>