{"id":35240,"date":"2022-11-09T12:55:39","date_gmt":"2022-11-09T15:55:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35240"},"modified":"2026-04-23T03:08:54","modified_gmt":"2026-04-23T06:08:54","slug":"ipi-furloughs-human-resources-and-treasury-directors","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-furloughs-human-resources-and-treasury-directors","title":{"rendered":"IPI furloughs human resources and treasury directors"},"content":{"rendered":"\n<p>IPI has further reduced its staffing.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Northern Mariana Islands.- A little over a week after reporting that it was&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-says-its-caught-up-with-payment-of-employees\" target=\"_blank\">up to date with the payment of its employees&#8217; salaries<\/a>,&nbsp;<strong>Imperial Pacific International <\/strong>has announced that it has furloughed&nbsp;human resource director <strong>Reddie Dela Cruz<\/strong> and treasury director <strong>Frances Mafnas<\/strong>.<\/p>\n\n\n\n<p>According to Mariana&#8217;s Variety, remaining IPI employees have been told to refer all payroll and personnel concerns to How Yo Chi, the administrative office manager.&nbsp;The company had 10 employees, including six security guards. In August,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-now-has-only-seven-security-guards-in-saipan\" target=\"_blank\">some of the casino operator\u2019s security staff<\/a>&nbsp;stopped reporting for work due to payroll delays.<\/p>\n\n\n\n<p>Three weeks ago, the company had furloughed its executive assistant to the chief executive officer Billy Lam and administrative staff member Steve Liang.<\/p>\n\n\n\n<p>In May, the company reported it had signed&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/imperial-pacific-claims-its-signed-a-deal-with-ih-group\" rel=\"noreferrer noopener\">a memorandum of agreement<\/a>&nbsp;with&nbsp;<strong>South Korea\u2019s IH Group<\/strong>&nbsp;to secure funding to help it reopen its casino in Garapan and pay some of its obligations, including payroll and outstanding payables to vendors. However, so far there has been no news regarding the agreement between the companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPI has further reduced its staffing.<\/p>\n","protected":false},"author":176,"featured_media":19434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) has further reduced its workforce, furloughing key directors in HR and Treasury, signaling deepening operational distress and financial instability. This follows earlier staff departures due to payroll delays and a lack of progress on a previously announced funding agreement with South Korea's IH Group, which was intended to facilitate casino reopening and settle outstanding obligations.","focusai_entities":"Imperial Pacific International, Reddie Dela Cruz, Frances Mafnas, How Yo Chi, Billy Lam, Steve Liang, IH Group","focusai_location":"Northern Mariana Islands, Garapan, South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.75), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory License Impact","query":"What are the specific regulatory implications for IPI's operating license in the Northern Mariana Islands, considering its sustained financial distress and inability to meet payroll and vendor obligations?"},{"label":"IH Group Agreement Status","query":"What is the current status of the funding agreement between IPI and IH Group, and what are the implications for IPI's debt restructuring and potential asset liquidation?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-35240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35240"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35240\/revisions"}],"predecessor-version":[{"id":35269,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35240\/revisions\/35269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19434"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}