Ed Chen has departed the company as it part of efforts to achieve a ‘leaner finance department’ during the Coronavirus pandemic.<\/p>\n\n\n\n\n\n\n\n
Imperial Pacific International Chief Financial Officer, Ed Chen, has resigned from the company which is making cutbacks during the Covid-19 crisis.<\/p>\n\n\n\n
IPI’s casinos have been close<\/a><\/em><\/strong>d<\/em><\/strong><\/a> since March 17 and the company has already cut staff hours by 30 per cent. The company said the decision to release Chen was a tough one.<\/p>\n\n\n\n A representative told the Marianas Variety: “We fully appreciate Mr. Chen\u2019s contribution to our company. However, we believe a leaner finance department is essential to the success of the company going forward.<\/p>\n\n\n\n “Our goal is to ensure that we have an efficient and effective organisation to endure economic hardship and thrive in the future.<\/p>\n\n\n\n “We speed up on our construction work to ensure that when the tourists come back, we are in a much stronger position to be profitable and contribute to the CNMI economy.”<\/p>\n","protected":false},"excerpt":{"rendered":" Ed Chen has departed the company as it part of efforts to achieve a ‘leaner finance department’ during the Coronavirus pandemic.<\/p>\n","protected":false},"author":2,"featured_media":4566,"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) Chief Financial Officer, Ed Chen, has resigned as part of the company's strategic efforts to achieve a leaner finance department amidst the COVID-19 pandemic. With its integrated resort operations suspended since March 17 and staff hours reduced, IPI is implementing cost-cutting measures to ensure operational efficiency and prepare for future market re-entry and profitability within the CNMI economy.","focusai_entities":"Ed Chen, Imperial Pacific International, Marianas Variety","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"IPI's Financial Outlook?","query":"What is the projected impact of this 'leaner finance department' on IPI's operational expenditure, capital allocation strategies, and overall financial outlook for the next 12-24 months?"},{"label":"Governance Framework Adjustments?","query":"How will IPI's revised financial structure influence its ability to secure future financing or manage existing debt obligations, and what specific governance frameworks are being adjusted to ensure robust financial oversight post-restructuring?"}],"footnotes":""},"categories":[160,157,161],"tags":[7299,14213],"class_list":["post-5540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-daily-news","tag-coronavirus","tag-imperial-pacific"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5540","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5540"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5540\/revisions"}],"predecessor-version":[{"id":21538,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5540\/revisions\/21538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4566"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}