Castle Resorts & Hotels, a Honolulu-based hotel management company, hired Oahu Publications Inc., owner of the Honolulu Star-Advertiser, to produce a new in-room publication, Ho‘onanea.
OPI will also develop and print separate guest information books for each of Castle’s 22 properties in Hawaii and New Zealand.
“With its talented staff and tremendous experience, Oahu Publications Inc. is the perfect partner to develop, write and publish our new biannual publication, Ho‘onanea,” said Castle President and COO Alan Mattson.
In addition to publishing the Star-Advertiser, OPI, Hawaii’s major print media company, owns a variety of Hawaii publications, including MidWeek, The Hawaii Tribune Herald and West Hawaii Today, The Garden Island, HILuxury and three military papers, among others.
“By partnering with Castle Resorts & Hotels, Oahu Publications maintains its goal of serving as Hawaii’s primary media source,” said Group Publisher Linda Woo. “We are proud of our array of specialty hotel magazines, and with Castle’s prominent reputation throughout the Hawaiian Islands, we’re confident that this partnership will be mutually beneficial.”
Central Pacific Bank’s executive VP leaving
Bill Wilson, executive vice president and chief risk officer at Central Pacific Bank and holding company Central Pacific Financial Corp., has resigned his position, effective Aug. 28, to take on the position of president and chief executive officer of Los Angeles-based California Business Bank.
Wilson, 57, who joined CPB on June 22, 2010, as executive vice president — special credits, was appointed chief credit officer in February 2011 before taking on the role of chief risk officer in June 2014.
Anna Hu, current senior vice president and chief administration division manager for the bank, will assume the position of senior vice president and interim chief credit officer for the bank and holding company. Denis Isono, current executive vice president — corporate services, will become executive vice president — interim risk management division manager of the bank and and holding company, and also will oversee the noncredit areas currently overseen by Wilson.
Economic growth boosts U.S. productivity
WASHINGTON >> U.S. productivity rose at a moderate pace in the April-June quarter as growth picked up and hiring remained steady.
The Labor Department said Tuesday that worker productivity increased at a seasonally adjusted annual rate of 1.3 percent, up from a drop of 1.1 percent in the first quarter. The first quarter’s decline was revised sharply higher from a previous estimate of a 3.1 percent decline.
The second-quarter rebound occurred mostly because the economy grew faster: It expanded at a 2.3 percent annual rate, compared with the first quarter’s anemic 0.6 percent growth.
Wholesale stockpiles and sales increase
WASHINGTON >> U.S. wholesalers increased their stockpiles in June by the largest amount in more than a year, while sales crept up slightly.
The Commerce Department said Tuesday that wholesale stockpiles rose 0.9 percent, the largest monthly gain since April 2014. Sales increased 0.1 percent in June, yet have dropped 3.8 percent over the past year largely because of cheaper oil prices.
ON THE MOVE
Honolulu HomeLoans has announced Alex Truong as a loan officer, specializing in residential mortgage loan origination and refinancing. Prior to joining HHL, Truong served as an operations support specialist for Bank of Hawaii as well as manager at Bico Australia.
DTRIC Insurance Co. has announced that Brian Fannin is the Hawaii-based insurance company’s technical services manager, overseeing its automation support activities as well as its information technology systems. Fannin has served in the information technology field for several years and was previously director of IT in facilities and assets at Lanakila Pacific in Honolulu.
