State unemployment rate fell to 3.3% in April
Hawaii’s unemployment rate declined to a one-year low of 3.3% in April amid continued signs of improvement in the local labor market. Read more
Hawaii’s unemployment rate declined to a one-year low of 3.3% in April amid continued signs of improvement in the local labor market. Read more
Hawaiian Airlines, which plans to begin service in early 2024 with its new 300-seat Boeing 787-9 Dreamliner, unveiled Monday the interior of the aircraft and introduced a new class of premium service: the Leihoku Suites. Read more
Barnwell Industries Inc., which derives about three-quarters of its revenue from its oil and natural gas operations, swung to a loss in the second quarter as prices declined for all of its products. Read more
A pilot shortage has been rippling across the United States in the aftermath of the pandemic. Read more
Bankruptcy cases in April hit a monthly high for the year, as rising interest rates and high inflation finally appear to be stretching thin the finances of Hawaii consumers. Read more
Investors continued bailing on Hawaii bank stocks Thursday even as top executives of the publicly traded financial institutions banded together to assure consumers that their deposits are safe. Read more
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Maui Land & Pineapple Co.’s loss widened in the first quarter as costs and expenses rose by $918,000 from the year-earlier period due to one-time events associated with the company’s recent leadership transition. Read more
Hawaii auto sales were virtually flat in the first quarter but are expected to accelerate and finish this year up 6.6% as consumers return to the market and dealers stock more vehicles on their lots. Read more
Hawaiian Electric Industries Inc., the holding company for the state’s largest utility and third-largest bank, reported Tuesday that net income fell 20.9% in the first quarter primarily due to nonrecurring items that occurred in the year-earlier period. Read more
Matson Inc. performed better in the first quarter than it projected two weeks ago but still saw its earnings plunge 90% primarily due to lower average freight rates and volume from its China operations. Read more
Kauai Island Utility Cooperative’s 60.2% renewable generation once again led the state in 2022, but the output was below the number it generated in 2021. Read more
Alexander & Baldwin Inc., the state’s second- largest retail property owner, continues to achieve solid results from its commercial real estate portfolio and finished the first quarter with 93.9% total leased occupancy. Read more
Hawaiian Electric’s residential customers will see lower bills in May than they did a year ago when the Russian invasion of Ukraine sent oil prices surging. Read more
American Savings Bank reported that net income fell 22.2% in the first quarter from the year- earlier period but said its earnings grew from the previous three months and that it remains well capitalized. Read more
First Hawaiian Bank boosted earnings 15.8% from a year ago but saw its deposits decline for the third straight quarter and shrink by $407.5 million from the previous three months. Read more
Territorial Bancorp Inc.’s net income fell by more than half in the first quarter partly due to a nonrecurring item, and deposits and loans were virtually flat, as the company dealt with higher interest rates and customers moving their money into higher-yielding certificates of deposit. Read more
Joint Rescue Coordination Center Honolulu received a report from the ship of a man from Australia going overboard at 11:03 p.m. Tuesday. Read more
Central Pacific Financial Corp. weathered what it called a “challenging operating environment” and said ahead of today’s earnings results that its deposits during the first quarter increased by $150 million from March 10 when Silicon Valley Bank, and then later Signature Bank, collapsed. Read more
Bank of Hawaii Corp. posted lower first-quarter earnings but said it was unaffected by Wall Street fears of customers scrambling to withdraw their money from regional banks following the failures in March of larger institutions Silicon Valley Bank and Signature Bank. Read more
The parent company of the Hawaiian Host and Mauna Loa macadamia nut brands has purchased the stock of MacFarms LLC, the state’s largest individually operated mac nut farm, for $26 million from Australian-based Health and Plant Protein Group LTD. Read more
Hawaii’s unemployment rate dipped to an eight-month low of 3.5% in March as the number of people in the jobless ranks shrank by 600. Read more