Barnwell Industries always on lookout for opportunities
Barnwell Industries Inc., a small publicly traded conglomerate based in Honolulu, has its roots in Louisiana and its operations in parts of the U.S. and Canada. Read more
Barnwell Industries Inc., a small publicly traded conglomerate based in Honolulu, has its roots in Louisiana and its operations in parts of the U.S. and Canada. Read more
Hawaii’s unemployment rate held steady at 3.6% in February as the state’s labor market remained virtually unchanged. Read more
Maui Land & Pineapple Co., which earlier this week announced appointments for its CEO and chairman positions, reported Thursday that its financial results swung to a profit of $1.8 million in 2022 on the strength of land sales and adjustments to its pension plan. Read more
Hawaiian Airlines is beefing up its schedule for summer travel. Read more
First Hawaiian Bank has been recognized by the U.S. Small Business Administration with multiple lending awards. Read more
Maui Land & Pineapple Co. has appointed Hawaii native and real estate veteran Race Randle to be its new CEO and Scot Sellers to be chairman, effective April 1. Read more
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Watumull Properties Corp. has purchased the 205,000-square-foot Niumalu Marketplace in Kailua-Kona from mainland interests for $66 million. Read more
Bank of Hawaii, the hardest-hit of the five publicly traded local banks in the aftermath of the spreading global financial crisis, saw its stock rebound 10.7% Thursday as 11 of the largest U.S. banks infused $30 billion into the smaller San Francisco-based First Republic Bank. Read more
Hawaii banks continued to be caught up in the malaise that has spread worldwide following the collapse over the past few days of Silicon Valley and Signature banks, and troubles Wednesday by Switzerland’s Credit Suisse. Read more
The fallout from the shutdowns of Silicon Valley Bank and Signature Bank spilled over to regional banks Monday and sent the shares tumbling for publicly traded Hawaii financial institutions. Read more
Hawaii’s unemployment rate toward the end of 2022 actually was higher than previously reported. Read more
Hawaii appears poised to escape a recession, but a group of local economists says that high interest rates and prices will cause weaker growth in the state through the first half of this year. Read more
Hawaii bankruptcy attorneys are seeing an uptick in phone calls in what could be the start of an upward trend in filings. Read more
It’s been an uphill climb for the state Employees’ Retirement System pension fund, but its top administrator says beneficiaries have nothing to worry about even though the fund has a $13.5 billion shortfall. Read more
Matson Inc.’s chief executive officer is warning that the current quarter will be the weakest of the year as the company deals with reduced shipping demand. Read more
Alexander & Baldwin Inc., the state’s second-largest retail property owner, achieved a strong showing from its commercial real estate portfolio in the fourth quarter and finished 2022 with 95% total leased occupancy. Read more
Hawaiian Electric Industries Inc. topped $1 billion in revenue for the second straight quarter as customers paid higher bills for soaring fuel costs and subsidiary American Savings Bank achieved its best loan growth in more than a decade. Read more
Central Pacific Financial Corp. Chair Catherine Ngo has been appointed to the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council. Read more
Hawaiian Airlines’ pilots have approved a new four-year contract with pay raises that will average more than 32% over the duration of the agreement, including industry-leading rates for the carrier’s future Airbus A330F cargo fleet. Read more
Barnwell Industries Inc.’s revenue soared 37.7% in its fiscal first quarter on the strength of its oil and natural gas operations. Read more
Hawaii bankruptcies keep declining despite rising interest rates that are putting a strain on consumers. Read more