Salaries and other income of Hawaii residents has failed to keep pace with the rest of the nation, according to a report that was released by U.S. Bureau of Economic Analysis. Personal income in Hawaii grew by 0.9 percent in the second quarter from the first quarter, putting the state in the bottom 10 percent […]
Business
Hawaii’s Economy Ranks in the Top 20
Surprisingly enough, the Brookings Institution said Thursday the city ranks in the top 20 nationwide for economic performance. While this may not ease the minds of everyone who struggles here from paycheck to paycheck, it is good news that Hawaii is sustaining in these tough economical times. How did the study measure the results? It […]
Hotel Occupancy in Hawaii is Down
Seven out of every ten hotel rooms in Hawaii were filled this past June. This number according to Hospitality Advisors and Smith Travel Research. While seven out of ten isn’t bad, that number was still down 0.7% from the same time last year. That resulted in a 2.9% decline in visitors. While hotel occupancy was […]
Hawaii Health Insurers Post Big Profits
Hawaii Medical Service Association (HMSA) has reported a second quarter profit of $5.8 million. This was compared to a a loss of $4.1 million that was reported at this time last year. Kaiser Permanente Hawaii also reported a second quarter profit of $2.8 million, which was compared to a loss of $5.1 million at the […]
HECO’s New Price Rates Send Hawaii Electric Bills to Record Highs
HECO (Hawaiian Electric Company) has started collecting bills from its first month under their new rate package and price hikes. Needless to say, it only took one month for electric rates on Oahu to set record highs. At first glance the new rates don’t look like too much of a hike in original prices. However, […]
Gas Prices Falling Everywhere Except Hawaii
There is a bit of good news and bad news for Hawaii gas prices to report. The good news is that as prices are starting to go down again across the country. The bad news is that Hawaii gas prices are not following trend. According to GasBuddy.com, search results from across the country indicate that […]
Hawaii Stocks Take Huge Hit Due to Dow Falling 519 Points
Stocks for companies based in Hawaii continue to take a huge hit, especially after the Dow Jones dropped 519 yesterday. There were only 3 Hawaii based companies that made gains on the day. The 519 points that the Dow dropped was a drop of 4.62% and the day closed with the Dow Jones at 10,719.94. […]