Latest finance & investment news and updates
Central Pacific Bank (CPB) has appointed Raoul Magana as Group Senior Vice President and Manager of Commercial Real Estate Lending and Wholesale Credit. This strategic move aims to strengthen CPB's position in Hawaii's vital real estate market and expand its wholesale credit offerings.
The Leona M. and Harry B. Helmsley Charitable Trust has awarded over $10.6 million to Kauai Veterans Memorial Hospital to expand and enhance its MRI suite. This investment will provide Kauai residents with improved access to advanced diagnostic imaging and bolster the quality of healthcare on the island.
Overtime abuse within the Honolulu Police Department (HPD) is inflating officer pensions, potentially costing taxpayers hundreds of millions of dollars and prompting early retirements. This situation raises serious concerns for both public finance and the broader business environment in Hawaii.
The Federal Reserve's recent quarter-point interest rate cut has significant implications for businesses and investors in Hawaii. This move is expected to influence various financial aspects, including borrowing costs, potentially impacting real estate, investment strategies, and overall economic activity in the state.
Central Pacific Bank (CPB) has appointed Raoul Magaña, formerly of First Hawaiian Bank, as Group Senior Vice President and Manager of Commercial Real Estate Lending and Wholesale Credit. This move signals CPB's strategic focus on strengthening its real estate portfolio and credit offerings in the competitive Hawaiian market.
The Federal Reserve's interest rate decisions have broad implications, influencing borrowing costs, investment returns, and the overall economic climate in Hawaii. Understanding these changes is crucial for entrepreneurs, investors, and professionals navigating the local business landscape.
Following the Federal Reserve's decision to lower interest rates, major U.S. banks have reduced their prime lending rates, potentially easing borrowing costs for Hawaii's businesses and consumers. This move could stimulate investment and provide relief to those with existing debt.
The Federal Reserve's decision to cut interest rates by a quarter percentage point, with indications of further reductions, is poised to influence Hawaii's business environment. This move could impact borrowing costs, investment strategies, and overall economic activity within the state.
Matson continues to lead the pack as Hawaii's most profitable company, according to the latest rankings by Hawaii Business Magazine. However, the financial landscape reveals a stark contrast, with Hawaiian Electric reporting substantial losses tied to the Maui wildfire settlement.
The One Big Beautiful Bill Act (OBBBA) is reshaping the landscape of charitable giving in the U.S., potentially impacting Hawaii's businesses, investors, and nonprofits. Understanding the new tax provisions is crucial for maximizing tax benefits and strategically planning philanthropic efforts.
First Hawaiian Bank has reopened a branch at the Lahaina Cannery Mall, marking a significant step in the town's recovery efforts after the devastating wildfires. The new branch, which includes an art installation inspired by Lahaina's journey, signals renewed hope for the community and provides vital financial services to residents and businesses.
First Hawaiian Bank has opened a new branch in Lahaina Cannery Mall, marking a significant step in the area's recovery following the devastating wildfires. The opening signals increased economic activity and provides vital financial services to the community.
With the Federal Reserve poised to potentially lower interest rates, the absence of key board members creates uncertainty for Hawaii's financial landscape. This comes at a crucial time for the state's businesses, investors, and overall economic health.
First Hawaiian Bank has re-established a presence in Lahaina, two years after the devastating wildfires destroyed its original branch. This move demonstrates the bank's commitment to supporting the financial needs of the community as the area undertakes long-term rebuilding efforts.
Oracle co-founder Larry Ellison, owner of nearly all of Lanai, is surging up the ranks to potentially become the world's richest person thanks to Oracle's soaring stock value. This development underscores the dynamic interplay between technology, investment, and real estate within the Hawaiian Islands.
Miami Dolphins quarterback Tua Tagovailoa continues to lead the pack as Hawaiʻi's highest-paid professional athlete, with earnings reaching $50 million for the year. This financial success not only highlights Tagovailoa's achievements but also offers potential economic benefits for the local community.
Bank of Hawai‘i has been named one of "America's Most Admired Workplaces 2026" by Newsweek, solidifying its reputation as a leading employer in the financial sector. This recognition highlights Bank of Hawai‘i's commitment to its employees and contributes to a positive economic outlook for Hawaii's businesses and job seekers.
A 42-year-old man accused of robbing a Kihei bank at gunpoint has been released on bond, raising questions about security protocols in the local financial sector. This news underscores the vulnerability of businesses and the importance of robust security measures for financial institutions operating on Maui.
Honolulu-based Trinity Investments has sold the luxury East Miami hotel to Blackstone, representing Trinity’s third hotel sale this year. This transaction underscores the dynamic shifts within the hospitality sector and broader real estate market, with implications for investors and businesses in Hawaii.
Despite ceasing operations in 2009, the Hawaii Superferry continues to burden the state with significant debt obligations. This ongoing financial commitment underscores the lasting impact of past business ventures on Hawaii's economy and taxpayers.