Business Report: 5/20/16 - Hawaii News Now - KGMB and KHNL

Business Report: 5/20/16

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HONOLULU (HawaiiNewsNow) -

The Big Island biomass start-up Hu Honua is asking the PUC to investigate the electric company’s cancellation of the contract to buy its power. The filing comes after the electric company announced a new plan to build its OWN biomass plant to do what Hu Honua was going to do.

Honolulu Federal Credit Union, now billing itself as HOCU, has opened a new branch in Moiliili with teller pods, removing barriers between tellers and customers.

The ICSC Global Real Estate Convention is this weekend at the Westgate Hotel in Vegas. Attending will be Architects Hawaii, winner of the 2016 retail store design award for the Walgreen’s on Keeaumoku.

DTRIC Insurance promotes Martha Nobriga to vice president for agency relations. She previously worked for John H. Connors Insurance, Bankoh, and First Insurance.

Oahu hotels are back to 80% full, but room rates are flat compared to last year. Maui occupancy slipped to 74% despite LOWER rates. Kauai eased a point to 63% but rates were up 5%, and the Big Island rose a point to 57% full with rates up 9% from last year, but not too different from Oahu.

The head of the Peace Corps is in town. Carrie Hessler-Radelet speaks today at the East-West Center in Burns Hall. Reservations had been requested so you may want to check that seating is still available. There is no admission charge.

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