Business Report: 10/3/16 - Hawaii News Now - KGMB and KHNL

Business Report: 10/3/16

(Image: Hawaii News Now) (Image: Hawaii News Now)
HONOLULU (HawaiiNewsNow) -

The August visitor report turned out really good, not just the headline numbers but many of the fine print details. We got thousands of more Australians and thousands more New Zealanders. We got 5% more from the West Coast including 6% increases from both Seattle and Portland. Molokai and Lanai improved.

List Sotheby’s International Realty is opening offices in Singapore, Thailand and the Philippines. The company’s Honolulu office says this opens an unprecedented pipeline of reciprocal business and referrals between Hawaii and Asia.

Fitch Ratings fives an A rating – with a positive outlook – to Hawaii airport revenue bonds. It’s good news for taxpayers because bonds with strong ratings can be sold with lower returns. As usual Fitch remarks on the monopoly that the Airports Division has, which means it can charge what it needs to for debt service.

Central Pacific Bank has a new executive vice president. Anna Hu is promoted to chief credit officer after holding the post on an interim basis. She formerly held an executive post at Bankoh.

Le Crepe Café will soon open at Pearlridge. Their other locations include UH Manoa and Fort Street Mall. There used to be a good crepe shop in that shopping center above Keauhou.

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