Hawai‘i’s Most Profitable Companies 2023
Matson tops the list for a second year in a row, with more than $1 billion in net profit last year.
Finance
What to Know About Insurance Claims Following a Wildfire
We spoke with Robert Libby, assistant VP of claims at First Insurance Co., and Aaron Poentis, regional account manager of First Onsite Property Restoration in Hawai‘i, about what residents should know about filing insurance claims after a wildfire and what the process generally looks like.
How to Replace Important Documents and Access Financial Aid After a Disaster
Here’s what residents and businesses impacted by the Maui wildfires should know about ordering replacement documents and applying for federal assistance. Plus, a list of local financial institutions offering emergency relief.
Home Sales are Down, But the Drop in New Mortgages is Far Greater
Both O‘ahu and national numbers show 56% declines in new residential home mortgages during the first quarter of 2023 compared to the same period last year.
At Least 10% of U.S. Home Sales Are DIY
The number of homes for-sale-by-owner was up nationwide in 2022. Several local companies offer to list the homes on MLS and handle the closing for a flat fee, but you do most everything else.
Your Hawaii Home Insurance Rates Have Probably Gone Up. Here’s Why.
The reasons are numerous, including rising construction costs, leaking pipes and Florida’s Hurricane Ian. But there are ways to reduce your premiums.
In the Former Foreclosure Capital of Hawai‘i, Most Owners Are Not Selling This Time
Condo sales are way down in North Kona and South Kohala, but a lot has changed since the 2009 downturn.
Tracking Hawai‘i Homeowners Who are Equity Rich or Seriously Underwater
It appears counterintuitive, but the number of people in each category has grown, according to a new report.
Interest Rates are Up, So Number of New Mortgages is Down
The total of home loans issued in Hawai‘i through the end of October dropped 38% from the same period last year.
Here’s What Happens When Workers Become Employee-Owners
The perks of an ESOP include more company tax deductions and employee retirement benefits, and businesses that won’t be gutted by outside buyers.
Hawai‘i’s Most Profitable Companies 2022
Fueled by its China service, Matson tops the list that shows how 70 companies and nonprofits fared in 2021, a year of recovery.
Homeowners’ Omissions Provide More than $30 Million to Honolulu Treasury
More than a third of all owner-occupied homes on O‘ahu are not covered by property tax exemptions because owners did not submit the paperwork. You have until Sept. 30, 2022 to fix that oversight.
Higher Mortgage Rates and Fewer Sales May Finally Be Affecting Prices
In half of the 12 real estate regions on O‘ahu, asking prices have been reduced on at least 30% of the current listings.
Disasters Can Shut Down a Business for Months. How Would You Pay for it?
Business interruption insurance covers lost income and expenses from fires, flooding and cyberattacks.
How to Plan for Business Growth When the Future Is Uncertain
6 strategies to move past survival mode and start thinking long term.
What’s Next for Hawaii State Federal Credit Union
CEO and President Andrew Rosen talks about new branches and a new headquarters, plus enhanced ATMs and a commitment to financial literacy.
Here’s Which Ethnic Groups Make the Most Money in Hawai‘i
Some new data is surprising, but other data confirms what has long been known about Hawai‘i’s social and economic hierarchy.
What’s Next for Central Pacific Bank
Technology, the pandemic, global instability, climate change and other factors are driving change and uncertainty worldwide. We want to know how important Hawai‘i organizations are responding to this change and uncertainty.
How Honolulu's Rail Compares to Other Federally Funded Projects
It’s common for rail projects to have cost overruns, but few are as large as Honolulu's.
A Look at the Rail's Increasing Price Tag and Pushed Back Completion Dates
We tracked some of the project's major milestones, including cost increases, funding deficits, lawsuits and voter input.
Hawaiʻi's Most Profitable Companies 2021
A look back at gains and losses in a tumultuous year.
Hawai‘i Voices: Your Money, Your Kids, Your President
BOSS Survey of business leaders and 808 Poll of the general public ask people about their personal finances, their children’s education during the pandemic, and Biden vs. Trump.
Local Companies Remain Weak on Revenue, Profit and Employment
BOSS Survey of 447 business owners and executives finds lackluster performance on all three measures for most local companies
Central Pacific Bank says Rebranding Reflects “Digital-First Mindset”
Central Pacific Bank, which unveiled a $40 million renovation of its downtown Honolulu headquarters on Jan. 26, has also launched a rebranding campaign.