BUSINESS BRIEFS
Per-capita income rise in top 10
Advertiser Staff and News Services
Hawai'i's per-capita personal income grew faster than the national average in 2007, with the increase ranking among the top 10 nationally.
Figures from the federal Bureau of Economic Analysis show per-capita income climbed 6.0 percent last year, or more than the 5.2 percent for the nation as a whole. Personal income includes wages, bank interest, dividends from investments and rental income.
On a dollar basis, the amount of income totaled $39,239 per person. That was up from the $37,023 reported in 2006. In both years, the amount of income placed Hawai'i 18th among states.
Connecticut ranked first in this category with per-capita personal income of $54,117. Mississippi was last at $28,845.
The bureau also released estimates yesterday showing income for each of Hawai'i's counties in 2006. Honolulu had the richest per-capita personal income numbers at $39,653. Maui was next at $33,383, while Kaua'i came in at $31,377. The Big Island was at $28,036.
AIRLINE EXECS TO DISCUSS TURMOIL
Today is the deadline to register for a luncheon that will feature three local airline executives in a discussion about the current turmoil in the industry.
Mark Dunkerley, CEO and chief operating officer of Hawaiian Airlines, will join David Banmiller, president and CEO of Aloha Airgroup Inc., and Richard Hee, Island Air's vice president of government affairs, for an April 30 luncheon at Hilton Hawaiian Village, South Pacific Ballroom II and III. Registration begins at 11:30 a.m. with lunch scheduled for noon.
Reservations can be made through the Hawaii Publisher's Association by calling 234-0088 or sending an e-mail to publishers@hawaii.rr.com. Seats are $40 each or $400 for a table of 10.
BANK OF HAWAII TO OPEN NEW BRANCH
Bank of Hawaii will open its newest branch Monday in the Star Market in Mililani Town Center.
The new in-store branch will be the bank's 72nd branch in Hawai'i and the fourth branch in a Star Market.
A grand opening is scheduled for May 10, and will include a grand prize drawing for a $500 Star Markets Mililani shopping spree. There also will be free popcorn, cotton candy, shave ice, balloons, houseplant giveaways and entertainment.
The branch will be open from 10 a.m. to 7 p.m. Monday through Friday, and from 10 a.m. to 3 p.m. Saturday and Sunday.
A&B APPROVES 8.6% DIVIDEND
Alexander & Baldwin Inc. said its directors have approved an 8.6 percent increase in its quarterly dividend.
The second-quarter dividend is being increased to 31.5 cents a share from 29 cents. The dividend is payable on June 5 to shareholders of record as of the close of business May 8.
The owner of Matson Navigation, agricultural and property development operations has paid dividends for 105 years.
FOOD AND BEVERAGE DIRECTOR NAMED
Four Seasons Resort Hualalai has promoted Christophe Chabaud to director of food and beverage for the 243-room, AAA Five Diamond resort.
Chabaud is responsible for the day-to-day restaurant and culinary operations of the hotel, including two oceanfront restaurants, 24-hour room service, and catering and conference services.
