Local Industry News & Notes for Sunday, May 4, 2008

• Kaua‘i job fair coming soon

• A&B posts 1stQ income of $42.1M

• ASB lowers interest rate

• How to start a business on Kaua‘i

• Chamber to host golf fundraiser

• Openings and Events

Kaua‘i job fair coming soon

The Kaua‘i Job Fair will be held between 9:30 a.m. to 1 p.m. Saturday at the Kukui Grove Shopping Center.

This year’s fair will feature Kaua‘i employers with hundreds of job openings ready to be filled. The low Kaua‘i unemployment rate of 3.1 percent gives job seekers leverage to find unique opportunities and meaningful employment, say the event’s organizers.

This is the largest job fair of the year on the island, with many major hotels and businesses participating.

Career development professionals will also provide applicants opportunities to learn about job training resources as well as job search and interview tips. Computer terminals will be on-site to assist with resume writing and online job searching.

The free event is presented by JSEC, the Advisory Committee for the Workwise One Stop Job Center in Lihu‘e. Call 274-3056 for more information.

A&B posts 1stQ income of $42.1M

Alexander & Baldwin Inc. this week reported that net income for the first quarter of 2008 was $42.1 million, up from $24.7 million in 2007. Revenue for the first quarter of 2008 was $582.1 million compared to revenue of $383.1 million for the same period in 2007.

The ocean transportation segment posted nearly $16 million in operating profit in the first quarter. Matson Integrated Logistics continues to experience volume moderation, in line with recent economic and industry trends, as the impact of rapidly rising fuel costs has affected cargo volume. For the quarter, Matson posted operating profit of $4.7 million on stable revenue and gross margin bases.

Operating profit for agribusiness improved in the first quarter to nearly $5 million. Although sugar production increased from the previous year period, it is expected that annual production will approximate 2007 levels.

The real estate leasing segment posted operating profit of nearly $14 million this quarter, a decline of $1.1 million from the year earlier period.

ASB lowers interest rate

American Savings Bank lowered its prime lending rate from 5.25 percent to 5 percent, effective Thursday.

American Savings Bank’s move to lower its prime rate followed the Federal Reserve’s announcement Wednesday that it had lowered the federal funds target rate. American Savings Bank is Hawai‘i’s third largest financial institution.

How to start a business on Kaua‘i

The Hawai‘i Small Business Development Center will present “How to Start a Business on Kaua‘i” workshop on the following dates: May 8 and 22, and June 5 and 19.

Participants will learn about entrepreneurship, forms of business organization, key ingredients for business success, sources of capital and services offered by the Hawai‘i SBDC Network as well as other resources for start-ups.

There is no registration fee, though pre-registration is required online at www.hawaii-sbdc.org. For more information call 241-3148.

Chamber to host golf fundraiser

The Kaua‘i Chamber of Commerce will host its fifth annual golf tournament on May 18 at the Kaua‘i Lagoons Kiele and Maile Course.

Falko Partners will sponsor the scholarship tournament, with proceeds benefiting scholarships to three outstanding high school students who plan to pursue a business major in college as well as one exemplary Kaua‘i Community College business education graduate.

The Chamber is still accepting hole sponsors, donations and golfer registrations for the event. Forms are available at the Chamber office or by calling 245-7363.

For more information, visit www.kauaichamber.org.

Openings and Events

• Fun Fitness Center, 4558 Kukui St. in Kapa‘a, offers 30-minute workouts; call Jo Grande, 822-1441.

• Saffron Mediterranean Cuisine, 5300 Ka Haku Road in Princeville, launched weekend breakfast service from 7:30 a.m. to 11:30 a.m. Fridays and Saturdays, 9:30 a.m. to 1:30 p.m. Sundays; www.saffron-hawaii.com or 826-6225.

• Kauai Massage Supply, 4585 Lehua St., Suite 3H, in Kapa‘a, offers massage as well as massage products for massage therapy professionals; discounts for “trade” customers with valid licenses; 821-0909 or www.kauaimassagesupply.com; open Tuesdays to Saturdays, 10 a.m. to 6 p.m.


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