economy

Living Paycheck to Paycheck? Half of Hawaii Does Too.

Mar 30, 2016
Flickr / Edmund Garman
Flickr / Edmund Garman

If you’re a Hawai‘i resident, this may come as no surprise: Hawai‘i is an expensive place to live. A new study highlights that reality and exactly how many of Hawai‘i’s working families are living paycheck to paycheck. HPR’s Molly Solomon explains.

September Another Record High For Hawaii Visitors

Oct 28, 2015
Flickr / Prayitno
Flickr / Prayitno

It’s another record month for tourism in the islands. More than 650,000 visitors traveled to Hawai‘i in September. But as HPR’s Molly Solomon reports, the amount of money they’re spending is beginning to decline.

Wikipedia
Wikipedia

Hawaii’s legislature won’t be back in session until January, and the U.S. Senate and House of Representatives are both in recess until after Labor Day. India’s parliament just wrapped up its latest proceedings this week—but the headlines are about what did NOT happen. HPR’s Bill Dorman explains in today’s Asia Minute.

Legislative achievements are relative.

It’s true for lawmakers in any representative democracy--some sessions are just more productive than others.

Japanexperterna.se / Flickr
Japanexperterna.se / Flickr

China devalued its currency Tuesday, driving it to its biggest one-day drop in more than twenty years. The move took global currency markets by surprise. But what does it mean for the rest of the region? HPR’s Bill Dorman has more in today’s Asia Minute.

A weaker currency makes a country’s exports cheaper while boosting the price of imports.

That’s the way the economics work. The politics are more complicated. Especially when it comes to China.

Dank Depot / Flickr
Dank Depot / Flickr

Now that Governor David Ige has signed medical marijuana dispensaries into law, a new industry worth tens of millions could bloom. Pacific Business News Editor in Chief A. Kam Napier has more.

About 13,000 people in Hawaii have permission to use medical marijuana to treat various conditions. Medical marijuana has been legal for 15 years, but with one hitch – it has not been easy for patients to actually acquire it.

Town Square: Japan and South Korea Relations

Jul 2, 2015
Wikimedia Commons

  You would figure that two countries with democracy and open-market economies would be able to work closely together. But that’s not the case between Japan and South Korea. And although they have specific values in common, how they deal with one another and the U.S. deals with both is often a case of national identity. We talk to two scholars who call for a grand bargain in their new book. That’s today at 5 on HPR-2.

eefeewahfah / Flickr
eefeewahfah / Flickr

Japan’s “golden week” holidays are underway—and will linger until the middle of next week. While some tourists have made their way to Hawai‘i, financial markets back home have had a volatile week. HPR’s Bill Dorman has more in today’s Asia Minute.

International Students Boost Hawaii Economy

Apr 9, 2015
Flickr / ISCTE
Flickr / ISCTE

International students who come to Hawai‘i to study contribute more than $205 million to the state’s economy. That’s according to a new report from the Department of Business, Economic Development & Tourism, or DBEDT. But while the number of foreign students on the mainland has risen dramatically, the growth in Hawai‘i has been flat. HPR’s Molly Solomon reports.

Report: Construction Gains Smaller Than Expected

Mar 27, 2015
Flickr / jdnx
Flickr / jdnx

The construction industry isn’t growing as quickly as economists had expected. That’s according to a new report by the University of Hawai‘i Economic Research Organization. Despite a surge of activity on Oahu, the annual forecast says residential building permits actually fell last year. HPR’s Molly Solomon tells us why.

You can read UHERO's full Construction Forecast report here.

Is The New Bike Lane Hurting King St. Businesses?

Jan 15, 2015
Molly Solomon
Molly Solomon

It's been more than a month since the King Street bike lane opened in Honolulu. And while bike enthusiasts applaud the safer ride, several shop owners in the area are saying the confusion of where to park is killing their businesses. HPR’s Molly Solomon reports.

Pixabay Commons
Pixabay commons

  The economies of East Asia should close out 2014 with another year of solid growth, although activity is slowing down. That’s the word from the World Bank, which has updated its economic forecast for this year and next. HPR’s Bill Dorman has details in today’s Asia Minute.

Wikipedia Commons
Wikipedia Commons

  Hawaii’s Department of Business, Economic Development and Tourism expects modest growth across the state this year. D-BEDT’s latest forecast calls for 2.6 percent growth this year, just a bit slower than the growth rate for the overall U-S economy. Growth is faster than that in Asia, but it’s slowing down in certain parts of the region. HPR’s bill dorman has more in today’s Asia Minute.

   Hawaii Island traditionally lags behind the rest of the state in its economic growth.  HPR's Sherry Bracken recently talked with an economist who says the Big Island's economic path is looking up, but with challenges.

Construction to Overtake Tourism in 2014

Feb 6, 2014
w

The state’s top economic driver, tourism, is on the verge of being overtaken by the construction industry.  That’s the prediction of two economists who spoke at the Hawai’i Economic Association luncheon today.  HPR’s Wayne Yoshioka reports.    

In the 1970’s and 80’s, there was so much business activity in Singapore, Hong Kong, Taiwan, and South Korea they were dubbed the Four Asian Tigers.  Based on per capita income,  Singapore and Hong Kong achieved advanced economic status in the late 80’s, Taiwan followed in 2010, Korea, however, has lagged far behind.  Research into this disparity shows that social trust could be key to economies of the future.  HPR’s Noe Tanigawa reports.

Wayne Yoshioka

What is priced at nearly 5-dollars a square inch with prices still rising?   Yes, a postage-size piece of real estate in Waikiki.   HPR’s Wayne Yoshioka went to see the lowest priced fee simple studio apartment for sale in the area.     

Flickr / epSos.de
Flickr / epSos.de

Because of the government shut-down, President Obama is not among those gathered at the APEC leaders meeting this week in Bali, Indonesia. While the Asia Pacific region continues to grow faster than the rest of the world, it’s also facing challenges. HPR’s Bill Dorman has more in today’s Asia Minute.

Flickr / Ed Coyle Photography
Flickr / Ed Coyle Photography

Hawaii has the second highest concentration of millionaires in the country. Research from Phoenix Marketing International shows a little more than 7% of residents here are millionaires. Only Maryland has a higher percentage of wealth. But when it comes to millionaires on the international scene, some changes are coming. HPR’s Bill Dorman has more in today’s Asia Minute.

Flickr / Loic.Hofstedt
Flickr / Loic.Hofstedt

There’s confusion today about what exactly is happening with China’s economy. It’s an important question—because the answer will help determine the economic health of Asia. It will also have implications here in the United States. HPR’s Bill Dorman has more in today’s Asia Minute.

Flickr / Anna Banana!™
Flickr / Anna Banana!™

Just last week, state officials raised their forecast for Hawaii’s economy—projecting growth of 2.6% this year. That’s a little faster than the national economy is growing, but it’s a fraction of the pace of some economies in Asia. While China remains one focus, another country with close ties to Hawaii is showing surprising strength. HPR’s Bill Dorman has more in today’s Asia Minute.

Hawaii Tourism Authority Hosts 2013 Conference

Aug 22, 2013
Wayne Yoshioka

The Hawai’i Tourism Authority opened its annual conference today, following a year of record growth.   But, as HPR’s Wayne Yoshioka reports, the conference theme --“Defining the Next Chapter”--is an attempt to position the industry to withstand the next downturn in tourism.

How much did you pay for your mobile phone? Whatever the total, chances are that you paid less than you would if you lived in Korea. That’s the home of the most expensive phones. HPR’s Bill Dorman explains in today’s Asia Minute.

China Trade Slows

Jul 11, 2013

Hawaii’s exports to China totaled about $77,000,000 last year. That’s not a lot in terms of global trade, but according to the U.S. China Business Council, it does make the country Hawaii’s third leading export market…following Australia and Japan. As for the broader view of China’s trade picture, it’s been a week of surprises. HPR’s Bill Dorman has more in today’s Asia Minute.

The name of the fastest-growing economy in Asia may surprise you. It’s no longer China. The Philippines is Asia’s best-performing economy—and the government says it plans to use that growth to fight poverty. HPR’s Bill Dorman has more in today’s Asia Minute.

Hawaii Aims to Boost Chinese Tourism

Jun 17, 2013
Flickr / rickz
Flickr / rickz

This year, visitors from China became the top source of international tourism for the country. But how many of them are choosing Hawaii as their destination? HPR’s Molly Solomon reports on what the state is doing to attract Asia’s largest economy.

UHERO Dashboard Project

Jun 12, 2013

We're joined by the University of Hawaii Economic Research Organization to learn about their new “dashboard project.”  With an emphasis on visualization and input from the community, UHERO is building rich snapshots of the Hawaii economy. 

Flickr / samsungtomorrow
Flickr / samsungtomorrow

The U.S. trade deficit grew nearly 9% in April…thanks largely to an increase in imports from China. But buried in the statistics was another fact: the trade deficit with South Korea has now hit a record. HPR’s Bill Dorman takes a closer look in today’s Asia Minute.

Thailand has become the latest country in Asia to cut interest rates. Central banks in the region are concerned about falling exports and a slowing Chinese economy. HPR’s Bill Dorman has more in today’s Asia Minute.

Wayne Yoshioka
Wayne Yoshioka

Administrators and representatives for Public Employee Retirement systems nationwide are in Hawai’i this week for their annual 4-day conference.   And, like so many other gatherings here,  conducting a business conference in Hawaii has come under fire once again in some mainland states.    But, as HPR’s Wayne Yoshioka reports, the Governor was on point and in attack-mode today.  

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