economy

Hawaiʻi has all the ingredients for a thiving clean energy economy – high energy prices and an abundance of renewable energy sources. But persuading local youth to stay in the islands and help build this economy will be one of the state’s biggest challenges. HPR’s Kuʻuwehi Hiraishi has more.

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In a speech in Australia, Papua New Guinea’s Prime Minister rejected a report that said ExxonMobil’s huge natural gas project had failed to live up to promises. Peter O’Neill dismissed the report as “fake news” – though he also admitted that he hadn’t read it. We have more from Neal Conan in today’s Pacific News Minute.

Wikimedia Commons
Wikimedia Commons

The economy of Hawai‘i’s top international tourist market continues to show strength. Business confidence in Japan is the latest figure to reach its highest level in more than a decade. HPR’s Bill Dorman has more in today’s Asia Minute.

Wikimedia Commons
Wikimedia Commons

A new website can now show you the economic impact the U.S. military has in the islands.

Wikimedia Commons
Wikimedia Commons

The International Monetary Fund has updated its outlook for the world economy – with a more optimistic tone. Part of that is due to expectations of stronger growth in the Asia Pacific. HPR’s Bill Dorman has more in today’s Asia Minute.

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Wikimedia Commons

  Hawaii’s economic growth is predicted to slow down, with an exception in one key sector. PBN editor-in-chief A. Kam Napier has more.

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Wikimedia Commons

Anyone who’s familiar with the Philippines knows about the concept of sending money home from overseas. It’s become a critical part of the Philippines economy—and it’s growing. HPR’s Bill Dorman has more in today’s Asia Minute.

Wikimedia Commons
Wikimedia Commons

As you heard earlier on NPR, South Korea has a new president this morning. Moon Jae-in took office immediately following his election victory. And while much attention is focused on relations with North Korea, Moon will also be dealing with another important story: South Korea’s economy. HPR’s Bill Dorman has more in today’s Asia Minute.

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Wikimedia Commons

  2017 should be another positive year for Hawai‘i’s economy, despite slowing growth in the construction sector. That’s the view of a local economic forecast group—and we have details from Pacific Business News editor-in-chief A. Kam Napier.

Pixabay
Pixabay

Hawai‘i and Japan share a number of cultural and economic connections. One you might not think about is unemployment. The jobless rate is relatively low in both places—but that doesn’t mean all is well with the economy. HPR’s Bill Dorman has more in today’s Asia Minute.

Wikimedia Commons
Wikimedia Commons

The latest visitor arrival numbers for the state will come out next week from the Hawai‘i Tourism Authority. But a broader look at the travel picture shows that worldwide tourism continues to grow faster than the global economy. And the star of the show remains the Asia Pacific. HPR’s Bill Dorman has more in today’s Asia Minute.

Wikimedia Commons
Wikimedia Commons

There are many ways to identify factors that spark economic development. Businesses and investment capital can create jobs. Consumer spending can boost an economy. And according to a new study from Australia, a good surf break can also make a difference. HPR’s Bill Dorman has more in today’s Asia Minute.

Tracy O / Flickr
Tracy O / Flickr

President Trump talked about economic growth in his address to a joint session of Congress. Figures out Tuesday showed the U.S. economy grew at a rate of 1.6 percent last year—its weakest performance since 2011. In Asia, the latest economic figures continue to show faster growth—but the future carries some question marks. HPR’s Bill Dorman has more in today’s Asia Minute.

MsSaraKelly / Flickr
MsSaraKelly / Flickr

A new drug is coming on the market in Japan that reflects a growing trend. It’s a treatment for a chronic disease, but not for humans. HPR’s Bill Dorman has more in today’s Asia Minute.

Prince Roy / Flickr
Prince Roy / Flickr

(As you heard earlier on Morning Edition/ATC), President Obama continues his Asian travels today with another day in Vietnam. While the president’s meetings include a focus on political and security issues, trade is another key topic. And it’s one that U.S. companies have been paying attention to for decades. HPR’s Bill Dorman has more in today’s Asia Minute.

23 years ago, the United States still had a trade embargo against Vietnam.

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
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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.

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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.

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