Reported by Star-Bulletin staff & wire
Friday, July 3, 1998
Local venture buys Amfac's Kauai land
Amfac Land Co. said it has completed its sale of a 6,700-acre parcel of land on Kauai to a locally registered partnership, Kealia Plantation Co. The price was not disclosed.The land, an ancient Hawaiian land division called an ahupuaa, was originally listed at $19.5 million when there were development plans for it.
Justin and Michele Hughes, Kauai residents who are part of the Kealia Plantation partnership, said they will explore various agricultural uses for the land. Amfac will continue to grow seed cane on the land for its sugar plantations, as part of the sale agreement.
The ahupuaa -- a piece of land wide at the base on the coast and tapering up to a point in the mountains -- is about five miles north of Kapaa in east Kauai.
City Bank's parent increases dividend
CB Bancshares Inc., parent of City Bank and International Savings & Loan, increased its quarterly dividend by 20 percent to 6 cents a share, from 5 cents.The second-quarter dividend is payable July 31 to stockholders of record July 12. The company, with $1.47 billion in assets, has 23 branches on Oahu, Maui and the Big Island.
Hawaii executive picked to push Laos tourism
The National Tourism Authority of Laos has appointed Otto Luther, president of the F.O.G. Corp., as the authority's Hawaii representative to promote the "Visit Laos 1999-2000" campaign.Like many other Southeast Asia countries, Laos is making the push for more tourism.
Luther said the hospitality industry marketing firm is organizing educational tours from eight to 16 days, starting in September. The trips promote the history, nature, culture and tradition of Laos. He expects large numbers of tourists to visit Southeast Asia next year, many of them from Europe.
"We are going bonkers over Southeast Asia and Indochina especially," Luther said.
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