Reported by Star-Bulletin staff & wire
Tuesday, December 10, 1996
A Florida company today said it was awarded a new $25 million contract to operate the Navy's ammunition storage depot at Lualualei on Oahu for four years and nine months. The company, Vitro Services Corp., has been running the facility for 11 years.
Florida company gets
$25 million job on Oahu
Vitro, a subsidiary of Tracor Inc., will provide ammunition storage, handling and management services at the Naval Magazine Lualualei under the contract awarded by the U.S. Navy Fleet and Industrial Supply Center at Pearl Harbor.
Services also will include loading and off-loading of munitions from ships.
Holiday purchases by check in Hawaii are up from last year but the improvement is not as much as it is nationally, according to TeleCheck Services Inc., a check clearance company.
Buys by check rise locally,
Houston-based TeleCheck said the dollar amount of checks written in Hawaii in the 10 days after Thanksgiving was up 2.1 percent compared with spending in the same stores at the same time last year.
The national level was up 3.7 percent. Hawaii retailers and economists say purchases by check don't fully reflect the level of their business because a majority of purchases are made with credit cards or cash.
The Filipino Chamber of Commerce of Hawaii will take a trade mission to the Philippines in February.
Isle business group plans
The chamber hopes to promote real estate investment, importing and exporting, and to develop opportunities for Hawaii professionals to get consulting work in the Philippines.
Renie Agsalda, chairman of the chamber's international affairs committee, said the group will leave Honolulu Feb. 9 and return Feb. 19. It will stop in Laoag, Ilocos Norte, Baguio, the Subic Bay-Clark Air Base area, Manila and Batangas, he said.
People interested in taking part can contact the chamber at 533-0322 or Agsalda at 622-3066.
WASHINGTON - The U.S. trade deficit surged to $48 billion from July through September, the worst performance in history, as U.S. exports fell for the first time in three years.
U.S. trade gap jumps to
record $48 billion
The Commerce Department reported today that the imbalance in the U.S. current account increased 19.3 percent from a second quarter deficit of $40.2 billion.
The current account is the broadest measure of foreign trade, tracking not only sales of goods but also services, investment flows and foreign aid. So far this year, the current account deficit is running at an annual rate of $164 billion, far ahead of last year's $148.1 billion deficit.