Business Briefs

Reported by Star-Bulletin staff & wire

Friday, February 26, 1999

Aloha Air offering electronic ticketing

Aloha Airlines plans to start offering electronic ticketing to passengers beginning Monday.

The ticketless travel option also will be offered by Island Air, Aloha's smaller interisland service.

Penn. firm buying Maui water system

WAILUKU -- Amfac/JMB Hawaii Inc. says a Pennsylvania business is purchasing Amfac's water system serving hotels and condominiums in Kaanapali.

The sale to Aquasource is expected to close this summer, said Amfac spokesman James Boersema.

Japan economy may be stabilizing

TOKYO -- Data released today showed the first significant signs that Japan's economy may be stabilizing, but economists said it was too early to say the economic malaise has run its course.

The government said industrial production rose a seasonally adjusted and larger-than-expected 0.8 percent in January, the second straight monthly increase.

It also forecast that output would increase 0.7 percent in February and 0.4 percent in March.

In other news. . .

Dutch electronics giant Royal Philips Electronics NV offered to acquire chip maker VLSI Technology Inc. for more than $806 million . . . Telecom Italia SpA, Italy's No. 1 phone company, said it will consider merging with its cellular unit, Telecom Italia Mobile SpA, boosting its value by 30 percent.

See expanded coverage in today's Honolulu Star-Bulletin.
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