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The Honolulu Advertiser
Posted on: Tuesday, January 31, 2006

BUSINESS BRIEFS
Kaka'ako group to present plan

Advertiser Staff

Members of Save Our Kaka'ako are scheduled to update state officials tomorrow on the group's unsolicited proposal to develop part of the Kaka'ako peninsula.

The group will make a presentation at the Hawai'i Community Development Authority's 9 a.m. board meeting at 677 Ala Moana, Suite 1000. A copy of the plan is available at www.kewalo.org/kakaakoplan011606.pdf.

The agency isn't allowed to consider the Save Our Kaka'ako plan unless it rejects plans it received last year in response to a request for proposals.

In September, the agency tentatively selected a plan by Alexander & Baldwin Inc. and is discussing terms.


BANK EXECUTIVE RETIRES IN MARCH

Central Pacific Financial Corp. said chief operating officer Neal Kanda will retire at the end of March.

Kanda, 57, also will step down as president and director of the bank holding company.

Central Pacific chief executive officer Clint Arnoldus will add the job of president to his list of titles and chief financial officer Dean Hirata will take over some of Kanda's responsibilities.

The moves come after Central Pacific acquired CB Bancshares Inc. in September 2004.


NOMINATIONS OPEN FOR TORCH

The Better Business Bureau of Hawaii is accepting nominations for its 2006 Torch Awards for Business Ethics.

The annual award program honors several businesses or individuals statewide each year that demonstrate "high ethical standards and exemplify excellence in business practices."

Get nomination guidelines at www.hawaii.bbb.org or by calling 536-6956 or (877) 222-6551 from the Neighbor Islands. The deadline for nominations is Feb. 7.


WAL-MART OPENS IN MANANA TODAY

Wal-Mart's new Manana store adjacent to Pearl Highlands Center is scheduled to open at 9 a.m. today, an hour later than previously planned.

The 147,979-square-foot store, at 1131 Kuala St., will operate 24 hours a day with a typical mix of Wal-Mart merchandise and a McDonald's restaurant, pharmacy, American Savings Bank, photo lab, portrait studio and vision center. A Hawaiian blessing and opening ceremony are scheduled for 8:30 a.m.