Reported by Star-Bulletin staff & wire
Friday, April 18, 1997
First Hawaiian Inc. named former Pioneer Federal Savings Bank Chief Executive Officer Lily Yao as vice chairwoman of First Hawaiian Bank, making her the first woman to hold the vice chair position in the firm's 139-year history. First Hawaiian picks Yao
as first vice chairwomanThe company yesterday also named Hawaii Dental Service Chief Executive Wesley Park and Royal Contracting Co. President David Hulihee to its board of directors. The board seats are newly created positions.
Yao, who has headed Pioneer since 1984, will be responsible for government relations, community affairs and business development in Taiwan, Hong Kong and China. The company does not operate branches on those regions.
Yao led Pioneer Fed when First Hawaiian acquired the savings and loan in 1993. This weekend, Pioneer will be merged into First Hawaiian.
A California company has signed two Hawaii Internet service providers for a system that allows travelers to dial up their Internet accounts with a local telephone call from major cities anywhere in the world. Two local 'Net providers
hook up with Calif. firmLavaNet Inc. of Honolulu and Maui Gateway are now connected to i-Pass Alliance Inc., which says it provides access from more than 1,000 points in more than 150 countries. Customers of subscribing Internet service providers get software and an international directory that allows them to use their user names and passwords and their Internet accounts to access the system from just about anywhere, said Mountain View, Calif.-based i-Pass.
WASHINGTON -- Red-faced, a government official late yesterday announced a rather monumental blunder. The trade deficit for February was actually $1.2 billion smaller than had been reported eight hours earlier. Instead of a deficit of $11.6 billion, the actual deficit was $10.4 billion. Government goofs when
compiling trade deficit"The error is large and it is unprecedented," said Commerce Undersecretary Everett Ehrlich. The Customs Service, which collects the raw data on trade flows, had supplied incorrect data to the Census Bureau, the Commerce agency that prepares the trade reports.