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Bank South Pacific (BSP) says it is waiting for a few more regulatory approvals before fully acquiring the banking operations of Westpac in Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga for $125 million.
In a bid to reverse depopulation trends in the Cook Islands, the Chamber of Commerce is offering a free workshop for locals wanting to start new businesses.
When you meet bright young Chiavanni Le’Mon, it is hard to believe some people are intimidated by her job.
But the new Ministry of Finance and Economic Management (MFEM) tax advisory officer says she wants people to understand she is here to help with tax education, not debt collection.
Le’Mon has been in the role under the Revenue Management Division (Tax and Customs) since the end of last year, and says there has been some confusion in the community about her role, and apprehension about taxes in general.
The Cook Islands’ Workers Association still stands by their claim that cost of living adjustments (COLA) are essential within private and public sector to cater for a decent, fair, liveable wage.
Business owners will get the opportunity to flourish and grow when the Pacific Business Mentoring Programme returns to Rarotonga next month.
Bank South Pacific have no plans to change current products and services to Westpac Cook Islands when they take over the bank in the middle of this year.