Economy

Govt confirms shipping subsidy

Monday April 16, 2018

The government has confirmed the availability of a shipping subsidy for vessels servicing the northern group islands, with the first subsidised voyage having taken place earlier this month.

A recent report released by the Asian Development Bank has indicated that the Cook Islands economy continues to be the strongest performing in the South Pacific.

Pacific Trade Invest Australia (PTI) says the Cook Islands has the capability to compete in the international marketplace.

Airbnb market grows massively

Friday April 06, 2018

The Airbnb (AirBed and Breakfast) market in the Cook Islands recorded a growth of 134 per cent last year.

A pilot programme fast-tracking work permits for New Zealand passport holders willing to work in the Cook Islands on a short-term basis has been extended for another year, and will also be opened up to Australian passport holders.

Adrian Orr yesterday stepped into the top job at the Reserve Bank of New Zealand (RBNZ) as its new governor.

The tourism industry made a quick recovery in visitor arrival figures last month after posting a decline in January this year.

The Chamber of Commerce welcomes the opportunity for New Zealand’s Federation of Maori Authorities (FOMA) and Cook Islands representatives to discuss furthering business opportunities.

Weaker US dollar means cheaper LPG

Wednesday March 21, 2018

The Price Tribunal has issued a new price order for Rarotonga and all islands reflecting new prices for petrol, diesel and LPG.

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