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The government’s total operating revenue and expenditure received as of April 25, 2018 has come in higher than estimated, according to the Pre-election Economic and Fiscal Update (PEFU) 2017/18.
The Cook Islands’ narrow economic base plus the country’s infrastructure shortcomings, an absence of monetary policy flexibility, and information deficiencies, particularly in the external accounts, could weaken the country’s credit quality.
Managing director of Explore.com, Brett Baudinet, says his company’s recent tourism awards are a testament to their hard work and commitment to the industry.
The government is anticipating an increase in old-age pension payments as 15 per cent of the Cook Islands workforce is heading for retirement age in the next nine years.
Cook Islands Tourism Corporation chairman Ewan Smith made a stirring speech at Friday night’s Air New Zealand Cook Islands Tourism awards, praising government for its commitment to the industry, while also making a call to action.
A prominent figure in the tourism industry says growth in tourism has been a catalyst for the current shortage of long-term rental accommodation on Rarotonga.
The tourism industry will tonight celebrate excellence and outstanding performance with the announcement of the winners of the 2018 Air New Zealand Cook Islands Tourism Awards.