Economy

Smarts needed to save petrol costs

Saturday 5 January 2013 | Published in Economy

While renewable energy initiatives are popular both regionally and worldwide, for Pacific Island countries and territories, the reality is that fossil fuel is still essential for meeting energy needs.

Economy

New drum beats at Pasifika

Friday 4 January 2013 | Published in Economy

One of New Zealand’s most prominent Pacific creative talents and producers, Stan Wolfgramm, is the new producer of Auckland’s renowned Pasifika Festival.

Economy

Snowbird Laundry changing ownership

Saturday 29 December 2012 | Published in Economy

Two months after a fire ravaged the main site of the business, Snowbird Laundry is in the process of changing ownership.

Economy

Closing shop on 2012

Saturday 29 December 2012 | Published in Economy

When economies experience slow to no growth they look towards economic or infrastructure development activities to shift their growth levels north.

Economy

Reef Shipping taken over by US company

Friday 28 December 2012 | Published in Economy

Auckland’s Reef Shipping, which went into receivership last month, has been bought by a leading American carrier, Matson.

Economy

Huge jump in operating balance

Thursday 27 December 2012 | Published in Economy

The government’s operating balance has increased hugely from $98,000 to $970,000, announced Finance Minister Mark Brown at a press conference for the release of the half year economic and fiscal update for 2012-2013.

Economy

Minimum wage expected to increase

Monday 24 December 2012 | Published in Economy

Finance Minister Mark Brown said there has been much talk of increasing the minimum wage and this is likely to happen soon.

Economy

Pacific Resorts to expand through Pacific

Saturday 22 December 2012 | Published in Economy

Cook Islands-based Pacific Resort Hotel Group is looking to expand – with up to 10 properties across the region.

Economy

Brown saw conflict of interest and acted

Friday 21 December 2012 | Published in Economy

The Financial Services Development Authority Amendment Bill was passed into Cook Islands law last week.

Economy

PM has 7 questions left to answer

Thursday 20 December 2012 | Published in Economy

The prime Minister and Deputy Prime Minister have eight questions on shipping and renewable energy left over from the parliamentary order paper that must be answered to the public.

Economy

Doomsday questioned

Thursday 20 December 2012 | Published in Economy

A comet crashing into Earth or a super volcano erupting – tomorrow could bring a large global catastrophe. But Cook Islanders certainly aren’t buying it.

Economy

$2.4m tax on shareholder's dividend

Wednesday 19 December 2012 | Published in Economy

The unexpected windfall of $2.4 million in withholding tax was not from an errant taxpayer – rather from a business that paid out a dividend to an overseas shareholder.

Economy

Accommodators to provide water safety advice

Wednesday 19 December 2012 | Published in Economy

The Cook Islands Tourism Industry Council encourages accommodation providers to display swimming safety messages and dispense advice to guests to help prevent visitors from drowning in Cook Islands’ deceptively safe waters.

Economy

Brown first to answer questions

Tuesday 18 December 2012 | Published in Economy

Finance minister Mark Brown has provided responses to the five written questions he was asked by Teenui-Mapumai MP Norman George when parliament began sitting on November 8.

Economy

Runner up thrilled

Tuesday 18 December 2012 | Published in Economy

Miss South Pacific runner up Kate Ngatokorua says placing in the top two of the pageant surpassed her own expectations.

Economy

Showcase invitation

Tuesday 18 December 2012 | Published in Economy

Companies stocking products and produce with a Pacific flavour are being encouraged to sell them at a Pacific-focused trade event launching on February 2, 2013.

Economy

World Bank membership windfall

Saturday 15 December 2012 | Published in Economy

Mitiaro MP Tangata Vavia asked agriculture Minister Nandi Glassie why the Cooks haven’t got a large agricultural grant from the World Bank like Samoa.

Economy

Withholding tax nets $3.3m

Wednesday 12 December 2012 | Published in Economy

Finance minister Mark Brown was asked in parliament on Monday whether he would keep his promise to abolish withholding tax after it had been in place for two years – but how much does the controversial tax actually bring into government coffers?

Economy

Withholding tax to go

Wednesday 12 December 2012 | Published in Economy

Minister of Finance Mark Brown said he would keep his promise to abolish the withholding tax in October next year.

Economy

Amnesty for tax suggested

Wednesday 12 December 2012 | Published in Economy

Opposition leader Wilkie Rasmussen asked finance minister Mark Brown in parliament yesterday whether he would consider an amnesty period for those struggling to pay their tax.

Economy

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