Economy
Historic Tuna management procedure adopted
Tuesday 6 December 2022 | Written by Supplied | Published in Business, Economy, Environment, National
A management procedure was adopted at the 19th Regular Session of the Western and Central Pacific Fisheries Commission in Da Nang, Vietnam over the weekend but one NGO says it’s “disheartening” the agreement is non-binding.
Navigating new opportunities for Cook Islands tourism
Saturday 3 December 2022 | Written by Matthew Littlewood | Published in Business, Economy, National, Tourism
The announcement of direct flights between the Cook Islands and Honolulu and Cook Islands and Sydney has been welcome news for tourism operators wondering what their future held.
Aloha! Direct Honolulu flights to give Cook Islands access to US market
Thursday 1 December 2022 | Written by Matthew Littlewood | Published in Business, Economy, National, Tourism
Direct flights between the Cook Islands and Honolulu will begin in May next year.
‘Christmas has come early’: Direct flights from Sydney to Rarotonga set to return
Thursday 1 December 2022 | Written by Matthew Littlewood | Published in Business, Economy, National, Tourism
The Cook Islands Government has signed a new partnership with Jetstar, bringing direct flights between Sydney and Rarotonga.
Innovative new trust product features at STEP Asia 2022
Tuesday 29 November 2022 | Written by Supplied | Published in Business, Economy, National
The new Cook Islands International Relationship Property Trust (IRPT) recently featured at the prestigious STEP ASIA 2022 Conference in Singapore.
Final defects programme to ‘complete’ multi-million dollar Te Mato Vai project
Tuesday 29 November 2022 | Written by Matthew Littlewood | Published in Business, Economy, Local, National
The final defects programme for the Rarotonga water project should be completed in December, bringing an end to the “nearly” $90 million project.
Cooks economy teetering as New Zealand nosedives
Monday 28 November 2022 | Written by Al Williams | Published in Economy, National
Inflation remains the largest source of pressure for most people in the Cook Islands, as growth in food and energy prices in particular have been high and hard to avoid.
Sydney flights on the horizon
Monday 28 November 2022 | Written by CI News Staff | Published in Business, Economy, National, Tourism
Cook Islands tourism sector is set to receive a timely boost with the return of direct flights to and from Australia.
Petrol prices drop but consumers urged to remain wary
Friday 25 November 2022 | Written by Matthew Littlewood | Published in Economy, Editor's Pick, National
Petrol prices will decrease from today by about 10 per cent, but the Price Tribunal chairman Louis Enoka is urging consumers not to get too far ahead of themselves.
Phony Cook Islands bond ‘offer’ rears its head again
Thursday 24 November 2022 | Written by Matthew Littlewood | Published in Economy, Local, National
Cook Islands authorities are embarrassed by the re-emergence of a phony bond scheme purporting to be from the Government.
‘Significant investment’ in low latency data route
Wednesday 23 November 2022 | Written by Caleb Fotheringham | Published in Business, Economy, National, Technology
The Avaroa Cable has made a ‘significant investment’ by buying capacity on a route that promises better internet connectivity.
Struggling during the down time
Saturday 19 November 2022 | Written by Matthew Littlewood | Published in Business, Economy, National
Tourism operators are likely to go into hibernation over the long summer period as they struggle with the relative lack of flights and visitors. Matthew Littlewood talks to those in the industry about the outlook.
PM calls for more climate funding
Friday 18 November 2022 | Written by Matthew Littlewood | Published in Economy, Environment, National
Prime Minister Mark Brown says funding for smaller nations affected by climate change must be accelerated.
‘Better than expected’: Govt economist paints optimistic picture
Friday 18 November 2022 | Written by Matthew Littlewood | Published in Economy, National
The Cook Islands economic forecast for the coming months is not as dire as some expected, according to the Ministry of Finance and Economic Management.
Industry considers reducing work hours in ‘quiet’ period
Thursday 17 November 2022 | Written by Matthew Littlewood | Published in Economy, Local, National
Tourism operators are prepared for an uncertain outlook over the coming months, with more flights unlikely to be in the pipeline for some time.
Tourism organisations to be updated on economic outlook
Wednesday 16 November 2022 | Written by Matthew Littlewood | Published in Economy, National
The Cook Islands Tourism Corporation is hosting a state of tourism update this morning with speakers from across the industry contributing.
Flights down by 30 per cent from peak as tourist operators prepare for ‘graveyard month’
Friday 11 November 2022 | Written by Matthew Littlewood | Published in Business, Economy, National, Tourism
Rarotonga-bound flights and seat numbers could be down by more than 30 per cent on pre-Covid-19 times during the December to March period.
‘Communities will decide how tourism is run’
Friday 11 November 2022 | Written by Caleb Fotheringham | Published in Business, Economy, National
Communities are going to decide how tourism is run, just look at Hawaii, says New Zealand Māori Tourism chief executive Pania Tyson-Nathan.
Uncertainty around Cook Islands home loan rates as inflation bites
Friday 11 November 2022 | Written by Caleb Fotheringham | Published in Economy, National
A leading Cook Islands banker has avoided question on whether interest rates here will drop further as skyrocketing inflation hits foreign markets.
Cook Islands PM calls out other nations at climate conference
Wednesday 9 November 2022 | Written by Matthew Littlewood | Published in Economy, Environment, National, Regional
Cook Islands Prime Minister Mark Brown has called on the larger countries to fulfill their climate obligations, and reiterated his support for sustainable deep-sea mining as the 27th annual United Nations Climate Change Conference (COP 27) gets underway in Egypt.
