Economy
Pasifika Air looking to spread its wings
Tuesday 5 January 2021 | Written by CI News Staff | Published in Economy, National
Pasifika Air’s website is advertising three flights a week from Wellington and Christchurch to the Cook Islands’ capital Rarotonga.
Covid-19 stimulus package extended
Saturday 2 January 2021 | Written by Katrina Lintonbon | Published in Economy, National
The Cook Islands people continue to be the government’s top priority in 2021 with announcements including extension of the wage subsidy and the expectation that Kiwis will be welcomed back to the country’s shores by March 2021.
Big year for Chamber of Commerce
Thursday 31 December 2020 | Written by Supplied | Published in Economy, National
It was a year of challenges, change and uncertainty, but for the Cook Islands Chamber of Commerce, 2020 was also a year of growth, expansion and breaking new ground.
Ten year economic plan in final stages
Tuesday 29 December 2020 | Written by Emmanuel Samoglou | Published in Economy, National
With the conclusion of a nationwide public consultation process, government will now be looking to put the final touches on a 10-year economic plan that aims to address a range of social and environmental issues and provide a blueprint for economic growth.
One way Cooks-NZ bubble likely in January, government spokesperson says
Saturday 26 December 2020 | Written by Katrina Lintonbon | Published in Economy, National
The arrangement will allow Cook Islanders travelling from Rarotonga to Auckland to not have to undergo 14-days of mandatory quarantine at a managed isolation facility.
Economic update spells gloomy days
Wednesday 23 December 2020 | Written by Emmanuel Samoglou | Published in Economy, National
Estimated economic output for the 2020/2021 financial year has been revised downward as the global Covid-19 pandemic continues to take a toll on the nation’s tourism-dependent economy.
Tuna fishery protections in place for 2021
Wednesday 23 December 2020 | Written by CI News Staff | Published in Economy, National
Cook Islands along with other Pacific Island countries have reached an agreement with distant water fishing nations to secure crucial protection measures for the coming year.
NZ aid to assist private sector
Tuesday 22 December 2020 | Written by Supplied | Published in Economy, National
Cook Islands businesses are set to tap into $6.9 million in New Zealand government aid that aims to support the recovery of the private sector in the Pacific Islands after Covid-19 pandemic.
Covid and tourism in the Pacific
Tuesday 22 December 2020 | Written by Losirene Lacanivalu | Published in Economy, National
Reflecting on a difficult year, Tourism CEO Halatoa Fua says it was fortunate that in the last 10 years the Cook Islands tourism industry had a major boom and was able to establish a reserve fund to cushion the blow from Covid-19.
Asian bank loan provides millions in Covid-19 assistance
Friday 18 December 2020 | Written by Emmanuel Samoglou | Published in Economy, National
The Beijing-based Asian Infrastructure Investment Bank has approved a US$20 million (NZ$28 million) loan to the Cook Islands to meet a cash crunch caused by Covid-19 pandemic.
Government debt load ‘high risk strategy’
Thursday 17 December 2020 | Written by Emmanuel Samoglou | Published in Economy, National
Public debt is expected to climb and exceed an official target as the economy continues to suffer in the absence of tourists, leading one prominent businessman to question the sustainability of government finances.
Flights are getting snapped up in advance of a potential bubble with NZ
Tuesday 15 December 2020 | Written by Katrina Lintonbon | Published in Economy, National
A quarantine-free travel corridor between New Zealand and Cook Islands will open in March next year and Kiwis are rushing to book their holidays.
New airline set for takeoff
Monday 14 December 2020 | Written by Rashneel Kumar | Published in Economy, National
Cook Islands businessman Mike Pero has renamed his new airline Pasifika Air but says serving Rarotonga remains his primary focus.
Quarantine free travel with NZ by end of March, 2021
Saturday 12 December 2020 | Written by Katrina Lintonbon | Published in Economy, Health, National
New Zealand is working at pace to implement quarantine-free travel for Cook Islanders travelling to NZ as the first step in a phased approach to two-way quarantine free travel between the two nations.
Cook Islands and New Zealand agree next steps towards quarantine-free travel
Friday 11 December 2020 | Written by Supplied | Published in Economy, National
Cook Islands and New Zealand governments will confirm the timing for when removal of mandatory quarantine will take effect, next week.
Lights, camera, action!
Thursday 10 December 2020 | Written by Katrina Lintonbon | Published in Economy, National, Technology
A group of passionate film and television experts has established the Cook Islands Film, Television and Video Industry Council to set up the country as a hot movie location.
Tourism to pay tribute to former leader
Thursday 10 December 2020 | Written by Supplied | Published in Economy, Local, National
The Air New Zealand Cook Islands Tourism Awards next week will pay tribute to former Tourism Industry Council president, the late Sue Fletcher-Vea.
Paradise is loading...
Tuesday 8 December 2020 | Written by Supplied | Published in Economy, National
Kiwis are being asked to start planning for their Cook Islands holiday with a new virtual 360 navigation tool.
Rapid survey for Covid assessment
Tuesday 8 December 2020 | Written by Melina Etches | Published in Economy, National
The coronavirus has devastated and changed the world. The unprecedented pandemic has killed more than 1.5 million people, plundered the livelihoods, and devastated the security and normalcy of societies, worldwide.
Shipping subsidies in spotlight
Saturday 5 December 2020 | Written by Emmanuel Samoglou | Published in Economy, National
A shipping company says government will be creating an uneven playing field in the crucial industry of outer islands shipping if it proceeds with paying a subsidy to a rival operator.
