Economy
Plans to halve pay at airport
Friday 17 April 2020 | Written by Rashneel Kumar | Published in Economy
The government’s airport workers face a massive pay cut.
Economist: 'The earth breathes again'
Thursday 16 April 2020 | Written by Rashneel Kumar | Published in Economy
Families are building blocks of recovery, but they’re ‘not how they used to be’.
$250m required in stimulus, says ANZ
Tuesday 14 April 2020 | Written by Rashneel Kumar | Published in Economy
Government has a maximum additional headroom of about $65 million of debt, prompting warning.
Glimmers of hope for tourism industry
Saturday 11 April 2020 | Written by Jonathan Milne | Published in Economy
As Covid-19 halts all international travel until further notice, a Tahitian passenger-cargo ship company is offering a positive future forecast for devastated global tourism industry.
Renters' market: Landlords forced to cut asking prices
Saturday 11 April 2020 | Written by Losirene Lacanivalu | Published in Economy
The notoriously expensive Cook Islands home rentals market has been turned on its head, as workers and tourists leave.
924 workers get wage subsidy
Thursday 9 April 2020 | Written by Rashneel Kumar | Published in Economy
Government has processed $1.7 million from its Covid-19 economic response package to businesses and workers.
Tourism hopes pinned on staying clear of Covid-19
Thursday 9 April 2020 | Written by Rashneel Kumar | Published in Economy
Business community sees ‘glimmer of hope’ despite chilling bank forecast.
Air NZ is to continue one last weekly flight.
Tuesday 7 April 2020 | Written by Losirene Lacanivalu | Published in Economy
Air New Zealand has now cut back its Auckland-Rarotonga flights to just one a week – but the governments of both countries expect the airline to maintain that last connection.
Seeds of hope: Support package for growers welcomed
Monday 6 April 2020 | Written by Jonathan Milne | Published in Economy
Government support for growers and home gardeners provides first plan for food security and vision for new export revenues.
The Islander group cuts to 53 core staff
Saturday 4 April 2020 | Written by Rashneel Kumar | Published in Economy
One of the leading tourism businesses in the country is running special deals on meals to clear their stock.
Downturn at least 6 to 9 months, says govt
Saturday 4 April 2020 | Written by Jonathan Milne | Published in Economy
Finance Minister Mark Brown has spoken candidly about the long months ahead.
China draws on bitter experience to aid Cooks
Friday 3 April 2020 | Written by Rashneel Kumar | Published in Economy
Covid-19 is our ‘common enemy’, says Ambassador.
Costs go up but no more pay
Friday 3 April 2020 | Written by Jonathan Milne | Published in Economy
Government asks landlords to cut rents for families who are hurting in the Covid-19 downturn.
Brown: Country hit by 'economic tsunami'
Thursday 2 April 2020 | Written by Losirene Lacanivalu | Published in Economy
Businesses are relying on government to prop them up – but the finance minister says the money will last only six months.
'We don't know how long this will last' –Brown
Wednesday 1 April 2020 | Written by Legacy Author | Published in Economy
Finance Minister Mark Brown has announced wage subsidy payments will begin from the week of the April 6, as government mounts a fightback against the Covid-19 downturn.
Tough calls: Saving money to save lives
Tuesday 31 March 2020 | Written by Rashneel Kumar | Published in Economy
Government reveals the cost-cutting that is helping to pay for the coronavirus economic response package.
Financial lifeline to growers
Monday 30 March 2020 | Written by Melina Etches | Published in Economy
Vital financial support given to farmers and growers in unprecedented times of need due to Covid-19 pandemic.
Immigration Bill select committee receive extended time
Monday 30 March 2020 | Written by Rashneel Kumar | Published in Economy
The select committee looking into the Immigration Bill 2020 has been given extended time to report back to Parliament, due to the coronavirus crisis.
'Be kind' – PM's message as details of economic support announced
Friday 27 March 2020 | Written by Jonathan Milne | Published in Economy
Companies whose revenue has declined 30 per cent or more will be entitled to claim wage subsidies for their workers, from next Wednesday.
NZ tops up stimulus spending with $7m
Thursday 26 March 2020 | Written by Jonathan Milne | Published in Economy
Parliament signs off first half of stimulus package, with balance to come in June Budget.