Economy
Rating shows Cook Islands a good global citzen
Friday 27 July 2018 | Published in Economy
The Cook Islands has been rated top in the world for technical compliance, following an Anti-Money Laundering/Countering the Financing of Terrorism Mutual Evaluation review.
$170,000 allocated to 12 organisations
Monday 2 July 2018 | Published in Economy
Twelve non-governmental and civil society organisations have been allocated $169,250 from the Social Impact Fund (SIF), to help them carry out projects focused on vulnerable groups within the Cook Islands community, including one in Mitiaro and two in Aitutaki.
Budget process vital in project planning
Tuesday 26 June 2018 | Written by Rashneel Kumar | Published in Economy
The government has to follow an established budget process before giving the green light to infrastructure projects, says the economic policy advisor at the Ministry of Finance & Economic Management (MFEM), Natalie Cooke.
Infrastructure update for tourism industry
Friday 22 June 2018 | Written by Rashneel Kumar | Published in Economy
Members of the Cook Islands tourism industry got a timely update on the infrastructure projects being undertaken by the government at the Global Breakfast Update yesterday.
Tourism update set for Thursday
Tuesday 19 June 2018 | Published in Economy
Cook Islands Tourism will host a Global Breakfast Update (GBU) this Thursday at the Rarotongan Resort and Spa, starting at 8.30am.
Majority against tourist limit
Thursday 14 June 2018 | Written by Rashneel Kumar | Published in Economy
Fifty per cent of Cook Islanders are against the idea of putting a cap on the number of tourists visiting the country.
Beddoes happy with forum results
Saturday 2 June 2018 | Written by Rashneel Kumar | Published in Economy
Damien Beddoes, the chairman of the Pacific Islands Investment Forum (PIIF) board, is delighted with the outcomes of the meeting for chief executive officers (CEOs) held earlier this week at the National Auditorium.
Water charge for 'excessive' use only
Friday 1 June 2018 | Written by CI News Staff | Published in Economy, Local, National
Finance minister Mark Brown is defending the introduction of tariffs for domestic and commercial water users, saying the measures are only intended to encourage water conservation and reduce water wastage on Rarotonga.
Cruise ship passengers enjoy Rarotonga
Thursday 31 May 2018 | Written by Rashneel Kumar | Published in Economy
Despite high swells, the passengers from luxury cruise ship Paul Gauguin managed to come ashore safely for a daylong tour around Rarotonga yesterday.
Forum helpful for super fund
Wednesday 30 May 2018 | Written by Rashneel Kumar | Published in Economy
The small size of both the Cook Islands National Superannuation Fund (CINSF) fund and the population of this country, pose a massive challenge to the CINSF in looking after the interests of its members, says CINSF chairman Heinz Matysik.
Blogger comment draws flak
Thursday 24 May 2018 | Published in Economy
A “belittling” remark in a blog written by a Forbes magazine contributor in the US and used in a story in CINews on Saturday, obscures the real progress that the Cook Islands financial services industry has made since it pioneered the modern asset protection trust in the 1980s, says Cook Islands Financial Services Development Authority chief executive, Tamatoa Jonassen.
Tourism encourages workshop participation
Wednesday 23 May 2018 | Written by Rashneel Kumar | Published in Economy
The Cook Islands Tourism Corporation has said it intends on reaching out and supporting direct digital channels for the benefit of the private sector.
Minimum wage to increase to $7.25
Wednesday 23 May 2018 | Published in Economy
The government has announced a 25-cent increase to the minimum wage.
Plan worth $120 million a year, says Tepaki
Tuesday 22 May 2018 | Published in Economy
Merchant of Paradise developer Tim Tepaki says the “Paradise Prosperity Plan” for development of the outer islands, which he plans to reveal next week, will yield an after-tax operational profit of more than $120 million a year.
Workshop helps business owners
Tuesday 22 May 2018 | Written by Rashneel Kumar | Published in Economy
Increasing the knowledge and skills of local business owners will be the key focus at Thursday’s workshop on business capability building.
Tepaki to unveil tourism-led 'prosperity plan'
Monday 21 May 2018 | Published in Economy
Developers Merchant of Paradise will next week unveil a 5-star signature “tourism-led” Paradise Prosperity Plan (PPP), for developing the Pa Enua, says director Tim Tepaki.
Petrol up by 4 cents a litre
Monday 21 May 2018 | Published in Economy
Petrol and LPG prices have increased by four cents a unit on Rarotonga and the outer islands, excluding Aitutaki.
Country labelled 'debtor's haven'
Monday 21 May 2018 | Published in Economy
A convoluted legal saga involving a Cook Islands trust has recently been reported on in the US, invoking a description of the Cook Islands as “a unique debtor’s haven”.
Praise for Tourism Awards sponsors
Monday 14 May 2018 | Published in Economy
The sponsors of the 2018 Air New Zealand Cook Islands Tourism Awards have been commended by Tourism Industry Council president Sue Fletcher-Vea for making this year’s event an outstanding success.
Expedia team presenting at GBU
Monday 14 May 2018 | Published in Economy
The Expedia Group Lodging team will be joining the Cook Islands Tourism Global Breakfast Update (GBU) tomorrow in Rarotonga.