Economy
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.
Lyon on forum sub-committee
Friday 11 May 2018 | Published in Economy
Stephen Lyon has been elected the private sector representative on the Pacific Islands Forum's Specialist Sub-Committee on Regionalism (SSCR).
Country named 'best island' in the Pacific Rim
Thursday 10 May 2018 | Published in Economy
American magazine Global Traveler has named the Cook Islands as the best island in the Pacific Rim, for the third time in as many years.
Resort group appoints new regional manager
Monday 7 May 2018 | Published in Economy
The internal promotion of Ani Thompson to the role of regional general manager delights staff and stakeholders of the leading Cook Islands boutique resort group.
Trade discussions with China 'welcome'
Monday 7 May 2018 | Published in Economy
The Cook Islands would welcome discussions with China on how the two countries could potentially explore developing their own trading relationship, says Queen’s Representative Tom Marsters.
Chinese market proves tricky
Friday 4 May 2018 | Written by Rashneel Kumar | Published in Economy
Various challenges are putting a stumbling block against the Cook Islands Tourism Corporation’s aim to fully tap into the burgeoning Chinese tourist market.
Low govt. debt supports new credit ratings
Tuesday 1 May 2018 | Written by Rashneel Kumar | Published in Economy
The Cook Islands’ moderate per capita income level and relatively low government debt burden support the country’s “B+/B” sovereign credit ratings.
Cook Islands labelled 'cheap' on new list
Tuesday 1 May 2018 | Published in Economy
Cook Islands’ inclusion in a list published by Forbes earlier this year of “the 33 cheapest places to travel in 2018” has prompted some discussion online as to whether or not being labelled “cheap” is actually good publicity for the country.
Kora Pearls sells to Auckland Museum
Monday 30 April 2018 | Published in Economy
Kora Pearls were one of the big beneficiaries of the Auckland Museum purchasing a “carload” of treasures from the Pasifika Business Market at Pasifika Festival last month.
