Economy
Govt operating position improves
Monday 30 April 2018 | Written by Rashneel Kumar | Published in Economy
The government’s total operating revenue and expenditure received as of April 25, 2018 has come in higher than estimated, according to the Pre-election Economic and Fiscal Update (PEFU) 2017/18.
Credit report warns of issues
Monday 30 April 2018 | Written by Rashneel Kumar | Published in Economy
The Cook Islands’ narrow economic base plus the country’s infrastructure shortcomings, an absence of monetary policy flexibility, and information deficiencies, particularly in the external accounts, could weaken the country’s credit quality.
Tourism Award win is testament to hard work
Friday 27 April 2018 | Written by Rashneel Kumar | Published in Economy
Managing director of Explore.com, Brett Baudinet, says his company’s recent tourism awards are a testament to their hard work and commitment to the industry.
Ageing population sees pension payments rise
Friday 27 April 2018 | Written by Rashneel Kumar | Published in Economy
The government is anticipating an increase in old-age pension payments as 15 per cent of the Cook Islands workforce is heading for retirement age in the next nine years.
Praise for success comes with warning
Tuesday 24 April 2018 | Published in Economy
Cook Islands Tourism Corporation chairman Ewan Smith made a stirring speech at Friday night’s Air New Zealand Cook Islands Tourism awards, praising government for its commitment to the industry, while also making a call to action.
Waterfall fee takes its toll on visitors
Monday 23 April 2018 | Published in Economy
I read the letter regarding the road toll at the falls.
Rental shortage bites
Monday 23 April 2018 | Published in Economy
A prominent figure in the tourism industry says growth in tourism has been a catalyst for the current shortage of long-term rental accommodation on Rarotonga.
It's tourism's big night!
Friday 20 April 2018 | Published in Economy
The tourism industry will tonight celebrate excellence and outstanding performance with the announcement of the winners of the 2018 Air New Zealand Cook Islands Tourism Awards.
Bluesky supports tourism awards
Wednesday 18 April 2018 | Written by Rashneel Kumar | Published in Economy
Bluesky Cook Islands is continuing with its support and sponsorship for the biennial Air New Zealand Cook Islands Tourism Awards.
More funding to go round
Monday 16 April 2018 | Published in Economy
Registered Civil Society organisations have been invited by the Social Impact Fund (SIF) to appeal for project funding in six designated priority areas.
Cook Islands at Indigenous Tourism Summit
Monday 16 April 2018 | Published in Economy
Cook Islander Ani Katu is representing the nation at the current World Indigenous Tourism Summit 2018, hosted by New Zealand Maori Tourism in conjunction with the World Indigenous Tourism Alliance (WINTA).
Govt confirms shipping subsidy
Monday 16 April 2018 | Written by Rashneel Kumar | Published in Economy
The government has confirmed the availability of a shipping subsidy for vessels servicing the northern group islands, with the first subsidised voyage having taken place earlier this month.
Cook Islands economy strongest in South Pacific
Monday 16 April 2018 | Published in Economy
A recent report released by the Asian Development Bank has indicated that the Cook Islands economy continues to be the strongest performing in the South Pacific.
Cook Islands can compete internationally
Tuesday 10 April 2018 | Published in Economy
Pacific Trade Invest Australia (PTI) says the Cook Islands has the capability to compete in the international marketplace.
Airbnb market grows massively
Friday 6 April 2018 | Written by Rashneel Kumar | Published in Economy
The Airbnb (AirBed and Breakfast) market in the Cook Islands recorded a growth of 134 per cent last year.
Fast-track work permit programme extended
Wednesday 4 April 2018 | Published in Economy
A pilot programme fast-tracking work permits for New Zealand passport holders willing to work in the Cook Islands on a short-term basis has been extended for another year, and will also be opened up to Australian passport holders.
Orr takes reins at NZ Reserve Bank
Tuesday 27 March 2018 | Published in Economy
Adrian Orr yesterday stepped into the top job at the Reserve Bank of New Zealand (RBNZ) as its new governor.
Visitor arrivals recover in February
Saturday 24 March 2018 | Written by Jaimie Keay | Published in Economy
The tourism industry made a quick recovery in visitor arrival figures last month after posting a decline in January this year.
Chamber welcomes Maori business opportunities
Saturday 24 March 2018 | Written by Rashneel Kumar | Published in Economy
The Chamber of Commerce welcomes the opportunity for New Zealand’s Federation of Maori Authorities (FOMA) and Cook Islands representatives to discuss furthering business opportunities.
Weaker US dollar means cheaper LPG
Wednesday 21 March 2018 | Published in Economy
The Price Tribunal has issued a new price order for Rarotonga and all islands reflecting new prices for petrol, diesel and LPG.