Economy
New 777 aircraft to boost tourism
Monday 10 November 2014 | Published in Economy
Tourism continues to be the key to Cook Islands economic success, with the recent Budget highlighting its importance.
Putting money away for a rainy day
Thursday 6 November 2014 | Published in Economy
The Governments of Samoa, Tonga, Cook Islands, Vanuatu and the Marshall Islands have called for an extension to the Pacific Catastrophe Risk Insurance Pilot (PCRIP), which was renewed for its third term on November 1st 2014.
HSBC Cook Islands branch closing doors
Thursday 6 November 2014 | Published in Economy
Job losses could face local employees as HSBC announces plans to close the doors on the Cook Islands branch.
NZ endorses more flexible pensions
Wednesday 5 November 2014 | Published in Economy
NZ endorses more flexible pensionsPlans for greater flexibility for people to move to the Cook Islands and receive New Zealand Superannuation or Veteran’s fund is being welcomed by the New Zealand Government.
$800k to repair Chinese-built buildings
Tuesday 4 November 2014 | Published in Economy
LEAKING, RUSTING, and falling apart – the Courthouse, National Police Headquarters and Telecom Sports Arena built with loans from China are set to be repaired with $800,000 from the latest budget.
$40 million bid to resurrect Sheraton
Monday 3 November 2014 | Published in Economy
Two New Zealand companies have submitted a $40 million plan to restore an infamous resort once linked to the mafia and subject to a local curse.
$1.15million boost for pearl industry
Monday 3 November 2014 | Published in Economy
TMV officials discuss test results
Saturday 1 November 2014 | Published in Economy
Five kilometres of ring mains piping laid down by the Chinese Civil Engineering and Construction Company (CCECC) has been pressure tested and received a passing grade.
Govt outlines $224m in spending
Friday 31 October 2014 | Published in Economy
Additional details of the budget were released yesterday by the Government in a series of meetings.
CCECC: allegations 'incorrect'
Friday 31 October 2014 | Published in Economy
The China Civil Engineering Construction Corporation (CCECC)has hit back at allegations that its work on the Rarotonga’s ring mains not being up to accepted international standards.
Employment contract review changed
Thursday 30 October 2014 | Published in Economy
From November 1, the Ministry of Internal Affairs will no longer be required to check employment contracts before it issues a foreign worker’s permit.
Delegation explore local investment
Thursday 30 October 2014 | Published in Economy
The Ministry of Marine Resources is hosting a delegation from the People’s Republic of China headed by Mayor of Zhoushan City, Zhou Jiangyong.
Brown reveals budget details
Thursday 30 October 2014 | Published in Economy
Finance Minister Mark Brown provided details of the Government’s 2014-15 budget during a speech made in Parliament yesterday.
Govt lower standards for Te Mato Vai
Thursday 30 October 2014 | Published in Economy
The Government reduced its testing standards for the Te Mato Vai infrastructure project, in comparison to a similar project completed in Rarotonga.
Te Mato Vai work sub-standard?
Wednesday 29 October 2014 | Published in Economy
Ring mains work not up to international standards: former TMV project engineer
Important Super Fund meeting today
Tuesday 28 October 2014 | Published in Economy
Cook Islands Workers Association president Anthony Turua is urging all members of the Cook Islands National Superannuation Fund (NSF) to attend its general meeting this week.
Record levels for education budget: Government
Saturday 25 October 2014 | Published in Economy
Next week's budget will feature over $14 million in actual spending on education, says the Government, which it describes as “the highest amount ever allocated” for the sector.
TCI share sale process continues
Tuesday 21 October 2014 | Published in Economy
The sale of a majority stake in Telecom Cook Islands has yet to be finalised, with the process described as “ongoing”.
Water tank programme in final stages
Saturday 18 October 2014 | Published in Economy
The Government subsidised water tank programme is entering its closing stages with 1,479 tanks installed to date.
Grey Power mark pension tax victory
Thursday 16 October 2014 | Published in Economy
Members of pensioner activist group Grey Power gathered together to celebrate their lengthy struggle to have back taxes on their New Zealand superannuation cleared by the Government.
