Economy

Gross turnover fuelled by consumers, tourism

Wednesday 2 July 2014 | Published in Economy

New statistics show gross turnover for all industries in the Cook Islands rose by just over $10 million between the March quarters last year and this year.

Economy


Fisheries co-operation model for globe

Saturday 28 June 2014 | Published in Economy

A Pacific model including the Cook Islands involving regional cooperating on a number of fisheries issues such as sustainability, maintaining the livelihoods of local fishers, and monitoring the global industry can be replicated in other parts of the world, says the United Nations.

Economy


Pension tax legal, but...

Saturday 28 June 2014 | Published in Economy

Disputes over the legality of the Government’s deduction of taxes on local old age pension payments has resulted in a police complaint against the Secretary of the Ministry of Finance and Economic Management.

Economy


Ponia at Tokelau ministers meet

Friday 27 June 2014 | Published in Economy

Management of fisheries will be the focus of next week’s Pacific Islands ministerial meeting in Tokelau.

Economy


Second term for seabed advisor

Thursday 26 June 2014 | Published in Economy

The Cook Islands has just been funded by the Commonwealth Secretariat for a second two-year term of service with the Cook Islands Seabed Minerals Authority by minerals expert Darryl Thorburn.

Economy


No more departure tax for cruise ships

Monday 23 June 2014 | Published in Economy

Passengers on cruise vessels in the Cook Islands are now exempt from paying departure tax, following changes to the Departure Tax Regulations being passed by the Executive Council last week.

Economy


Regional fishing fee increase could benefit Cooks

Friday 20 June 2014 | Published in Economy

A drive by a group of Pacific Island states to increase fishing fees could lead to a future boost in revenue for the local fishery, says the head of the Ministry of Marine Resources (MMR).

Economy


Superannuation decision reserved

Monday 16 June 2014 | Published in Economy

Court of Appeal judges have reserved judgement in the Crown’s appeal of a recent High Court decision regarding the constitutionality of the Cook Islands National Superannuation Fund.

Economy

Beddoes picked to lead Super Fund

Thursday 12 June 2014 | Published in Economy

Telecom’s Damien Beddoes has been appointed as the new chief executive of the Cook Islands National Superannuation Fund.

Economy


Superfund appeal decision Friday?

Tuesday 10 June 2014 | Published in Economy

Arguments began to be heard yesterday as part of the Crown’s appeal of a recent High Court decision that declared the Cook Islands Superannuation Fund’s legislation as unconstitutional.

Economy

No bailout needed for Cook Islands

Monday 9 June 2014 | Published in Economy

Financial bailouts from New Zealand will not be needed to pay down the country’s debt obligations, says a government official.

Economy


Govt posts deficit in third quarter

Thursday 5 June 2014 | Published in Economy

The Government has reported a $1.6 million deficit in its overall fiscal balance for the latest financial quarter.

Economy

Data alert apps available: Telecom

Thursday 29 May 2014 | Published in Economy

Telecom Cook Islands says its customers have hundreds of mobile phone applications to choose from if they want to monitor their personal data use.

Economy


Invest to slow depopulation: Economist

Thursday 29 May 2014 | Published in Economy

Cook Islanders will not stop leaving the country to live overseas until the government decides to start funding industry in the outer islands, says economist Vaine Wichman.

Economy


Price jump follows VAT rise

Saturday 17 May 2014 | Published in Economy

Some local businesses have used last month’s Value Added Tax increase as an opportunity to hike their prices more than expected, says the Price Tribunal.

Economy


Seabed minerals worth 'vast amount'

Thursday 15 May 2014 | Published in Economy

Mining of deep sea minerals in the Cook Islands could provide an economic return which is at least equivalent to the tourism industry, says a government advisor.

Economy


More than $111,000 on MP travel

Saturday 10 May 2014 | Published in Economy

More than $111,000 of public money has been spent on travel for Members of Parliament in the current financial year.

Economy


Economics of governing: Wichman

Saturday 10 May 2014 | Published in Economy

When the first outside contact came to our islands, they surveyed from their ships and found natural openings in the reef that would later become deep water harbours as entry points and access to the resources and bounty of the land and sea.

Economy


Australian Aid looks to private sector

Wednesday 7 May 2014 | Published in Economy

Australia’s evolving foreign aid programme would like to see more emphasis on the private sector to promote economic growth in developing countries, says a member of the nation’s Senate.

Economy


Offshore industry among most 'secretive'

Monday 5 May 2014 | Published in Economy

The Cook Islands is being described by an international tax advocacy group as one of the world’s most secretive financial centres.

Economy


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