Economy
Public funds misused: Report
Thursday 24 April 2014 | Published in Economy
Poor management of public funds and budget overspending has been cited as a major concern of the Cook Islands Audit Office, according to its latest annual report.
$240,000 lost with licence change
Saturday 19 April 2014 | Published in Economy
Changes to the driving licence rules for visitors could cost the Government around $240,000 a year in lost revenue, says Financial Secretary Richard Neves.
Departure tax change soon?
Thursday 17 April 2014 | Published in Economy
Cruise ships will be allowed to stop over for more than 24 hours without being charged departure tax if a new proposal gets the green light.
Invitation to take export survey
Wednesday 16 April 2014 | Published in Economy
Pacific Islands Trade & Invest have received over 130 responses in its inaugural “Pacific Export Survey”.
Survey shows average spend of cruise visitor
Wednesday 16 April 2014 | Published in Economy
Results of a cruise ship survey carried out in January have offered an early snapshot of the sector’s economic benefits to the Cook Islands.
Govt expects $314,000 surplus
Wednesday 16 April 2014 | Published in Economy
The Government is once again anticipating a surplus for the 2013-14 fiscal year.
Plenty of opportunities for business
Tuesday 15 April 2014 | Published in Economy
Organisers of the South Pacific Tourism Exchange, taking place in Auckland on May 22-23, 2014, say registered buyers and sellers will be provided with top opportunities to do South Pacific business.
Card fraud cases prompt warning
Saturday 12 April 2014 | Published in Economy
Westpac says people with credit and debit cards should be routinely checking their bank balances for any unusual transactions.
Trade and fisheries meeting in Suva
Thursday 10 April 2014 | Published in Economy
Senior Trade and Fisheries Officials from the Pacific ACP states are in Suva, Fiji for a three day meeting.
Government to look at departure tax
Thursday 10 April 2014 | Published in Economy
The Government may look at changing the departure tax law after a cruise ship company’s decision to axe its overnight stopover in Rarotonga.
Govt to set aside debt repayment funds
Wednesday 9 April 2014 | Published in Economy
New legislation coming into force this year will ensure the Government ring fences funds for the purpose of repaying public debt.
Ship shortens visit to avoid tax
Wednesday 9 April 2014 | Published in Economy
A cruise ship has shortened its two-day trip to Rarotonga after finding out its that passengers and crew members would each have to pay a $65 departure tax.
Have your say in first Pacific Export Survey
Monday 7 April 2014 | Published in Economy
Pacific Islands Trade & Invest (PT&I), in collaboration with the Australian Department of Foreign Affairs and Trade, is conducting the first ever Pacific Export Survey.
Telecom shares advertised
Saturday 5 April 2014 | Published in Economy
As expected, Telecom New Zealand has officially advertised its shares in Telecom Cook Islands to locals who may be interested.
Extra TMV funds needed for landowners
Saturday 5 April 2014 | Published in Economy
Additional funds will need to be appropriated if Government is to compensate landowners affected by the Te Mato Vai water infrastructure project.
VAT legislation gets sign off
Friday 4 April 2014 | Published in Economy
Crown Law has ruled the Government passed its Value Added Tax amendment validly and is law.
Graduate researches seabed minerals
Friday 4 April 2014 | Published in Economy
There were no “eureka” moments for graduate James Davies, who has spent weeks in Rarotonga 'mining' seabed mineral data – but he did find mineral price sensitivity is more important to overall profitability of seabed mining than first thought.
Govt holds tight to Telecom shares
Friday 4 April 2014 | Published in Economy
The Government will not be selling any of its stake in Telecom Cook Islands to global player Digicel, says Mark Brown.
VAT increase sees Demos walk out
Tuesday 1 April 2014 | Published in Economy
Legislation to increase Value Added Tax (VAT) from 12.5 to 15 per cent was passed yesterday during a raucous opening day of Parliament that saw the Opposition walk out in protest.
Same margin for fuel companies
Monday 31 March 2014 | Published in Economy
Local fuel importers are regulated to ensure they make the same profit margin from their wholesale transactions, says the industry watchdog.
