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.

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).

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.

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

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.

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

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

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

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.

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