Despite high swells, the passengers from luxury cruise ship Paul Gauguin managed to come ashore safely for a daylong tour around Rarotonga yesterday.
The small size of both the Cook Islands National Superannuation Fund (CINSF) fund and the population of this country, pose a massive challenge to the CINSF in looking after the interests of its members, says CINSF chairman Heinz Matysik.
A “belittling” remark in a blog written by a Forbes magazine contributor in the US and used in a story in CINews on Saturday, obscures the real progress that the Cook Islands financial services industry has made since it pioneered the modern asset protection trust in the 1980s, says Cook Islands Financial Services Development Authority chief executive, Tamatoa Jonassen.
The Cook Islands Tourism Corporation has said it intends on reaching out and supporting direct digital channels for the benefit of the private sector.
Merchant of Paradise developer Tim Tepaki says the “Paradise Prosperity Plan” for development of the outer islands, which he plans to reveal next week, will yield an after-tax operational profit of more than $120 million a year.
Developers Merchant of Paradise will next week unveil a 5-star signature “tourism-led” Paradise Prosperity Plan (PPP), for developing the Pa Enua, says director Tim Tepaki.
A convoluted legal saga involving a Cook Islands trust has recently been reported on in the US, invoking a description of the Cook Islands as “a unique debtor’s haven”.