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Economy

Blogger comment draws flak

Thursday May 24, 2018

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.

Increasing the knowledge and skills of local business owners will be the key focus at Thursday’s workshop on business capability building.

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.

Petrol up by 4 cents a litre

Monday May 21, 2018

Petrol and LPG prices have increased by four cents a unit on Rarotonga and the outer islands, excluding Aitutaki.

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”.

The sponsors of the 2018 Air New Zealand Cook Islands Tourism Awards have been commended by Tourism Industry Council president Sue Fletcher-Vea for making this year’s event an outstanding success.

The Expedia Group Lodging team will be joining the Cook Islands Tourism Global Breakfast Update (GBU) tomorrow in Rarotonga.

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