Economy

Southern Group gets food freight subsidy

Friday 23 September 2022 | Written by Caleb Fotheringham | Published in Economy, National, Outer Islands

The Southern Group will get a freight subsidy on food items until at least Christmas in a bid to ease cost of living for those living in the Pa Enua.

Economy


Ministry holds meeting to discuss pricing of essential household goods

Thursday 22 September 2022 | Written by CI News Staff | Published in Economy, National

The Ministry of Internal Affairs, Consumer Services Unit hosted its first Consumer Stakeholder meeting with key suppliers to discuss the pricing of essential household goods.

Economy


Cruise tourism faces challenges despite removal of travel restrictions

Thursday 22 September 2022 | Written by Matthew Littlewood | Published in Economy, National, Travel

The removal of travel restrictions won’t have an immediate impact for the cruise ship tourism in the Cook Islands.

Economy


New bread prices here to stay, Raro bakers say

Tuesday 20 September 2022 | Written by Caleb Fotheringham | Published in Economy, National

The new bread prices following an increase over the weekend is likely to stay despite the price being reviewed in six months’ time.

Economy


Rarotonga electricity prices to increase by $0.15 per unit

Tuesday 20 September 2022 | Written by Matthew Littlewood | Published in Economy, National

Te Aponga Uira (TAU) is introducing a flat surcharge of $0.15 per unit of electricity next month, blaming the rising costs of fuel due to the Russia-Ukraine war, and other supply chain issues.

Economy


Bread prices up

Saturday 17 September 2022 | Written by Caleb Fotheringham | Published in Economy, National

The cost of living continues to soar with bread prices increasing by an average of a dollar and the price of fuel also set for another increase.

Economy


Business training goes to Pa Enua

Thursday 15 September 2022 | Written by Caleb Fotheringham | Published in Economy, National, Outer Islands

Cook Islands Business Trade Investment Board (BTIB) have finished training local entrepreneurs in Aitutaki and will continue in Atiu next month.

Economy


MFEM urges companies to be ‘transparent’ with surcharges

Thursday 15 September 2022 | Written by Caleb Fotheringham | Published in Economy, National

As cost of living issues rise, the Ministry for Finance and Economic Management (MFEM) is urging companies to be transparent in their implementation of surcharges.

Economy


Electricity bills to rise

Wednesday 14 September 2022 | Written by Caleb Fotheringham | Published in Economy, National

Electricity bills are set to increase significantly in Aitutaki and Rarotonga next month as high fuel prices force power entities to pass the price onto consumers.

Economy


Metcalfe appointed director for economic planning

Monday 12 September 2022 | Written by CI News Staff | Published in Economy, National

The Ministry of Finance and Economic Management (MFEM) has appointed senior macroeconomist Tristan Metcalfe as the new director for economic planning.

Economy


Supply chain issues continue to hamper Rarotonga’s supermarkets

Thursday 8 September 2022 | Written by Matthew Littlewood | Published in Economy, National

Prime Foods managing director Daniel Forsyth said being at the end of the supply chain had proved a hinderance to the store.

Economy


Staff and supply shortages continue as tourism climbs

Thursday 1 September 2022 | Written by Matthew Littlewood | Published in Economy, National

Tourist numbers are the highest they’ve been all year with August looking good too but one accommodation provider says he’s conscious of staff being burnt out because of staffing issues.

Economy


Cook Islands drums up business from the ultra-rich in Monaco

Thursday 1 September 2022 | Written by Caleb Fotheringham | Published in Economy, National

Cook Islands Finance and Maritime Cook Islands are off to the Monaco Yacht Show to drum up business from the world’s elite this month.

Economy


ADB expands Cook Islands presence

Tuesday 30 August 2022 | Written by CI News Staff | Published in Economy, National

The Asian Development Bank (ADB) joined the Government of the Cook Islands in an inauguration ceremony to officially open ADB’s Cook Islands Pacific Country Office (PCO) in Rarotonga.

Economy


Air NZ ‘to open as many flights as possible’ to Cook Islands

Friday 26 August 2022 | Written by Caleb Fotheringham | Published in Economy, National

Air New Zealand’s website shows ‘no seats available’ for some dates around Christmas time but the airline says they are working to open ‘as many flights as possible’ to the Cook Islands during the festive season.

Economy


Assessing the Asian Infrastructure Investment Bank

Thursday 25 August 2022 | Written by Supplied | Published in Economy, National

The establishment of the China-led Asian Infrastructure Investment Bank (AIIB) in 2016 – and the decision by Western donors, with the notable exceptions of the US and Japan, to join it – seems somewhat remarkable from today’s vantage point.

Economy


Cooks to reach ‘80k visitors by March’

Wednesday 24 August 2022 | Written by Matthew Littlewood | Published in Economy, National

Tourism numbers should be soon reaching close to pre-Covid-19 peaks, according to the Cook Islands Tourism Corporation’s regional boss.

Economy


Tourism key to economic recovery

Wednesday 24 August 2022 | Written by Matthew Littlewood | Published in Economy, National

Rising inflation will likely hit many Cook Islanders in the back pocket, but a top economic advisor says the island nation’s economy should soon experience a significant uptick.

Economy


Spike in fuel prices making commodities and services costlier

Wednesday 24 August 2022 | Written by Caleb Fotheringham | Published in Economy, National

A report by the Asian Development Bank (ADB) says the Pacific’s remoteness will compound the price increases of commodities caused by the war in Ukraine.

Economy


Tylor to promote new finance product

Monday 22 August 2022 | Written by Supplied | Published in Economy, National

Rarotonga lawyer Reuben Tylor will be promoting Cook Islands’ newest international finance product on the market, the International Relationship Property Trust (IRPT), in an event in Singapore.

Economy


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