Economy

Passengers told to wear masks

Economy

As 41 people arrived back on Rarotonga on Friday, another 125 Cook Islanders head back to New Zealand this afternoon.

Economy

Luxury cruise ship promotes Cooks trip

Paul Gauguin Cruises are advertising Cook Islands as one of the destinations in its 2021 itinerary, but there's no imminent change to the temporary ban on cruise ships, officials say.

Economy

Government grants provide ‘lifeline’ for businesses suffering from Covid-19

The latest government cash grants are seen as vital for long-suffering businesses waiting for a travel bubble to be formed with New Zealand in the first quarter of 2021, but any delay in two-way travel would likely force government to ask Parliament for more cash.

Economy

Aussie billions welcomed

The Cook Islands government has welcomed Australia’s stepped-up Pacific engagement, announced by Australian prime minister Scott Morrison in Queensland yesterday of a package of cooperation and development initiatives including a new Pacific Infrastructure Financing Facility.

Prospects for seabed exploration move forward in Cooks

As the government's exploration application process moves forward, a local environmental NGO is recommending only a “very small area” be given out at first for seabed mining exploration in order to determine potential impacts.

Economy


Quarantine-free travel for Cooks travellers "a move in the right direction"

Local tourism industry stakeholders are hoping news of a two-way travel bubble is “not too far away” following Thursdays announcement of quarantine free travel into New Zealand for Cook Islanders and valid visa holders.

Economy


Feedback on seabed mineral regulations extended

The opportunity to submit feedback on the draft seabed mineral mining regulations has been extended for another month.

Economy


Thirty-four businesses expected to re-enter wage subsidy scheme

Government is expected to spend about $14 million in wage subsidy in 2021, following a number of rule changes that have resulted in 34 businesses becoming re-eligible to collect the benefit.

Economy


No extra subsidy for barge operator

Following protests by a rival shipping company, government will not be paying a contentious subsidy to Cook Islands General Transport to assist with its recent acquisition of a barge.

Economy


Pasifika Air looking to spread its wings

Pasifika Air’s website is advertising three flights a week from Wellington and Christchurch to the Cook Islands’ capital Rarotonga.

Economy


Covid-19 stimulus package extended

The Cook Islands people continue to be the government’s top priority in 2021 with announcements including extension of the wage subsidy and the expectation that Kiwis will be welcomed back to the country’s shores by March 2021.

Economy


Big year for Chamber of Commerce

It was a year of challenges, change and uncertainty, but for the Cook Islands Chamber of Commerce, 2020 was also a year of growth, expansion and breaking new ground.

Economy


Ten year economic plan in final stages

With the conclusion of a nationwide public consultation process, government will now be looking to put the final touches on a 10-year economic plan that aims to address a range of social and environmental issues and provide a blueprint for economic growth.

Economy


One way Cooks-NZ bubble likely in January, government spokesperson says

The arrangement will allow Cook Islanders travelling from Rarotonga to Auckland to not have to undergo 14-days of mandatory quarantine at a managed isolation facility.

Economy


Economic update spells gloomy days

Estimated economic output for the 2020/2021 financial year has been revised downward as the global Covid-19 pandemic continues to take a toll on the nation’s tourism-dependent economy.

Economy


Tuna fishery protections in place for 2021

Cook Islands along with other Pacific Island countries have reached an agreement with distant water fishing nations to secure crucial protection measures for the coming year.

Economy


NZ aid to assist private sector

Cook Islands businesses are set to tap into $6.9 million in New Zealand government aid that aims to support the recovery of the private sector in the Pacific Islands after Covid-19 pandemic.

Economy


Covid and tourism in the Pacific

Reflecting on a difficult year, Tourism CEO Halatoa Fua says it was fortunate that in the last 10 years the Cook Islands tourism industry had a major boom and was able to establish a reserve fund to cushion the blow from Covid-19.

Economy


Asian bank loan provides millions in Covid-19 assistance

The Beijing-based Asian Infrastructure Investment Bank has approved a US$20 million (NZ$28 million) loan to the Cook Islands to meet a cash crunch caused by Covid-19 pandemic.

Economy


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