Economy
Same issues
Saturday 5 January 2013 | Published in Economy
The same issues have cropped up again during the audit office’s review of the Penrhyn island administration (PIA) financial statements for the year ended June 2009.
Smarts needed to save petrol costs
Saturday 5 January 2013 | Published in Economy
While renewable energy initiatives are popular both regionally and worldwide, for Pacific Island countries and territories, the reality is that fossil fuel is still essential for meeting energy needs.
New drum beats at Pasifika
Friday 4 January 2013 | Published in Economy
One of New Zealand’s most prominent Pacific creative talents and producers, Stan Wolfgramm, is the new producer of Auckland’s renowned Pasifika Festival.
Closing shop on 2012
Saturday 29 December 2012 | Published in Economy
When economies experience slow to no growth they look towards economic or infrastructure development activities to shift their growth levels north.
Snowbird Laundry changing ownership
Saturday 29 December 2012 | Published in Economy
Two months after a fire ravaged the main site of the business, Snowbird Laundry is in the process of changing ownership.
Reef Shipping taken over by US company
Friday 28 December 2012 | Published in Economy
Auckland’s Reef Shipping, which went into receivership last month, has been bought by a leading American carrier, Matson.
Huge jump in operating balance
Thursday 27 December 2012 | Published in Economy
The government’s operating balance has increased hugely from $98,000 to $970,000, announced Finance Minister Mark Brown at a press conference for the release of the half year economic and fiscal update for 2012-2013.
Minimum wage expected to increase
Monday 24 December 2012 | Published in Economy
Finance Minister Mark Brown said there has been much talk of increasing the minimum wage and this is likely to happen soon.
Pacific Resorts to expand through Pacific
Saturday 22 December 2012 | Published in Economy
Cook Islands-based Pacific Resort Hotel Group is looking to expand – with up to 10 properties across the region.
Brown saw conflict of interest and acted
Friday 21 December 2012 | Published in Economy
The Financial Services Development Authority Amendment Bill was passed into Cook Islands law last week.
PM has 7 questions left to answer
Thursday 20 December 2012 | Published in Economy
The prime Minister and Deputy Prime Minister have eight questions on shipping and renewable energy left over from the parliamentary order paper that must be answered to the public.
Doomsday questioned
Thursday 20 December 2012 | Published in Economy
A comet crashing into Earth or a super volcano erupting – tomorrow could bring a large global catastrophe. But Cook Islanders certainly aren’t buying it.
$2.4m tax on shareholder's dividend
Wednesday 19 December 2012 | Published in Economy
The unexpected windfall of $2.4 million in withholding tax was not from an errant taxpayer – rather from a business that paid out a dividend to an overseas shareholder.
Accommodators to provide water safety advice
Wednesday 19 December 2012 | Published in Economy
The Cook Islands Tourism Industry Council encourages accommodation providers to display swimming safety messages and dispense advice to guests to help prevent visitors from drowning in Cook Islands’ deceptively safe waters.
Brown first to answer questions
Tuesday 18 December 2012 | Published in Economy
Finance minister Mark Brown has provided responses to the five written questions he was asked by Teenui-Mapumai MP Norman George when parliament began sitting on November 8.
Runner up thrilled
Tuesday 18 December 2012 | Published in Economy
Miss South Pacific runner up Kate Ngatokorua says placing in the top two of the pageant surpassed her own expectations.
Showcase invitation
Tuesday 18 December 2012 | Published in Economy
Companies stocking products and produce with a Pacific flavour are being encouraged to sell them at a Pacific-focused trade event launching on February 2, 2013.
World Bank membership windfall
Saturday 15 December 2012 | Published in Economy
Mitiaro MP Tangata Vavia asked agriculture Minister Nandi Glassie why the Cooks haven’t got a large agricultural grant from the World Bank like Samoa.
Amnesty for tax suggested
Wednesday 12 December 2012 | Published in Economy
Opposition leader Wilkie Rasmussen asked finance minister Mark Brown in parliament yesterday whether he would consider an amnesty period for those struggling to pay their tax.
Lawyer bids for legal aid
Wednesday 12 December 2012 | Published in Economy
Opposition leader Wilkie Rasmussen asked finance minister Mark Brown whether the government is making any provision to help out with legal aid “because there are some struggling lawyers who are working without payment”.
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