Economy

Opposition: Too many foreign fishing vessels

Monday 19 November 2012 | Published in Economy

Pacific Islands are finally waking up to the fact there are too many foreign fishing vessels in Pacific waters, says opposition leader Wilkie Rasmussen.

Economy

Govt announces budget surplus

Friday 16 November 2012 | Published in Economy

Finance minister Mark Brown yesterday announced an unexpected budget surplus of $1.7 million for the first quarter of the 2012-13 financial year.

Economy

GDP up 1% to $367m

Friday 16 November 2012 | Published in Economy

Wholesale and retail trade is driving up Gross Domestic Product (GDP) figures.

Economy

Tourism 'overspending' a problem

Thursday 15 November 2012 | Published in Economy

Cook Islands Tourism Corporation’s overspending has been condemned in an audit office management report on the financial transactions of the agency.

Economy

Seabed profits to be safeguarded

Monday 12 November 2012 | Published in Economy

The minerals report:

Economy

Bill and Hillary Clinton visit mooted

Saturday 10 November 2012 | Published in Economy

Prime Minister Henry Puna indicated in Parliament yesterday that a holiday in the Cook islands is a possibility for Bill and Hillary Clinton.

Economy

Public account up for tender

Thursday 8 November 2012 | Published in Economy

Government is tendering the Crown’s banking services.

Economy

'Best is yet to come'

Thursday 8 November 2012 | Published in Economy

The Cook Islands will send a congratulatory message to re-elected President Barack Obama when Prime Minister Henry Puna gets back into the country this morning.

Economy

Public toilets in for tidy-up and upgrade

Tuesday 6 November 2012 | Published in Economy

Complaints about the ‘disgraceful’ state of the downtown Avarua public toilets have made their mark.

Economy

New market stage formally opened

Tuesday 6 November 2012 | Published in Economy

Punanga Nui Market committee chairman Kiriau Turepu says the new stage has created a positive shift for the Saturday market after it was formally opened on Saturday.

Economy

Travel ban for unpaid tax

Monday 29 October 2012 | Published in Economy

A number of people living in the Cooks have been banned from travelling out of the country for not paying their taxes.

Economy

PNG protests deep sea mining

Monday 29 October 2012 | Published in Economy

Landowners in Papua New Guinea have petitioned the government to halt a controversial seabed mining project along the nation’s coast.

Economy

ISPS compliance crucial

Monday 29 October 2012 | Published in Economy

Increasing global awareness of the threat of terrorism means Pacific Island countries and territories must ensure they comply with the International Ship and Ports Facility Security (ISPS) Code.

Economy

Lynch talks on seabed minerals in China

Saturday 27 October 2012 | Published in Economy

The seabed minerals commissioner flew back from China on Tuesday – only to go to Belgium today.

Economy

Time for terminal tax

Tuesday 23 October 2012 | Published in Economy

It’s that time of year again – terminal tax is due at the start of next month for all individuals, companies and trusts.

Economy

Bad debts the big problem

Tuesday 23 October 2012 | Published in Economy

For the third time in about five years our banking system has been reviewed by yet another externally sourced “expert”. The final report identifies the major problem of the Cook Islands banking system as $45-60 million dollars of non-performing loans (NPLs). These loans, on which the borrower has stopped making payment, comprise 16 percent of all lending. Bad loans are said to constitute the primary reason for raising the risk profile and cost of lending in the Cook Islands (three percent of the five percent difference between Cook Islands bank rates and those of Australia and New Zealand).

Economy

'Steady-as-she-goes approach' to mining

Saturday 20 October 2012 | Published in Economy

Seabed mining is a new frontier which should be treated with caution and optimism, says Prime Minister Henry Puna.

Economy

Stage completion a few days away

Wednesday 17 October 2012 | Published in Economy

The Punanga Nui market stage is due to be completed by the end of next week.

Economy

Local bread price increases 10c

Wednesday 17 October 2012 | Published in Economy

The retail price of bread has increased by 10 cents in the latest bread price order, which came into effect October 12.

Economy

Use the web to attract Americans

Tuesday 16 October 2012 | Published in Economy

A web presence and online marketing is crucial to get in touch with the burgeoning North American travel market, interested industry partners were told at a recent tourism marketing update.

Economy

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