Economy
Chinese products promoted here
Thursday 20 June 2019 | Written by Melina Etches | Published in Economy
Companies from China are in the country to promote their products to the local market.
Meitaki! Tourism operators inspire young
Tuesday 18 June 2019 | Written by Rashneel Kumar | Published in Economy
Renowned lagoon tour company The Vaka Cruise was the big winner at the A1 Meitaki Awards on the island of Aitutaki on Friday last week.
Cheapest fares to Cooks, no returns
Monday 10 June 2019 | Published in Economy
JETSTAR is celebrating its 10th anniversary in New Zealand by announcing some of the cheapest airfares ever to Rarotonga. Tourists and returning Cook Islanders can travel one-way from Auckland for just $159.
Brown highlights Cooks disaster fund
Friday 10 May 2019 | Written by Rashneel Kumar | Published in Economy
The Cook Islands have developed “quite a bit” in terms of disaster-risk recovery and preparedness in terms of financial instruments, says deputy prime minister Mark Brown.
Fijians pleased with super deal
Friday 10 May 2019 | Written by Rashneel Kumar | Published in Economy
The Fijian community in the country has welcomed the latest arrangement between the superannuation Funds in Fiji and the Cook Islands.
How Cooks turned around debt crisis
Thursday 9 May 2019 | Published in Economy
With their far-flung territories and distance from global economic hubs, the Pacific islands face significant hurdles in delivering social and infrastructure services to their people. Adding to this challenge are these countries’ narrow economic bases, which limit their ability to collect domestic revenues; their reliance on mostly imported inputs; and their vulnerability to disasters and extreme climate change, the impacts of which can drive up public spending.
Cooks sign up for copyright treaties
Thursday 9 May 2019 | Published in Economy
The Cook Islands has joined four key copyright treaties with the World Intellectual Property Organisation after handing “instruments of accession” to its director Francis Gurry.
Cooks in disaster-risk study
Thursday 9 May 2019 | Written by Rashneel Kumar | Published in Economy
A team from the Asian Development Bank (ADB) is in the country to inspect some residential and commercial properties in an effort to improve disaster risk reduction.
Calls for assistance rise for ADB
Wednesday 8 May 2019 | Written by Richard Moore | Published in Economy
Demand for assistance across the Pacific and Asia continues to grow in the past year with the Asian Development Bank’s annual report showing new commitments of $21.6 billion in loans, grants, and investments from the bank’s own resources.
Big progress on pay system
Tuesday 7 May 2019 | Written by Rashneel Kumar | Published in Economy
Government’s effort in centralising the payment system to the Ministry of Finance and Economic Management (MFEM) is making “tremendous progress”.
$5b to save our oceans
Friday 3 May 2019 | Written by Richard Moore | Published in Economy
In a bid to rescue the ailing oceans of the world – particularly our Pacific waters – the Asian Development Bank has launched a $5 billion action plan to save the blue continent.
ADB predicts economic slowdown
Thursday 2 May 2019 | Written by Richard Moore | Published in Economy
The Asian Development Bank (ADB) has forecast a fairly major slowdown for the Cook Islands economy in next year or so.
Annual meeting on for ADB
Tuesday 30 April 2019 | Written by Richard Moore | Published in Economy
About 3000 high-powered participants are descending upon Denerau in Fiji to attend the 52nd Annual Meeting of the Asian Development Bank (ADB) this week.
New developments at local resort
Monday 25 March 2019 | Published in Economy
It has been a busy start to the new year for Moana Sands Group (MSG), with several additions to both Moana Sands Beachfront Villas and its sister property, Moana Sands Lagoon Resort.
SmartPac insurance for smaller businesses
Saturday 23 March 2019 | Written by Melina Etches | Published in Economy
There are times when the unthinkable or preventable happens to your business and you don’t have insurance to cover the expenses.
Crystal Symphony visits twice in one day
Thursday 14 March 2019 | Written by Jaimie Keay | Published in Economy
You’d be forgiven for thinking you were going through déjà vu yesterday – the feeling you’ve seen something before – when the cruise ship Crystal Symphony cruised to anchor off Avatiu just after8am.
Luxury cruise ship visits Rarotonga
Wednesday 13 March 2019 | Written by Rashneel Kumar | Published in Economy
Luxury cruise ship Paul Gauguin, which operates mainly in the Pacific waters, visited Rarotonga yesterday.
Minimum wage review starts
Wednesday 13 February 2019 | Published in Economy
On Wednesday February 6, the Minimum Wage Review Panel met for their initial meeting to prepare for the annual compulsory review of the minimum wage rate.
Tourism to host third global breakfast update
Tuesday 12 February 2019 | Published in Economy
Cook Islands Tourism Corporation is hosting their third Global Breakfast Update for 2018/19 on Thursday at 8am at the Edgewater Resort and Spa.
4.4pc jump in visitors
Saturday 9 February 2019 | Written by Rashneel Kumar | Published in Economy
Visitor arrivals to the country have set another record, but Cook Islands Tourism says well balanced numbers spread throughout the year enables modest growth without placing undue stress on infrastructure.