Economy
Super Fund worth close to $145m
Monday 5 March 2018 | Written by Rashneel Kumar | Published in Economy
The members’ stake in the Cook Islands National Superannuation Fund is worth close to $145 million, according to the latest Fund performance as at January 31, 2018.
It's time to sort out your taxes
Monday 5 March 2018 | Published in Economy
In the wake of the government’s recently passed Income Tax Amendment and VAT Amendment Bill, the job of the team at the Cook Islands Tax Amnesty Office is about to change.
PAYE write-off due to error
Thursday 1 March 2018 | Published in Economy
Financial secretary Garth Henderson says government agencies have always paid their Pay As You Earn (PAYE) tax, adding the PAYE debt that was written off as part of ‘tax forgiveness’ is a result of a reconciliation error.
When can foreigners buy property?
Thursday 22 February 2018 | Published in Economy
Land allocated to locals can be passed onto foreigners if they are unable to afford it, Minister of BTIB Kiriau Turepu said during Tuesday’s question time session at Parliament.
North American market soars above all others
Monday 19 February 2018 | Written by Rashneel Kumar | Published in Economy
Tourists from the North American market are the biggest spenders in the Cook Islands.
Boost from extra visitors worth $32m
Saturday 3 February 2018 | Written by Rashneel Kumar | Published in Economy
The Cook Islands economy gained from around $32 million in extra spending generated by the 10 per cent increase in visitors last year compared to 2016.
Tax amnesty writes off $4.5 million
Thursday 25 January 2018 | Published in Economy
With more than two months left to go on the government’s recently-extended tax amnesty, the Revenue Management Division so far processed $8 million worth of tax debt from 520 applications.
Visitor boost forecast
Thursday 18 January 2018 | Written by Rashneel Kumar | Published in Economy
Government predicts more than 160,000 tourists will visit the Cook Islands in the financial year 2017/18 which runs from July, 2017 to June this year.
Boost for airport security
Saturday 9 September 2017 | Written by Chris Taylor | Published in Economy
The world’s aviation security is only as strong as its weakest link, and the Cook Islands Airport Authority is determined not to be a weak link.
Budget group gets down to work
Tuesday 4 April 2017 | Published in Economy
The Budget Support Group (BSG) was established to provide support during the budget process in evaluating ministry and agency submissions and provide recommendations to cabinet.
PM signs Singapore flights deal
Wednesday 8 February 2017 | Published in Economy
Yesterday marked another milestone in deepening relations between the Cook Islands and Singapore with the signing of an Air Services Agreement between the two countries.
Tourism boosts interest from Asia
Friday 15 April 2016 | Written by Rashneel Kumar | Published in Economy
In a bid to boost its Asian market, Cook Islands Tourism Corporation took part in the China Outbound Travel and Tourism market (COTTM) this week.
Tourism confirms visitor increase
Friday 8 April 2016 | Written by Rashneel Kumar | Published in Economy
With the exception of November, the Cook Islands have experienced strong growth in visitor arrivals since October last year, says the Cook Islands Tourism Corporation.
Economy in holding pattern
Saturday 30 January 2016 | Published in Economy
The verdict is out on the global economic outlook for 2016.
US stance on fishing could hit economy
Friday 22 January 2016 | Written by Rashneel Kumar | Published in Economy
The Cook Islands government is concerned about the impact on national fisheries revenue after United States gave Pacific Island nations notice on its plans to withdraw from the South Pacific Tuna Treaty.
New appointment at BSP 'exciting,' says manager
Wednesday 11 November 2015 | Published in Economy
Bank of South Pacific (BSP) Cook Islands has a new member on its leadership team.
Online tax returns quicker and faster Don't waste time, just file online.
Wednesday 11 November 2015 | Published in Economy
The Revenue Management Division has been working hard to alleviate sress and complications for local people wanting to pay their VAT and PAYE returns.
Purse seining FADs a necessity: Ponia
Tuesday 10 November 2015 | Published in Economy
In the deep blue waters of the Cook Islands, fish aggregating devices are necessary to attract skipjack tuna and allow the government to dip into the pot of international fishing gold.
Tourism wants action on Sunday flights
Friday 6 November 2015 | Published in Economy
The Cook Islands Tourism Corporation is calling on the government to make a decision on the future of controversial Sunday flights to Aitutaki.
MFEM sticking by budget report
Wednesday 4 November 2015 | Published in Economy
Financial Secretary Richard Neves has issued a press release to explain the government’s additional spending during the last financial year.