Economy
Superfund appeal decision Friday?
Tuesday 10 June 2014 | Published in Economy
Arguments began to be heard yesterday as part of the Crown’s appeal of a recent High Court decision that declared the Cook Islands Superannuation Fund’s legislation as unconstitutional.
No bailout needed for Cook Islands
Monday 9 June 2014 | Published in Economy
Financial bailouts from New Zealand will not be needed to pay down the country’s debt obligations, says a government official.
Govt posts deficit in third quarter
Thursday 5 June 2014 | Published in Economy
The Government has reported a $1.6 million deficit in its overall fiscal balance for the latest financial quarter.
Data alert apps available: Telecom
Thursday 29 May 2014 | Published in Economy
Telecom Cook Islands says its customers have hundreds of mobile phone applications to choose from if they want to monitor their personal data use.
Invest to slow depopulation: Economist
Thursday 29 May 2014 | Published in Economy
Cook Islanders will not stop leaving the country to live overseas until the government decides to start funding industry in the outer islands, says economist Vaine Wichman.
Price jump follows VAT rise
Saturday 17 May 2014 | Published in Economy
Some local businesses have used last month’s Value Added Tax increase as an opportunity to hike their prices more than expected, says the Price Tribunal.
Seabed minerals worth 'vast amount'
Thursday 15 May 2014 | Published in Economy
Mining of deep sea minerals in the Cook Islands could provide an economic return which is at least equivalent to the tourism industry, says a government advisor.
More than $111,000 on MP travel
Saturday 10 May 2014 | Published in Economy
More than $111,000 of public money has been spent on travel for Members of Parliament in the current financial year.
Economics of governing: Wichman
Saturday 10 May 2014 | Published in Economy
When the first outside contact came to our islands, they surveyed from their ships and found natural openings in the reef that would later become deep water harbours as entry points and access to the resources and bounty of the land and sea.
Australian Aid looks to private sector
Wednesday 7 May 2014 | Published in Economy
Australia’s evolving foreign aid programme would like to see more emphasis on the private sector to promote economic growth in developing countries, says a member of the nation’s Senate.
Offshore industry among most 'secretive'
Monday 5 May 2014 | Published in Economy
The Cook Islands is being described by an international tax advocacy group as one of the world’s most secretive financial centres.
Government predicts deficit
Monday 5 May 2014 | Published in Economy
The Ministry of Finance and Economic Management is projecting a deficit of $112,000 for the 2013-14 fiscal year.
Vanilla growers urged to form co-op
Monday 5 May 2014 | Published in Economy
Local vanilla growers have been told that their best chance of building a successful export brand will be to band together and form a co-operative enterprise.
Trade balance deteriorates, despite export growth
Saturday 3 May 2014 | Published in Economy
A big jump in fresh and chilled fish exports from the Cook Islands boosted the total value of exports to $4 million in the third quarter of 2013.
March inflation lowest in years
Saturday 26 April 2014 | Published in Economy
Data released by the Statistics Office last week showed that inflation in the March quarter as measured by the Consumer Price Index fell by 0.4 per cent compared to the December quarter 2013.
Tourist numbers beat March record
Thursday 24 April 2014 | Published in Economy
Visitor arrivals have hit their highest number for a March since records began 20 years ago, according to the Statistics Office.
Public funds misused: Report
Thursday 24 April 2014 | Published in Economy
Poor management of public funds and budget overspending has been cited as a major concern of the Cook Islands Audit Office, according to its latest annual report.
$240,000 lost with licence change
Saturday 19 April 2014 | Published in Economy
Changes to the driving licence rules for visitors could cost the Government around $240,000 a year in lost revenue, says Financial Secretary Richard Neves.
Departure tax change soon?
Thursday 17 April 2014 | Published in Economy
Cruise ships will be allowed to stop over for more than 24 hours without being charged departure tax if a new proposal gets the green light.
Invitation to take export survey
Wednesday 16 April 2014 | Published in Economy
Pacific Islands Trade & Invest have received over 130 responses in its inaugural “Pacific Export Survey”.
