Economy
Cook Islands launches new international business registry
Tuesday 15 October 2024 | Written by Supplied | Published in Economy, National, Technology
The Cook Islands Financial Supervisory Commission (FSC) has launched a new international entities registry to improve anti-money laundering and combating the financing of terrorism compliance.
PM proposes Cook Islands passport at Ariki meeting
Tuesday 15 October 2024 | Written by Supplied | Published in Economy, National
Various national issues, including the introduction of a Cook Islands passport, changes to the country name and anthem, resolving traditional title disputes and support for seabed minerals exploration, were discussed at the 53rd Session of Te Kura Nui A Te Are Ariki last week.
Public Accounts Committee calls for transparency in CIIC budget process
Tuesday 8 October 2024 | Written by Losirene Lacanivalu | Published in Economy, National, Parliament
The Public Accounts Committee (PAC) has advised the Cook Islands Investment Corporation (CIIC) to disclose all anticipated income during the budget process and to Parliament.
Tenants face water bill burden
Tuesday 8 October 2024 | Written by Rashneel Kumar | Published in Economy, Environment, Health, Local, National
Rarotonga rental tenants who do not have a water connection registered in their name will not be eligible for the government’s free water subsidy.
To Tatou Vai has legal authority to charge water tariff, says CIIC chair
Tuesday 1 October 2024 | Written by Losirene Lacanivalu | Published in Economy, Local, National, Tourism
Rarotonga water authority, To Tatou Vai (TTV), has the right to charge water tariffs for supply and services, says Cook Islands Investment Corporation (CIIC) chair Fletcher Melvin.
Mixed reactions as new water tariffs come into effect today
Tuesday 1 October 2024 | Written by Talaia Mika | Published in Economy, Local, National
As water tariffs come into effect from today, business owners and residents say they have no other choice but to pay.
Enhancing maritime sustainability, improve shipping connectivity
Tuesday 1 October 2024 | Written by Supplied | Published in Economy, National
As an aim to enhance maritime sustainability, representatives from the Cook Islands joined others from Belize, and Solomon Islands at the International Maritime Organisation (IMO) in London last month.
TTV estimates $837,000 in water tariff revenue
Monday 30 September 2024 | Written by CI News Staff | Published in Economy, Local, National
The Rarotonga water agency To Tatou Vai (TTV) estimates it will collect just over $830,000 in the current financial year from water tariffs that come into effect tomorrow.
Mauke’s new mayor wants to get the community into planting crops
Wednesday 25 September 2024 | Written by Melina Etches | Published in Economy, National, Outer Islands
The island of Akatokamanava/Mauke celebrated its elected Island Council members during the swearing-in ceremony yesterday morning at the Government Representative building site.
Tourism contribution set to surpass half-billion dollar mark
Wednesday 25 September 2024 | Written by CI News Staff | Published in Economy, National, Tourism
Tourism’s contribution to the Cook Islands economy is set to surpass half a billion dollars this year, according to the Cook Islands Visitor Economy Factsheet released today.
Pa Enua leaders seek help to combat transnational crime
Wednesday 25 September 2024 | Written by Talaia Mika | Published in Crime, Economy, National
The lack of resources and security in the Pa Enua to tackle transnational crimes were the key factors driving community leaders from the outer islands to participate in the Transnational Organised Crime workshop held in Rarotonga.
3000 companies at risk due to Act oversight: Browne
Monday 23 September 2024 | Written by Losirene Lacanivalu | Published in Economy, National, Parliament
The Opposition leader’s Companies Amendment Bill aims to address a loophole in the 2017 Companies Act that has prevented thousands of companies from re-registering, causing potential significant economic hardship.
New tariffs cause a splash: Free water allocation for residents, businesses face higher costs
Thursday 19 September 2024 | Written by CI News Staff | Published in Economy, Environment, Health, Local, National
Residential users will receive 50,000 litres of water per month free under the final water tariff structure announced by To Tatou Vai and commencing October 1, 2024.
Counterfeit $50 notes circulating in Rarotonga, warns local banks
Thursday 19 September 2024 | Written by Losirene Lacanivalu | Published in Economy, Local, National
Businesses and the public are being warned to remain vigilant after counterfeit notes have been found circulating in Rarotonga.
Aitutaki’s ‘winds of change’ blow for gender equality: Browne
Saturday 14 September 2024 | Written by Losirene Lacanivalu | Published in Economy, Education, Local, National, Outer Islands, Parliament, Politics
Opposition leader Tina Browne has hailed Aitutaki’s Island Council election a success, noting a significant increase in the number of women elected as council members.
Pacific drug highway threatens Cook Islands, cops on high alert
Monday 9 September 2024 | Written by Talaia Mika | Published in Crime, Economy, Local, National
Police say they are actively combating the growing drug trafficking threat in the region, following new reports of drug cartels trafficking crystal meth through the ‘Pacific drug highway’, including Cook Islands waters.
DPM seeks regional support for water, wastewater issues
Wednesday 4 September 2024 | Written by Talaia Mika | Published in Economy, National, Pacific Islands, Regional
Cook Islands’ growing water crisis during dry spells, alongside other countries’ needs, are being addressed at the Pacific Water and Wastewater Conference, held this week Rarotonga.
Rising seas, rising costs: Climate impacts on Cook Islands economy
Monday 2 September 2024 | Written by Losirene Lacanivalu | Published in Economy, Environment, National
Cook Islands’ topography and remoteness make it highly vulnerable to the impacts of climate change, states the latest Pacific Economic Monitor – August 2024: Building Resilience the Pacific Way report.
Carr elected new president of Cook Islands Tourism Industry Council
Saturday 31 August 2024 | Written by Talaia Mika | Published in Economy, National, Tourism
Cook Islands Tourism Industry Council has elected Tere Carr, owner of Lagoon Breeze Villas, as its new president for 2024-2025 financial year.
Inflation eases but concerns remain
Saturday 31 August 2024 | Written by Talaia Mika | Published in Economy, National
The inflation rate in the Cook Islands has begun to ease, currently at 2.8 per cent annually, but concerns persist over the ongoing increase in prices, albeit at a slower pace.
