Update from Gerard Field, CEO
Welcome to our third quarter update. With the Cook Islands remaining COVID-19 free we are in the fortunate position of having the full CSB team in the office. Discussions with New Zealand to open a quarantine free travel corridor between the countries had commenced but a small community outbreak in Auckland put that on hold in August. Talks have now recommenced and we expect it to occur by November. Through this global disruption we are pleased to have continued to provide secure, safe and reliable services to our clients.
We are excited to share that we are now connected to the internet with fibre optic cable. Previously the Cook Islands internet and communications connections were via a low orbit satellite that was prone to drop reception at times of inclement weather. The installation of the Manatua Cable (Manatua means ‘strong back” in Tahitian) linking Samoa, Niue and Cook Islands (islands of Rarotonga and Aitutaki) to the Honotua Cable in Tahiti which connects to the United States ushers in an era of fast and reliable communication. We know in the past some of you have had to endure poor line quality when calling but once the cable is fully operational this will be a thing of the past.
Many of you will know Anna Koteka, our Financial Accountant. Anna recently celebrated the significant milestone of 20 years with CSB. CSB commenced operations in 1997 and Anna joined us 3 years later in 2000. CSB has grown much in that time and we acknowledge and thank Anna for her dedication and part in our growth.
International banking: practical tips on setting up an account in another jurisdiction
Clients and practitioners will often spend a great deal of time and effort in selecting the right offshore jurisdiction for their banking needs: how can uncertainty be avoided and a smooth start to the banking relationship achieved? Read the article on STEP's website written by Gerard Field.
CSB remains committed to supporting our local community and in the last quarter we sponsored Te Are Manu‘s main fundraiser. Te Are Mare is the only veterinarian clinic on the island and is staffed by volunteer vets who come for a 3 to 6 month term. With borders closed it has been difficult to employ new staff and acquire medicines for the animals.
For 2020 – 2021 year we are a gold sponsor of the Te Ipukarea Society. This was formed to look after Cook Islands heritage within a sustainable, healthy and beautiful environment which we have in the Cook Islands.
CSB will be regularly posting updates and information on our recently updated LinkedIn page. We look forward to engaging with you on this platform.