BTE Publication Summary

Total Page:16

File Type:pdf, Size:1020Kb

BTE Publication Summary BTE Publication Summary Christmas Island Regional Analysis: Report prepared for the Indian Ocean Territories Review Subject Special Report Series This Report presents the results of the BTE's regional analysis of Christmas Island. It covers key social and economic features, factors affecting economic Date development, the outlook for individual areas of economic activity, and economic sustainability. A related BTE report provides a regional analysis of the Cocos (Keeling) Islands. A to Z Search Results Print Exit GO BACK Bureau of Transport Economics CHRISTMAS ISLAND REGIONAL ANALYSIS December 1998 Commonwealth of Australia 1999 ISSN 1440-9607 This work is copyright. Apartfrom any use as permitted under theCopyright Act 7968,no part may be reproduced by any process without prior written permission from the Commonwealth available from Auslnfo. Requests and enquiries concerning reproduction and rights should be addressedto the Manager, Legislative Services, Auslnfo, GPO Box 1920, Canberra, ACT2601. Other enquiries tothe Bureauof Transport EConomics, GPO Box 501, Canberra ACT 2601, Australia. Telephone (international)+61 2 6274 6846,fax +61 2 6274 6816, email bteQdot.gov.au httD://www.dot.aov.au/uromams/bte/btehome.htm Published by Bureau of Transport Economics, GPO Box 501, Canberra ACT 2601, Australia. Indemnity Statement The Bureau of Transport Economics has taken due care in preparing these analyses. However, noting that data used for the analyses havebeen provided by third parties, the Commonwealth givesno warranty to the accuracy, reliability, fitness for purpose,or otherwise of the information. FOREWORD This report presents the results of the BTE's regional analysis of Christmas Island. It covers key social and economic features, factors affecting economic development, the outlook for individualareas of economicactivity, and economic sustainability. A related BTE report provides a regional analysis of the Cocos (Keeling)Islands. The regional analyses of Christmas Island and the Cocos (Keeling)Islands were prepared for the Indian Ocean Territories Review. The primary purpose of the Review wastoundertake an assessment of the long-term economic sustainability of theIndian Ocean Territories andto identify options and recommend future funding arrangements for the Territories. The Review was conducted jointly by the Department of Transport and Regional Services and the Department of Finance and Administration. The Christmas Island regional analysis was prepared by Kym Starr (project leader) andJoshua Gordon. Greg Harper Director Bureau of Transport Economics Canberra December 1998 .. 111 CONTENTS ... FOREWORD 111 ... SUMMARY Xlll CHAPTER 1 INTRODUCTION Approach Outline of the report Acknowledgements CHAPTER 2 GEOGRAPHY AND SOCIAL OVERVIEW 3 Geography and climate 3 Population 3 Legal and institutional framework 7 Infrastructure and facilities 10 Social indicators 13 CHAPTER 3 ECONOMICOVERVIEW 15 Major economic activities 15 Income and expenditure 20 Taxes and charges 22 Subsihes and allowances 23 Transport services 24 CHAPTER 4 FACTORSAFFECTING ECONOMIC ACTIVITY AND DEVELOPMENT 27 R esources available 27 available Resources V External demand conditions 32 Competitive position 32 Economic management 39 Community attitudes to change 41 Assessment 42 CHAPTER 5 OUTLOOK FOR EXISTING AND POTENTIAL ACTIVITIES 43 Phosphate 43 Tourism 44 Satellite launching . 47 Public sector 48 Commercial fishing 49 Horticulture 49 Services forAsia 50 Military uses 51 Other activities 52 Assessment 52 CHAPTER 6 ECONOMIC SUSTAINABILITY 53 Approach 53 Commonwealth funding 55 External remittances 56 Investment income 57 External salesof goods and services 57 Assessment 60 CHAPTER 7 PROMOTING DEVELOPMENTAND SUSTAINABILITY 63 Air transport 63 Land 65 Infrastructure 65 Promotion and co-ordination 66 Synergies 67 vi Role of the public sector 68 APPENDIX 1 MEETINGS ON CHRISTMAS ISLAND 71 REFERENCES 73 vii FIGURES Page 2.1 Maps of ChristmasIsland 4 3.1 Major areas of economic activity on Christmas Island 16 4.1 Factorsaffecting economic activity and development 28 6.1 ChristmasIsland: major funds flows 54 ix TABLES Page 2.1 Age distribution of population onChristmas Island and in selected communities, 1995 6 2.2 Household composition on Christmas Island and inselected communities, 1995 6 2.3 Provision of major serviceson Christmas Island by public sector agencies, November 1998 8 2.4 Accommodation arrangements on Christmas Island and in selected communities, 1995 11 2.5 Ownership of dwellings on Christmas Island, September 1998 11 3.1 Estimates of employment by sector and organisation on Christmas Island, September 1998 17 3.2 Profitability and selected feesfor Christmas Island casino, 1993/94 to 1996/97 19 3.3 Social security payments to Christmas Island residents, 1996/97 21 3.4 Sources of household income on Christmas Island and in selected communities, 1995 21 3.5 Passenger arrivals and inbound freight at Christmas Island airport, 1993/94 to 1997/98 26 xi SUMMARY Christmas Island is one of Australia’s Indian Ocean Territories. It is located about 2 600 kilometres from Perth, 900 kilometres from the Territory of Cocos (Keeling)Islands and 360 kilometres from Java. SOCIAL ASPECTS Christmas Islands population was 1 900 persons at the last census in 1996. It has subsequently declined to 1 600 persons or less as a result of a major fall in the level of economic activityon the island. The community on. Christmas Island is multi-cultural. The ethnic profile is Chinese 65 per cent, Malay 20 per cent and European 15 per cent. Around 80 per centof residents have a first language other than English:There are significantsocial and cultural links toCommunities in Asia and Western Australia. The health of Christmas Island residents is generally comparable to average levels on the mainland. Unemployment is unofficially estimated at 10-15 per cent but there is also significant underemployment, particularly in the small business sector. Almost100 per cent of Year 10 students proceed to study Years 11 and 12 on the mainland, and many of these students subsequently attend a tertiary institution. The Commonwealth has an objective of aligning conditions and standards on Christmas Islandwith those ofcomparable communities in the rest of Australia. It has therefore funded a major program of capital works to upgrade infrastructure and facilities, with expenditure of more than $100 million since 1991/92. AREAS OF ECONOMIC ACTIVITY In recent years the major areas of economic activiw on Christmas Island have been phosphate mining,tourism, the public sector, and contracting and services. There has been a substantial reduction in the overall levelof economic activity overthe last 12 months, particularly reflecting a decline in tourism. ... XU1 Phosphate mining provides 133 full-time and 65 part-time jobs on the island. Revenue from phosphate sales, mainlyinvolving markets in Asia and Australia, increased to almost $44 million in 1997/98. Tourism was a major source of income and employment on Christmas Island until 1997/98. The resort/casino employed over 300 people prior to its closure in April 1998. Tourism activitiesin other areas, such as diving and fishing, have also declinedand are currently at low levels. The other private sectoractivities on Christmas Island are contracting and various services, which often involve work for the public sector. They provide an estimated 180 full-time jobs and 160 part-time jobs. Many small businesses on the island have reported sales declines of 30-40 per cent over the 12 months to September1998, reflecting thereduction in tourism and a lower population. The Commonwealth funds a wide range of services and infrastructure on Christmas Island and also has a significant operational role. In addition, it provides some explicit subsidies (eg for air services).Many State-type functions are delivered for the Commonwealth by Western Australian agencies under service delivery arrangements. Public sector agencies, which are mainly funded by the Commonwealth, have around 210 full-time employees and a small number of part-time employees on the island. In addition, a significant proportion of private sector employment, in areas such as contracting, involvesCommonwealth-funded activities. FACTORS AFFECTING ECONOMIC OUTLOOK Future prospects for Christmas Island's' economywill be affectedby the resourcesavailable, external demand (particularly conditions inAsia), the competitive position of the economy, economic management and community attitudes to change. Christmas Island is located close to Asia, has an attractive natural environment, contains significant phosphate deposits, has a low crime rate and is free of major tropical diseases. However, the population is relatively small, there are constraints on access to land, and the cost structure is high. In addition, transport services are limited. Infrastructure is good in some areas (eg the hospital) but below general mainland standards inother areas (eg housing). The major opportunities for further economic development on Christmas Island involve private sector activities. Projects will be viable and contribute to long- term economic development only if they are well-suited to the island's resource base, canoperate within the constraints such as high transport costs, and do not require long-term assistance.The Commonwealth has a role in areassuch as the provision of an appropriate framework for private sector activities and policies in specificareas (eg land release). xiv Tourism will not develop on a significant
Recommended publications
  • Proposal to Construct and Operate a Satellite Launching Facility on Christmas Island
    Environment Assessment Report PROPOSAL TO CONSTRUCT AND OPERATE A SATELLITE LAUNCHING FACILITY ON CHRISTMAS ISLAND Environment Assessment Branch 2 May 2000 Christmas Island Satellite Launch Facility Proposal Environment Assessment Report - Environment Assessment Branch – May 2000 3 Table of Contents 1 INTRODUCTION..............................................................................................6 1.1 GENERAL ...........................................................................................................6 1.2 ENVIRONMENT ASSESSMENT............................................................................7 1.3 THE ASSESSMENT PROCESS ...............................................................................7 1.4 MAJOR ISSUES RAISED DURING THE PUBLIC COMMENT PERIOD ON THE DRAFT EIS .................................................................................................................9 1.4.1 Socio-economic......................................................................................10 1.4.2 Biodiversity............................................................................................10 1.4.3 Roads and infrastructure .....................................................................11 1.4.4 Other.......................................................................................................12 2 NEED FOR THE PROJECT AND KEY ALTERNATIVES ......................14 2.1 NEED FOR THE PROJECT ..................................................................................14 2.2 KEY
    [Show full text]
  • Dear Senators
    Dear Senators, SUBMISSION I thank you for the opportunity to lodge this submission late due to the postponement of the hearing to be held. My personal and business involvement with Christmas Island goes back to 1988 when I was invited by the then Administrator, Mr Don Taylor, to visit the Island with the prospect of finding new ideas and ventures with economical benefit for the island following the end of the British Phosphate era when many residents had and were leaving the island. I commissioned a report to the Administrator utilizing 10 of the government owned vacant/empty houses in the Settlement precinct. – The proposal was to refurbish the old buildings so they could be used for the purposes of accommodation for 1. paying scientists and teams recruited from universities around the world to come and study the unique flora, fauna and oceanic conditions on – and off the island. Their research should be shared with Australian universities and research institutions. – 2. to promote, using same properties for what later became known as “Eco-tourism”. My report was well received by the Administrator and he suggested we negotiate a 90 year lease of the selected properties from the Commonwealth. At the time, before lease negotiations commenced, a political decision was made where the “vacant” houses should be offered to the people who had occupied them. – My proposal was ‘put on hold’ and later – off. Following a few further visits to the island, we purchased from the Commonwealth, in 1993 vacant block of land in Settlement and constructed three houses – known as “Barracuda Bay Chalets”.
    [Show full text]
  • ISO Country Codes
    COUNTRY SHORT NAME DESCRIPTION CODE AD Andorra Principality of Andorra AE United Arab Emirates United Arab Emirates AF Afghanistan The Transitional Islamic State of Afghanistan AG Antigua and Barbuda Antigua and Barbuda (includes Redonda Island) AI Anguilla Anguilla AL Albania Republic of Albania AM Armenia Republic of Armenia Netherlands Antilles (includes Bonaire, Curacao, AN Netherlands Antilles Saba, St. Eustatius, and Southern St. Martin) AO Angola Republic of Angola (includes Cabinda) AQ Antarctica Territory south of 60 degrees south latitude AR Argentina Argentine Republic America Samoa (principal island Tutuila and AS American Samoa includes Swain's Island) AT Austria Republic of Austria Australia (includes Lord Howe Island, Macquarie Islands, Ashmore Islands and Cartier Island, and Coral Sea Islands are Australian external AU Australia territories) AW Aruba Aruba AX Aland Islands Aland Islands AZ Azerbaijan Republic of Azerbaijan BA Bosnia and Herzegovina Bosnia and Herzegovina BB Barbados Barbados BD Bangladesh People's Republic of Bangladesh BE Belgium Kingdom of Belgium BF Burkina Faso Burkina Faso BG Bulgaria Republic of Bulgaria BH Bahrain Kingdom of Bahrain BI Burundi Republic of Burundi BJ Benin Republic of Benin BL Saint Barthelemy Saint Barthelemy BM Bermuda Bermuda BN Brunei Darussalam Brunei Darussalam BO Bolivia Republic of Bolivia Federative Republic of Brazil (includes Fernando de Noronha Island, Martim Vaz Islands, and BR Brazil Trindade Island) BS Bahamas Commonwealth of the Bahamas BT Bhutan Kingdom of Bhutan
    [Show full text]
  • A Hotel/Resort/Casino Tourism Strategy for Christmas Island The
    JOINT STANDING COMMITTEE: NATIONAL CAPITAL AND EXTERNAL TERRITORIES "INQUIRY INTO GOVERNANCE IN THE INDIAN OCEAN TERRITORIES" SUBMISSION BY CASINO MANAGEMENT INTERNATIONAL Casino Management International notes that the Committee is undertaking an Inquiry into Governance in the Indian Ocean Territories, with the following terms of reference: The Committee will inquire into and report on the interaction between formal institutions and the Indian Ocean communities, reviewing: the role of the Administrator and the capacity (and appropriateness) of the Administrator taking on a stronger decision-making role; existing consultation mechanisms undertaken by government representatives, including the IOT Regional Development Organisation, and best practice for similar small remote communities’ engagement with Australian and state governments; local government’s role in supporting and representing communities in the Indian Ocean Territories; and opportunities to strengthen and diversify the economy, whilst maintaining and celebrating the unique cultural identity of the Indian Ocean Territories. In this submission Casino Management International addresses the inquiry’s fourth term of reference, relating to the development of the Christmas Island economy, and in particular the adoption of a tourism strategy for Christmas Island which would require the re-opening of the Christmas Island casino. Casino Management International submits that the Australian Government should begin the approval process to enable the re-opening of the casino on Christmas Island. A Hotel/Resort/Casino tourism strategy for Christmas Island Casino Management International notes the evidence given to the committee by Soft Star Pty Ltd, the owner of the Christmas Island Resort and Casino. Soft Star is of the very strong opinion that the Commonwealth gave it assurances that it would be granted a casino licence, subject to appropriate regulatory requirements.
    [Show full text]
  • Threats to the Critically Endangered Christmas
    Tirtaningtyas & Hennicke: Threats to the criticallyContributed endangered Papers Christmas Island Frigatebird Fregata andrewsi 137 THREATS TO THE CRITICALLY ENDANGERED CHRISTMAS ISLAND FRIGATEBIRD FREGATA ANDREWSI IN JAKARTA BAY, INDONESIA, AND IMPLICATIONS FOR RECONSIDERING CONSERVATION PRIORITIES FRANSISCA N. TIRTANINGTYAS1 & JANOS C. HENNICKE2,3 1Burung Laut Indonesia, Depok, East Java, 16421, Indonesia ([email protected]) 2Dept. of Ecology and Conservation, University of Hamburg, 20146 Hamburg, Germany 3CEBC-CNRS, 79360 Villiers-en-Bois, France Received 4 November 2014, accepted 26 February 2015 SUMMARY Tirtaningtyas, F.N. & HENNICKE, J.C. 2015. Threats to the critically endangered Christmas Island Frigatebird Fregata andrewsi in Jakarta Bay, Indonesia, and implications for reconsidering conservation priorities. Marine Ornithology 43: 137–140. The Christmas Island Frigatebird Fregata andrewsi is one of the most endangered seabirds in the world. The reasons for its population decline are unknown, but recommended protection measures and management actions focus on the species’ breeding site. Threats to the species away from Christmas Island have received little consideration. Here, we report on several previously undescribed anthropogenic threats to Christmas Island Frigatebirds based on observations in Jakarta Bay, Indonesia: accidental entanglement in fishing gear, as well as capture, poisoning and shooting. Based on these findings, we suggest that it is imperative to reconsider the present management strategies and conservation priorities for the species and to urgently include protection measures away from Christmas Island. Keywords: Christmas Island Frigatebird, Fregata andrewsi, conservation, mortality, anthropogenic threats, Jakarta Bay, Southeast Asia INTRODUCTION Christmas Island Frigatebirds are exposed to threats in Southeast Asian waters, namely in Jakarta Bay, Indonesia, that might contribute The Christmas Island Frigatebird Fregata andrewsi is one of the to the unexplained population decline of the species.
    [Show full text]
  • Pdf 199.4 Kb
    6XEPLVVLRQÃWRÃWKHÃ3URGXFWLYLW\Ã&RPPLVVLRQ *DPEOLQJÃ,QTXLU\ Australian Casino Association DECEMBER 1998 SUBMISSION TO THE PRODUCTIVITY COMMISSION GAMBLING INQUIRY i Contents ([HFXWLYHÃVXPPDU\ LLL ,QWURGXFWLRQ $XVWUDOLD·VÃ&DVLQRÃ,QGXVWU\ 2.1 Overview of the casino industry 2 2.1.1 Industry scope 2 2.1.2 The nature of casino gambling 3 2.1.3 Main industry features 3 2.2 Casino industry performance 6 2.3 Casino industry employment 7 2.4 Premium players 9 2.5 Contribution of the casino industry 10 2.5.1 Value added 10 2.5.2 Indirect contribution 11 2.6 Visitors to casinos 12 &DVLQRÃ7D[DWLRQ 3.1 The nature of casino taxation and charges 14 3.2 Trends in casino taxation 17 3.3 Tax reform and the casino industry 19 ,QGXVWU\ÃUHJXODWLRQ &RQVXPHUÃEHQHILWVÃDQGÃSUREOHP JDPEOLQJ 5.1 Consumer benefits 24 5.2 Problem gambling 24 ,QWHUQHWÃ*DPEOLQJÃDQGÃWKHÃ&DVLQR ,QGXVWU\ $GHTXDF\ÃRIÃ$%6Ã&DVLQRÃ,QGXVWU\ 6WDWLVWLFV 5HIHUHQFHV SUBMISSION TO THE PRODUCTIVITY COMMISSION GAMBLING INQUIRY ii 7DEOHV Table 1: Australian Casinos 2 Table 3: Casino industry summary 4 Table 5: Sources of casino income 5 Table 7: Characteristics of casino employment 8 Table 9: Main casino occupations, 1996-97 9 Table 11: Casino visitors 12 Table 13: Casino Taxes — States and Territories 15 &KDUWV Chart 1: Gambling income: all gambling and casinos, and year of introduction of casino gambling 5 Chart 3: Profit margin: all businesses and casinos 7 Chart 5: Return on assets: all businesses, casinos and the 10 year bond rate 7 Chart 7: Casino industry value added 11 Chart
    [Show full text]
  • Endemic Species of Christmas Island, Indian Ocean D.J
    RECORDS OF THE WESTERN AUSTRALIAN MUSEUM 34 055–114 (2019) DOI: 10.18195/issn.0312-3162.34(2).2019.055-114 Endemic species of Christmas Island, Indian Ocean D.J. James1, P.T. Green2, W.F. Humphreys3,4 and J.C.Z. Woinarski5 1 73 Pozieres Ave, Milperra, New South Wales 2214, Australia. 2 Department of Ecology, Environment and Evolution, La Trobe University, Melbourne, Victoria 3083, Australia. 3 Western Australian Museum, Locked Bag 49, Welshpool DC, Western Australia 6986, Australia. 4 School of Biological Sciences, The University of Western Australia, 35 Stirling Highway, Crawley, Western Australia 6009, Australia. 5 NESP Threatened Species Recovery Hub, Charles Darwin University, Casuarina, Northern Territory 0909, Australia, Corresponding author: [email protected] ABSTRACT – Many oceanic islands have high levels of endemism, but also high rates of extinction, such that island species constitute a markedly disproportionate share of the world’s extinctions. One important foundation for the conservation of biodiversity on islands is an inventory of endemic species. In the absence of a comprehensive inventory, conservation effort often defaults to a focus on the better-known and more conspicuous species (typically mammals and birds). Although this component of island biota often needs such conservation attention, such focus may mean that less conspicuous endemic species (especially invertebrates) are neglected and suffer high rates of loss. In this paper, we review the available literature and online resources to compile a list of endemic species that is as comprehensive as possible for the 137 km2 oceanic Christmas Island, an Australian territory in the north-eastern Indian Ocean.
    [Show full text]
  • Proposed Management Plan for Cats and Black Rats on Christmas Island
    Proposed management plan for cats and black rats on Christmas Island Dave Algar and Michael Johnston 2010294-0710 Recommended citation: Algar, D & Johnston, M. 2010. Proposed Management plan for cats and black rats of Christmas Island, Western Australian Department of Environment and Conservation. ISBN: 978-1-921703-10-2 PROPOSED MANAGEMENT PLAN FOR CATS AND BLACK RATS ON CHRISTMAS ISLAND Dave Algar1 and Michael Johnston2 1 Department of Environment and Conservation, Science Division, Wildlife Place, Woodvale, Western Australia 6946 2 Department of Sustainability and Environment, Arthur Rylah Institute for Environmental Research, 123 Brown Street, Heidelberg, Victoria 3084 July 2010 Front cover Main: Feral cat at South Point, Christmas Island (Dave Algar). Top left: Feral cat approaching bait suspension device on Christmas Island (Scoutguard trail camera). Top right: Black rats in bait station on Cocos (Keeling) Islands that excludes land crabs (Neil Hamilton). ii Proposed management plan for cats and black rats on Christmas Island iii Proposed management plan for cats and black rats on Christmas Island Contents LIST OF FIGURES VI LIST OF TABLES VI ACKNOWLEDGMENTS VII REPORT OUTLINE 1 1. BACKGROUND 3 1.1 Impact of invasive cats and rats on endemic island fauna 3 1.2 Impact of feral cats and rats on Christmas Island 3 1.3 Introduction of cats and rats onto Christmas Island 7 1.4 Previous studies on the management of cats and rats on Christmas Island 8 1.4.1 Feral cat abundance and distribution 8 1.4.2 Feral cat diet 8 1.4.3 Rat abundance and distribution 9 1.5 Review of current control measures on Christmas Island 9 1.5.1 Management of domestic and stray cats in settled areas 9 1.5.2 Management of feral cats 10 1.5.3 Rat management 10 1.6 Recommendations to control/eradicate cats and black rats on Christmas Island 10 2.
    [Show full text]
  • Introduction 3
    1 ,QWURGXFWLRQ The inquiry process 1.1 On 8 November 2000 the Senate referred matters relating to the tender process for the sale of the Christmas Island Casino and Resort to the Joint Standing Committee on the National Capital and External Territories, for inquiry and report by 5 April 2001. The reporting date was subsequently extended to 27 September 2001. The full terms of reference are set out at the beginning of this report. 1.2 The inquiry was advertised in the Territories’ Tattler on 1 December 2000 and nationally in The Australian on 6 December 2000. The Committee also wrote to relevant Commonwealth Departments and to a number of organisations, inviting submissions. 1.3 The Committee received fifteen submissions, which are listed at Appendix A, and eleven exhibits, listed at Appendix B. Submissions are available from the Committee’s web site at: www.aph.gov.au/house/committee/ncet 1.4 The Committee held public hearings in Canberra in February and June 2001, and in Perth and Christmas Island in April 2001. Details are listed at Appendix C. Structure of the report 1.5 This report is divided into six chapters. Chapter One provides a background to the inquiry and details on the social, political and economic framework of the Island; 2 RISKY BUSINESS Chapter Two details the history and operation of the Christmas Island Casino and Resort, from its opening in 1993 to its closure in 1998; Chapter Three details the tender and sale process of the casino and resort; Chapter Four examines the conduct of the tender process; Chapter Five examines the outcome of the sale of the casino and resort; and Chapter Six details a number of broader community concerns which formed the context of the inquiry.
    [Show full text]
  • Automatic Exchange of Information (AEI) List of Counterparty Jurisdictions for Your Accounts Booked in British Virgin Islands
    ab Automatic Exchange of Information (AEI) List of Counterparty Jurisdictions for your accounts booked in British Virgin Islands Disclaimer UBS AG and its affiliated entities (UBS) does not provide legal or tax advice and this summary does not constitute such advice. UBS strongly recommends all persons considering the information described in this summary obtain appropriate independent legal, tax and other professional advice. This summary is for your information only and is not intended as an offer, or a solicitation of an offer to buy or sell any product or other specific services. Although all pieces of information and views expressed in this summary were obtained from sources believed to be reliable and in good faith, neither representation nor warranty, express or implied is made as to its accuracy or completeness. The general explanations included in this summary cannot address your personal situation and financial needs. All information is subject to change without notice. This summary may not be reproduced or copies circulated without prior authority of UBS. The status of a jurisdiction can change at any time. Whilst UBS will use all reasonable endeavors to update this list, there may be changes which become effective before a revised list is published. Information to be reported will depend on the status of the client's jurisdiction(s) of tax residence at the cut-off date for reporting and such status may differ from the status displayed on this list. Information contained in the below table does not imply the expression of any opinion whatsoever concerning the legal status of any territory or of its authorities.
    [Show full text]
  • G3 June 2018
    Reports INDIAN OCEAN RESORTS P58 NEWSWIRE / INTERACTIVE / MARKET DATA Indian Ocean Exotic, relaxing and luxurious The Indian Ocean resorts are a dream holiday destination offering an idyllic backdrop of world-class hotels, crystal clear waters and pristine sandy beaches. Casinos are a key offer on many of the island resorts. Here, we take a look at Christmas Island, the Seychelles, Sri Lanka and Mauritius. Far-flung exotic islands in the Indian Ocean build a second terminal due to open in 2021. The boasting emerald waters and luxurious resorts airport is bursting at the seams and exceeding its are a dream destination for many of us and the capacity with 9.9 million travellers using the figures prove it. Tourism has been increasing airport in 2017. steadily over the last decade or so due to better air connections. Meanwhile, the Seychelles is anticipating a growth in tourism figures after BA announced With Asia, Africa and Australia all bordering this the reintroduction of a route between Heathrow vast expanse of water many of the top airlines and the Seychelles International Airport on Mahé now offer economy flights to the island resorts. last year after an absence of 14 years. Edelweiss For example, there are direct flights from the UK Air began flights from Zurich last year and Air to Mauritius, Sri Lanka and the Maldives, whilst France has resumed its link from Paris Charles de the airport on Mahé in the Maldives extended its Gaulle to the island after a 20 years. runway last year to welcome super jumbo flights. Links to the Asian market are also being The longer runway is part of Mahé airport’s developed.
    [Show full text]
  • Review of Tourism – the Cocos (Keeling) Islands and Christmas Island Indian Ocean Territories Regional Development Organisation – Tourism Review July 2020 Contents
    Review of Tourism – The Cocos (Keeling) Islands and Christmas Island Indian Ocean Territories Regional Development Organisation – Tourism Review July 2020 Contents Executive Summary 3 Background 5 Critical Assessment 7 Review Findings 25 Deloitte Indian Ocean Territories Tourism Review 2 Executive Summary Tourism Review of the Indian Ocean Territories Context The Indian Ocean Territories (IOTs) are Australia’s most isolated population. In close proximity The Review Phase of this project included an analysis of tourism literature and current and to South-East Asia and with remarkably diverse landscapes, tourism in the IOTs has the forecast global trends to capture best practice methods to incorporate in the IOTs. This included potential to significantly grow the regional economy, providing sustainable business and reviewing Australian and international jurisdictions to understand how destinations have invested employment opportunities. in tourism to drive economies. Tourism on the Cocos (Keeling) Islands has traditionally been driven by kite surfing during the Deloitte completed a comprehensive consultation process that included seven workshops across trade wind season when accommodation is frequently at capacity. With abundant natural the IOTs, one-on-one meetings with stakeholders on the Cocos (Keeling) Islands, one-on-one beauty on land and underwater, a unique cultural identity and scheduled airport runway meetings with stakeholders on Christmas Island, one-on-one meetings with stakeholders in Perth, upgrade, the Cocos (Keeling) Islands are well placed to create a thriving tourism industry. phone interviews and follow-up submissions. The purpose of the Consultation Phase was to understand strengths, weaknesses, barriers to growth and opportunities that can drive tourism in The Christmas Island economy has been dependent on phosphate mining and Government the IOTs and to ensure the future direction of tourism in the IOTs is driven by tourism employed at the Detention Centre.
    [Show full text]