Tonga’s banks remain flush with funds, and are being urged to lend more to help stimulate an economy that looks as if it has stalled this year, as all key industries in Tonga except for construction recorded falls in lending, according to figures released today.
Digicel Tonga presented the Special Olympics Tonga Association (SOTA) with $2,000 cash to support eight Tongan athletes to the Asia Pacific Games in Newcastle, Australia next week.
Central bankers from six Pacific Island countries including Tonga, are in Sydney this week, looking at ways to strengthen mobile banking in the region.
Tonga has been ranked among the Pacific region’s top performers for implementing business reforms over the last year, according to a World Bank Group annual report, however, the reason for the ranking is being questioned by those who look at business performance in Tonga.
Women’s businesses were showcased tonight at the annual pre-Christmas WISE Market Night, held by Women in Sustainable Enterprises (WISE) Tonga Inc. in central Nuku’alofa. Stall-holders attracted a crowd who were entertained by local musicians as they browsed the food, handicrafts, jewellery and other products with many locally-made products on display and for sale. The market opened at 5:30pm in the Fund Management Ltd. courtyard Hala Taufa’ahau and will run until 9:00pm tonight, Friday.
Fiji free-to-air and privately-owned broadcaster Mai TV (Fiji) Limited has appointed Tongan, Marc Santos as its new general manager.
Vanilla growers in Tonga are being offered a partnership deal with an Australian family-owned food company, Queen Fine Foods, to help develop the production of high-quality Tongan vanilla in return for supply.
Increased opportunites for Tongan migrant workers and lower fees for students going to New Zealand and Australia, along with other development assistance goals, are among key advantages being sought by Tonga in its PACER Plus free trade negotiations.
Real Tonga’s 17-seater aircraft arrived at Fua’amotu Domestic Airport from Vanuatu on March 11, after being delayed for a week. The aircraft began operation this afternoon with flights to Vava’u.
Emigration is invaluable to Tonga if its economy is to improve, according to a new Labour Market study on the demand for skills training in Tonga.