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Results for Economy

Tuesday 9 July 2013
Nuku'alofa, Tonga
Economic cooperation with the emerging Asian economies is important for the economic recovery of Pacific Islands, Forum Economic Ministers agreed at the 17th Forum Economic Ministers Meeting (FEMM) in Nuku'alofa from 4-5 July.
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Wednesday 3 July 2013
Nuku'alofa, Tonga
The Tonga Communications Corporation (TCC) announced a net profit of T$1.7 million for the last financial year for 2011-12 and will pay the government a 25% dividend.
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Friday 28 June 2013
Nuku'alofa, Tonga
The Tonga government's biggest-ever budget estimate of T$357.6 million for the 2013-14 financial-year was unanimously passed by parliament yesterday evening, 27 June. From the House by Pesi Fonua.
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Wednesday 19 June 2013
Nuku'alofa, Tonga
Petroleum prices in Tonga increased slightly on Monday 17 June.
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Friday 14 June 2013
Nuku'alofa, Tonga
Tonga needs to find ways to boost the local economy, said HM King Tupou VI when he opened the 2013 Session of the Legislative Assembly of Tonga at Parliament House, on June 13.
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Wednesday 1 May 2013
Manila, Philippines
The Asian Development Bank (ADB) has elected its new president. Japan’s Former Vice Minister of Finance for International Affairs, Takehiko Nakao will succeed Haruhiko Kuroda, also a former Japanese Parliamentarian who handed in his resignation in March.
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Friday 15 June 2012
Canberra, Australia
Australia is the largest single ultimate destination for Chinese direct investment, and though Australia is a relatively small economy, it is likely to remain one of China's largest foreign investment destinations for a while to come. At the same time, the scale and pace of growth in Chinese direct investment has led to populist reactions that have challenged the open investment regime in Australia and, in particular, raised policy questions about whether investments by state-owned enterprises (SOEs) need to be treated differently from private investment. By Peter Drysdale, Australia National University.
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Saturday 9 June 2012
Nuku'alofa, Tonga
The Tonga Government is facing up to the challenges presented by the current global financial crisis by developing a strategic plan to revive the economy, HM King Tupou VI said in opening Tonga's 2012-13 parliamentary session yesterday, June 7. He reminded the MPS that the livelihood of the people was in their hands.
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Wednesday 23 May 2012
Tokyo, Japan
Growth in developing East Asia and Pacific is strong but slowing, region needs to become less reliant on exports and capture new sources of growth, says World Bank East Asia & Pacific Economic Update.
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Wednesday 11 April 2012
Manila, Philippines
Economic growth in the Pacific region is expected to slow to 6.0% in 2012, decelerating further to 4.1% in 2013, while inflation is expected to hold at moderate levels in much of the Pacific, according to the Asian Development Outlook 2012, released today by the Asian Development Bank (ADB).
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Friday 4 April 2008
Manila, Philippines
While the Pacific region is expected to see some economic progress this year - mainly due to increases in commodity prices, tourism and investor-friendly policies - weak governance will continue to hinder the region's ability to make significant gains, according to the 2008 edition of the Asian Development Bank's (ADB) flagship annual economic publication, Asian Development Outlook (ADO).
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Thursday 7 February 2008
USA
My friends, we are at a crossroad where the inhabitants of the kingdom must have a "Come to Jesus" huddle and an honest to God assessment of her dire economic situation and look hard for a solution to prevent our kingdom from insolvency. Based on Honorable Matoto's assessment of our economy, the kingdom is technically on economic welfare (remittance and foreign aid). - Tama Foa
Tuesday 8 January 2008
Nuku'alofa, Tonga
An elderly Italian, who reputedly earns $100,000 annually from growing tomatoes on one acre of sandy soil, told the Taimi of December 27 that Tongans are hard workers, but they need organization and direction. The solution to Tonga's economic woes is in the hands of the Tongans themselves. Highlights from Tonga's newspapers, December 26, 2007- January 3 2008. An English translation summary by Tevita Fonua.
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Tuesday 18 September 2007
Manila, Philippines
Top global and regional trade officials along with key private sector representatives will gather in Manila on 19-20 September to discuss how to empower less developed economies and small states to benefit from global trade.
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Tuesday 27 March 2007
Manila, Philippines
The Pacific economies grew by 3.1 percent in 2006, picking up from 2.5% growth in 2005, says the 2007 edition of ADB's flagship annual economic publication, Asian Development Outlook (ADO).
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Saturday 24 March 2007
Suve, Fiji
Pacific Regional Economic Integration Programme (PACREIP) received a boost of over F$4m (...€2 million) from the European Union (EU) yesterday.
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Saturday 24 March 2007
Nuku'alofa, Tonga
At its meeting today, the Board of Directors of the National Reserve Bank of Tonga agreed to reduce the Statutory Required Reserves Ratio from 12.5% to 10% effective from April 2, 2007. The decision was made against a background of tight liquidity in the banking system.
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Tuesday 10 January 2006
Nuku'alofa, Tonga
Tonga's government, civil service and the public, "should know that we are now at rock bottom, we can't go any further, we have to rebuild ourselves and move on from there," says Tonga's Minister of Labour, Commerce and Industries, Hon. Dr Feleti Sevele, interviewed in the New Year.
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Tuesday 31 May 2005
Texas, USA
I am deeply concerned over what I read and what I see on the internet. I am in a wheel chair due to my health. I am only thirty nine years old and at one time in my life I had no hope. I was angry at the world and at people, my story may sound familiar too you, and you may have grown tried of hearing it. But three wonderful Tongan men taught me to have hope, they reached out to a stranger and showed that true friendship knows no color, it knows no religion, it can be between the young and the old, the sick and those who have health. It is one of our world's greatest gifts and it is the one of the base ingredients for hope. - Larry Norton
Wednesday 25 May 2005
Suva, Fiji
So where is Tonga heading? In fact Tonga is quite a unique case. The country has very little natural resources to speak of, except its people whose remittances sustain the economy. Because the Tongans are very attached to their homeland and are proud of their heritage and identity, so in some sense they are being held economic hostage by the rulers, as the only tangible influence they can exert is to withhold sending money home. But that only punishes their loved ones.

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