A program that aims to strengthen Tonga's capacity for disaster risk and finance management, launched a four-days training workshop on 5 September, in Nuku'alofa.
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Tuesday 6 September 2022
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Nuku'alofa, Tonga
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Friday 19 August 2022
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Nuku'alofa, Tonga
A new investment of NZ$8 million from New Zealand’s finance commitment was committed to Tonga’s Climate Change Fund. “We anticipate it could include initiatives such as projects to strengthen the resilience of public infrastructure, enhance coastal protections, reduce reliance on fossil fuels for energy and transport, and develop sustainable agriculture and protection for biodiversity,” Hon. Nanaia Mahuta said today.
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Monday 4 July 2022
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Washington D.C., U.S.A
Additional financing from the World Bank will strengthen Tonga’s resilience to future disasters and climate-related emergencies. The board has approved US$19.5 million (approximately TOP46 million) in additional funding for disaster recovery and resilience projects in Tonga. Since 2018, multiple disasters including Gita, Harold and Hunga, have caused an estimated US$457 million in damages and loss for Tonga.
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Monday 28 December 2020
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Nuku'alofa, Tonga
Digicel, the largest mobile business in the Western Pacific, owned by the Irish billionaire Denis O’Brien, “is being crawled over by buyers who see an opportunity to buy the key infrastructure, which is suffering from high debt levels and weak earnings because of the pandemic”, reported the Australian Financial Review on 18 December.
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Friday 2 October 2020
Nuku'alofa, Tonga
An Implementation Agreement for the extension and expansion of the Government Development Loan was signed on October 1 by the Chief Executive Officer of the Ministry of Finance, Balwyn Fa’otusia, and the CEO of the Tonga Development Bank, Leta Kami. The scheme will run for another five years up to 2025.
Tuesday 20 December 2016
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Nuku'alofa, Tonga
A renewable energy project to upgrade existing power distribution grid in Vava’u and 'Eua, to be completed by the end 2019, will get an additional USD$5 million from the Asian Development Bank. Half of the amount is a loan and the other half is a grant.
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Wednesday 2 March 2016
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Nuku'alofa, Tonga
The Tonga Development Bank plans to launch new commercial services this month, including foreign exchange and internet banking, as part of a three year expansion programme that began in 2014.
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Tuesday 5 November 2013
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Nuku'alofa, Tonga
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.
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Saturday 24 August 2013
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Nuku‘alofa, Tonga
The Tonga Energy Road Map (TERM), an agency that was established by the Tongan Cabinet in 2011 to implement Tonga's ten-year multi-million renewable energy planning, has not come under the government's budget for 2013-14.
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Sunday 10 June 2012
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Nuku'alofa, Tonga
Tonga's Minister of Finance, Hon. Lisiate 'Akolo presented a tight national budget of $332.2 million to the Prime Minister, Lord Tu'ivakano on Friday morning, June 8, at the Cabinet Room, and gave the public an opportunity to see an overview before it is tabled into parliament this week.
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Tonga weather forecast from yr.no, delivered by the Norwegian Meteorological Institute and the NRK. See also Fua'amotu Weather Forecasting Center, Tonga, for latest local weather bulletin.