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Thursday 28 July 2016
Nuku'alofa, Tonga
The Pacific International Commercial Bank (PICB), a Chinese-Tongan venture had its license revoked by the National Reserve Bank of Tonga Board of Directors on Tuesday, 26 July. The bank when opened two years ago had a board of six people, four from China and two from Tonga.
Tuesday 26 July 2016

Nuku'alofa, Tonga
Tonga and China are discussing trade, but there’s stiff competition to sell products in China. “You have to promote how good your products are,” a Chinese trade official Mr Jiang Shan told Tongan Journalists at China’s Ministry of Commerce in Beijing in June. By Finau Fonua
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Friday 22 July 2016

Nuku'alofa, Tonga
A new LPG refilling station owned by Tonga Gas Ltd. and Homegas Ltd., was opened today by Crown Prince Tupouto’a ‘Ulukalala at Mataki’eua to provide better accessibility to customers who live in the rural villages of Tongatapu.
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Friday 22 July 2016

Nuku'alofa, Tonga
A four-man technical team known as CERT (or the Tonga National Computer Emergency Response Team) was launched by government on 15 July as a step toward enforcing the new Communications Act 2015 and the Communications Commission Act 2015 that were passed by Parliament last year, to guard Tonga from the dark side of the internet.
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Wednesday 20 July 2016
Nuku'alofa, Tonga
The building of a 1.3MW wind power generation system is possible for Tonga following a preparatory survey by Japan International Cooperation Agency conducted from June 29 to July 15.
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Friday 15 July 2016

Nuku'alofa, Tonga
A goal of year round agricultural harvesting of top quality organic vegetables is within reach for Tonga, except that farmers need to understand just how valuable pig shit really is in order to achieve this. A remarkable method of “biogas farming” using pigs and their waste to produce high yield top quality produce could transform subsistence farming incomes. It’s been demonstrated that a properly run biogas farm in Tonga can earn $200,000 or more a year - yet the opportunity is not being fully realized. By Eleanor Gee
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Friday 15 July 2016
Nuku'alofa, Tonga
Increase in prices for diesel and kerosene will continue from July to August, while petrol remains steady in Tonga starting on Monday, 18 July.
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Friday 8 July 2016
Nuku'alofa, Tonga
Significant increases in prices for petrol and diesel took effect from July 1-15 in Tonga, due to increase in duty starting today Thursday, 7 July.
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Saturday 2 July 2016

Nuku'alofa, Tonga
A ban on selling bread on Sundays will be enforced tomorrow, July 3. The ban, which was pushed for by church leaders and supported by members of parliament, re-enforces one of Tonga’s oldest laws, which forbids commercial undertakings on the Sabbath. However, owners of Tonga’s two biggest bakeries told Matangi Tonga Online that the ban would likely result in job losses because bakeries have been trading on Sunday for over 30 years.
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Thursday 23 June 2016
Nuku'alofa, Tonga
In its latest state of the economy report, the International Monetary Fund (IMF) has called on Tonga to improve its debt management, make broader reforms to increase revenue, and to effectively manage public spending. In the IMF’s 2016 Article IV report released this week, Tonga was also encouraged to continue to seek concessional and grant financing for the South Pacific Games, while the report welcomed Tonga’s efforts in curbing the wage bill and avoiding cost overruns. It urged Tonga to provide more opportunities for private sector development.
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Sunday 19 June 2016

Nuku'alofa, Tonga
A Maori Trust from New Zealand has been granted leases over the ‘Eua Forest Reserve, and at least 50 years control over a former public enterprise Tonga Forest Products Ltd, the Tonga government announced on June 17.
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Wednesday 15 June 2016
Nuku'alofa, Tonga
Higher oil prices, a weaker pa’anga and Tonga’s new Foreign Exchange Levy have combined to significantly drive up the new prices for petrol, diesel and kerosene in Tonga for June to July, starting tomorrow Thursday, 16 June, the Competent Authority has announced.
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Wednesday 15 June 2016
Nuku'alofa, Tonga
The banks’ Automatic Teller Machines (ATM’s) in Tonga are not able to add on a charge for the government’s new Foreign Exchange Levy introduced on June 1, and the banks are absorbing the cost of the levy on overseas transactions made through ATMs.
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Friday 3 June 2016
Nuku'alofa, Tonga
Tonga has received a $3 million grant and a $3 million loan approved by the Asian Development Bank (ADB) to strengthen long-term economic growth and to have the capacity to respond to external economic shocks such as those caused by natural disasters.
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Wednesday 1 June 2016

Nuku'alofa, Tonga
Tonga’s bankers, who fought to stop the imposition of a new Foreign Exchange Levy that came into effect today June 1, say the legislation is poorly drafted and imposes an unfair tax on the financial sector, which will be passed on to the community – particularly affecting remittances.
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Friday 20 May 2016
Nuku'alofa, Tonga
Flour supplies are reported to be back to normal in Tongatapu, after wholesalers ran short early this month, said one of the island’s major bakers. Shipping cancellations and delays had contributed to a short supply of flour, but fresh stock was on the market today.
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Friday 20 May 2016
Nuku'alofa, Tonga
ANZ has reduced its International Money Transfer fees from New Zealand to Tonga, Samoa and Vanuatu aimed to make it easier for remittances that support incomes across the region.
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Wednesday 18 May 2016

Nuku'alofa, Tonga
Tonga’s goal of opening up a potential new market in China for its squash exports is another step closer. This week Chinese and Tongan officials agreed on the standards and processes that need to be met for a successful squash export partnership between the two countries.
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Friday 13 May 2016
Nuku'alofa, Tonga
Prices for petrol, diesel and kerosene will continue to increase in Tonga for May to June starting on Monday, 16 May.
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Thursday 12 May 2016
Nuku'alofa, Tonga
Half a seniti of “the bank’s spread” of every pa’anga that is bought and sold through Tonga’s foreign exchange services will be charged, starting 1 June 2016, after a foreign exchange levy was endorsed by Tonga’s government to help fund the 2019 Pacific Games. [updated]
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