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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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Tuesday 3 May 2016

Nuku'alofa, Tonga
Sour consumers are complaining that small bags of sugar are selling in Tonga for up to $50 per kilo - far exceeding the regulated price of $4 per kilo, during an ongoing sugar shortage that has continued for around two weeks now. By Linny Folau.
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Thursday 28 April 2016

Nuku'alofa, Tonga
Food Security for Tonga is at the heart of the new ‘Tonga 2015 National Agricultural Census’ report that was released this morning, 28 April in Nuku’alofa. It is Tonga’s first Agricultural Census since 2001, and there has been a lack of reliable statistics for government planners and policy makers in the industry, which has seen a declining contribution to GDP over the last decade.
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Tuesday 19 April 2016

Nuku'alofa, Tonga
The Tonga Development Bank this month offered new soft loan terms for borrowers from the government’s multi millions Business Investment Incentive Fund that has been administered by TDB since 2014.
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Monday 18 April 2016
Nuku'alofa, Tonga
Prices for petrol, diesel and kerosene in Tonga for April to May this year will increase starting today, Monday 18 April.
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Tuesday 5 April 2016

A contract to start the construction of a new hospital and a three bedroom staff quarter on Niuatoputapu was signed on April 4 2016, with over $2 million funding by the European Union. The project follows the 2009 tsunami that destroyed the hospital, homes, and businesses on the remote island.
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Thursday 31 March 2016

Nuku'alofa, Tonga
Up to half a million pa’anga of “unclaimed” money held in bank accounts at the Bank of the South Pacific in Nuku’alofa will be swallowed up by the government in June if the amounts are not claimed by the owners soon. Several accounts belonging to the King of Tonga, as well as an Emergency Relief Trust Fund, a private retirement fund, and funds belonging to societies and groups such as the Tonga Society of Accountants, the Sisters of Mercy, the Ferry Princess Ashika Vava’u Victims Fund, the Friendly Island Teachers Association, and numerous PTA accounts, along with those of individuals and a few companies, will be included in a mass transfer of funds if unclaimed.
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Tuesday 29 March 2016

Nuku'alofa, Tonga
Japan yesterday agreed to commit $3.6 million pa’anga to Tonga to purchase goods, which may include sports equipment, to help promote economic and social development efforts.
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Wednesday 23 March 2016
Nuku'alofa, Tonga
US$2 million in concessional financing approved by the World Bank on 16 March will support Tonga’s efforts to create “a more inclusive and resilient economy” through policy reform. It is to be funded with US$1 million credit and US$1 million grant, provided through the International Development Association, the World Bank’s fund for poorest countries.
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Thursday 17 March 2016
Nuku'alofa, Tonga
A two-day private sector consultation is being held this week on March 17-18 in Nuku’alofa, to discuss the potential implications of the Regional Pacer Plus Agreement (PACER Plus) on Tonga’s private sector, following the closing of previous consultations hosted by Tonga’s Ministry of Foreign Affairs and Trade and the Tonga Chamber of Commerce and Industry with representatives from the private sector and the Office of the Chief Trade Adviser (OCTA).
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