Results for Business

Although Tonga’s economy continues to be weak, there are some positive indicators, according to a market update on July 1, by the Deputy Governor of Tonga’s National Reserve Bank, Jessie Cocker, who met with senior regional officers of ANZ Bank on June 28.

Tonga's first 11kW wind turbine was switched on by the Prime Minister Lord Tu'ivakano, on June 14 at Nakolo in Tongatapu. The Tonga Power Ltd. project aims to prove the viability of wind generation in order to make a larger wind farm in the future.

Tonga's high speed internet is expected to be launched on August 5, after a multi-million dollar submarine fibre optic cable network goes live. The landing of the first cable in Tonga was celebrated this morning in Sopu after the arrival of the 'Ile de Re' French cable ship from Fiji, on June 10.

Digicel Tonga's mobile money service received one of two awards won by Digicel in the Global Telecoms Business Innovation Awards 2013, announced in London, United Kingdom on June 5.

The cable ship “Ile de Re” is now in Suva and preparing to roll-out an 837km underwater fibre-optic cable line from Fiji to Tonga, in a $34 million project that will boost Tonga's internet capacity by 6000 times.

Tonga government officials told a Chinese business delegation that they would review a policy that imposes 15% consumption tax on business investments in Tonga. They also told the potential investors that tourism is "Tonga's most vibrant industry" and that Tonga has fish to give for fishing boats and it will speed up its process of issuing licenses to fish in Tonga's waters.

The Commonwealth is encouraging the G20 group of the world’s major economies to ensure that it protects and supports the development of smaller economies.

Tonga's upcoming high speed broadband capacity welcomed in Nuku'alofa this morning when the Prime Minister Lord Tu'ivakano opened the Tonga National Information and Communication Technology (ICT) Day at the Queen Memorial Hall in Nuku'alofa. Matangi Tonga Online is working at a booth in the Hall and as you are reading this article your location is shown as a dot on a world map.

Consultations on Tonga's Employment Relations Bill 2013 have been extended to 31 May 2013, and a revised bill is expected to go to parliament in August.