Results for Business

Tonga's first solar farm "Maama Mai" or "Let there be light" began operation on August 20, and customers should see a reduction in the price of electricity on their first power bill in September.

Tonga has reversed its decision to close the fishing of sea cucumbers for three years and re-opened in June with 10 licenses issued bringing the government some short term cash in licensing fees, but against the best advice of its fisheries experts who warn that closure is the best option for managing the sea cucumber stock sustainably.

The installation of new solar power systems for over 500 homes in 11 remote islands communities in Vava'u and small islands off Tongatapu, began with an official groundbreaking ceremony at Hunga Island, on July 24, at the start of an $11 million renewable energy project funded by the Government of Japan for the people of Tonga.

Developing and strengthening the capacity of Forum Fisheries Agency members to harvest and control tuna resources in a sustainable way was a key issue to be discussed at the 8th Annual Ministerial Forum Fisheries Committee Meeting held from June 28-29 in Tonga.

A project to reduce the cost of sending remittances from New Zealand and Australia to Tonga and seven other Pacific islands is succeeding, Kim Hailwood and Jonathan Capal of Developing Markets Associates Ltd, said in Tonga on Wednesday, June 13.

A continue decline of Tonga's foreign currency earnings has stifled the growth of the Tongan economy, the Governor of the National Reserve Bank of Tonga, Mrs Siosi Mafi said this morning, May 31.

Tonga has closed the fishing of sea cucumbers for three years, starting this year to allow the stock to recover from overfishing and illegal fishing.

Pacific countries cannot be left isolated from regional economic integration initiatives in the Asia-Pacific region.

Cell phone users in Tonga can now use their mobile phones in much the same way as they can use a plastic banking card to pay for goods and services in shops, and they do not need a bank account to transfer and receive money from overseas.