You are here

Results for Economy

Tuesday 25 September 2001

Nuku‘alofa, Tonga
The tragedy in America and the possibility of a long drawn out war between the USA and an enemy, which had yet to be clearly identified, could have a negative impact on the Tongan economy, said Tonga’s Minister of Finance, and the Governor of Tonga National Reserve Bank, Hon. Siosiua ‘Otuikamanu. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
Node is premium Premium content
Tuesday 25 September 2001

Nuku‘alofa, Tonga
The Tonga Trust Fund was created with the Tonga Trust Fund Act on 3 November 1988. At that time there was US$33 million in the account of the TTF with the Bank of America at 2.7% to 3% interest. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
Node is premium Premium content
Tuesday 25 September 2001

Nuku‘alofa, Tonga
On September 25 in the Tongan Legislature, the Deputy Prime Minister Hon. Tevita Tupou, elaborated a new scheme for recovering the Tonga Trust Fund. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
Node is premium Premium content
Tuesday 25 September 2001

Nuku‘alofa, Tonga
When the Tonga Trust fund was established by in 1988 its purpose was as a kind of safety net for Tonga to accumulate moneys to be held in trust as a foreign reserve fund for the Kingdom to use in exceptional circumstances, and for future major development projects. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
Node is premium Premium content
Tuesday 25 September 2001

Nuku‘alofa, Tonga
One of the Tongan government’s most adventurous money-making projects, the Tonga Trust Fund is in deep trouble. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
Node is premium Premium content
Saturday 30 June 2001

Nuku‘alofa, Tonga
The Tongan economy is expected to remain sluggish during the next financial year 2001/02. The Budget statement of Tonga’s new Minister of Finance, Hon. Sosiua ‘Utoikamanu, presented to parliament on June 5 said there would be no significant economic growth during the new financial year. Instead there will be a slight drop in the growth of GDP, from 4.4% in real terms last year to 3.2% in the new financial year. The Inflation rate is expected to remain at the current peak 8%, after slowly rising from 4.2% in February 2000 and 7.1% in December 2000. These are the highest levels since the early 1990s. From Matangi Tonga Magazine, Vol. 16, no. 1, June 2001.
Node is premium Premium content
Saturday 30 June 2001

Nuku'alofa, Tonga
A review of the Tongan economy by scholars and economic thinkers at the University of the South Pacific, Tonga campus, on May 29 was a bit like a group of growers assessing the possible yield that they could expect to get from what they perceived to be a well-cultivated plantation. However, their findings also revealed a mixed bag of economic abnormalities. From Matangi Tonga Magazine, Vol. 16, no. 1, June 2001.
Node is premium Premium content
Saturday 30 June 2001

Nuku‘alofa, Tonga
If by July Tonga has not repealed its 1984 Off-Shore Banking Act, the 29 member countries of the Organisation for Economic Co-operation and Development (OECD) will endorse a ‘Defensive Action’ against Tonga and six other Pacific island countries. From Matangi Tonga Magazine, Vol. 16, no. 1, June 2001.
Node is premium Premium content
Saturday 30 September 2000

Nuku'alofa, Tonga
Consumption is up as economic activity increases in Tonga. Trade figures for the first quarter of 2000 compared to the same period in 1999, for selected Tonga imports. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
Node is premium Premium content
Saturday 30 September 2000

Nuku‘alofa, Tonga
Tonga’s struggle to maintain its foreign earnings at a level that will allow it to continue to trade with overseas countries, and to build up its economy so that it can be part of the so called Global Economy, remains an up-hill battle. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
Node is premium Premium content
Saturday 30 September 2000

Nuku'alofa, Tonga
The Tonga Trust Fund was established by the Tonga Trust Fund Act on 3 November 1988. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
Node is premium Premium content
Saturday 30 September 2000

Nuku‘alofa, Tonga
Tonga has all the right ingredients to ride in the unprecedented rising tide of economic growth that was currently being enjoyed by the USA and other countries of the world, the American Ambassador to Tonga, Mr M. Osman Siddique, said at the launching of the Tonga-USA Business Council, at the Dateline Hotel on September 1. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
Node is premium Premium content
Thursday 1 June 2000

Nuku'alofa, Tonga
Tonga’s first budget for the 21st century is the biggest and probably the most controversial budget that has ever been presented to the Tongan Parliament. From Matangi Tonga Magazine Vol. 15, no. 2, June 2000.
Node is premium Premium content
Saturday 27 February 1999

Nuku‘alofa, Tonga
Afu‘alo Matoto has taken over the leadership role of the TDB at a time when the Bank is expected to play a major role in reviving the Tongan economy, by providing capital for the development of the agricultural, fisheries and tourism industries - areas that urgently need development to pull the country out of its current economic recession. But he says Tonga needs to first resolve its leadership crisis: “We need to crystallise our position and to take action.” By Pesi Fonua. Matangi Tonga Magazine Vol. 14, no. 1, January 1999.
Node is premium Premium content
Sunday 20 December 1998

Nuku‘alofa, Tonga
Tonga’s new High Temperature Forced Air Treatment machine at the Fua‘amotu Airport, could be processing tons of fruit daily for export, but it is lying idle most of the time because there is no export produce to be treated. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.
Node is premium Premium content
Sunday 20 December 1998

Nuku'alofa, Tonga
Tonga’s biggest hotels face closure before the year 2000. The Pacific Royale Hotel, the International Date­line Hotel, the Friendly Islander Motel and the Royal Sunset Resort are fighting an up-hill battle to keep their doors open, and to remain in business. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.
Node is premium Premium content
Sunday 20 December 1998

Nuku‘alofa, Tonga
Tonga's economic downturn will not be turned around until the island country finds a way to get seriously into exports as a way of life. Incentives to attract investors and motivation to make people work remain elusive goals, while waiting for a plan of action. By Pesi Fonua. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.
Node is premium Premium content
Sunday 20 December 1998

Nuku‘alofa, Tonga
The Tonga Development Bank introduced a Venture Capital Scheme in 1993, but that is now on hold according to ‘Etikeni Samani, a senior assistant manager in human resource development and admini­­­­stration. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.
Node is premium Premium content
Thursday 1 October 1998

Nuku‘alofa, Tonga
The value of the Tongan pa‘anga has continued to drop against the currencies of Tonga’s major trading partners during the past eight months.
Node is premium Premium content
Saturday 26 September 1998

Nuku‘alofa, Tonga
Tonga’s National Reserve Bank wants Tongans to cut down on overseas spending to slow the decline of the foreign reserves, and on September 14 announced new measures to restrain bank lending.
Node is premium Premium content

Pages