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Results for Economy

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.
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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.
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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.
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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.
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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.
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