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Results for Sponsored media release

Monday 27 November 2017
Nuku'alofa, Tonga
The year of 2018 will usher in the 20th anniversary of diplomatic ties between China and Tonga. Guided by the spirit of the 19th National Congress of CPC, China will work with Tonga to seize the opportunity, increase high-level contacts, expand the exchanges and cooperation and break new ground in the China-Tonga strategic partnership featuring mutual respect and common development, to bring more benefits to the two peoples and make new contribution to the peace, stability and prosperity of the Pacific Island countries.
Wednesday 22 November 2017

Nuku'alofa, Tonga
Federal Pacific Insurance and Finance in Tonga co-hosted a cocktail function with the National Reserve Bank of Tonga on November 16, attended by the delegates of the 32nd South Pacific Governors Meeting. The Governor of the National Reserve Bank of Tonga, Dr Sione Ngongo Kioa in thanking Federal Pacific for their hospitality for co-hosting the cocktail function, commented: “this is proof that partnerships between the public and private sectors are possible."
Wednesday 15 November 2017

Nuku'alofa, Tonga
The Chairman of the combined utility board, Mr Carl Sanft presented a cheque of $7,319,219 to the Minister of Public Enterprises, Hon. Poasi Tei as the utilities combined dividend and tax for the 2016/2017 financial year. This is a record dividend and tax and the highest to be paid to the shareholder, the Government of Tonga by a Public Enterprise.
Wednesday 15 November 2017

Nuku'alofa, Tonga
The Shared Transport Sector Public Enterprises – Ports Authority Tonga (PAT), Tonga Airports Limited (TAL) and the Friendly Island Shipping Agency (FISA) – concluded the Financial Year (FY) 2017 with an outstanding combined Net Profit Before Tax of $8.4 million, compared to $6.5 million in 2016,
Friday 3 November 2017

Nuku'alofa, Tonga
Six electrical Line Mechanics from Tongatapu and the outer islands will go to New Zealand for skills development, under an arrangement between Tonga Power Ltd. and Northpower Ltd. Since 2003, Northpower have recruited 34 line mechanics from Tonga.
Friday 4 August 2017
Dalian, China
Chinese Premier Li Keqiang said the new industrial revolution offers greater promise in fostering inclusive growth. Driven by Internet, digital and intelligent technologies, it has created new supply and demand, greatly expanded development space and brought unprecedented opportunities for equal participation. In a speech delivered at the opening ceremony of the Annual Meeting of the New Champions 2017 in Dalian recently, he said China is ready to work with all countries to achieve inclusive growth in economic globalization, but promoting inclusive growth requires the hard work of countries themselves.
Thursday 6 July 2017

Nuku'alofa, Tonga
Tonga's power tariffs have decreased by 4.66 seniti per kWh from 85.86 seniti per kWh to 81.20 seniti per kWh, from 1July 2017. This represents a 5.4% reduction in tariff from last quarter.
Thursday 6 July 2017

Nuku'alofa, Tonga
A roof top solar system at the Prince Wellington Ngu Hospital, Vava'u, was officially inaugurated on July 3 by Crown Prince Tupouto'a 'Ulukalala.
Tuesday 4 April 2017

Nuku'alofa, Tonga
Support to small business vital for the economy, ANZ Tonga Country Head, Manoa Kamikamica said as the bank launched a financial literacy program for small businesses, "MoneyMinded Business Basics for Small and Medium Enterprises" in Tonga.
Saturday 1 April 2017

Nuku'alofa, Tonga
Cargo throughput increased by 15% in 2016 compared to the previous year and this trend is expected to continue during major construction projects in the country, the Ports Authority Tonga stated in its 2016 Annual Report released today. Container throughput hit a record high and ships calls increased by 19% during the same period. Net Profit After Tax was $2.2 million, an increase of 16% from the 2014/15 result, allowing shareholders increased dividends. Pulusi 'o e Fakamatala Fakata’u 2016 – Ma'u Mafai ki he Ngaahi Taulanga 'o Tonga.
Friday 31 March 2017

Nuku'alofa, Tonga
In announcing a power increase of 2.84 seniti per unit (kWh) starting tomorrow April 1, Tonga Power Ltd. has offered a lifeline tariff reduction for their most vulnerable consumers due to the high power tariff of 85.86 seniti/kWh. The increase is attributed to diesel price movement.
Thursday 23 March 2017

Nuku'alofa, Tonga
An ATM skimming fraud currently occurring in Tonga has affected a number of BSP Visa debit cards and ANZ International access card holders, warns the Association of Banks in Tonga in a public notice today. Between 16-20 March 2017, BSP and ANZ Tonga customers have had fraudulent overseas transactions made to their accounts.
Friday 3 February 2017

Nuku'alofa, Tonga
A significant increase in the regulated price of diesel has been approved by the Competent Authority effective 16 January 2017. This has contributed to an increase of 15.40 seniti per litre (13.8%) from $1.1124 per litre in September 2016 to $1.2664 per litre in January 2017, Tonga Power Ltd. announced today. Makatu’unga ‘i he lahi e hiki ‘i he totongi ‘o e lolo tisolo ‘a ia na’e tali ‘e he Pule Fe’unga ke kamata gaue’aki ‘i he ‘aho 16 Sanuali 2017, kuo hiki ai e totongi ‘o e lolo ‘aki ‘a e seniti ‘e 15.40 ki he lita (13.8%) mei he $1.1124 ki he lita ‘i Sepitema 2016 ki he totongi fo’ou ko e $1.2664 ki he lita ‘i Sanuali 2017.
Thursday 22 September 2016

Nuku'alofa, Tonga
The New Zealand Government is investing to improve aviation safety in eight Pacific Countries, including Tonga. Land users around airports are urged to attend consultations to be carried out before a national project commences in October 2016 focusing on Fua'amotu Airport (Tongatapu), Lupepau'u Airport (Vava'u), Salote Mafile’o Pilolevu Airport (Ha'apai) and Kuini Mata'aho Airport (Niuatoputapu). Satellite technology will be used to develop new flight approaches, which will improve the ability of aircraft to land safely.
Monday 19 September 2016

Nuku'alofa, Tonga
A $10 million pa'anga project to build the largest solar energy plant in Tongatapu, follows the signing of a long term Power Purchase Agreement between Tonga Power Ltd. and a Chinese power producer on September 12, 2016, for the construction and commissioning of a 2 Megawatt solar facility at at Mata-ki-‘Eua, which is expected to be fully operational by mid-2017.
Friday 2 September 2016

Nuku'alofa, Tonga
Digicel has launched faster internet connectivity to Ha'apai and Vava'u, which is five times faster than the current speed and it will also match data experience currently in Tongatapu. The internet speed will increase from 1Mbps to 5Mbps with 200Mbps capacity.
Friday 12 August 2016
Nuku'alofa, Tonga
The Tonga Government has today reaffirmed its confidence in the investment agreement made recently with the Ngati Tahu Ngati Whaoa Trust from New Zealand. The government stated that a recent judgment made by the New Zealand High Court against the current Chairman of the Trust "was a private matter which does not...affect the Agreement that exists between the Trust and the Tongan Government."
Thursday 11 August 2016

Nuku'alofa, Tonga
The National Reserve Bank of Tonga has recommenced the pay out of claims by depositors and creditors of the former Pacific International Commercial Bank. In a statement on August 11, the NRBT said that payments may be collected from the NRBT. The license of the PICB was revoked by the Reserve Bank on July 26.
Thursday 28 July 2016

Nuku'alofa, Tonga
The National Reserve Bank of Tonga wishes to assure the public that despite the revocation of the banking licence of Pacific International Commercial Bank (PICB) effective from 26 July 2016, the banking system remains sound. While PICB represented a very small proportion of the total banking system, the banks in Tonga continue to be profitable and maintain strong liquidity and capital position.
Friday 1 July 2016

Nuku'alofa, Tonga
The Electricity Commission has approved the new power tariff of 72.11 seniti/kWh or a 2.12 seniti increase per kWh effective for the power consumption from 1st July 2016. The 2.12 seniti/kWh is an increase in the fuel tariff component for the price of electricity. This is due to the increase in the price of diesel which has gone up by 16 seniti since February 2016 as advised by the Competent Authority.

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