Bank of South Pacific Tonga Limited (BSP) today, Friday 10 March, 2023, announced a Net Profit after Tax of T$13.4 million pa'anga for the financial year ending 31 December, 2022. BSP Tonga Country Head Marcellina Rose Wolfgramm-Haapai said, “The Net Profit after Tax for FY2022 was 13.4% above the 2021 performance and achieved from improved Operating Income.
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Results for Business
Friday 10 March 2023
Nuku'alofa, Tonga
Friday 1 April 2022
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Nuku'alofa, Tonga
Tongatapu businesses have been busy restocking and refilling goods and products today to be better able to meet customer demand tomorrow, Saturday, when they open their doors between 5:00am and 8:00pm during the current lockdown due to COVID-19. By Eleanor Gee.

Friday 26 November 2021
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Nuku'alofa, Tonga
Fifteen young Tongan women, who are starting out in business, joined a local networking event last week in a program that connects them with other aspiring “Greenpreneurs” and business leaders in their communities and in the Pacific Islands.

Thursday 25 November 2021
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Nuku'alofa, Tonga
Reports that the Interim Prime Minister, Hon. Rev Dr Pohiva Tu'i'onetoa early this month initiated a move to sell the government-owned Lulutai Airline Ltd. to an airline called FlyNiu, has stirred concern over the future of the domestic air service, and raised questions that have not been answered by the airline's board.

Monday 25 October 2021
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Melbourne, Australia
Australian telecommunications company, Telstra, announced today it will acquire Digicel Pacific for US$1.6 billion, in partnership with the Australian Government. Telstra plans to retain the same Digicel brand and the current Digicel Pacific management team will continue to lead the business.

Tuesday 11 May 2021
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Nuku'alofa, Tonga
The Tongan Government is rolling out business recovery support payments to those in the informal sector, who have suffered financial losses due to the COVID-19 pandemic.

Friday 20 November 2020
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Nuku'alofa, Tonga
Christmas activities organized by Digicel Tonga marked the beginning of the festive season, with the lighting of the Christmas tree at Digicel Square in the Nuku’alofa CBD this afternoon, 20 November.

Monday 16 November 2020
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Beijing, China
New York Times reporting: After eight years of talks, China and 14 other nations from Japan to New Zealand to Myanmar on Sunday formally signed one of the world’s largest regional free trade agreements, a pact shaped by Beijing partly as a counterweight to U.S. influence in the region.

Saturday 31 October 2020
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Aliaga, Turkey
New York Times reporting: Now, as the coronavirus pandemic continues to devastate the cruise industry, companies are downsizing their fleets and selling the ships for scrap. “We’ve never seen anything like this,” said Kamil Onal, chairman of the Ship Recyclers’ Association of Turkey. “Before the pandemic we mainly dismantled cargo ships, but now this has become the fate for cruise ships after months of sitting idle without passengers.”

Friday 17 July 2020
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Nuku'alofa, Tonga
As the impact of COVID-19 continues to be felt, 93% of Pacific businesses reported that not knowing how long the crisis will last is their main challenge. In Tonga 47% of businesses surveyed said they were not very confident in business survival after CoViD-19. Another 33% said they were somewhat confident, but only 20% of businesses in Tonga were very confident that their business would survive the CoViD- 19 crisis.

Tuesday 7 July 2020
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Nuku'alofa, Tonga
The CoViD-19 pandemic restrictions are creating long lasting economic damage to businesses in Tonga with loss of jobs and incomes, a statement from the Tonga Chamber of Commerce and Industry revealed today. They also expect negative impacts to worsen when CoViD-19 arrives.

Friday 24 April 2020
Nuku'alofa, Tonga
Most activities have been re-opened so why are bars and kava clubs still restricted? The answer can’t be to ensure that we adhere to social distancing – instead it must be an attempt to regulate the social activities to make sure we stay away from alcohol and kava, an unstated goal of the police and health ministries for years. It might be time to consider the positive side of these businesses as they provide a more healthy outlet for people than drinking in the streets or cars and they pay wages that help keep the economy going. - Dean Bishoprick
Wednesday 22 April 2020
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Nuku'alofa, Tonga
Tonga's tourist industry hit hard by Severe Tropical Cyclone Harold and CoViD-19 lockdowns this month will soon be allowed new duty free and CT free imports of building materials, along with other incentives, while all businesses are allowed an extension of time for filing some tax returns, Tonga's Revenue and Customs Services told the Tonga Chamber of Commerce and Industries yesterday.

Tuesday 14 April 2020
Nuku'alofa, Tonga
Local registered and informal businesses are now able to apply for assistance, under a $16.4 million pa’anga COVID-19 Business Economy Emergency Relief Fund.
Tuesday 17 March 2020
Singapore
In a deal that will strengthen shipping services network throughout the South Pacific, the Neptune Pacific Line (Neptune) announces it has acquired Pacific Direct Line (PDL) from PDL’s parent holding company, Pacific International Lines (PIL). The combined business will seamlessly link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets.
Friday 14 February 2020
Nuku'alofa, Tonga
Ten Tongans have completed training as coaches to help develop local industries, after undertaking a programme with Tonga Skills.
Thursday 8 August 2019
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Auckland, New Zealand
Tevita Funaki is the newly appointment Chairperson of the Pacific Business Trust in New Zealand.

Thursday 18 July 2019
New York, USA
Blaming manufacturing-job losses on low-wage foreign competition, or, increasingly, on automation has become a staple of populist politics in developed countries. Nowhere is this truer than in the United States, where President Donald Trump campaigned on the issue in 2016 and has since launched a trade war with China. But US workers have long faced another source of competition much closer to home: prison labour.
Friday 6 April 2018
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Nuku'alofa, Tonga
More than $1,000 pa’anga was stolen during a break-in at a business operated by the ‘Uiha and Sons Ltd on Salote Road on March 29.

Thursday 29 March 2018
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Nuku'alofa, Tonga
Thirteen seasonal program workers were awarded a business certificate of completion today, 29 March, at an awards event to support their long-term business goals in Tonga. The four week ‘Your Enterprise Scheme’ business program, is the first to be piloted in Tonga.
