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Thursday 31 March 2016

Nuku'alofa, Tonga
Up to half a million pa’anga of “unclaimed” money held in bank accounts at the Bank of the South Pacific in Nuku’alofa will be swallowed up by the government in June if the amounts are not claimed by the owners soon. Several accounts belonging to the King of Tonga, as well as an Emergency Relief Trust Fund, a private retirement fund, and funds belonging to societies and groups such as the Tonga Society of Accountants, the Sisters of Mercy, the Ferry Princess Ashika Vava’u Victims Fund, the Friendly Island Teachers Association, and numerous PTA accounts, along with those of individuals and a few companies, will be included in a mass transfer of funds if unclaimed.
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Tuesday 29 March 2016

Nuku'alofa, Tonga
Japan yesterday agreed to commit $3.6 million pa'anga to Tonga to purchase goods, which may include sports equipment, to help promote economic and social development efforts.
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Wednesday 17 February 2016
Sydney, Australia
rivate sector reforms are leading to increases in business investment across the Pacific, including Tonga, according to the latest Pacific Private Sector Development Initiative (PSDI) progress report for the 2014-15 period.
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Wednesday 20 January 2016
Nuku'alofa, Tonga
Tonga and the rest of the Pacific Islands could tap into an online market to create thousands of jobs in IT-related industries according to a World Bank study released in December.
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Thursday 3 December 2015
Nuku'alofa, Tonga
Tonga civil service has been awarded a 5% pay increase back dated to 1 July 2015, and to be paid before December 22.
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Friday 23 October 2015

Nuku'alofa, Tonga
Tonga and Forum Island Countries (FIC) will benefit from enhanced regional trade and economic integration under the Pacific Agreement on Closer Economic Relations (PACER) Plus Agreement, with Australia and New Zealand.
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Wednesday 15 July 2015
Nuku'alofa, Tonga
The economies of 14 developing member countries in the Pacific are expected to be unstable during 2015-2016, according to Pacific Economic Monitor Midyear Review, launched by the Asian Development Bank in Suva today, 15 July.
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Friday 27 February 2015
Nuku'alofa, Tonga
Pacific Island states are calling for a greater mutual recognition of qualifications between Pacific countries and Australia and New Zealand in the hope that it would boost labour mobility.
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Monday 25 August 2014
Nuku'alofa, Tonga
Low interest loans will be available to the Private Sector from a new government investment incentive fund that is being managed through the Tonga Development Bank, Ministry of Finance and National Planning announced today.
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Saturday 21 June 2014
Suva, Fiji
Which is better for financing the budget: foreign aid or debt? That is always the question before Pacific island countries (PICs) each year. The dilemma becomes acute when the future is uncertain with mounting public debts and rising debt servicing obligations. By T. K. Jayaraman
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Tuesday 27 May 2014
Tarawa, Kiribati
Trade ministers from around the region will attend the Pacific Forum Trade Ministers tomorrow 28 May in Tarawa, Kiribati.
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Friday 4 April 2014
Nuku'alofa, Tonga
The Ha’apai Group will not be joining the Royal Agricultural, Fisheries and Industrial Shows in 2014 due to the extensive damage caused by Tropical Cyclone Ian in January this year.
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Friday 28 March 2014
Nadi, Fiji
Fiji is a lap ahead of Tonga when it comes to export initiative. A Fijian business was able to successfully secure an export of 13 tonnes of frozen vegetables, fruits, root crops and fish for the United States last week.
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Thursday 13 March 2014
Nuku'alofa, Tonga
“Hardship” is the new word describing poverty in the Pacific Islands, where “the label of poverty is considered culturally inappropriate,” according to a report released by the World Bank this week, that highlights the increasing concerns over the vulnerability of many people living in its 11 member countries.
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Wednesday 19 February 2014
Nuku'alofa, Tonga
The World Bank has announced that it will fund repairs to damaged port, airport and roads in Ha’apai. “Cyclone Ian has caused devastating losses to thousands of people and will require long term efforts to rebuild safer and stronger,” the bank's Director for the Pacific Islands, Franz Dress-gross stated this week.
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Saturday 15 February 2014
Noumea, New Caledonia
There is a urgent need for Pacific nations to rise above national agendas and act regionally, to respond effectively to the economic crisis in the Pacific’s albacore long line fisheries, warns the Pacific Islands Forum Fisheries Agency Director-General James Movick. Pacific countries will also need to confront distant water fishing nations to reconcile their narrow fishing interests with their broader role as key strategic and development partners of this region, he said.
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Thursday 13 February 2014
Nuku'alofa, Tonga
The Tongan Government is offering for sale 40% of its shares in the Tonga Development Bank.
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Monday 19 August 2013
Nuku‘alofa, Tonga
Tonga's government has imposed new Duties on unhealthy foods along with higher Excise Tax Rates on tobacco products, and slashed tobacco concessions for arriving passengers by half, in an effort to encourage “healthy living”.
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Friday 2 August 2013
Nuku'alofa, Tonga
The Tonga Chamber of Commerce and Industry Inc. elected its council for 2013-14, and there was no contest for the nominations at its Annual General Meeting in Nuku'alofa, last night.
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Wednesday 10 July 2013
Nuku'alofa, Tonga
A new commercial bank, the Pacific International Commercial Bank, was awarded a license to operate by the National Reserve Bank of Tonga on July 2, and is expected to open in about six months time as the fifth bank in Tonga.
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