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Results for public enterprises

Thursday 3 September 2020

Nuku'alofa, Tonga
New directors for the Tonga Government's 12 Public Enterprises have been appointed from September 1 for one-year, the government announced.
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Wednesday 12 February 2020

Nuku'alofa, Tonga
Paying to the shareholder a combined total tax of $1.9 million during the financial year 2018/19 – the Transport Sector Public Enterprises reports a return to the shareholder and the people of Tonga, a total dividend and tax of $5.5 million for their performance during the financial year 2018/19, an increase of 57% from the financial year 2017/18. The Transport Sector Public Enterprises consists of the Ports Authority Tonga, Tonga Airports Limited, and the Friendly Island Shipping Agency.
Wednesday 12 December 2018

Nuku'alofa, Tonga
A total dividend and tax of $3.5 million pa'anga for the Financial Year 2017/18 was paid to the government shareholder by the Shared Transport Sector Public Enterprises this week. Chairman Dr Sione Ngongo Kioa reported that Ports Authority Tonga (PAT), Tonga Airports Ltd. (TAL) and Friendly Islands Shipping Agency (FISA) continued to maintain their combined net profit before tax above the $8 million mark. The dividend is 25% of net profits and the remaining 75% of net profits after taxes will support the Transport Sector's critical projects.
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 12 May 2017

Nuku'alofa, Tonga
The Chinese will take over the running of Tonga in a few years time, Tonga’s Prime Minister, Hon. ‘Akilisi Pohiva told an incredulous Press Conference he called yesterday, 11 May at Popua. He was commenting on the low-productivity rate of Tongan workers, after he was asked why so few Tongans were employed by Chinese construction companies in Tonga. AUDIO FILE ADDED.
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Thursday 20 April 2017

Nuku'alofa, Tonga
Tonga's state owned enterprises are featured on an updated website of the Ministry of Public Enterprises, that was launched by Hon. Poasi Tei, the Minister of Public Enterprises and Tatafu Moeaki, the Asian Development Bank Representative this morning, 19 April at the Tonga Post Building.
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Sunday 19 June 2016

Nuku'alofa, Tonga
A Maori Trust from New Zealand has been granted leases over the ‘Eua Forest Reserve, and at least 50 years control over a former public enterprise Tonga Forest Products Ltd, the Tonga government announced on June 17.
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Thursday 10 March 2016
Nuku'alofa, Tonga
A claim by a new Public Enterprise director ‘Ahongalu Fusimalohi in a radio interview that there was $4-8 million pa'anga held in the Operational Account of the Tonga Broadcasting Commission when he and his father, the late Tavake Fusimalohi, left employment with TBC many years ago, has sent the accounting staff of TBC on a search for the alleged missing millions; while a former manager, 'Elenoa 'Amanaki has come out on national television and challenged the veracity of 'Ahongalu's statement.
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Wednesday 7 October 2015
Nuku'alofa, Tonga
The restructuring of the boards for Public Enterprises (shared boards) scheme is an ill-advised business model. – Sione Mokofisi.
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Saturday 18 February 2012

Nuku'alofa, Tonga
A government that does not allow its people to decide for themselves the credibility of information that is in the public arena, is a government that is scared of its people, Tonga's Deputy Prime Minister Hon. Samiu Vaipulu told a workshop to consider a Freedom of Information Policy for Tonga on February 13.
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Monday 25 February 2008
Nuku'alofa, Tonga
Starting in January 2009 all directorate positions in Tonga's public enterprise boards will be filled from the private sector.
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Thursday 1 July 2004
Nuku'alofa, Tonga
The government investment on public and private companies amounted to $110 million, and the total loss on these investments is about $51 million. From the House, Minute No. 13, Monday 21 June 2004.
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