With the current exchange rate…of banks on NZD, this levy would reduce their margin on foreign exchange transactions by 60%. …This seems like a huge tax so one would expect that the banks would simply reduce the TOP paid out or increase the TOP to be paid by 1c for every unit of foreign currency received or paid out. - Peter Goldstern
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Results for Tonga
Tuesday 10 November 2015
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Nuku'alofa, Tonga
The implementation of the government’s controversial 1% Foreign Exchange Levy has been deferred again for a “few weeks”, stated the Minister of Finance, Hon. ‘Aisake Eke in a letter, dated 6 November, circulated to general managers of financial institutions in Nuku’alofa.

Tuesday 10 November 2015
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Nuku'alofa, Tonga
A group of 15 U.S. Peace Corps volunteers were sworn-in on Saturday, 7 November at ‘Anana, Tongatapu. They will teach English at primary and middle schools in rural Tongatapu and two outer islands.

Monday 9 November 2015
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Nuku'alofa, Tonga
Two stepbrothers who made a “brutal and ruthless” attack on a market gardener at Longolongo last year, were each sentenced to seven-years nine-months imprisonment. Mr Justice Cato said the sentence "must reflect the need to protect the public from this kind of offending."

Monday 9 November 2015
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Nuku'alofa, Tonga
Tonga Police are looking for three men, including the driver of a vehicle that crashed into the entrance of the Queen Mother’s residence, Tufumahina, on Sunday, 8 November.

Monday 9 November 2015
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Nuku'alofa, Tonga
A Remembrance Sunday Service to remember the Tongan soldiers who served and fell on the battlefields of the First and the Second World Wars, was held yesterday, 8 November, at a new location at the front of the National Flag Station, Mala’e Pangai. Photos by Pesi Fonua

Monday 9 November 2015
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Nuku'alofa, Tonga
Tonga has accumulated a Foreign Reserve of $311.7 million pa’anga at the end of September, while its domestic inflation rate was 3.2% for September, according to the latest figures on the National Reserve Bank of Tonga website.

Saturday 7 November 2015
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Nuku'alofa, Tonga
The solitary soldier atop Tonga’s Cenotaph was removed from Pangai Si'i on November 5 and crossed Taufa’ahau Road where, dangling from a crane and in the protective arms of a serviceman, he was lowered to a new position next to the National Flag Station - in time for Remembrance Sunday Service tomorrow November 8. Photos by Linny Folau and Peter Poulsen.

Friday 6 November 2015
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Nuku'alofa, Tonga
'Afofa Ta’ai (49) was sentenced to prison for two-years six-months for falsification of accounts and embezzling $51,829 pa’anga from his employer Homegas Ltd on 5 October, at the Nuku’alofa Supreme Court.

Thursday 5 November 2015
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Nuku'alofa, Tonga
An application by Hon. ‘Etuate Lavulavu to add a counterclaim against Viliami Uasike Latu was dismissed by Lord Chief Justice O. G. Paulsen in the Nuku‘alofa Supreme Court on 16 October. The Chief Justice stated that Lavulavu's counterclaim was "both irrelevant and useless".

Wednesday 4 November 2015
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'Eua, Tonga
'Eua netball players are aiming to make the grade for the national team in time for the Pacific Games in 2019. Some 32 teams from 12 netball clubs on 'Eua competed in the island's netball tournament that finished on Saturday, 31 October at Malau Field.

Wednesday 4 November 2015
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Nuku'alofa, Tonga
The Foreign Exchange Levy Act 2015 that was originally scheduled to be implemented on 21 October, finally came into force yesterday, November 3, allowing government to collect one seniti from the banks on every pa'anga sold or purchased in foreign exchange transactions.

Tuesday 3 November 2015
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Nuku'alofa, Tonga
The Legislative Assembly of Tonga has been adjourned to reconvene sometime early next year. No date has been confirmed at this stage.

Tuesday 3 November 2015
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Nuku'alofa, Tonga
Tonga’s initiative to open up a new export market for Tongan squash in China could lead to first shipments as early as next season (2016) – if the Chinese government is satisfied that Tonga’s produce does not present a “high risk” for food safety and biosecurity - and that means that Tonga's produce has to be clean to a high standard, throughout the growing, packing and export process.

Monday 2 November 2015
Nuku'alofa, Tonga
Tonga might expect two or three cyclones in the 2015-16 Cyclone Season, which started yesterday, November 1, continuing for at least six months until the end of April.
Friday 30 October 2015
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Nuku'alofa, Tonga
Four Tongan nationals have been charged with forgery and related charges, following a complaint over a passport application that allegedly involved a forged birth certificate.

Thursday 29 October 2015
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Nuku'alofa, Tonga
The soft closing of the Tongan Parliament’s 2015 Session has been deferred indefinitely, according to the clerk of the Tongan Parliament, Dr Sione Vikilani.

Thursday 29 October 2015
Nuku'alofa, Tonga
Now that Government has found a way to levy a 1% taxation on remittances...it adds to the high currency transaction fees that the banks and fund transfer operators are already charging ordinary folks. Instead of finding ways to improve the economy, Government is once again robbing people of the only source of income from the hard labor of their loved ones living and working overseas. – Sione Ake-mei-hakau Mokofisi.
Wednesday 28 October 2015
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Nuku'alofa, Tonga
Tonga’s new Foreign Exchange Levy Act 2015 that came into force on Wednesday last week has disrupted the movement of foreign exchange in and out of the country, as bankers do not know how to apply it.

Wednesday 28 October 2015
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Nuku'alofa, Tonga
Tonga Police arrested a 30 year old man from Hofoa and seized 289 Cannabis plants from a plantation in Puke on Saturday, 24 October 2015. Another man was arrested yesterday on a Nuku'alofa street corner with 32 packs of marijuana.
