Can Tonga grow its economy? Asked if it was possible I would answer with a resounding Yes! There may be a need for some outside help, but there is an excess of unused talent and a large underutilized work force here that has proven itself in the past. - Dean Bishoprick
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Results for Tongan Economy
Monday 8 April 2019
Nuku'alofa, Tonga
Scenic Hotels left Tonga abruptly two weeks ago after 8 years in their facility near the airport. Whether it was a problem with their landlord, their partner, or their own decision; one thing is clear – they were not making money and except for walking away from a large investment did not appear to be unhappy to leave Tonga. - Dean Bishoprick
Monday 12 December 2016
2 comments
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Nuku'alofa, Tonga
Economic forecasts show that while the Tongan economy is expected to grow by 3.1 % in the current financial year up to 30 June 2017, it will not maintain that growth rate.
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Wednesday 2 December 2015
1 comment
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Nuku'alofa, Tonga
A waning commitment by the Tongan government to reform has caused delays in grants for budget support and raises concerns regarding long-term fiscal sustainability, the Asian Development Bank warns in the December 2015 issue of the Pacific Economic Monitor - Budget Analysis. Tonga's budget plans for FY2016 will see another large increase in public spending.
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Friday 9 January 2015
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Nuku'alofa, Tonga
Running a business in Tonga is getting harder, according to a new World Bank report titled “Doing Business 2015”. The annual report assesses the “ease of doing business” in countries across the world. Tonga's ranking was dragged down by poor ratings for property registration, difficulties in resolving insolvency and poor shareholder rights.
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Thursday 7 August 2014
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Washington, USA
A need to continue to improve the business environment in Tonga and to bolster confidence is stressed by the International Monetary Fund (IMF) in its 2014 country report for Tonga released today, which also notes that the Tongan economy is rebounding supported by agricultural exports and post-cyclone reconstruction activity.
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Wednesday 9 July 2014
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Nuku'alofa, Tonga
An Asian Development Bank report has stated that the Tongan economy grew 1.5% for the year 2014 (ending 30 June).
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Monday 14 October 2013
1 comment
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Nuku'alofa, Tonga
Tonga needs leadership to develop its economy - leadership with a vision to free itself from relying on aid donors to prop-up its struggling economy. Editor's Comment by Pesi Fonua
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Saturday 5 October 2013
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Nuku'alofa, Tonga
The Tongan economy will grow by only 0.3% in 2014, according to the Asian Development Bank Outlook ADO Update 2013 that was published this week. Tonga’s economic growth has been on a downward spiral since 2011.
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Saturday 27 February 1999
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Nuku'alofa, Tonga
There's no recovery in sight for Tonga’s continuing economic recession. The major players who could either toss the fish from the frying pan into the fire or onto the dinner table are the Tonga National Reserve Bank, the Treasury, the government ministries and the private sector. And the sooner that these players can function in unity, the sooner Tonga can start to pull ahead. Editor's Comment by Pesi Fonua. Matangi Tonga Magazine Vol. 14, no. 1, January 1999.
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