Results for Business

Robert Matthews from Australia has been appointed as the new CEO of the Tonga Power Ltd starting in Nuku'alofa on 9 March for the next three-years.

A desperate move by the Tongan Government to address demands by the International Civil Aviation Organization (ICAO) for Tonga to upgrade its Aviation Safety Regulations resulted in the grounding of the MA60 aircraft and a restriction on the size of aircraft for its outer islands domestic air services.

Confusion over changed ownership of the government newspaper, the Tonga Weekly, has left the publisher-editor Faka'osi Maama and his staff deeply concerned over their jobs and the future of the paper, which has stalled during the take-over.

Customers who took out loans from a Microfinance Scheme at the Tonga Development Bank held a Holiday Market Festival on December 4-5 to sell their locally made products and produce in Ma'ufanga.

The Tongan Government has reversed its earlier decision and agreed that it “will not revoke or suspend Real Tonga's air operator's certificate” to run the domestic air service in Tonga.

Three mothers won the Business Women of the Year Awards 2014 on September 8 for establishing small businesses using the South Pacific Business Development Microfinance program. Photos by Linny Folau.

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.

The ANZ Tonga bank today donated $15,000 pa’anga to the Tonga Red Cross to assist with the relief efforts in Ha’apai following the devastation left by Tropical Cyclone Ian On January 11.

Tonga Power Ltd. paid the Tonga government a dividend of $389,369 pa’anga on Tuesday, 10 December at the Annual General Meeting of the Tonga Power Board, as the first part of a T$1 million dividend for the financial year.