Results for Business

Tonga faces a growing need to restrain public wage growth to decrease the share of wages in current spending, advises the Asian Development Bank’s Asian Development Outlook 2017.

Tongan fishing ventures buying deregistered old fishing boats up to 80 years old from New Zealand, using a soft loan scheme offered by government, are running into trouble in unsafe and uninsured boats.

LPG gas prices have jumped significantly starting today rising by 48 seniti per kilogram for Tongatapu and 42 seniti per kilogram for Vava’u compared to last month’s increase of 7 seniti per kilogram. Diesel has also slightly increased while petrol and kerosene prices went down marginally.

The first consignment of Tongan squash, shipped to China in December last year, has been cleared by authorities in Beijing, China and received positive feedback from the importer, Tianjin Foreign Trade Safe Co. Ltd.

A 35-member business delegation from New Zealand arrived in Tonga today on a four-day visit to explore opportunities for business investment and strengthen business links with Tonga.

Vailele Taukitoku the owner of the FV Losemani Fo'ou and one of six Tongan fishermen who were rescued by the German cruise ship The Albatros south of Tonga on Saturday, February 4, is thankful for their rescue and his safe return home to Tonga last night, but he's very sad that he's lost his little boat, and his fishing livelihood. "If we were given the batteries we could have fixed our boat and returned home. The sea - how it was rough at that point -was normal to us," he said. By Linny Folau

A National Financial Inclusion Strategy (NFIS) or action plan to deliver financial services at affordable costs to Tongans is being developed by the Pacific Financial Inclusion Programme (PFIP) and the National Reserve Bank of Tonga (NRBT) for the first time.

Tonga's Government this evening has refuted claims that it issued a casino license to a US company called Red Warrior Entertainment LLC, while admitting that it had supported two projects for a tourism investment facility, known as "Tavake Tamafua Investment Project", proposed by counterparts.

A new wind power generation system and grid stabilization system for Tonga being planned by JICA as a grant aid project with the Government of Japan is expected to offer a stable power supply and diversify Tongatapu's power supply sources.