Results for Business

Over 300 businesses and 4,000 employees are yet to be registered with the National Retirement Benefits Fund (NRBF), according to the NRBF Annual Report for 2014 released last week, for its second year of operation.

The inflation rate for the month of August this year 2014 was almost three times higher than the inflation rate for the month of August last year 2013.

The Tongan currency (Pa’anga) has shown a continuing decline against the New Zealand and Australian dollars over the last 15 years, and the pa'anga is, arguably, in its worst year ever against its major trading partners.

A current attempt by the Tongan government to attract business investments, and to revitalize business growth by offering very low interest loans, so far appears to remain an unattractive proposition for businesses in Tonga.

State Owned Enterprises constrain island countries economies, where they absorb large amounts of scarce capital and are generally low in productivity and services, according to an ADB report that was released early this month.

New sustainable energy partnerships were announced by the Secretariat of the Pacific Community (SPC) on September 4 in Apia.

Siutoni Tupou, Tonga's new Export Pathway Manager, today received a new vehicle, and equipment to help her maintain an important working relationship between Tonga's export farmers and the Ministry of Agriculture, Food, Forests and Fisheries, assisted by the Australian-funded Pacific Horticulture and Agricultural Market Access Program (PHAMA).

Four newly refurbished Massey Ferguson tractors have arrived in Tonga, destined for villages in ‘Eua and Niuafo’ou island to help increase their agricultural activities.

Cheaper fuel prices have been announced by the Tonga Competent Authority to be effective from Monday 18 August.