A year after signing hydrocarbons exploration and mining agreements with the Tonga Government, a US-based venture capitalist group announced in Nuku'alofa on January 27 that they aimed to start exploratory drilling for oil in Tonga's seabed in 2014 - and they celebrated the occasion with not only a project presentation but also a guest performance by a Las Vegas singer flown to Tonga.
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Results for Business
Monday 31 January 2011
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Nuku'alofa, Tonga
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Monday 17 January 2011
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Nuku'alofa, Tonga
A new service that allows people in Tonga to transfer money and pay bills using their mobile phones was introduced by Digicel Tonga in January. by Finau Fonua.
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Friday 14 January 2011
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Nuku'alofa, Tonga
Tonga's Foreign Reserve for December 2010 that was held by the National Reserve Bank of Tonga, rose by $9.5 million to $177.5 million compared to $168.0 million in November 2010 and $160.4 million in December 2009.
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Wednesday 1 December 2010
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Nuku'alofa, Tonga
Tonga's ANZ Bank staff were the first to step out in new uniforms yesterday, ahead of the bank's other branches in 32 countries around the world.
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Monday 15 November 2010
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Nuku'alofa, Tonga
Tonga Power Ltd made a $1 million pa'anga dividend payment to the Government on November 10, the first time ever for a government-owned electricity provider to pay the Tonga government dividend.
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Tuesday 9 November 2010
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Nuku'alofa, Tonga
While the domestic economy shows signs of recovery, the outlook looks weak, according to the National Reserve Bank of Tonga.
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Saturday 30 October 2010
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Nuku'alofa, Tonga
A large civic clock on the front of the Tonga Post office in central Nuku'alofa was handed over to the Tongan community on Thursday, October 28 after it was unveiled and accepted by the Prime Minister of Tonga Hon Dr Feleti Sevele.
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Thursday 14 October 2010
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Nuku'alofa, Tonga
Tonga's hope to resume exporting watermelon to New Zealand by the end of September was not realised, but there is a hope that the new fumigation facility would be eventually certified by New Zealand.
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Wednesday 22 September 2010
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Nuku'alofa, Tonga
The Kingdom of Tonga has given notice that it wishes to terminate the joint venture agreement supporting the weekly Air New Zealand service connecting Nuku'alofa and 'Apia with Los Angeles. The service will be suspended at the end of January 2011.
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Tuesday 14 September 2010
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Nuku'alofa, Tonga
As the harvesting season for sea cucumbers draws to a close on September 30, a total of 23 licenses have been issued to local operators who have exported to date up to 150 tonnes of dried beche de mers to Asian markets such as Hong Kong.
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Saturday 21 August 2010
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Nuku'alofa, Tonga
The ownership of a research report on Tonga for the Global Entrepreneurship Monitor has become a matter of contention between two groups of academic researchers from the Unitec Institute of Technology, New Zealand.
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Tuesday 10 August 2010
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Nuku'alofa, Tonga
Tonga expects to start exporting more vegetables to New Zealand in September, including chilli pepper and eggplants to be followed by fruits such as watermelon, pawpaw and mangoes in season.
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Wednesday 28 July 2010
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Nuku'alofa, Tonga
The new four-storey Taumoepeau Building that is towering over central Nuku'alofa and expected to be opened in August is the first to rise out of the ashes of the riot of November 11 2006, that destroyed a large area of the central Nuku'alofa Business District.
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Thursday 1 July 2010
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Nuku'alofa, Tonga
Faced with continuing drops in remittances and two years of negative growth, Tonga's financial planners have turned to aid donors to support the national budget for the new financial year 2010-11, in order to meet a current deficit of $12.1 million pa'anga, as well as multi-million pa'anga development budget needs.
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Thursday 24 June 2010
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Abu Dhabi, UAE
On June 24, in Abu Dhabi, IRENA and the Kingdom of Tonga will hold an official Signing Ceremony of the IRENA Abu Dhabi Declaration on the Tonga Energy Road Map 2010-20. The ceremony is an important milestone in the successful, on-going partnership between IRENA and the Pacific Kingdom. That partnership has resulted in Tonga going from being almost 100% dependent on imported diesel for electrical generation, to having one of the most ambitious energy plans in the world.
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Wednesday 2 June 2010
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Nuku'alofa, Tonga
Local business leaders gathered on Friday to take part in a mentors workshop as part of the Business Mentoring Programme which is being coordinated by the Tonga Chamber of Commerce in conjunction with the New Zealand organisation, Business Mentors New Zealand.
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Monday 31 May 2010
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Nuku'alofa, Tonga
The popular Billfish Bar and Restaurant on the Nuku'alofa waterfront celebrated its 15th birthday on May 4.
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Friday 21 May 2010
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Nuku'alofa, Tonga
Licenses for the harvesting and the exporting of Bech-de-mers from Tonga have been issued to eleven operators so far, since the beginning of the Bech-de-mers harvesting season on April 1.
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Monday 10 May 2010
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Nuku'alofa, Tonga
A house fire caused by a candle razed a home situated beside the Janfull International Dateline Hotel at around 4:00 am this morning, March 10. Fortunately, the occupants including a mother and her one-year-old baby escaped without injuries.
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Saturday 8 May 2010
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Nuku'alofa, Tonga
Nuku'alofa's Fire Services saved the lower deck of the Pacific Blue 18, after the fishing vessel's wheelhouse caught on fire on Friday morning, May 7 at Faua Wharf.
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