Results for Business

By 2030 an additional 37 million tonnes of fish per year will be needed to maintain current levels of fish consumption for an expanded world population. Because traditional capture fisheries have reached their maximum production levels, fish farming represents the only way to fill the gap. But it will only do so if it is promoted and managed in a responsible fashion.

The Tonga Chamber of Commerce and Industry is assisting the Pacific Islands Trade and Investment Commission (PITIC) in the coordination of a "Return to Roots Mission" by investors and buyers.

Orange Princess, a new variety of squash that the Global Trading Company Exporters Ltd. will export to South Korea for the first time this month, could rescue Tonga's struggling Squash Industry.

A black marlin weighing 390kg and over 4m long was hauled into the fish markets today from the Ekiaki a vessel which is owned by the Quality Fishing Co. and captained by Loseli Tuineau. The huge fish was caught last Tuesday, 36 miles north east of Kao.

The Tonga Customs Department reintroduced the charging of Customs Duties on personal belongings last week after a lapse of nearly two years.

Tonga's two main mobile communication providers, the Tonga Communication Corporation and Tonfon have teamed up their texting services, announcing on September 14 that their customers can now receive and send text messages to each other.

The Fung Shing Group of businesses is building a new 1,600 square meter double storey building at the site of the former Fung Shing Business Centre, which was looted and gutted on November 16 last year.

Tonga's Foreign Reserve of July fell by $1.3 million from $91.6 million in June, to $90.3 million in July, an amount equivalent to 4.3 months of imports of goods.

The new president of the World Bank, Bob Zoellick, has said it is "absolutely critical" that South Pacific nations be able to send guest workers to Australia.