When the last squash ship left Nuku‘alofa early this month for Japan it concluded the 2004 squash season. Tonga exported a total of 13,00 tones to Japan this year.
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Results for Business
Monday 29 November 2004
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Nuku'alofa, Tonga
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Thursday 25 November 2004
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Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank for October increased by $8.1 million from $79 million to $87.1 million, an amount equivalent to 5.4 months of imports of goods.
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Tuesday 26 October 2004
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Nuku'alofa, Tonga
The Port Services Ltd., the sole handler of cargo at Nuku'alofa's Queen Salote Wharf since 1999, will cease operation on October 30 ... ending a five year privatisation venture that led to disappointment for investors, frustrated by the Port Authority's refusal to allow an increase in their tariffs.
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Monday 18 October 2004
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Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank of Tonga in September 2004 was $79 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 12 October 2004
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Nuku'alofa, Tonga
Two Tongan business women, 'Ofa Simiki and 'Elenoa 'Amanaki were last night awarded by the Princess Regent, Princess Pilolelvu Tuita, with the inaugural Westpac Business Women of the Year awards.
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Tuesday 12 October 2004
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Nuku'alofa, Tonga
The Tonga Communication Corporation had connected 9,000 subscribers to its U-Call mobile telephone service by October 2004. Timote Katoanga, Deputy Manager for TCC said that this was a tremendous jump from 2,000 U-Call subscribers recorded in the previous three months.
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Tuesday 28 September 2004
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Nuku'alofa, Tonga
Tonga's official foreign reserves held by the National Reserve Bank for August, stood at $78.4 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 28 September 2004
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London, UK
Britain is planning a new effort to help poor countries reduce their huge debts by offering to pay off 10 percent of the total owed to international agencies and challenging other nations to follow suit, said Gordon Brown, the chancellor of the Exchequer.
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Saturday 25 September 2004
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Nuku'alofa, Tonga
A new loan allocation for Tonga from the Asian Development Bank will be decided on early next year, said Rolf Eckermann, a member of an ADB Executive Directors delegation who visited Tonga this week.
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Thursday 23 September 2004
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Nuku'alofa, Tonga
The Tongan wild seaweed, limutanga'u, or Angel's Hair, is becoming popular in Japan and this season a local company Tangle Nano Company Ltd. will export 1,430 tonnes, bringing in $2 million pa'anga in export earnings.
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Thursday 16 September 2004
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Nuku'alofa, Tonga
The first shipment of Tongan squash for Japan for 2004 is expected to leave Nuku'alofa in early October, but this year the Tonga Squash Council takes control of the Squash Industry, and is setting a maximum of 16,500 tonnes for export.
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Friday 10 September 2004
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Nuku'alofa, Tonga
The official foreign reserves held by the National Reserve Bank decreased by $0.2 million in July 2004, from $89.7 million to $89.5 million, an amount equivalent to 5.5 months of imports of goods.
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Wednesday 8 September 2004
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Nuku'alofa, Tonga
FlyNiu Airlines will close down this week following a Supreme Court ruling this morning.
The FlyNiu CEO 'Atu Finau this afternoon in a Press Conference said that they had accepted the court decision with much regret. He said that the biggest loser is the travelling public who will no longer have the right to choose which airline they want to fly with.
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Tuesday 7 September 2004
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Nuku'alofa, Tonga
The Shoreline Group of Companies has parted company with its main financier the ANZ Bank. At the end of last month ANZ ceased to do the billing for Shoreline Power, it closed down its branch at the Shoreline Headquarters and removed its ATM machine from outside the building.
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Monday 23 August 2004
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Nuku‘alofa, Tonga
The Chairman of Shoreline Communication Ltd., Crown Prince Tupouto'a, this morning, August 23, signed a multi million dollar supply and build contract with Huawei Technologies of China.
Huawei Technologies, a high-tech enterprise which specializes in research and development, production and the marketing of communications equipment, was awarded the contract by Shoreline Communication Ltd. for the upgrading and the expanding of its Tonfön wireless telephone network.
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Monday 23 August 2004
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Nuku'alofa, Tonga
The Peau Vava‘u Airways will start flying a 10-seater Islander aircraft to the Niuas and to ‘Eua this week, said Mosikaka Moengangongo, project manager.
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Wednesday 18 August 2004
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Nuku'alofa, Tonga
Queen Halaevalu Mata‘aho will officially open Tonga's 2004 Agricultural and Industrial Show at Angaha, Niuafo‘ou, on August 25.
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Tuesday 17 August 2004
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Nuku'alofa, Tonga
Spumante corks were popping, along with cheers of relief at the FlyNiu Airlines office after the granting at 12.37 pm by Chief Justice Webster of an injunction quashing the revocation of the FlyNiu Airline licence to operate by the Civil Aviation on August 14.
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Monday 16 August 2004
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Nuku'alofa, Tonga
Tonga's FlyNiu Airline is fighting a sudden government decision to revoke its domestic air licence under a new one airline policy for Tonga.
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Friday 13 August 2004
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Nuku'alofa, Tonga
Trade relations between Tonga and the Peoples' Republic of China reached a new height this week, with the first visit to Tonga by a high level trade delegation from China to assess investment opportunities in power supply, information technology, agriculture, import and export. They also included banking and risk management officials.
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