A cheque for $7.5 million pa'anga was paid to the Tonga Development Bank from the Public Service Retirement Fund Board (PSRFB) for its purchase of a 15% shareholding in the government-owned bank, increasing the number of shareholders to three.
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Saturday 8 June 2019
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Nuku'alofa, Tonga
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Thursday 6 June 2019
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Nuku'alofa, Tonga
A $5 million grant has been approved by the Asian Development Bank (ADB) to continue helping Tonga strengthen its fiscal position on June 6. The funds will be released after Tonga adopts prudent policies and better public financial management, aiming to improve Tonga’s business climate with policy, regulator and public enterprise reforms.
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Tuesday 4 June 2019
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Nuku'alofa, Tonga
An extreme explorer expedition in Tonga is aiming to become the first to dive and explore the Horizon Deep within the Tonga Trench. This week the Five Deeps Expedition aims to find out if the Tonga Trench is only the second-deepest in the Pacific or if it might be actually deeper than the Mariana Trench.
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Tuesday 28 May 2019
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Nuku'alofa, Tonga
The Tongatapu Royal Agriculture, Fisheries and Tourism Trade Show this year will be held a month earlier than usual, on Saturday, June 22, to be followed by the outer islands shows.
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Friday 17 May 2019
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Nuku'alofa, Tonga
The price of petrol, kerosene, and diesel has increased for May-June starting yesterday, 16 May 2019. Wholesale petrol, kerosene and diesel increased by 11.61 seniti/litre, 5.51 seniti/litre and 4.71 seniti/litre respectively.
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Friday 3 May 2019
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Nuku'alofa, Tonga
Tonga's Energy Minister Hon. Poasi Tei in Beijing, China, recently thanked the Government of China for donating the 2.25 Megawatt wind power station in Tongatapu under the Belt and Road Initiatives. Tonga is one of the 29 global membership of BREP, and the only representative from the Pacific.
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Tuesday 30 April 2019
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Nuku'alofa, Tonga
Although Tonga’s inflation rate dropped last year to 5.3% it remains the highest inflation rate of the 14 Pacific Islands members of the Asian Development Bank. By Pesi Fonua.
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Monday 29 April 2019
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Geneva, Switzerland
The use of new technology to facilitate trade and address food safety was discussed at the International Forum on Food Safety and Trade held on 23-24 April, by the World Trade Organization (WTO) in Addis Ababa.
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Wednesday 17 April 2019
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Nuku'alofa, Tonga
A three days workshop on the World Trade Organization Notification Requirements began in Nuku’alofa on 15 April, with the aim of assisting Tongan officials to understand necessary notification processes. “I think Tonga should be able to fulfil its obligation, and we hope that after this workshop, Tonga clears the backlog that it has got,” said Dr Edwini Kessie, a WTO official.
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Friday 22 March 2019
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Nuku'alofa, Tonga
Eight fishing boats donated to Tonga from Dongguan Municipality in China in January this year, were returned when officials discovered, after inspecting the vessels, they were of a low quality and none were up to standard. However, China has provided funds to build the new fishing boats here in Tonga.
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Friday 22 March 2019
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Nuku'alofa, Tonga
The New Zealand owned Scenic Hotel in Tonga pulled down its sign this morning in an unannounced and unexplained shock closure of its Fua'amotu hotel.
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Thursday 21 March 2019
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Nuku'alofa, Tonga
A large solar plant is to be built on Tongatapu to start operating by 2020, after a Power Purchase Agreement was signed with Sunergise New Zealand Limited on March 21, in Nuku'alofa. It is to be built over three interconnected sites at Fahefa, Fualu and Liukava.
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Monday 18 March 2019
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Nuku'alofa, Tonga
Consumers will pay more for petrol, kerosene, and diesel with new prices approved by the Tonga Competent Authority, starting today, 18 March.
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Wednesday 27 February 2019
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Kingston, Jamaica:
Tonga has been elected as Council Vice-President for Asia Pacific at the International Seabed Authority 25th Session held in Jamaica on February 25.
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Monday 18 February 2019
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Nuku'alofa, Tonga
Petrol, kerosene and diesel prices have increased starting today, 18 February, after consumers enjoyed lower prices over the last month. Wholesale petrol, kerosene and diesel prices went up by 6.37 seniti/litre, 2.41 seniti/litre and 4.38 seniti/litre respectively.
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Wednesday 13 February 2019
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Nuku'alofa, Tonga
There's a possibility that Tonga will be able to benefit from its deep sea resources because of the regime that has been established by the law of the sea. Regulations for Deep Seabed Mining planned by the end of 2020, will enable investment, the Secretary General of the International Seabed Authority Mr Michael W. Lodge explained in Nuku‘alofa yesterday, 12 February. By Pesi Fonua
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Wednesday 13 February 2019
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Nuku'alofa, Tonga
Tonga’s aim to reach 50% of renewable energy by 2020 is on track said Tonga Power Ltd CEO, Seti Chen. “The goal of renewable energy is to reduce our reliance on fossil fuel (diesel),” he told Matangi Tonga, while they have seen growth in demand for power increasing more than they thought it would. By Eleanor Gee
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Thursday 7 February 2019
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Nuku'alofa, Tonga
David Dudley has been appointed as the ANZ Bank's new Country Head in Tonga. He comes from ANZ Fiji.
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Friday 1 February 2019
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Nuku'alofa, Tonga
Tonga’s broken international submarine fibre optic cable should be fixed by midday tomorrow, if all goes to plan, according to the operations team on board the cable repair ship ‘Reliance’. The cable blackout is entering Day 13 on Saturday February 2.
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Thursday 31 January 2019
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Nuku'alofa, Tonga
A satellite service provider has helped Digicel Tonga continue to quickly restore critical mobile and broadband connection for its business and regular customers after Tonga's fibre optic submarine cable was damaged on 20 January, causing an internet and data services blackout.
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Tonga weather forecast from yr.no, delivered by the Norwegian Meteorological Institute and the NRK. See also Fua'amotu Weather Forecasting Center, Tonga, for latest local weather bulletin.