Results for Business

Tonga’s official Foreign Reserves had risen slightly by $0.2m to $489.5m (equivalent to 7.8 months of imports cover), while annually, Foreign Reserves increased by $20.90m due to higher receipts of budget support, grants, and project funds from development partners, the Reserve Bank of Tonga stated on 21 January.

Petroleum prices for Tonga have increased starting today December 16 to January 2020.

Roadside vegetable vendors are promoting healthy eating and reducing post-harvest loss, a new study has found, but there is an urgent need to address various hygiene and food safety awareness issues for vendors and farmers, who are a critical part of Tonga’s healthy eating agenda.

Tonga’s second Large scaled Battery Energy Storage System (BESS) will be built at Matatoa after an agreement was signed today between Tonga Power Limited and Akuo Energy SAS.

Tonga's electricity consumers have been spared the recent electricity price increase as the government is stepping in to cover the increased charges over the next few months. A statement today said the Prime Minister “is also the Minister of Public Enterprises, the Minister of Finance and CEO of the Ministry of Public Enterprises.” has directed an independent audit of the tariff structure.

The National Reserve Bank made a record profit of $6 million in 2018/2019, and presented government with $4.2 million share of earnings.

Tonga’s postal service was established in 1887 and today Tonga Post, along with postal services worldwide, celebrated World Post Day, 9 October, to highlight their work and its contribution to social and economic development.

Local business operators will gain an insight into how to win contracts funded by the Asian Development Bank (ADB) and the World Bank (WB), at an upcoming seminar in Nuku'alofa on 29 August.

Anthony Seuseu is the newly appointed Chief Executive Officer for Digicel Tonga for a period up to three-years.