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Monday 22 February 2021

Nuku'alofa, Tonga
The Tongan Pa’anga fell to its lowest exchange rate against the New Zealand Dollar since 2014, with one pa'anga buying less than .58 cents today, and possibly its lowest rate ever against the NZD.
Monday 22 February 2021

Nuku'alofa, Tonga
An environmental study on seabed mining for “polymetallic nodules” - rocks that contain metals needed to build batteries, is underway in the Clarion Clipperton Zone (CCZ) of the Pacific between Hawaii and Mexico. The aim is to use the metals to power electric cars. The study is being undertaken by DeepGreen Metals Inc., a Canadian-based seafloor mining developer, which acquired Tonga Offshore Mining Limited (TOML) last year, and has sponsorship from the Tonga government for seabed exploration. By Eleanor Gee.
Wednesday 17 February 2021

Nuku'alofa, Tonga
Tonga’s $15.2 million loan repayment due to the EXIM Bank of China, during the 2020-21 financial year, has been deferred to 2021-22, the Minister of Finance, Hon. Tevita Lavemaau, confirmed yesterday 16 February.
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Tuesday 16 February 2021

Nuku'alofa, Tonga
Petrol, kerosene, and diesel prices have increased for February-March starting today, 16 February, as approved by the Tonga Competent Authority.
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Thursday 4 February 2021

Nuku'alofa, Tonga
Tonga’s first Labour Mobility Policy was launched by Prime Minister Hon Dr Tu’i’onetoa today, 4 February. Thousands of Tongans are employed in labour mobility schemes in New Zealand and Australia in horticulture, meat processing, construction, tourism and hospitality. The policy, which was endorsed by cabinet in 2020, aims to maximize the development impact of circular labour mobility in Tonga.
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Monday 1 February 2021

Nuku'alofa, Tonga
Tonga's National Reserve Bank is moving to enforce the Moneylenders Act by registering all businesses who are conducting lending services in Tonga. The deadline for registration closed on Friday, January 29 and the NRBT said moneylenders who had not registered in time may face legal action.
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Saturday 30 January 2021

Nuku'alofa, Tonga
A new five years Electricity Concession Contract, to secure the supply of electricity to Tonga’s main island groups of Tongatapu, ‘Eua, Ha’apai and Vava’u was signed in Nuku’alofa on 12 January 2021.
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Tuesday 26 January 2021

Nuku'alofa, Tonga
The IMF has approved US$9.95 million under its Rapid Credit Facility, to help meet Tonga’s “urgent balance of payments and fiscal needs arising due to the COVID-19 pandemic and Cyclone Harold.” Tonga's early closure of external borders had helped avoid a worse economic outcome. “Nevertheless, an economic contraction is expected in FY2021.”
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Tuesday 19 January 2021

Nuku'alofa, Tonga
The petroleum prices for January-February continue to increase effective January 18, as approved by Tonga's Competent Authority.
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Friday 8 January 2021

Nuku'alofa, Tonga
Tenants at the Small Industries Centre (SIC) who were hit with commercial rent and lease increases before Christmas, sent a petition to the Prime Minister yesterday afternoon, January 7, protesting the massive increases, which they say range from about 70% to over 200%.
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Thursday 7 January 2021

Nuku'alofa, Tonga
Fourteen people completed a bee-keeping course at the end of last year under a project aimed at addressing the declining number of bees in Tonga, which are vital to food security. By Eleanor Gee.
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Wednesday 30 December 2020

Nuku'alofa, Tonga
Tonga’s aim to reach 50% renewable energy by the end of 2021 may be delayed further as border restrictions due to CoViD-19 continues to hinder projects.
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Friday 18 December 2020

Nuku'alofa, Tonga
The first shipment of 16.6 metric tonnes of Tongan watermelons was exported to Auckland, New Zealand on December 17, after the October ban was lifted. It is a new milestone for Tonga's agricultural sector, said local farmer and exporter, Minoru Nishi Jr today.
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Wednesday 16 December 2020

Nuku'alofa, Tonga
Petroleum and LP gas prices have increased starting today, 16 December, as approved by the Tonga Competent Authority.
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Friday 4 December 2020

Nuku'alofa, Tonga
Australia has provided AUD$2.885 million towards Tonga’s outer islands solar power project, supported by the Asian Development Bank (ADB), to help reduce reliance on diesel for power generation.
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Friday 4 December 2020

Auckland, New Zealand
Tongans can now ship watermelons to New Zealand after temporary permits were issued to exporters under special conditions, according to Radio New Zealand.
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Friday 20 November 2020
Nuku'alofa, Tonga
Despite the hard time that the Tongan economy is going through at the moment, there are some signs of new investment taking shape at the Small Industries Centre at Ma'ufanga. But most of the 64 businesses in operation at the SIC are reeling from the impact of the events of 2020. Recently, the Tonga Asset Managers and Associates Ltd. TAMA has identified a 67% average drop in sales by businesses located at the SIC and only two of the businesses are exporting. By Pesi Fonua.
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Monday 16 November 2020

Nuku'alofa, Tonga
The investment by Tongans in illegal pyramid schemes is concerning the National Reserve Bank of Tonga, which issued a warning to the public against participating.
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Friday 6 November 2020

Nuku'alofa, Tonga
An online remittance service, called ‘Ave Pa’anga Pau TDB Ltd., which will allows Tongans in Australia to send money to Tonga and vice versa, was launched today in Nuku'alofa.
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Thursday 22 October 2020

Dubai, UAE
Tonga has signed an agreement on air transport services with the United Arab Emirates on October 19, at the General Civil Aviation Authority headquarters in Dubai. This is aimed at strengthening bilateral air relations between the two countries.
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