Results for Business

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.

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.

Fresh local produce on display at ‘Atele Indoor Stadium marked World Food Day today, 16 October under the theme ‘Grow, nourish, sustain. Together. Our actions are our future’. Lord Tu'ilakepa said the current pandemic is starting to affect our food systems, which will lead to more poverty for mankind.

A new building for Tonga Post was opened on October 6 in Neiafu, Vava'u, next to the Governor's Office.

ANZ Tonga will close its Vava'u branch on 25 November this year, the bank's country head announced today.

Enforcement of the new Employment Relations Act 2020 should be deferred “until we are able to recover from the effects of this global pandemic.”, Tonga's Chamber of Commerce and Industry Inc. stated today, stressing that the timing is wrong.

Tonga is struggling to take full control of the harvesting and the exporting of its Bech-de-mer (sea cucumber) resources to reap its fair share of foreign currency earnings from its export. The CEO for the Ministry of Fisheries, Dr Tu‘ikolongahau Halafihi said public consultations on harvesting and exporting had been ongoing since a moratorium was imposed in 2015 but the consultations were not finished before the moratorium was lifted. By Pesi Fonua.

Tonga still faces challenges with digital adoption, particularly in business operations and even more so in the informal sector, which will need to be addressed for Tonga to fully realise the benefit of digital revolution, the Minister of Trade and Economic Development, Hon Samiu Vaipulu said this week, at the launching of a Tonga Trade Policy Framework and an eCommerce Readiness Assessment report.

A group of Tongan secondary school students took part in a ‘Stop, Block & Tell’ program which developed one-minute videos for television and raise awareness on cyberbullying.