Results for Business

LPG gas prices have jumped significantly starting today rising by 48 seniti per kilogram for Tongatapu and 42 seniti per kilogram for Vava’u compared to last month’s increase of 7 seniti per kilogram. Diesel has also slightly increased while petrol and kerosene prices went down marginally.

The first consignment of Tongan squash, shipped to China in December last year, has been cleared by authorities in Beijing, China and received positive feedback from the importer, Tianjin Foreign Trade Safe Co. Ltd.

A 35-member business delegation from New Zealand arrived in Tonga today on a four-day visit to explore opportunities for business investment and strengthen business links with Tonga.

Vailele Taukitoku the owner of the FV Losemani Fo'ou and one of six Tongan fishermen who were rescued by the German cruise ship The Albatros south of Tonga on Saturday, February 4, is thankful for their rescue and his safe return home to Tonga last night, but he's very sad that he's lost his little boat, and his fishing livelihood. "If we were given the batteries we could have fixed our boat and returned home. The sea - how it was rough at that point -was normal to us," he said. By Linny Folau

A National Financial Inclusion Strategy (NFIS) or action plan to deliver financial services at affordable costs to Tongans is being developed by the Pacific Financial Inclusion Programme (PFIP) and the National Reserve Bank of Tonga (NRBT) for the first time.

Tonga's Government this evening has refuted claims that it issued a casino license to a US company called Red Warrior Entertainment LLC, while admitting that it had supported two projects for a tourism investment facility, known as "Tavake Tamafua Investment Project", proposed by counterparts.

A new wind power generation system and grid stabilization system for Tonga being planned by JICA as a grant aid project with the Government of Japan is expected to offer a stable power supply and diversify Tongatapu's power supply sources.

A renewable energy project to upgrade existing power distribution grid in Vava’u and 'Eua, to be completed by the end 2019, will get an additional USD$5 million from the Asian Development Bank. Half of the amount is a loan and the other half is a grant.

The new domestic air service of the Tonga Airways that was scheduled to start next week has been cancelled after it failed to win Ministerial approval, Samiu Vaipulu, Chairman of the Tonga Airways confirmed this afternoon, 15 December.