Results for Business

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.

The opportunities for Tongans to get a better paid job in New Zealand and Australia under New Zealand’s Recognised Seasonal Employer Scheme (RSE) and Australia’s Seasonal Workers’ Program (SWP) has been hailed as a blessing by family members and the government, but at the same time it is regarded as a stumbling block to local Private Sector growth. Local Tongan businesses that can't compete with the overseas pay rates are experiencing shortages of semi skilled and skilled labour. By Pesi Fonua.

The construction of a multi-storey building on the Nuku‘alofa waterfront by a new entity the “Oriental Investment Development Bank” has been quietly proceeding following a ground breaking ceremony on April 4. But according to Tongan regulators, the bank does not hold a licence to operate a bank in Tonga. By Pesi Fonua.

A new Tonga business, Pacific Sunshine Fishing Brisbane has begun importing fish from Tonga to the Queensland market. Tongan entrepreneur, Kristian Palu started the business to offer high-quality fish from Tonga to both Brisbane and the Sunshine Coast.

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.