The United Nations is calling for a $2.5 Trillion support package for developing countries to deal with the coronavirus shock. UNCTAD Secretary-General Mukhisa Kituyi said the economic fallout from the shock is ongoing and increasingly difficult to predict but there are clear indications that things will get much worse for developing economies before they get better.
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Wednesday 1 April 2020
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Geneva, Switzerland
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Wednesday 1 April 2020
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Dubai, United Arab Emirates
The organisers of the Expo 2020 Dubai, UAE, want to postpone the exposition for a year due to the CoViD-19 outbreak, but at least two thirds of the expo member states will have to agree. There are 192 countries involved in the Expo that was due to start in October 2020 and run for six months until April 2021.
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Thursday 26 March 2020
Nuku'alofa, Tonga
Traditional Tongan skincare treatments using extracts from plants, such as tuitui and feta‘u oils, cinnamon, tevunga leaf, touhuni, pipi, and coconut oil, are the inspiration for a new range of botanical skincare products, launched by a local company this month.
Monday 23 March 2020
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Nuku'alofa, Tonga
UPDATED with regulated prices. Tonga's Ministry of Trade warns that price gouging by some businesses in Tonga in the face of the CoViD-19 pandemic will lead to licence cancellations. “The Ministry will be watching businesses in Tongatapu, ‘Eua, Ha‘apai, Vava‘u and the two Niua’s,” they said, responding to public complaints about profiteering off the emergency today.
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Monday 23 March 2020
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Nuku'alofa, Tonga
Many of Tonga's businesses are already facing a cash crunch and looking to scale back their operations, as the impact of the CoViD-19 pandemic bites, the Tonga Chamber of Commerce and Industries (TCCI) stated today. While the National Reserve Bank of Tonga has reassured Tongans that our banking system is strong enough to withstand the impact of CoViD-19, but economic growth will be lower for the year.
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Wednesday 18 March 2020
Washington, USA
A $14 billion COVID-19 response package has been approved by the World Bank and IFC’s Boards of Directors, to fast-track financing to assist companies and countries efforts to prevent, detect and respond to the fast spread of the virus.
Monday 16 March 2020
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Nuku'alofa, Tonga
The price of petrol, kerosene and diesel has fallen while the LPG price increased, starting on March 16.
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Wednesday 4 March 2020
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Nuku'alofa, Tonga
Tonga’s ambitious goal to achieve 50% renewable energy this year has been moved to 2021, confirmed Tonga Power Ltd (TPL) at a stakeholder seminar on 28 February. However, TPL is also exploring a more aggressive plan to try and achieve the target by the end of this year.
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Wednesday 4 March 2020
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Nuku'alofa, Tonga
Mr Semisi Panuve has been appointed as the new Chief Executive Officer for Tonga Cable Limited (TCL) effective from 2 March.
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Tuesday 25 February 2020
Nuku'alofa, Tonga
Tonga’s growth potential is below what it could be. The economy has been growing well below the regional average for the past two decades, says an IMF Staff report released on February 24. Growth is expected to gradually decline “unless there is a concerted effort to remove bottlenecks hampering private sector development.”
Monday 17 February 2020
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Nuku'alofa, Tonga
A total powerstation blackout on Tongatapu for a few hours this morning, was caused by a temporary cooling system failure on the generators.
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Friday 14 February 2020
Nuku'alofa, Tonga
Ten Tongans have completed training as coaches to help develop local industries, after undertaking a programme with Tonga Skills.
Wednesday 29 January 2020
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Nuku'alofa, Tonga
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.
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Monday 16 December 2019
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Nuku'alofa, Tonga
A Memorandum of Understanding has been signed by a Tongan delegation led by the new Minister of Infrastructure, Hon. ‘Akosita Lavulavu and a Chinese aircraft manufacturer to enable the MA60 aircraft that has been grounded in Tonga since 2018, to come back into operation within the next six months.
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Monday 16 December 2019
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Nuku'alofa, Tonga
Petroleum prices for Tonga have increased starting today December 16 to January 2020.
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Friday 13 December 2019
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Nuku'alofa, Tonga
An invention by a Tongan-Australian called “The Reviver”, an exercising apparatus that enables a person to straighten his or her spine, ease the pain in the hips, and helps an aged person to walk without pain, arrived in Tonga this week and was put through its paces at the Royal Palace. By Pesi Fonua.
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Thursday 5 December 2019
Nuku'alofa, Tonga
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.
Tuesday 19 November 2019
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Nuku'alofa, Tonga
Tonga's Cabinet has changed its mind and rejected a proposal from “the Brown Group” to cultivate hemp in Tonga, the Prime Minister's Office announced this afternoon.
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Thursday 14 November 2019
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Nuku'alofa, Tonga
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.
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Friday 8 November 2019
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Nuku'alofa, Tonga
An outdoor broadcasting vehicle to support natural disasters preparedness, was handed over by Japan to the Tonga Broadcasting Commission, on November 8.
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