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Monday 18 May 2020

Nuku'alofa, Tonga
The prices of petrol, kerosene and diesel have fallen largely in new prices effective on May 18.
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Friday 15 May 2020

Washington DC, USA
Tonga will receive US$8.4m from the World Bank with US$5.5m allocated to improve management of its public finances, boost resilience to the effects of climate change, and provide better access to skills training for labor opportunities domestically and internationally, and US$2.9m will go towards Tonga's CoViD-19 response.
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Friday 8 May 2020

Suva, Fiji
A Pacific tourism report on the CoViD-19 impact and recovery in the region projected NZD$3.1 billion losses if there were no tourists visiting seven Pacific Island countries, including Tonga, over a 12-month period.
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Thursday 7 May 2020

Nuku'alofa, Tonga
A local root crop exporting company Lotopoha Export Trading, has this month signed a partnership with the Pacific Horticultural and Agricultural Market Access (PHAMA) Plus Program, that is aimed at assisting small holder growers supply consistently good export crops.
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Wednesday 6 May 2020

Nuku'alofa, Tonga
The negative impacts of CoViD-19 will lead to a contraction in economic growth for the current fiscal year, the Governor of the National Reserve Bank of Tonga, Dr Sione Ngongo Kioa stated on 5 May, as domestic activities have already shown a slowdown.
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Tuesday 5 May 2020

Nuku'alofa, Tonga
Tonga needs to grow its small private sector in order to find a lasting solution for the country's fiscal and development challenges, reports the International Monetary Fund (IMF). Tonga will need to address the structural constraints and main deterrents to investment.
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Monday 4 May 2020

Manila, Philippines
A $460,000 pa’anga grant to the Government of Tonga was approved by the Asian Development Bank (ADB) on Friday, 1 May and will go towards restoring life-sustaining services following the damage from Tropical Cyclone Harold.
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Friday 1 May 2020

Nuku'alofa, Tonga
Tonga Post staff are now wearing personal protective equipment (PPE) to sort incoming mail and packages from overseas as a precaution amid the global CoViD-19 outbreak.
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Wednesday 29 April 2020

Nuku'alofa, Tonga
The Tonga Chamber of Commerce and Industries (TCCI) is calling on the Tongan Government to ease restrictions and provide financial support urgently, to help struggling businesses continue operating. Some businesses have shut down completely. “Currently it’s very sad out there,” said one.
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Tuesday 28 April 2020

Nuku'alofa, Tonga
Tonga’s Official Foreign Reserve held by the National Reserve Bank was $457.5 million at the end of March, equivalent to 6.8 months of imports.
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Friday 24 April 2020

Washington, USA
Overseas remittances are predicted to fall by 13 percent in the East Asia and Pacific region this year affecting countries such as Tonga, due to the economic crisis caused by CoViD-19, according to the World Bank. Migrant remittances to Tonga in 2019 made up 37.6 percent as a share of GDP.
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Thursday 23 April 2020

Nuku'alofa, Tonga
DeepGreen Metals Inc., a Canadian-based seafloor mining developer, has taken over the Tonga Offshore Mining Ltd, and expanded its footprint of mining for Polymetallic nodules in the central Pacific. They are planning to extract cobalt and other battery metals from the seafloor.
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Wednesday 22 April 2020

Nuku'alofa, Tonga
Tonga's tourist industry hit hard by Severe Tropical Cyclone Harold and CoViD-19 lockdowns this month will soon be allowed new duty free and CT free imports of building materials, along with other incentives, while all businesses are allowed an extension of time for filing some tax returns, Tonga's Revenue and Customs Services told the Tonga Chamber of Commerce and Industries yesterday.
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Tuesday 21 April 2020

Nuku'alofa, Tonga
Government has extended the application due date to May 1 for local registered businesses to apply for assistance, under a COVID-19 Business Economic Emergency Relief Fund.
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Friday 17 April 2020

Nuku'alofa, Tonga
Additional solar generation and battery storage systems are to be designed and delivered to Vava’u and ‘Eua by mid 2021, assuming there are no long term restrictions due to the CoViD-19 pandemic.
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Thursday 16 April 2020

Nuku'alofa, Tonga
Petrol, diesel, and kerosene prices have fallen for the second month in a row after the new prices were approved by the Tonga Competent Authority (TCA) effective today, 16 April.
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Wednesday 15 April 2020

Manila, Philippines
The Asian Development Bank (ADB) increased its response to the novel coronavirus disease pandemic by $13.5 billion, increasing its response package from $6.5 billion to $20 billion on Monday, 13 April.
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Tuesday 14 April 2020

Nuku'alofa, Tonga
Local registered and informal businesses are now able to apply for assistance, under a $16.4 million pa’anga COVID-19 Business Economy Emergency Relief Fund.
Wednesday 8 April 2020

Nuku'alofa, Tonga
Tonga’s commercial banks will close tomorrow, April 9, due to severe Tropical Cyclone Harold, which is expected to close in on Tonga tonight. Meanwhile, the economic downturn is becoming more acute for Tonga due to CoViD-19, states a bank manager.
Thursday 2 April 2020

Nuku'alofa, Tonga
A $60 million pa'anga economic and social stimulus package to counter the impact of CoViD-19 was announced by the Tongan government today, 2 April. The package will provide short-term financial assistance for all sectors of the Tongan economy. Tonga expects fiscal deficits of $35m 2020 and $54m in 2021.
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