You are here

Results for Business

Thursday 24 January 2019
Nuku'alofa, Tonga
Tonga Cable Ltd. is still trying to confirm what caused Tonga’s cable internet black out from 8.30pm Sunday, 20 January, Samuela Fonua, Board Chairman of Tonga Cable Ltd. told Matangi Tonga on Wednesday. By Pesi Fonua
Node is premium Premium content
Tuesday 22 January 2019
Nuku'alofa, Tonga
Tonga's sudden internet cable black out Sunday night, is now going into its third day after a fault in a fibre optic submarine cable has cut its main connection with the world.
Wednesday 16 January 2019

Nuku'alofa, Tonga
Consumers will enjoy cheaper petrol, kerosene and diesel as prices dropped today, 16 January after being approved by the Tonga Competent Authority (TCA).
Node is premium Premium content
Thursday 10 January 2019

Nuku'alofa, Tonga
Eight fishing boats were donated to Tonga by China’s sister city to Ha’apai, Dongguan Municipality in Guangdong Province, at a handover ceremony this afternoon, 10 January, at the Ministry of Fisheries in Sopu.
Node is premium Premium content
Wednesday 9 January 2019

Nuku'alofa, Tonga
Pacific Sunrise Fishing, Tonga’s only locally-owned commercial deep sea fishing exporter, is scaling down its operation in Tonga, "and to start sellling some of the assets that we have, like boats and things like that," Eddie Palu said on January 4. He told Matangi Tonga of his concern over a decision by government for the 2018 Foreign Exchange Control Act to become effective on 1 November 2018. By Pesi Fonua.
1 comment
Node is premium Premium content
Wednesday 9 January 2019

Nuku'alofa, Tonga
A new national committee to plan Tonga's participation at "Expo 2020 Dubai" held its first introductory meeting today at Consular House, where invited private sector representatives looked at the challenge ahead, of presenting Tonga to the world.
Node is premium Premium content
Thursday 20 December 2018

Nuku'alofa, Tonga
Tonga is in a high-risk exposure position “to weather disturbances and sea-level rise as well, as weak disaster management” according to the December 2018 issue of the Pacific Economic Monitor PEM of the Asian Development Bank.
Node is premium Premium content
Tuesday 11 December 2018
Nuku'alofa, Tonga
The National Reserve Bank of Tonga aims at securing Tonga’s Foreign Reserves at a level of about $457.3 million, equivalent to more than seven months of imports, with the enforcement of the Foreign Exchange Control Act 2018 on 1 November. The Act requires Tongan exporters to repatriate at least 60% of their export proceeds. And, if the economy fails and the foreign reserves drop below the threshold, - then the Act gives the government the right to try and force Tongans who have invested overseas to repatriate their funds to Tonga. The Act was passed at the time Tonga expected to start repaying its loans to China.
1 comment
Node is premium Premium content
Monday 19 November 2018

Nuku'alofa, Tonga
Tonga’s repayment of its $119 million pa'anga concessional loan from China that was scheduled to start this year, has been deferred for another five years.
Node is premium Premium content
Monday 19 November 2018

Nuku'alofa, Tonga
The price of petrol has fallen, while diesel and kerosene prices have increased, as approved by the Tonga Competent Authority (TCA) for November – December, starting on 16 November 2018.
Node is premium Premium content
Wednesday 14 November 2018

Nuku'alofa, Tonga
A ground breaking ceremony to start a Nuku’alofa Power Network Upgrade Project was held on Wednesday, November 14 at Pahu.
Node is premium Premium content
Friday 9 November 2018

Nuku'alofa, Tonga
Tonga’s agricultural produce is not only nutritious and healthy but local consumption greatly supports the local economy. “There’s a whole raft of benefits from local products,” said Minoru Nishi Jr, manager of Nishi Trading, on launching their new frozen product line in Nuku'alofa this week.
Node is premium Premium content
Thursday 1 November 2018

Nuku'alofa, Tonga
US$29.9 million funding for the Tonga Renewable Energy Project (TREP) was approved by the Green Climate Fund during its 21st Board Meeting in Bahrain on October 17.
Node is premium Premium content
Monday 22 October 2018

Nuku'alofa, Tonga
The Tonga Government will start paying $TOP10.8 million a year during the next ten years, (principal only) of its $TOP119m loan from the Exim Bank of China that was used to fund reconstruction projects after the 2006 riots in Nuku'alofa. The start of the principal repayments has already contributed to a $22.8m decline in Tonga’s foreign reserves in September. Now Tonga is confronting the real cost of the riots.
Node is premium Premium content
Wednesday 17 October 2018

Nuku'alofa, Tonga
Petrol and kerosene retail and wholesale prices have increased significantly for October to November, starting on October 16.
Node is premium Premium content
Tuesday 16 October 2018

Nuku'alofa, Tonga
Colourful displays of fresh local produce and entertainment at the Nuku'alofa waterfront today, 16 October, commemorated World Food Day (WFD) under the global theme ‘Our actions are our future, a zero hunger world by 2030 is possible’.
Node is premium Premium content
Thursday 11 October 2018

Nuku'alofa, Tonga
Over 15 airlines and aviation counterparts from the region and far North of the world are attending a three days regional meeting of the 69th Association of the South Pacific Airlines (ASPA) held in Nuku’alofa, Tonga this week, 10-12 October.
Node is premium Premium content
Monday 8 October 2018

New Delhi, India
Tonga’s effort in promoting renewable energy and energy efficiency has been recognized when it was elected as Vice President of the International Solar Alliance (ISA) representing the Asia Pacific region at its first General Assembly in New Delhi, India, on 1-3 October 2018.
Node is premium Premium content
Wednesday 3 October 2018

Manilla, Philippines
Forecasts for economic growth in 2018 for Tonga remain negative at -0.3% a report by the Asian Development Bank (ADB) shows.
Node is premium Premium content
Thursday 20 September 2018

Nuku'alofa, Tonga
Petrol and kerosene retail prices have decreased slightly for September to October starting on Tuesday, 18 September, while the price of diesel went up.
Node is premium Premium content

Pages