Tonga’s controversial Foreign Exchange Levy Act 2015 has been suspended, according to Press Statement released by the Ministry of Finance and National Planning yesterday, 20 November.
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Saturday 21 November 2015
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Nuku'alofa, Tonga

Monday 16 November 2015
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Nuku'alofa, Tonga
The price of petrol, diesel and kerosene for Tonga will decrease for November-December starting today, Monday 16 November.

Friday 13 November 2015
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Nuku'alofa, Tonga
A team of Australian business consultants supported by the Australian Government is helping small to medium enterprises in the Pacific to raise finance to take their businesses forward.

Thursday 12 November 2015
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Nuku'alofa, Tonga
A two-days workshop on Emerging Global and Regional Trade Issues for the Commonwealth Pacific Region began at the Scenic Hotel, Pelehake, Tongatapu this morning 12 November.

Tuesday 10 November 2015
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Nuku'alofa, Tonga
The implementation of the government’s controversial 1% Foreign Exchange Levy has been deferred again for a “few weeks”, stated the Minister of Finance, Hon. ‘Aisake Eke in a letter, dated 6 November, circulated to general managers of financial institutions in Nuku’alofa.

Monday 9 November 2015
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Nuku'alofa, Tonga
Tonga has accumulated a Foreign Reserve of $311.7 million pa’anga at the end of September, while its domestic inflation rate was 3.2% for September, according to the latest figures on the National Reserve Bank of Tonga website.

Wednesday 4 November 2015
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Nuku'alofa, Tonga
The Foreign Exchange Levy Act 2015 that was originally scheduled to be implemented on 21 October, finally came into force yesterday, November 3, allowing government to collect one seniti from the banks on every pa'anga sold or purchased in foreign exchange transactions.

Tuesday 3 November 2015
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Nuku'alofa, Tonga
Tonga’s initiative to open up a new export market for Tongan squash in China could lead to first shipments as early as next season (2016) – if the Chinese government is satisfied that Tonga’s produce does not present a “high risk” for food safety and biosecurity - and that means that Tonga's produce has to be clean to a high standard, throughout the growing, packing and export process.

Wednesday 28 October 2015
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Nuku'alofa, Tonga
Tonga’s new Foreign Exchange Levy Act 2015 that came into force on Wednesday last week has disrupted the movement of foreign exchange in and out of the country, as bankers do not know how to apply it.

Friday 23 October 2015
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Nuku'alofa, Tonga
Looking at the possibility of opening up a new market for Tongan squash exports to China, a delegation of quarantine officials from China arrived in Tonga today on an exploratory visit, at the invitation of the Ministry of Foreign Affairs, supporting an initiative of Tongan squash exporters.

Friday 23 October 2015
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Nuku'alofa, Tonga
Tonga and Forum Island Countries (FIC) will benefit from enhanced regional trade and economic integration under the Pacific Agreement on Closer Economic Relations (PACER) Plus Agreement, with Australia and New Zealand.

Friday 16 October 2015
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Nuku'alofa, Tonga
Prices for petrol, diesel and kerosene in Tonga will increase starting on Friday, 16 October.

Tuesday 13 October 2015
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Nuku'alofa, Tonga
The European Union has released a grant of $8.718 million pa’anga to assist Government’s revised Tonga Energy Road Map (TERM).

Sunday 27 September 2015
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Nuku'alofa, Tonga
Tonga’s future is not on land but in its marine area on the continental shelf, and “we want to help Tonga tap into the Blue Economy,” said Deodat Maharaj, the Commonwealth Deputy Secretary-General, during his one-day stop over in Tonga on 15 September. By Pesi Fonua

Thursday 24 September 2015
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Nuku'alofa, Tonga
Opening a new OE Home Centre in the Nuku’alofa CBD Tonga’s Acting Prime Minister Hon. Siaosi Sovaleni, this evening acknowledged that Private Sector development is very important for a sustainable government.

Friday 18 September 2015
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Nuku'alofa, Tonga
Energy efficient lights and air conditioning units were today received by the Tonga government to help reduce the consumption of electricity.

Wednesday 16 September 2015
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Nuku'alofa, Tonga
The wholesale and retail prices for Liquefied Petroleum Gas in Tongatapu and Vava‘u have dropped today, Wednesday 16 September.

Tuesday 15 September 2015
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Nuku'alofa, Tonga
Prices for petrol, diesel and kerosene in Tonga will decrease for September to October.

Friday 4 September 2015
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Nuku'alofa, Tonga
Tonga’s Heilala Vanilla extract has been used to produce Lewis Road Creamery Fresh Vanilla Milk that is currently being sold in New Zealand.

Wednesday 2 September 2015
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Nuku'alofa, Tonga
Member states of a Commonwealth Virtual Currencies Working Group, including Tonga, reached a consensus to consider adapting or enacting new legislation to regulate virtual currencies, in London last week.
