Results for Business

Tonga Development Bank paid a dividend of $848,433 pa’anga to the Government of Tonga, its only shareholder on Friday, 5 June.

The new Mata ‘o e La‘a Solar Facility that will provide 3% of Tongatapu's energy demand with green energy, was received for Tonga by HM King Tupou VI at Vaini in an official handover of the project this morning, 29 May.

The price of petrol and diesel for Tonga will continue to go up by a few seniti for May-June starting on Monday, 18 May.

Tonga has been struggling during the past few years to get its domestic air services to operate efficiently. Tevita Palu, owner of Real Tonga Airlines, said that the grounding of the MA60 and the sudden termination by government of their lease agreement has plunged his operation into a more difficult situation.

The price of petrol and diesel for Tonga increases for April-May 2015 by a few seniti, while the kerosene price drops starting 16 April.

Tonga’s domestic MA60 aircraft gifted from China is expected to start flying domestically this month operated by a second carrier named “Royal Tongan Airlines”.

The ownership of the La’a Lahi Solar Farm in Neiafu was today transferred from the Government of Tonga to Tonga Power Ltd., a public enterprise in Nuku’alofa.

Robert Matthews from Australia has been appointed as the new CEO of the Tonga Power Ltd starting in Nuku'alofa on 9 March for the next three-years.

Tonga has signed the International Treaty on Plant Genetic Resources for Food and Agriculture that promotes food security. on 16 March.