Results for Business

Tonga is currently using 27% of renewable energy as a source of power, the Department of Energy (MEIDECC) said, in marking the International Day of Clean Energy, on Friday, 26 January, as declared by the United Nations.

Harvesting and exporting Tongan seaweed for over 20 years, South Pacific Mozuku Tonga Ltd (SPM), a local aqua-culture industry based in Nuku'alofa, is set to expand its product range into the health and beauty industries this year.

The Tonga Competent Authority (TCA) has approved the new petroleum prices for December 2023 – January 2024, effective today, 18 December 2023. They said there is a large drop in product prices for diesel and kerosene, and a smaller drop for petrol.

A new series of Tongan bank notes was launched today, 4 December, in commemoration of the official birthday of Tupou I - a national public holiday. HRH Prince Ata unveiled the new bank notes at a launch held by the National Reserve Bank of Tonga t the Fa’onelua Convention Centre in Nuku’alofa.

Four participants of the Tonga cohort of the 2023 Pacific Greenpreneurs Program graduated today, with two recipients awarded total funds of USD$55,000 (approximately TOP $130,000). Mr Masa Kawaguchi, director of South Pacific Mozuku Ltd, a growth-stage green enterprise in Tonga, was awarded a USD $50,000 zero-interest repayable grant. Mrs Lu'isa Nau, owner of Culture Fusion Tonga, winner of the Business Plan competition, was awarded USD $5,000 for an innovative business model.

Tonga Circular Economy System (Tonga CES) aims to develop a zero-waste system, that might potentially provide Tonga with renewable energy, and food - such as poultry and corn.

A group of agricultural researchers led by Professor Dorin Gupta from the University of Melbourne, have established a research site at Haveluloto, Tonga, called the “Mother Site”, to develop their Sustainable Agricultural Intensification Project (SAI), focusing on improving traditional farming practices.

MBF Bank Tonga celebrated its 30th anniversary of operation in Tonga, with a reception held on 28 October, at Liku'alofa.

An increase in new petroleum prices for October – November will be effective on Wednesday, 18 October, when wholesale petrol, kerosene and diesel will all increase.