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Results for Business

Wednesday 4 March 2020

Nuku'alofa, Tonga
Tonga’s ambitious goal to achieve 50% renewable energy this year has been moved to 2021, confirmed Tonga Power Ltd (TPL) at a stakeholder seminar on 28 February. However, TPL is also exploring a more aggressive plan to try and achieve the target by the end of this year.
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Wednesday 4 March 2020

Nuku'alofa, Tonga
Mr Semisi Panuve has been appointed as the new Chief Executive Officer for Tonga Cable Limited (TCL) effective from 2 March.
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Tuesday 25 February 2020

Nuku'alofa, Tonga
Tonga’s growth potential is below what it could be. The economy has been growing well below the regional average for the past two decades, says an IMF Staff report released on February 24. Growth is expected to gradually decline “unless there is a concerted effort to remove bottlenecks hampering private sector development.”
Monday 17 February 2020

Nuku'alofa, Tonga
A total powerstation blackout on Tongatapu for a few hours this morning, was caused by a temporary cooling system failure on the generators.
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Friday 14 February 2020

Nuku'alofa, Tonga
Ten Tongans have completed training as coaches to help develop local industries, after undertaking a programme with Tonga Skills.
Wednesday 29 January 2020

Nuku'alofa, Tonga
Tonga’s official Foreign Reserves had risen slightly by $0.2m to $489.5m (equivalent to 7.8 months of imports cover), while annually, Foreign Reserves increased by $20.90m due to higher receipts of budget support, grants, and project funds from development partners, the Reserve Bank of Tonga stated on 21 January.
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Monday 16 December 2019

Nuku'alofa, Tonga
A Memorandum of Understanding has been signed by a Tongan delegation led by the new Minister of Infrastructure, Hon. ‘Akosita Lavulavu and a Chinese aircraft manufacturer to enable the MA60 aircraft that has been grounded in Tonga since 2018, to come back into operation within the next six months.
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Monday 16 December 2019

Nuku'alofa, Tonga
Petroleum prices for Tonga have increased starting today December 16 to January 2020.
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Friday 13 December 2019

Nuku'alofa, Tonga
An invention by a Tongan-Australian called “The Reviver”, an exercising apparatus that enables a person to straighten his or her spine, ease the pain in the hips, and helps an aged person to walk without pain, arrived in Tonga this week and was put through its paces at the Royal Palace. By Pesi Fonua.
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Thursday 5 December 2019

Nuku'alofa, Tonga
Roadside vegetable vendors are promoting healthy eating and reducing post-harvest loss, a new study has found, but there is an urgent need to address various hygiene and food safety awareness issues for vendors and farmers, who are a critical part of Tonga’s healthy eating agenda.
Tuesday 19 November 2019

Nuku'alofa, Tonga
Tonga's Cabinet has changed its mind and rejected a proposal from “the Brown Group” to cultivate hemp in Tonga, the Prime Minister's Office announced this afternoon.
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Thursday 14 November 2019

Nuku'alofa, Tonga
Tonga’s second Large scaled Battery Energy Storage System (BESS) will be built at Matatoa after an agreement was signed today between Tonga Power Limited and Akuo Energy SAS.
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Friday 8 November 2019

Nuku'alofa, Tonga
An outdoor broadcasting vehicle to support natural disasters preparedness, was handed over by Japan to the Tonga Broadcasting Commission, on November 8.
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Tuesday 5 November 2019

Nuku'alofa, Tonga
Tonga's electricity consumers have been spared the recent electricity price increase as the government is stepping in to cover the increased charges over the next few months. A statement today said the Prime Minister “is also the Minister of Public Enterprises, the Minister of Finance and CEO of the Ministry of Public Enterprises.” has directed an independent audit of the tariff structure.
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Friday 1 November 2019

Nuku'alofa, Tonga
The price of electricity has increased starting today, 1 November, from $0.799 to $0.8316 per kWh, approved by the Electricity Commission. With the tarriff increase, Tonga Power Ltd. expects to recover $1.6 million over 12 months, to offset losses in fuel costs.
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Friday 1 November 2019

Nuku'alofa, Tonga
The National Reserve Bank made a record profit of $6 million in 2018/2019, and presented government with $4.2 million share of earnings.
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Wednesday 16 October 2019

Nuku'alofa, Tonga
Marcellina Wolfgramm has been appointed as the Bank of South Pacific (BSP) new Country Manager in Tonga. She takes over the role from Daniel Henson, who led the Tonga operation since BSP started in 2015.
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Wednesday 9 October 2019

Nuku'alofa, Tonga
Tonga’s postal service was established in 1887 and today Tonga Post, along with postal services worldwide, celebrated World Post Day, 9 October, to highlight their work and its contribution to social and economic development.
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Tuesday 1 October 2019

Nuku'alofa, Tonga
The Asian Development Bank Outlook 2019 this month has forecasted that the Pacific region economy will grow by 4.2% in 2019.
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Thursday 22 August 2019

Nuku'alofa, Tonga
Local business operators will gain an insight into how to win contracts funded by the Asian Development Bank (ADB) and the World Bank (WB), at an upcoming seminar in Nuku'alofa on 29 August.
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