Results for Business

Running a business in Tonga is getting harder, according to a new World Bank report titled “Doing Business 2015”. The annual report assesses the “ease of doing business” in countries across the world. Tonga's ranking was dragged down by poor ratings for property registration, difficulties in resolving insolvency and poor shareholder rights.

Tuna longline fishing countries have agreed to limit Tuna catches in the Western and Central Pacific, according to the Western & Central Pacific Fisheries Commission (WCPFC), after a meeting earlier this month in Samoa.

Fuel prices have been significantly lowered for the month starting today December 16, 2014. The cuts follow significant reductions made last month.

The Tonga government has made millions of pa'anga available on soft loans for business investors, and Tatafu Moeaki, the CEO for the Ministry of Finance are calling on Tongan businesses to take advantage of the opportunities.

Tongan, Fijian and Samoan exporters are confident that their sales will rise by over 50% over the next 12 months, according to the inaugural “Pacific Export Survey 2014”.

The Tongan Business Enterprise Centre (TBEC) has been given a massive boost from the New Zealand Government. The centre will receive an investment of $8.4 million pa’anga over the next five years.

Tonga's government has asked Tonga Power Ltd staff to call off a strike, planned from 9:00am on Monday 24 November.

Employees at the National Reserve Bank of Tonga (NRBT) can take mortgages starting on November 14, 2014, following the Gazetting of a new order.

Crown Prince Tupouto‘a ‘Ulukalala today officially opened Nishi Trading’s new Pack House, an international standard food processing and manufacturing facility at ‘Utulau in Tongatapu. The Crown Prince also opened a training facility for farmers on the site.