Results for Business

The Ministry of Commerce, Tourism & Labour has announced further cuts to fuel prices in addition to the cuts that occurred last month.

Tonga’s national electric company, Tonga Power Ltd has announced an 8.5% reduction in the electricity tariff. The new prices will be effective from this Sunday, February 1.

Huge cuts in fuel prices have been announced for the next month effective from Friday January 16, the Tonga Ministry of Commerce, Tourism & Labour announced today, January 14.

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.