Results for Business

The Tongan currency (Pa’anga) has shown a continuing decline against the New Zealand and Australian dollars over the last 15 years, and the pa'anga is, arguably, in its worst year ever against its major trading partners.

A current attempt by the Tongan government to attract business investments, and to revitalize business growth by offering very low interest loans, so far appears to remain an unattractive proposition for businesses in Tonga.

State Owned Enterprises constrain island countries economies, where they absorb large amounts of scarce capital and are generally low in productivity and services, according to an ADB report that was released early this month.

New sustainable energy partnerships were announced by the Secretariat of the Pacific Community (SPC) on September 4 in Apia.

Siutoni Tupou, Tonga's new Export Pathway Manager, today received a new vehicle, and equipment to help her maintain an important working relationship between Tonga's export farmers and the Ministry of Agriculture, Food, Forests and Fisheries, assisted by the Australian-funded Pacific Horticulture and Agricultural Market Access Program (PHAMA).

Four newly refurbished Massey Ferguson tractors have arrived in Tonga, destined for villages in ‘Eua and Niuafo’ou island to help increase their agricultural activities.

Cheaper fuel prices have been announced by the Tonga Competent Authority to be effective from Monday 18 August.

A need to continue to improve the business environment in Tonga and to bolster confidence is stressed by the International Monetary Fund (IMF) in its 2014 country report for Tonga released today, which also notes that the Tongan economy is rebounding supported by agricultural exports and post-cyclone reconstruction activity.

The 2014 Agriculture and Fisheries Show will be held on August 6-23 in six islands except for the Ha’apai Group who are recovering from Tropical Cyclone Ian.