Results for Business

Increases in the wholesale and retail prices for Petrol, Kerosene and Diesel in Tonga take effect tomorrow, January 16.

A slight rise in fuel retail prices for mid-December 2013 to mid-January 2014, takes effect from today, the Ministry of Commerce, Tourism & Labour has announced.

Three young Tongan entrepreneurs and their mentor won $4,000 investment capital for their creative business venture “Culture Fusion” receiving the top award and the praise of the judges last night in Tonga’s Women in Business Be Your Dream 2012-13 programme.

During its first year of operation Tonga's new National Retirement Benefits Fund collected over $6.15 million pa‘anga from its membership of 4,304 employees and 308 employers, and may expect to double its membership in the future as more businesses join the statutory fund, whose administration has been supported by donor funding.

Tonga Power Ltd. has announced cheaper tariff rates for the month of December. The new tariff rate for December is 92.82 seniti per kWh, down from 94.45 seniti per kWh (1.63 seniti decrease).

The World Bank has announced that it has setup a US$5 million support operation to aid Tonga’s recovering economy.

The government has announced significant reductions in fuel prices to be effective from November 16 to mid-December.

The Tonga government has handed over a lease of the 'Ahononou Quarry in Tongatapu to Sekitofa Malupo, who owns the Petani Quarry, 'Eua.

Digicel Tonga Ltd. is looking to take the usage of mobile internet technology to a new level in Tonga, by linking its services to Tonga's new submarine fibre optic cable, launching its service today, November 1. The mobile phone and internet company has leased fibre capacity from Tonga Cable Ltd., becoming the second carrier after the fibre was launched on 21 August 2013.