The Ministry of Commerce, Tourism and Labour has approved new petroleum prices for the next month from mid-August to mid-September. Retail prices for petroleum were significantly higher when compared to petroleum prices approved for mid-July to mid-August.
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Friday 16 August 2013
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Nuku'alofa, Tonga
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Wednesday 14 August 2013
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Nuku'alofa, Tonga
Tonga’s high speed internet goes live on Wednesday, August 21, with the commissioning by King Tupou VI of the project at the Tonga Cable Ltd station in Sopu.
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Friday 2 August 2013
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Nuku'alofa, Tonga
The Tonga Chamber of Commerce and Industry Inc. elected its council for 2013-14, and there was no contest for the nominations at its Annual General Meeting in Nuku'alofa, last night.
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Monday 22 July 2013
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Nuku'alofa, Tonga
A top priority for Tonga is a reduction in the size of its public service and a reduction of the wage bill to 45%, from the current height of about 75% of the government's annual budget, a new economic report by the Asian Development Bank recommends. It also recommended for government to appoint an Anti-corruption Commissioner.
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Thursday 18 July 2013
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Nuku'alofa, Tonga
Solar power systems for nine outer islands In Tonga will be funded by the Asian Development Bank (ADB) and Australia under a six-years Outer Islands Renewable Energy Project, costing $6.8million.
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Wednesday 17 July 2013
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Nuku'alofa, Tonga
Tonga's petroleum prices for mid-July to mid-August will increase significantly compared to June, continuing a trend of rising petroleum prices since April.
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Tuesday 16 July 2013
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Nuku'alofa, Tonga
Tonga’s high speed internet is expected to be commissioned on August 21 by King Tupou VI. The fibre-optic cable network would then go live to the public, said Paula Ma'u the CEO for the Ministry of Information and Communication.
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Wednesday 10 July 2013
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Nuku'alofa, Tonga
A new commercial bank, the Pacific International Commercial Bank, was awarded a license to operate by the National Reserve Bank of Tonga on July 2, and is expected to open in about six months time as the fifth bank in Tonga.
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Wednesday 3 July 2013
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Nuku'alofa, Tonga
The Tonga Communications Corporation (TCC) announced a net profit of T$1.7 million for the last financial year for 2011-12 and will pay the government a 25% dividend.
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Monday 1 July 2013
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Nuku'alofa, Tonga
Although Tonga’s economy continues to be weak, there are some positive indicators, according to a market update on July 1, by the Deputy Governor of Tonga’s National Reserve Bank, Jessie Cocker, who met with senior regional officers of ANZ Bank on June 28.
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Wednesday 19 June 2013
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Nuku'alofa, Tonga
Petroleum prices in Tonga increased slightly on Monday 17 June.
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Tuesday 18 June 2013
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Nakolo, Tonga
Tonga's first 11kW wind turbine was switched on by the Prime Minister Lord Tu'ivakano, on June 14 at Nakolo in Tongatapu. The Tonga Power Ltd. project aims to prove the viability of wind generation in order to make a larger wind farm in the future.
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Wednesday 12 June 2013
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Nuku'alofa, Tonga
Ten linesmen will leave Tonga at the end of this month after securing jobs with Northpower, a New Zealand based electricity distribution contracting company. The Tonga Power Ltd. workers, including one woman, have been trained to New Zealand qualifications and will fill skills shortages.
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Tuesday 11 June 2013
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Nuku'alofa, Tonga
Tonga's high speed internet is expected to be launched on August 5, after a multi-million dollar submarine fibre optic cable network goes live. The landing of the first cable in Tonga was celebrated this morning in Sopu after the arrival of the 'Ile de Re' French cable ship from Fiji, on June 10.
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Tuesday 11 June 2013
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Nuku'alofa, Tonga
The Minister of Finance, Hon. Lisiate 'Akolo has launched Tonga's biggest ever national budget amounting to T$357.6 million for the 2013-14 financial year, and expressed concern over low returns to government from public enterprises.
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Thursday 6 June 2013
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Kingston, Jamaica:
Digicel Tonga's mobile money service received one of two awards won by Digicel in the Global Telecoms Business Innovation Awards 2013, announced in London, United Kingdom on June 5.
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Monday 3 June 2013
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Nuku'alofa, Tonga
Tonga's Prime Minister, Lord Tu'ivakano attended the inaugural Asia Pacific Energy Forum (APEF) 2013, held in Vladivostok, Russian Federation, from May 27-30, where Asian and Pacific energy representatives talked about energy security and its sustainable use in the region.
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Monday 3 June 2013
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Nuku'alofa, Tonga
The cable ship “Ile de Re” is now in Suva and preparing to roll-out an 837km underwater fibre-optic cable line from Fiji to Tonga, in a $34 million project that will boost Tonga's internet capacity by 6000 times.
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Friday 24 May 2013
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Nuku'alofa, Tonga
Tonga Power Ltd has announced that it has lowered the price of electricity for May consumption, following approval by the Electricity Commission because of this month’s drop in the price of oil.
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Friday 24 May 2013
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Nuku'alofa, Tonga
Tonga government officials told a Chinese business delegation that they would review a policy that imposes 15% consumption tax on business investments in Tonga. They also told the potential investors that tourism is "Tonga's most vibrant industry" and that Tonga has fish to give for fishing boats and it will speed up its process of issuing licenses to fish in Tonga's waters.
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