Results for Business

Businesses and workers are finding it hard to repay loans in the CoViD-19 economic downturn. A national rapid assessment on the impact CoViD-19 is having on businesses and employment will run from 10 August until 7 September, the Tonga National Tripartite Committee (TNTC) announced today.

A $1.8 million data network upgrade to provide faster internet download speed in Tonga has been completed by Digicel. All sites across Tongatapu, Ha‘apai, Vava’u and ‘Eua are now using what is termed LTE or “Long Term Evolution”, which is a marketing phrase to signify progression toward true 4G.

Thousands of vegetable seeds, such as spinach, eggplant, capsicum, carrot, and more, were donated to the ‘Eua community by Heilala Vanilla, to help them establish a sustainable nursery to support their families.

Tonga’s National Reserve Bank on July 1 2020 declared that Tonga’s economy would remain contracted during the current Fiscal Year due to the negative impacts of Cyclone Harold and the continuing COVID-19 restriction.

The duty for fuel has been increased by the Tongan Government by 10 seniti/litre from 65 to 75 seniti/litre, resulting in the rise of petrol and diesel prices starting today 1 July.

A new ATM point has been opened in a busy commercial area outside of Nuku'alofa by the Bank of South Pacific, to cater for the people on the eastern and central districts in Tongatapu.

More than 30 registered electrical contractors are attending an electrical safety and compliance workshop in Nuku’alofa this week, as Tonga rebuilds after Tropical Cyclone Harold and also installs new life saving equipment for the Health sector. The two days of training aims to avoid deaths by electrocution and to refresh contractors’ knowledge and provide new skills to ensure a reliable, safe, clean and affordable supply of energy is provided.

The prices of petrol, kerosene and diesel have fallen largely in new prices effective on May 18.

A Pacific tourism report on the CoViD-19 impact and recovery in the region projected NZD$3.1 billion losses if there were no tourists visiting seven Pacific Island countries, including Tonga, over a 12-month period.