Tonga's electricity consumers have been spared the recent electricity price increase as the government is stepping in to cover the increased charges over the next few months. A statement today said the Prime Minister “is also the Minister of Public Enterprises, the Minister of Finance and CEO of the Ministry of Public Enterprises.” has directed an independent audit of the tariff structure.
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Tuesday 5 November 2019
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Nuku'alofa, Tonga
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Friday 1 November 2019
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Nuku'alofa, Tonga
The price of electricity has increased starting today, 1 November, from $0.799 to $0.8316 per kWh, approved by the Electricity Commission. With the tarriff increase, Tonga Power Ltd. expects to recover $1.6 million over 12 months, to offset losses in fuel costs.
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Friday 1 November 2019
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Nuku'alofa, Tonga
The National Reserve Bank made a record profit of $6 million in 2018/2019, and presented government with $4.2 million share of earnings.
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Wednesday 16 October 2019
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Nuku'alofa, Tonga
Marcellina Wolfgramm has been appointed as the Bank of South Pacific (BSP) new Country Manager in Tonga. She takes over the role from Daniel Henson, who led the Tonga operation since BSP started in 2015.
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Wednesday 9 October 2019
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Nuku'alofa, Tonga
Tonga’s postal service was established in 1887 and today Tonga Post, along with postal services worldwide, celebrated World Post Day, 9 October, to highlight their work and its contribution to social and economic development.
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Tuesday 1 October 2019
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Nuku'alofa, Tonga
The Asian Development Bank Outlook 2019 this month has forecasted that the Pacific region economy will grow by 4.2% in 2019.
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Thursday 22 August 2019
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Nuku'alofa, Tonga
Local business operators will gain an insight into how to win contracts funded by the Asian Development Bank (ADB) and the World Bank (WB), at an upcoming seminar in Nuku'alofa on 29 August.
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Thursday 8 August 2019
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Auckland, New Zealand
Tevita Funaki is the newly appointment Chairperson of the Pacific Business Trust in New Zealand.
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Wednesday 7 August 2019
Nuku'alofa, Tonga
Anthony Seuseu is the newly appointed Chief Executive Officer for Digicel Tonga for a period up to three-years.
Monday 29 July 2019
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Nuku'alofa, Tonga
A seven member Tongan delegation attended the 25th Session of the International Seabed Authority (ISA) meeting in Kingston, Jamaica, from 15-26 July, to discuss and formulate a seabed mining code and other matters. Tonga presented a discussion paper on issues related to Small Island States and sharing of financial proceeds from mining of deep seabed minerals.
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Saturday 27 July 2019
Nuku'alofa, Tonga
The opportunities for Tongans to get a better paid job in New Zealand and Australia under New Zealand’s Recognised Seasonal Employer Scheme (RSE) and Australia’s Seasonal Workers’ Program (SWP) has been hailed as a blessing by family members and the government, but at the same time it is regarded as a stumbling block to local Private Sector growth. Local Tongan businesses that can't compete with the overseas pay rates are experiencing shortages of semi skilled and skilled labour. By Pesi Fonua.
Thursday 18 July 2019
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Nuku'alofa, Tonga
Tonga’s first large scale Battery Energy Storage System to be built at the Popua Power Station is expected to be operational in May 2020, contributing to Tonga’s 50% Renewable Energy target.
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Tuesday 16 July 2019
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Nuku'alofa, Tonga
The construction of a multi-storey building on the Nuku‘alofa waterfront by a new entity the “Oriental Investment Development Bank” has been quietly proceeding following a ground breaking ceremony on April 4. But according to Tongan regulators, the bank does not hold a licence to operate a bank in Tonga. By Pesi Fonua.
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Thursday 11 July 2019
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Nuku'alofa, Tonga
HM King Tupou VI switched on Tonga’s first wind farm, named Ii ‘o Manu Mataongo at Niutoua yesterday, 10 July. The 1.375 megawatt wind farm powered by five wind turbines, was built under a $42 million pa’anga Japanese aid project.
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Monday 24 June 2019
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Brisbane, Australia
A new Tonga business, Pacific Sunshine Fishing Brisbane has begun importing fish from Tonga to the Queensland market. Tongan entrepreneur, Kristian Palu started the business to offer high-quality fish from Tonga to both Brisbane and the Sunshine Coast.
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Saturday 8 June 2019
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Nuku'alofa, Tonga
A cheque for $7.5 million pa'anga was paid to the Tonga Development Bank from the Public Service Retirement Fund Board (PSRFB) for its purchase of a 15% shareholding in the government-owned bank, increasing the number of shareholders to three.
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Thursday 6 June 2019
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Nuku'alofa, Tonga
A $5 million grant has been approved by the Asian Development Bank (ADB) to continue helping Tonga strengthen its fiscal position on June 6. The funds will be released after Tonga adopts prudent policies and better public financial management, aiming to improve Tonga’s business climate with policy, regulator and public enterprise reforms.
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Tuesday 4 June 2019
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Nuku'alofa, Tonga
An extreme explorer expedition in Tonga is aiming to become the first to dive and explore the Horizon Deep within the Tonga Trench. This week the Five Deeps Expedition aims to find out if the Tonga Trench is only the second-deepest in the Pacific or if it might be actually deeper than the Mariana Trench.
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Tuesday 28 May 2019
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Nuku'alofa, Tonga
The Tongatapu Royal Agriculture, Fisheries and Tourism Trade Show this year will be held a month earlier than usual, on Saturday, June 22, to be followed by the outer islands shows.
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Friday 17 May 2019
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Nuku'alofa, Tonga
The price of petrol, kerosene, and diesel has increased for May-June starting yesterday, 16 May 2019. Wholesale petrol, kerosene and diesel increased by 11.61 seniti/litre, 5.51 seniti/litre and 4.71 seniti/litre respectively.
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Tonga weather forecast from yr.no, delivered by the Norwegian Meteorological Institute and the NRK. See also Fua'amotu Weather Forecasting Center, Tonga, for latest local weather bulletin.