Results for Business

Tonga took another step toward connecting up to the Southern Cross Submarine Fiber Optic in Fiji and to the world high-speed communication network yesterday, October 18 when the Prime Minister, Lord Tu'ivakano presented Robert Bolouri, the manager of Tonga Cable Limited with a Wholesale Communications Licence.

Tonga's sea cucumber harvesting season that was extended for two weeks from September 30 was closed on Saturday, October 15, according to the Ministry of Fisheries.

Tonga's new export fish market facility remains unfinished while the government is looking for donor funding to complete it, and to hopefully boost Tonga's dying fishing industry.

The government's need to increase its revenue collection was the reason behind increases of up to 700 percent in compulsory government licensing and service fees that had been variously brought into force over the last two years, Tonga's Chamber of Commerce was told on October 5, at a public consultation with some members of parliamentary standing committees.

A World Bank Energy Sector Mission Team visited Tonga on September 20-23 to discuss and advance the preparation of a proposed World Bank and Pacific Region Infrastructure Facility (PRIF) under the Tonga Energy Road Map (TERM).

After the Tongan Parliament passed the government's Budget for 2011/12 on Wednesday, 29 June a final copy of the official Budget has not been published and therefore neither the government ministries nor the public know exactly what is the government's economic policy for the current financial year.

A 45-year-old Chinese fisherman died near Limu Island in Ha'apai on Sunday night, July 17, during a fishing trip when the small boat he was in capsized due to rough seas.

The Tonga government will not be able to borrow money for a number of years, after it has completely drawn-down its $118 million pa'anga loan from China at the end of March 2012, Tonga's Minister of Finance, Hon. Sunia Fili warned the Tongan parliament, when he tabled his 2011-12 budget to the House in June.

Four of the six directors of Tonga Power Ltd. have resigned in the last month, with Tsutomu Nakao and Warren Moyes the latest to hand in their resignations on Tuesday 14 June.