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Results for Business

Thursday 31 May 2012
Nuku'alofa, Tonga
A continue decline of Tonga's foreign currency earnings has stifled the growth of the Tongan economy, the Governor of the National Reserve Bank of Tonga, Mrs Siosi Mafi said this morning, May 31.
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Monday 28 May 2012
Nuku'alofa, Tonga
A public company, the Tonga Petroleum Holding Ltd TBHL has been formed to advance the Tonga government's plan to establish a Tank Farm before the end of the year.
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Thursday 24 May 2012
Nuku'alofa, Tonga
Tonga has closed the fishing of sea cucumbers for three years, starting this year to allow the stock to recover from overfishing and illegal fishing.
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Thursday 24 May 2012
Nuku'alofa, Tonga
Five secondary schools in Tonga have joined a service that will allow parents and relatives in Australia and New Zealand to pay school fees directly to the schools.
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Wednesday 23 May 2012
Bangkok, Thailand
Pacific countries cannot be left isolated from regional economic integration initiatives in the Asia-Pacific region.
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Tuesday 22 May 2012
Nuku'alofa, Tonga
Tonga's first Solar Farm, built at a cost of TOP $12 million, is expected to be in full operation by August, said John van Brink, the General Manager of the Tonga Power Ltd.
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Friday 18 May 2012
Nuku'alofa, Tonga
Cell phone users in Tonga can now use their mobile phones in much the same way as they can use a plastic banking card to pay for goods and services in shops, and they do not need a bank account to transfer and receive money from overseas.
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Thursday 17 May 2012
Nuku'alofa, Tonga
The Tonga Development Bank has reduced its interest rates by 1% on customer loans, and has offered a 50% repayment reduction on all monthly loan repayments for three months, effective 1 May 2012.
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Thursday 17 May 2012
Nuku'alofa, Tonga
Tonga's Foreign Reserve increased by $1.1million to $240.3 million in April, which is equivalent to nine months of imports of goods.
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Thursday 10 May 2012
Nuku'alofa, Tonga
Alcatel-Lucent Submarine Network of France won the contract to lay a submarine fibre-optic cable system from Fiji to Tonga, which is expected to be in service by June 2013.
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Friday 4 May 2012
Nuku'alofa, Tonga
Rev. Dr Tevita Havea was elected as the chairman of the National Retirement Benefits Scheme and Dr Sione Leimoni Taufu'i as its Chief Executive Officer, at the first meeting of the board of directors on May 2 at the office of the National Reserve Bank.
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Friday 27 April 2012
Nuku'alofa, Tonga
The first six directors of Tonga's first National Retirement Benefits Fund were announced last night following an election yesterday, April 26.
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Tuesday 24 April 2012

Nuku'alofa, Tonga
FROM OUR ARCHIVES, 24 April 2012. Two Tongan grandmothers who attended India's Barefoot College last year, have returned home with new skills ready to start installing new solar panels to provide electricity in under-privileged homes in their swampland community of 'Isileli. FROM OUR ARCHIVES, 24 April 2012.
Tuesday 10 April 2012
Nuku'alofa, Tonga
The election of seven members of the Board of Directors to manage Tonga's first National Retirement Benefits Fund NRBF will be held on April 26, according to Ikapote Tavalea, an adviser on Retirement Benefits Fund to the Ministry of Finance.
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Thursday 23 February 2012
Nuku'alofa, Tonga
The new Tonga Village Network Upgrade Project will not only upgrade power distribution in 17 villages throughout Tongatapu, but it is also creating jobs and industry training for 10 Tongan linesmen.
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Thursday 16 February 2012
Nuku'alofa, Tonga
An Economic Dialogue aimed at growing the Tongan economy in a collective effort, will be held on March 7-8 hosted by the National Reserve Bank of Tonga, and will bring together key people in agriculture, fisheries and tourism sectors, and government, to develop actions and address the challenges of Tonga's current economic downturn.
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Wednesday 8 February 2012
Nuku'alofa, Tonga
A ground-breaking ceremony for the construction of a Landing Station for a $US33 million submarine fiber-optic cable telecommunications network for Tonga, was led by the Prime Minister, Lord Tu'ivakano at Sopu, on the Nuku'alofa waterfront on January 24. The US$33million project, jointly funded, 80% by the World Bank and Asian Development Bank, and 20% by the Tonga Communications Corporation, is expected to be in operation by the second quarter of 2013.
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Monday 9 January 2012
Nuku'alofa, Tonga
The National Reserve Bank of Tonga on 29 December 2011 reported that the country's official Foreign Reserves for November 2011 fell by $1 million from $213.9 million in October to $212.9 million.
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Monday 19 December 2011
Nuku'alofa, Tonga
Mangoes are slowly ripening-up on trees under the hot December sun, but despite what appears to be an abundant mango season, fewer mangoes will be left for humans after the C.g. fungus spoils flowers and premature fruit, and the flying foxes or fruit bats (pekas) take their share of what is left. Agricultural expert, Semisi Pone, reveals why the season of fruitfulness in Tonga is not what it used to be, and the serious threat posed by a fruit fungus.
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Friday 16 December 2011
Nuku'alofa, Tonga
Tonga's export fishing industry is dead, say business people who have abandoned their efforts to keep it alive, after years of paperwork battles with government officials and the ministry responsible for fisheries.
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