Results for Business

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.

The resignation of David Wright as Chair of Tonga Power Ltd. was confirmed by Tonga’s Ministry of Public Enterprises today.

A Pasifiki Trade Fair Vava'u Lahi 2011 held in Neiafu for the first time on May 19, featured over 30 product and service booths, as part of the Forum Trade Ministers Meeting.

Tonga can revive its copra export industry but growers and exporters think it unlikely that anyone will be able to kick start the industry in time to meet government's assurance that Tongans will start freighting copra to Fiji by August. by Pesi Fonua.

Aloma Johansson was elected as the new President of the Tonga Chamber of Commerce and Industry Inc. (TCCI) this evening, at its Annual General Meeting in Nuku'alofa.

Tonga's sea cucumber stocks have been overfished in Tongatapu resulting in a depletion of nearly 50 percent over the past two years - especially of sea cucumber with a high commercial value, the Fisheries Department has revealed.

Tonga's growing reliance on imports to meet its protein needs, threatens the nation's food security, and this was a concern discussed at a regional FAO meeting in Vava'u last week.

PACIFIC governments need to put adequate priority into national budgets for the development of agriculture, said the FAO Director-General Mr Jacques Diouf, who opened the Ninth FAO South West Pacific Ministers of Agriculture Meeting in Vava'u on April 5.