Faced with continuing drops in remittances and two years of negative growth, Tonga's financial planners have turned to aid donors to support the national budget for the new financial year 2010-11, in order to meet a current deficit of $12.1 million pa'anga, as well as multi-million pa'anga development budget needs.
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Thursday 1 July 2010
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Nuku'alofa, Tonga

Thursday 24 June 2010
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Abu Dhabi, UAE
On June 24, in Abu Dhabi, IRENA and the Kingdom of Tonga will hold an official Signing Ceremony of the IRENA Abu Dhabi Declaration on the Tonga Energy Road Map 2010-20. The ceremony is an important milestone in the successful, on-going partnership between IRENA and the Pacific Kingdom. That partnership has resulted in Tonga going from being almost 100% dependent on imported diesel for electrical generation, to having one of the most ambitious energy plans in the world.

Wednesday 2 June 2010
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Nuku'alofa, Tonga
Local business leaders gathered on Friday to take part in a mentors workshop as part of the Business Mentoring Programme which is being coordinated by the Tonga Chamber of Commerce in conjunction with the New Zealand organisation, Business Mentors New Zealand.

Monday 31 May 2010
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Nuku'alofa, Tonga
The popular Billfish Bar and Restaurant on the Nuku'alofa waterfront celebrated its 15th birthday on May 4.

Friday 21 May 2010
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Nuku'alofa, Tonga
Licenses for the harvesting and the exporting of Bech-de-mers from Tonga have been issued to eleven operators so far, since the beginning of the Bech-de-mers harvesting season on April 1.

Monday 10 May 2010
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Nuku'alofa, Tonga
A house fire caused by a candle razed a home situated beside the Janfull International Dateline Hotel at around 4:00 am this morning, March 10. Fortunately, the occupants including a mother and her one-year-old baby escaped without injuries.

Saturday 8 May 2010
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Nuku'alofa, Tonga
Nuku'alofa's Fire Services saved the lower deck of the Pacific Blue 18, after the fishing vessel's wheelhouse caught on fire on Friday morning, May 7 at Faua Wharf.

Wednesday 21 April 2010
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Nuku'alofa, Tonga
Tonga's official Foreign Reserves held by the National Reserve Bank of Tonga for March rose by $2 million pa'anga to $155.5 million due to an official grant from the Asian Development Bank.

Thursday 8 April 2010
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Nuku'alofa, Tonga
The Tongan government has reduced its expenditure by 11% because of a 28% shortfall in revenue collection during the current financial year, Tonga's Minister of Finance, Hon. Afu'alo Matoto told representatives of Tonga's Development Partners at the Fa'onelua Convention Centre this morning, March 8.

Tuesday 6 April 2010
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Nuku'alofa, Tonga
A call for tenders for a management contract for Tonga's new interim ferry, the Ajang Subuh, will be made tomorrow by the Ministry of Public Enterprise who expect the inter-island ferry to arrive from Malaysia on April 16.

Saturday 20 March 2010
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Nuku'alofa, Tonga
A derelict and partially completed hotel of the Pacific Investments Ltd at Sopu has been sold by the Westpac Bank of Tonga to Government for a mere $1 pa'anga.

Wednesday 17 March 2010
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Nuku'alofa, Tonga
Tonga's Foreign Reserves fell by $7.3 million to $153.5 million in February, mainly due to a large official capital outflow that was used for the repayment of foreign currency loans.

Friday 19 February 2010
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Nuku'alofa, Tonga
Westpac today encouraged customers impacted by Cyclone Rene to contact their local branch to discuss ways the bank can support them.

Thursday 4 February 2010
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Nuku'alofa, Tonga
The price of electricity will go up by 3.75 seniti to 86.89 seniti per kWh, starting this month, February 2010.

Thursday 14 January 2010
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Nuku'alofa, Tonga
Tonga's official foreign reserves for December 2009 reached $160.4 million, which was half a million pa'anga more than the November figure of $159.9 million.

Tuesday 29 December 2009
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Nuku'alofa, Tonga
A small rocket is scheduled to be launched into space from a rocket launching site on the southern tip of 'Eua during November/December 2010, according to Randa and Roderick Milliron, the founders and the major share-holders of Interorbital System IOS.

Wednesday 23 December 2009
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Nuku'alofa, Tonga
As an economic slowdown continues, the National Reserve Bank of Tonga has offered SDR relief for commercial banks, to encourage them to reduce interest rates for customers.

Wednesday 23 December 2009
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Nuku'alofa, Tonga
Mother of two, Tita Veamatahau from Ma'ufanga, was delighted yesterday when she was named as one of five lucky winners in the Western Union Christmas promotion.

Friday 4 December 2009
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Nuku'alofa, Tonga
Tonga's new Company Registration facility was launched on December 1 when the Acting Prime Minister Dr Viliami Tangi presented HRH Princess Pilolevu Tuita with the Re-registration Certificate of her company, the Friendly Islands Satellite Communications Ltd. at the International Dateline Hotel.

Thursday 26 November 2009
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Nuku'alofa, Tonga
Male staff of Westpac Bank of Tonga have committed to eliminating violence against women by wearing the white ribbon.
