IFC, a member of the World Bank Group, is helping the government of Tonga set up an electronic company registry to improve business registration procedures and support the formalization of business, in particular small and medium sized enterprises.
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Results for Business
Wednesday 18 November 2009
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Nuku alofa,Tonga

Tuesday 10 November 2009
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Nuku'alofa, Tonga
The Prime Minister will host a historical meeting with Development Partners on Tonga's Energy Roadmap in Neiafu, Vava'u on 16-17 November 2009. The aim of the meeting is to finalise and sign-off on "Tonga's Energy Roadmap 2010-2020", which will enable Tonga to reach its policy target of fifty percent of its power generation to be fuelled by renewable sources within three years.

Monday 9 November 2009
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Nuku'alofa, Tonga
Tonga's official Foreign Reserves fell by $2.6 million from $163.3 million in September to $160.7 million in October.

Wednesday 28 October 2009
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Nuku'alofa, Tonga
An agreement for the New Zealand Government to give Tonga a TOP$250,000 granted for the establishment of a new Business Opportunity Support Scheme BOSS, was signed by the Tongan Prime Minister, Hon, Dr Feleti Sevele and the New Zealand High Commissioner HE Ms Christine Bogle on Monday, 26 October in Nuku'alofa.

Friday 23 October 2009
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Nuku'alofa, Tonga
Tonga's Squash Industry is targeting to export a total of 1,600 tonnes of squash to Japan and South Korea, a decrease from the 2,400 tonnes exported last year.

Monday 19 October 2009
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Nuku'alofa, Tonga
Tonga does not have food insecurity or hunger but rather a problem of eating low-quality food, which causes a high rate of non-communicable diseases such as diabetes and obesity, Prince Tu'ipelehake said in opening a display of Tongan food on October 16 for International World Food Day.

Thursday 15 October 2009
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Washington, USA
In a record year for regulatory reform worldwide, most economies in East Asia and the Pacific strengthened business regulations, making them more efficient to help increase opportunities for local firms. Tonga, in particular, recorded an impressive ranking of 52 out of 183 countries, making it the leading performer in doing business in the Pacific region.

Tuesday 22 September 2009
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Nuku'alofa, Tonga
Tonga's electricity tariff will go up by 20.35 seniti per kWh, effective from the meter reading at the end of October, Peter McGill, the CEO of the Tonga Power Ltd. announced this afternoon.

Saturday 19 September 2009
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Nuku'alofa, Tonga
A company that offers small loans at village level, the South Pacific Business Development SPBD Microfinance Limited Tonga, officially launched it's operation in Tonga this week.

Friday 18 September 2009
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Nuku'alofa, Tonga
Tonga's Foreign Reserves rose by $19.8 million to a record high of $159.2 million in August, the equivalent of 6.2 months of imports of goods for Tonga.

Wednesday 2 September 2009
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Nuku'alofa, Tonga
Tonga's sole duty free enterprise, the Leiola Group Ltd is branching out from its airport duty free operation to offering its high branded products to local retailers.

Friday 14 August 2009
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Manila, Philippines
The Asian Development Bank (ADB) is providing assistance to the Pacific to help design and deliver renewable energy products to the region through a $3 million grant for the development of small pilot projects in Papua New Guinea, Solomon Islands, and Vanuatu.

Friday 31 July 2009
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Nuku'alofa, Tonga
A new pre-paid 20 channels television service, DigiTV, was launched by Digicel in Tonga on 30 July.

Thursday 30 July 2009
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Nuku'alofa, Tonga
The Governor of the National Reserve Bank of Tonga, Mrs Siosi Cocker Mafi, stated that at its meeting on 28 July 2009 the Reserve Bank Board noted that economic activity continued to slow down due to the impact of the global financial crises and contributing to this slow down is the decline in domestic credit growth. Domestic banks are tightening their lending criteria due to high non performing loans.

Thursday 23 July 2009
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Nuku'alofa, Tonga
A new series of business licensing brochures, making it easier for investors to acquire business licenses in Tonga, was launched by the Minister of Labour, Commerce and Industries, Hon. Lisiate 'Akolo at the Fa'onelua Convention Centre on Friday, July 17.

Tuesday 21 July 2009
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Nuku'alofa, Tonga
Tonga's official Foreign Reserves held by the National Reserve Bank for June rose by $4.2 million pa'anga to $136.3 million, the highest so far for the year.

Wednesday 1 July 2009
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Nuku'alofa, Tonga
The ANZ Bank in Tonga has opened a new retail branch in central Nuku'alofa, in a development project with Fund Management Ltd. that is bringing commercial life back to an area of the capital destroyed in the riots of 2006.

Thursday 11 June 2009
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Nuku'alofa, Tonga
Seventeen licenses have been issued to sea cucumbers operators to fish, process and export dried beche-de-mers from Tonga for the 2009 season, which runs from April 1 until the end of September.

Wednesday 10 June 2009
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Nuku'alofa, Tonga
Economic growth of 1.7% for Tonga is the aim of the government's $225.4 million pa'anga budget for 2009-10, the Minister of Finance, Hon. Afu'alo Matoto told the Tongan Parliament on Monday, June 8.

Wednesday 10 June 2009
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Nuku'alofa, Tonga
Tonga's official Foreign Reserves held by the National Reserve Bank of Tonga for May fell by half a million pa'anga to $132.1 million, the equivalent of 4.6 months of imports of goods.
