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Wednesday 10 January 2007
Nuku'alofa, Tonga
Tonga is unable to fund the reconstruction of its central business district and while it is out looking for international donors to provide finance, the recovery of businesses and the restoration of Law and Order are in slow-motion. By Pesi Fonua
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Tuesday 2 January 2007
Nuku'alofa, Tonga
The demolition and the clearing of burned-out building sites in Nuku'alofa is behind schedule, according to Loka Vaha-mo-Kioa of the Ministry of Works, which oversees the demolition program.
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Thursday 21 December 2006
Nuku'alofa, Tonga
Christmas gift vouchers were awarded today by the Tonga Communication Corporation to its most frequent UCall voice and SMX Text customers for 2006.
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Tuesday 19 December 2006
Nuku'alofa, Tonga
Bringing smiles back to the faces of Nuku'alofa shoppers, the annual Christmas Bonanza $5,000 giveaway held by Western Union on Saturday, saw families filling their trolleys with the warmth and joy of Christmas.
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Thursday 14 December 2006
Nuku'alofa, Tonga
Delays in the arrests of the ring leaders of the mob, who destroyed the Nuku'alofa CBD on November 16, means that Tonga's emergency powers and the restricted zone must remain in force, a meeting of displaced business people was told on Tuesday.
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Wednesday 6 December 2006
Nuku'alofa, Tonga
Damage to businesses in Tonga on 16/11 amounted to nearly T$123.5 million, with 153 businesses affected, and 697 job losses, according to the latest figures from the Ministry of Labour, Commerce and Industries today.
Friday 1 December 2006
Nuku'alofa, Tonga
Nuku'alofa's devastated business community will be allowed to delay their payments of Consumption Tax and Duty for six weeks.
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Thursday 30 November 2006
Nuku'alofa, Tonga
Damage estimated at $85.53 million dollars was incurred by Nuku'alofa businesses who were not insured against riots, while some 678 jobs had been lost, Tonga's Minister of Labour, Commerce and Industries stated today.
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Friday 24 November 2006
Nuku'alofa, Tonga
The Governor of the National Reserve Bank of Tonga Joyce Mafi announced that as of today, November 23, all travellers departing the Kingdom of Tonga are allowed to take out of the country local and foreign currency notes, of not more than TOP$10,000, or its equivalent.
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Thursday 23 November 2006
Nuku'alofa, Tonga
Tonga's business community, suffering an estimated $200-$300 million pa'anga worth of losses, are uncertain whether or not they will be covered by their insurance policies. By Mary Lyn Fonua.
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Tuesday 14 November 2006
Nuku'alofa, Tonga
The controversial proposal by the Tonga government to close down all bonded warehouses by the end of March next year as part of an anti-corruption drive has been withdrawn.
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Monday 6 November 2006
Nuku'alofa, Tonga
The concerns of Tonga's bonded warehouse operators appear to have fallen on deaf ears, as a controversial set of new Custom Bills is set to be presented to the House for debate on Thursday November 9.
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Friday 3 November 2006
Nuku'alofa, Tonga
Shoreline Power, Tonga's sole power generator signed a "Preliminary Sale Agreement" with Northpower of Whangarei, New Zealand, on October 31, Soane Ramanlal, the Chief Executive Officer for the Shoreline Group of Companies announced this afternoon in Nuku'alofa.
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Friday 3 November 2006
Nuku'alofa, Tonga
Reaching out to Tonga's small business ventures to help them grow and develop is the aim of a new Business and Development Services scheme that was launched this morning by the Tonga Chamber of Commerce.
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Friday 27 October 2006
Nuku'alofa, Tonga
A sudden proposal by the Prime Minister and the Chief Commissioner for Revenue for government to close down the 20 bonded warehouses in Tonga by 31 March 2007 has angered Tonga's importers and undermined the confidence of investors.
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Monday 23 October 2006
Nuku'alofa, Tonga
Revisions will be needed to Tonga's Income Tax Bill 2006 if it is to win acceptance in the House this year and in order to avoid a hostile reception from the public. This need is clear as public consultations on the Bill are winding up this week. By Mary Lyn Fonua
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Thursday 19 October 2006
Nuku'alofa, Tonga
The first shipment of Tongan squash bound for Japan and a new market Korea departed Nuku...’alofa on Saturday October 14 with 2,108 tonnes of squash, but a disappointingly low yield is expected this year.
Wednesday 4 October 2006
Nuku'alofa, Tonga
Simione Sefanaia has become the Acting Managing Director of the Tonga Development Bank replacing Afu...’alo Matoto who was recently appointed as a new Cabinet Minister.
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Tuesday 3 October 2006
Nuku'alofa, Tonga
The first shipment of Tongan squash for 2006 to Japan and a new market Korea will leave Nuku'alofa next week with 2,300 tonnes of squash.
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Friday 15 September 2006
Nuku'alofa, Tonga
The new king of Tonga, King George Tupou V today announced that he will dispose of all his commercial interests in the kingdom.
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