Results for Business

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.

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.

Tonga's economic growth for 2008-09 is likely to be only around half a per cent, after a challenging year in which remittances have slowed, and lending has been cautious, according to an International Monetary Fund Report released yesterday.

The Tongan government is looking at giving Tongan civil servants another salary rise to increase their buying power and stimulate the economy, Tonga's Minister of Finance, Hon. Afu'alo Matoto told Matangi Tonga at the end of April, when he estimated that Tonga's economic growth for the current year would not reach one per cent. By Pesi Fonua.

Although Tonga's six month fishing season for sea cucumbers opened on April 1, the quota for this year's export harvest has not been set and licenses have not been issued to operators.

Tonga will introduce Electronic Company Registration in September, said Penisimani Latu, the Deputy Registrar of Companies, at the Ministry of Labour Commerce and Industries, today.

A sulphuric mix of Tonga's sabbatical laws and last week's volcanic eruption on Hunga Ha'apai that led to the cancellation of Saturday evening's Air New Zealand 767 flight into Fua'amotu International Airport, is causing headaches for Tongan fish exporters who had perishable cargo destined for the USA and Japan. By Mary Lyn Fonua.

The ANZ Bank Tonga branch opened its new headquarter at the Fakafanua Centre, Ma'ufanga, this morning, built at a cost of $4.5 million pa'anga.

Sione Tupou of Ha'ateiho was the lucky winner of $10,000 cash prize in the Back to School draw by Office Equipment in Nuku'alofa on Valentine's Day, February 14.