Tonga's foreign reserves increased by $6.4 million reaching $130.3 million in January 2009.
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Friday 6 February 2009
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Nuku'alofa, Tonga
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Monday 2 February 2009
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Nuku'alofa, Tonga
Tonga's high electricity tariffs will be reduced this month, returning to the mid-2007 level as the falling cost of diesel fuel is passed on to consumers.
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Tuesday 27 January 2009
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Nuku'alofa, Tonga
Two mining companies, TCK Tonga Ltd. and Nautilus Minerals Tonga Ltd., have made a total of $1.24 million pa'anga of withholding tax payments to the Tonga government for their mineral exploration in Tongan waters in 2008.
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Wednesday 21 January 2009
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Nuku'alofa, Tonga
Six newly-designed Tongan pa'anga notes of different demoninations, featuring King George Tupou V were released for circulation today by the National Reserve Bank of Tonga.
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Thursday 15 January 2009
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Nuku'alofa, Tonga
Tonga's foreign reserves increased by $1.2 million to $123.9 million in December 2008.
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Wednesday 14 January 2009
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Nuku'alofa, Tonga
Petroleum prices dropped down to the $2 litre mark, following a nationwide fuel price decline that saw over 60 seniti drop from last month's price on the main island Tongatapu.
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Friday 9 January 2009
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Nuku'alofa, Tonga
Tonga's 'Unuaki 'o Tonga Royal University will invest $4 million to develop, renovate and to operate the Tonga National Cultural Centre, a 20-year-old multi-million complex that was built on the shores of the Fanga'uta lagoon, 'Etuate Lavulavu announced this week.
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Monday 22 December 2008
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Nuku'alofa, Tonga
Loumaile Lodge, the first hotel to be constructed in the Nuku'alofa Central Business District since November 2006 was officially opened by Princess Pilolevu Tuita on Friday evening, December 19.
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Monday 22 December 2008
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Nuku'alofa, Tonga
FROM OUR ARCHIVES. The positive economic impact of the Coronation of HM King George Tupou V on Tonga's economy is estimated at $19.7 million pa'anga.
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Thursday 18 December 2008
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Nuku'alofa, Tonga
Tonga has successfully received a payment of $500,000 pa'anga from the owners of the Taiwanese fishing vessel FV Chu Huai No. 638 that was prosecuted for illegal fishing in Tongan waters in January.
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Monday 15 December 2008
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Nuku'alofa, Tonga
Access to the internet and a computer centre of their own was a welcome Christmas present for members of the 'Ofa Tui mo e 'Amanaki Centre for the handicapped.
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Friday 12 December 2008
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Nuku'alofa, Tonga
Minerals exploration on Tonga's seabed is slowly getting into a momentum as a second research ship, the R/V Onnuri left Nuku'alofa, on Wednesday, December 10 to look for copper, gold, zinc and silver on the sea-bed to the south of Tongatapu.
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Wednesday 3 December 2008
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Nuku'alofa, Tonga
Smiles and tears were brought to members of the Alonga Centre today after Christmas came early for them when they received food and other products from a three minute Digicel Trolley-dash at the Si'i Kae Ola Supermarket on Hala Taufa'ahau.
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Wednesday 19 November 2008
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Nuku'alofa, Tonga
Tongan squash exports shipped a total of 2,200 tonnes of squash to Japan and South Korea this year.
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Wednesday 12 November 2008
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Nuku'alofa, Tonga
Eight hundred Tongan Seasonal Workers will leave Tonga to work in the Australian horticultural industry in July 2009.
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Monday 10 November 2008
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Nuku'alofa, Tonga
The newly appointed General Manager of Digicel, Tonga Crystal Middleton-Lunn, has launched a huge marketing campaign, giving away large cash prizes and this month offering a NZD$60,000 vehicle as a prize a to win customers over to the growing cell phone network.
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Monday 27 October 2008
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Nuku'alofa, Tonga
Tonga's largest squash exporter, Nishi Trading Company Ltd., is targeting to export a total of 1,200 tonnes of squash to Japan and South Korea, a slight increase from their 900 plus tonnes exported last year.
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Monday 20 October 2008
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Nuku'alofa, Tonga
Tonga's official Foreign Reserves held by the National Reserve Bank of Tonga for September rose by $37.2 million, from $91.3 million to $128.5 million, an amount equivalent to 5.3 months of imports.
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Thursday 16 October 2008
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Nuku'alofa, Tonga
Tonga's No. 1 economic problem is that it cannot provide employment for its growing population, including the estimated 2000 school leavers who annually join the work force, according to an Asian Development Bank report that looks at why Tonga's economy is not achieving its potential.
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