The Tonga Government has sold its 40 per cent shareholding in Tonga's oldest bank the Westpac Bank of Tonga, giving full ownership to the Westpac Banking Corporation (Westpac) today July 14.
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Monday 14 July 2008
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Nuku'alofa, Tonga
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Wednesday 2 July 2008
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Nuku'alofa, Tonga
Petroleum prices in Tonga's remote Niuas islands passed the $4 a litre mark, following yesterday's nationwide fuel price rise that added between .20 seniti to .22 per litre on last month's price.
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Friday 27 June 2008
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Nuku'alofa, Tonga
Tonga's future prosperity depends on private sector lead economic growth, and business cannot grow in government's shadow, said Tonga's Minister of Finance, Hon. Afu'alo Matoto in launching his first budget to the community.
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Tuesday 24 June 2008
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Nuku'alofa, Tonga
Tonga is waking up after a long slumber, Tonga's Minister of Finance, Hon. Afu'alo Matoto said this morning, predicting that a small growth in the economy next year might turn around a long decline in the country's economic performance.
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Friday 13 June 2008
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Nuku'alofa, Tonga
The Acting Chairman of the National Economic Development Council (NEDC), Hon. Paul Karalus, allocated $50,000 pa'anga to the Tonga Chamber of Commerce this week for the establishment of a new organisation that can represent the main sectors that contribute to the Tongan economy.
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Friday 6 June 2008
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Nuku'alofa, Tonga
Tonga's official foreign reserves for May held by the National Reserve Bank of Tonga, stood at $89.5 million, the equivalent of 3.6 months of imports of goods.
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Tuesday 3 June 2008
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Nuku'alofa, Tonga
The installation of $1.4 million worth of new computers for Westpac Bank of Tonga, will guarantee that there will be no more stoppage in its EFTPOS services, said the new General Manager for Westpac Bank of Tonga, Ashleigh Matheson.
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Saturday 17 May 2008
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Nuku'alofa, Tonga
Tonga's official foreign reserves for April, that was held by the National Reserve Bank of Tonga NRBT fell by $6.6 million to $89.7 million, the equivalent of 3.6 months of imports of goods, and the lowest that our foreign has ever been for a few years.
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Wednesday 7 May 2008
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Nuku'alofa, Tonga
Tonga's new telecommunications operator, Digicel Tonga Ltd. officially launched its operation in Nuku'alofa this morning, five months after acquiring Tonfon Communications.
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Thursday 1 May 2008
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Nuku'alofa, Tonga
In opening Pacific Timber and Hardware's large new premises in Nuku'alofa, yesterday HRH Princess Salote Pilolevu Tuita said the store "is a symbol of promising times ahead that could encourage investment in Tonga where investment is needed". Photos by Linny Folau
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Monday 14 April 2008
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Nuku'alofa, Tonga
Economic activity in Tonga is likely to be contracted markedly in 2007, as the Kingdom's economy suffered following a poor agricultural season, the large-scale reduction in civil service workers and the near-destruction of Nuku'alofa's central business district. Reconstruction is taking a long time with only a few projects underway nearly 18 months following the civil disturbance of November 2006.
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Friday 4 April 2008
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Nuku'alofa, Tonga
Paula Taumoepeau is the new President of the Tonga Chamber of Commerce and Industries Inc. Following the Annual General Meeting on March 27.
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Thursday 27 March 2008
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Nuku'alofa, Tonga
The importation of aircrafts and aircraft parts to Tonga will be exempted from excise tariff, Tonga's government Information Unit announced this afternoon.
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Wednesday 26 March 2008
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Nuku'alofa, Tonga
Nautilus Minerals Inc. started the first stage of its mineral exploration for high-grade minerals in Tongan waters today.
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Thursday 20 March 2008
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Nuku'alofa, Tonga
I would like to address specific issues raised in the media recently about Nautilus Minerals Tonga and the work it hopes to do in Tonga. From Paula Taumoepeau, Country Manager-Tonga, Nautilu Minerals.
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Thursday 13 March 2008
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Nuku'alofa, Tonga
Tonga's Foreign Reserve for February fell by $11.3 million to $101.8 million. The National Reserve Bank of Tonga stated yesterday that the large fall reflect a "higher oil payments during the month."
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Tuesday 4 March 2008
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New York, USA
The International Trademark Association (INTA) today joins The International Chamber of Commerce (ICC) in calling for concrete action toward the completion of a new trade agreement focused specifically on stopping the trade in counterfeit goods.
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Tuesday 26 February 2008
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Nuku'alofa, Tonga
Tonga's largest ever Trade Mission going to the 2008 Pacific Trade Expo next week has increased to around 40 participants including private businesses and government ministries.
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Wednesday 20 February 2008
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Nuku'alofa, Tonga
Air Chatham will most likely replace Peau Vava'u as Tonga's second domestic air operator starting in April, the Minister of Transport, Hon. Paul Karalus revealed this afternoon.
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Tuesday 19 February 2008
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Nuku'alofa, Tonga
Tonga's National Economic Development Council (NEDC), set up last year to assist private sector's export initiatives with a $15 million budget, has to date funded two projects and there are more in the pipeline.
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Tonga weather forecast from yr.no, delivered by the Norwegian Meteorological Institute and the NRK. See also Fua'amotu Weather Forecasting Center, Tonga, for latest local weather bulletin.