The collapse of some financial credit institutions n the United States this month has not directly impacted Tonga, according to the Minister of Finance Hon. 'Afu'alo Matoto today.
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Monday 22 September 2008
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Nuku'alofa, Tonga

Monday 22 September 2008
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Nuku'alofa, Tonga
After 11 years of closure, Tonga has lifted its ban on the fishing of sea cucumbers but only for a limited six month period per year, confirmed the Deputy Director of the Ministry of Fisheries ‘Ulunga Fa‘anunu today.

Monday 22 September 2008
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Nuku'alofa, Tonga
Palu Aviation Services opened a new shed at the Fua'amotu International Airport, marking the fast-growing company's sixth birthday on September 17.

Friday 12 September 2008
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Nuku'alofa, Tonga
A new low-carb beer was introduced to the top end of the Tongan beer drinking market with a launching at the Janfull International Dateline Hotel on Thursday night, September 11.

Tuesday 9 September 2008
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Nuku'alofa, Tonga
The process of privatising government enterprises in Tonga made two steps forward and one step backward in July.
The government sold its remaining 75 per cent shareholding in the Leiola Group Ltd., Tonga's sole Duty Free enterprise, to the Pacific Retail Ltd. for $6.06 million pa'anga; and its 40 per cent shares in the Westpac Bank of Tonga to Westpac for $25 million pa'anga. Then government bought back the national power generation unit from Shoreline Power for $US17.7 million and handed it over to its own company Tonga Power Ltd.

Thursday 4 September 2008
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A Tongan family business Look Sharp Tonga Ltd., that markets screen printed t-shirts and sports clothing, has established a new commercial building in Neiafu, Vava'u.

Tuesday 26 August 2008
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Nuku'alofa, Tonga
Trade negotiations between the small island states of the Pacific and the developed countries of the world remain very complex and challenging, said Tonga's Paulo Kautoke the new Pacific Trade Representative at the World Trade Organisation office in Geneva, Switzerland.

Thursday 17 July 2008
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Nuku'alofa, Tonga
The Lion Liquor company of Ma'ufanga launched a new beer product, Mata Maka Lager last night, July 16 at the Billfish Bar.

Monday 14 July 2008
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Nuku'alofa, Tonga
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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.
