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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Thursday 1 May 2008
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Nuku'alofa, Tonga

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.

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.

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.

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.

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."

Tuesday 4 March 2008
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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.

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.

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.

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.

Friday 15 February 2008
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Nuku'alofa, Tonga
As Tonga's electricity price goes up by 20.7% to 23% tonight households and small businesses will wake up in the morning to face the fact they will be paying hundreds of pa'anga more for their electricity supply this year, while for larger businesses the new rate will increase their costs by thousands of pa'anga per year.

Thursday 14 February 2008
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Nuku'alofa, Tonga
Tonga's bankers, who are very concerned with Tonga's currently depressed export earnings, and its reliance on aid donors and foreign remittances for its source of foreign earnings, will meet today to consider solutions.

Monday 11 February 2008
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Nuku'alofa, Tonga
Tonga will be sending its largest ever trade mission of over 30 businesses to the 2008 Pacific Trade Expo to be held in Auckland on March 5-6.

Monday 11 February 2008
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Nuku'alofa, Tonga
A group of 63 Tongan seasonal workers will leave for New Zealand on February 11, the 16th group to join the RSE scheme.

Monday 4 February 2008
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Nuku'alofa, Tonga
Tonga needs more remittances and more foreign aid flowing into the country, if it is to maintain a balance of trade with Australia and New Zealand, its main trading partners, Hon. Afu'alo Matoto, the Minister of Information said last week.

Thursday 31 January 2008
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Nuku'alofa, Tonga
Mineral exploration for high grade copper-gold-zinc-silver massive sulphide deposits will start in Tongan waters in May, according to the manager of Nautilus Minerals Tonga, Paula Taumoepeau.

Wednesday 30 January 2008
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Nuku'alofa, Tonga
The current value of the Tongan Pa‘anga continues to steadily weaken against the Australian and New Zealand dollar at the same it strengthens against the US dollar.

Wednesday 30 January 2008
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Nuku'alofa, Tonga
The price for a loaf of bread in Tongatapu went up by 35 seniti from $1.40 to $1.75 on Sunday, January 27.

Monday 28 January 2008
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Nuku'alofa, Tonga
An equity fund agency in Nuku'alofa is being established by the Kula Fund II, a pool of multi-million capital funds.
