Results for Business

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

Tonga's Foreign Reserve in December 2007 increased by $19.8 million, from $94.8 million in November to $114.6 million, an amount equivalent to 5.1 months of imports of goods.

The reconstruction of the Nuku'alofa Central Business District has been rescheduled to start in March, according to Sione Taumoepeau, the Chief Executive Officer for the Ministry of Works.

Rising from the ashes, a new Fung Shing Supermarket was opened for business at Fasi mo e Afi on Wednesday December 19.

Digicel Pacific Ltd's expansion to Tonga with the acquisition of Tonfon Communications, was announced by executives of the two companies in Nuku'alofa yesterday.

By 2030 an additional 37 million tonnes of fish per year will be needed to maintain current levels of fish consumption for an expanded world population. Because traditional capture fisheries have reached their maximum production levels, fish farming represents the only way to fill the gap. But it will only do so if it is promoted and managed in a responsible fashion.

The Tonga Chamber of Commerce and Industry is assisting the Pacific Islands Trade and Investment Commission (PITIC) in the coordination of a "Return to Roots Mission" by investors and buyers.

Orange Princess, a new variety of squash that the Global Trading Company Exporters Ltd. will export to South Korea for the first time this month, could rescue Tonga's struggling Squash Industry.

A black marlin weighing 390kg and over 4m long was hauled into the fish markets today from the Ekiaki a vessel which is owned by the Quality Fishing Co. and captained by Loseli Tuineau. The huge fish was caught last Tuesday, 36 miles north east of Kao.