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Thursday 20 January 2005
Vienna, Austria
Oil futures prices surged above $49 a barrel Tuesday - their highest levels since the end of November - amid plunging temperatures in the United States and fears of supply cuts. - AP
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Monday 17 January 2005
Nuku'alofa, Tonga
There was no telephone or internet communication between Tonga and the rest of the world for about 26 hours, from 12.30pm on Saturday, January 15 until 3 am today, January 17.
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Friday 14 January 2005
Nuku'alofa, Tonga
The launching of the Tonfön's new upgraded Global System for Mobile Communication Service targeted for December 31 has been delayed, according to John Kornele, Tonfon's Technical Manager.
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Friday 7 January 2005
Nuku'alofa, Tonga
Tonga's Foreign Reserves for November 2004 went up by $4.4 million to $91.5 million, an amount equivalent to 5.6 months of imports of goods.
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Wednesday 22 December 2004
Nuku'alofa, Tonga
Tonga's beer drinkers were thirstier during 2004 than they were in 2003, drinking 1.2 million liters of Royal Beer, 400,000 litres more than last year's figure of 800,000 litres.
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Wednesday 22 December 2004
Nuku'alofa, Tonga
Creditors of Tonga's Royal Tongan Airlines are claiming over $16.6 million pa'anga, but so far only $2.21 million has been recovered from the sale of the company's assets and other funds, according to the liquidator's second report.
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Tuesday 21 December 2004
Nuku'alofa, Tonga
The growth in the use of mobile telephones and the Internet in Tonga since 2002, after government allowed a second telephone company, Tonfön to enter the market and compete with the government's own telephone company, the Tonga Communications Corporation, has been unparalleled in the region.
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Wednesday 15 December 2004
Nuku'alofa, Tonga
The former Ambassador Night Club complex was reopened on Saturday December 11, under new ownership. The President of Trans Pacific Ltd., David Prescott said that the opening of the bar on Saturday night was the first step in getting the complex back into operation.
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Tuesday 14 December 2004
Nuku'alofa, Tonga
When Tonfon increases the capacity of its Global System for Mobile Communication from 5,000 to 50,000 subscribers before the end of this year, it will have the capacity to provide a mobile phone for one in every two people in Tonga.
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Thursday 9 December 2004
Nuku'alofa, Tonga
The National Beverage Company on the evening of December 8 launched their latest product Heineken into the Tongan beer drinking market, by hosting a function at the Billfish Bar, Nuku'alofa.
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Thursday 9 December 2004
Nuku'alofa, Tonga
The Country Chicken run by Konifelenisi Trading has found a new nest at the Bhagwan Building on Hala Taufa‘ahau in central Nuku‘alofa.
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Monday 29 November 2004
Nuku'alofa, Tonga
The export of the seaweed Angel's Hair, to Japan this year is expected to bring in $6 million worth of foreign currencies earnings for Tonga.
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Monday 29 November 2004
Nuku'alofa, Tonga
When the last squash ship left Nuku‘alofa early this month for Japan it concluded the 2004 squash season. Tonga exported a total of 13,00 tones to Japan this year.
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Thursday 25 November 2004
Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank for October increased by $8.1 million from $79 million to $87.1 million, an amount equivalent to 5.4 months of imports of goods.
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Tuesday 26 October 2004
Nuku'alofa, Tonga
The Port Services Ltd., the sole handler of cargo at Nuku'alofa's Queen Salote Wharf since 1999, will cease operation on October 30 ...— ending a five year privatisation venture that led to disappointment for investors, frustrated by the Port Authority's refusal to allow an increase in their tariffs.
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Monday 18 October 2004
Nuku'alofa, Tonga
The official Foreign Reserves held by the National Reserve Bank of Tonga in September 2004 was $79 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 12 October 2004
Nuku'alofa, Tonga
Two Tongan business women, 'Ofa Simiki and 'Elenoa 'Amanaki were last night awarded by the Princess Regent, Princess Pilolelvu Tuita, with the inaugural Westpac Business Women of the Year awards.
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Tuesday 12 October 2004
Nuku'alofa, Tonga
The Tonga Communication Corporation had connected 9,000 subscribers to its U-Call mobile telephone service by October 2004. Timote Katoanga, Deputy Manager for TCC said that this was a tremendous jump from 2,000 U-Call subscribers recorded in the previous three months.
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Tuesday 28 September 2004
Nuku'alofa, Tonga
Tonga's official foreign reserves held by the National Reserve Bank for August, stood at $78.4 million, an amount equivalent to 4.8 months of imports of goods.
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Tuesday 28 September 2004
London, UK
Britain is planning a new effort to help poor countries reduce their huge debts by offering to pay off 10 percent of the total owed to international agencies and challenging other nations to follow suit, said Gordon Brown, the chancellor of the Exchequer.
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