The Tonga government's proposed sale of its shareholding in the Westpac Bank of Tonga was not finalized, said the new chairperson for the Westpac Bank of Tonga Board, Ms Jane Kittel, who is currently in Tonga on a five-days visit.
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Wednesday 12 July 2006
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Nuku'alofa, Tonga
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Friday 30 June 2006
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Nuku'alofa, Tonga
Recent restrictions on lending by Commercial banks that have been introduced by the Tongan National Reserve Bank is an exercise that is faced by any growing economy around the world, according to the ANZ Bank's Managing Director for the Pacific, Mike Guerin who was in Nuku...alofa on Thursday June 29.
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Monday 26 June 2006
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Nuku'alofa, Tonga
A new Canopy Wireless Broadband System wil be launched in Tonga, on July 7, Mark Schmid, the new manager of Tonfon Communications announced on Thursday June 15 during a Business Solution event hosted by Tonfön at the Waterfront Cafe.
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Friday 23 June 2006
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Nuku'alofa, Tonga
Tonga's estimated 60,000 television viewers have never had so many channels to choose from.
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Tuesday 20 June 2006
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Nuku'alofa, Tonga
Tonga this year has secured a second market for its squash, Korea, and it is hoped this will encourage growers who have lost confidence after their worst year in 2005.
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Wednesday 24 May 2006
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Nuku'alofa, Tonga
The Tonga Communication Corporation today launched its new broadband service called "Data Anywhere" at the Fafa Island Resort, on one of Tongatapu's offshore islands.
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Thursday 27 April 2006
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Nuku'alofa, Tonga
Tonga's government is seeking a loan of $TOP60 million from China to buy back the Shoreline's electricity assets.
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Wednesday 12 April 2006
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Nuku'alofa, Tonga
Tonga's official Foreign Reserve in March fell to its lowest level in 17 months.
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Saturday 8 April 2006
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Nuku'alofa, Tonga
Hecklers forced the Tonga Chamber of Commerce Annual General Meeting to a standstil on April 6, after a last minute bid for voting rights by about 120 new applicant members failed, in a challenge to the office bearers.
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Saturday 8 April 2006
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Nuku'alofa, Tonga
The Shoreline Group is pushing to sell Tonga's electricity generation and distribution assets back to the Tonga government for an undisclosed multi-million dollar price tag.
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Friday 7 April 2006
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Nuku'alofa, Tonga
Announcing a 5.3% inflation rate for February 2006, Tonga's Ministry of Finance on April 5 concluded that while the cost of living is still increasing, it was good news compared to the double digit inflation figures of February last year.
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Monday 6 February 2006
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Nuku'alofa, Tonga
The Chinese Ambassador to Tonga HE Mr. Hu Yeshun, this afternoon presented Tonga's Minister for Education, Dr Tevita Palefau with $1.2 million worth of new furniture for the new Tonga High School campus.
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Friday 13 January 2006
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Nuku'alofa, Tonga
Tonga's reserve bank this week imposed a credit ceiling on banks in a move to control lending and stop a marked decline in its foreign reserve.
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Friday 30 December 2005
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Nuku'alofa, Tonga
As of November 2005 Tonga's official Foreign Reserve held by the National Reserve Bank of Tonga was $81.8 million, an amount equivalent to 4.3 months of imports of goods. The November Foreign Reserve was $0.6 million less than that of October.
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Thursday 22 December 2005
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Nuku'alofa, Tonga
Tongan squash growers hoping for some Christmas cash will be disappointed as the payments for this year' sqaush exports will not be made by the exporters to the growers until next year.
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Friday 16 December 2005
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Nuku'alofa, Tonga
Cafe Reef, a new coffee and snacks place was opened yesterday in the Nuku‘alofa harbour area, by the guest of honour, Hon Alaileula Tuku‘aho.
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Sunday 11 December 2005
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Nuku'alofa, Tonga
Such a grim picture of the Tongan economy is forecast over the next 18 months that Tonga's Minister of Finance has come out to warn the public of the dire economic consequences of the massive salary increase given to public servants in the September strike settlement. By Mary Lyn Fonua
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Saturday 10 December 2005
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Nuku'alofa, Tonga
The monopoly of Peau Vava'u Airways in Tonga's domestic air service ended today, December 9, when a new operator Airlines Tonga Air Fiji Ltd was to be issued with a license to compete on Tonga's domestic routes until March next year.
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Tuesday 29 November 2005
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Nuku'alofa, Tonga
Stephen Tusler of Australia is the new General Manager of the Tonga Communications Corporation, taking up his two year contract on November 28.
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Thursday 10 November 2005
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Nuku'alofa, Tonga
Tonga's accession to the World Trade Organisation WTO is at the point of no return, Tonga's Minister for Labour, Commerce and Industries Dr Feleti Sevele, told WTO critics at a Press Conference in Nuku'alofa on Tuesday, November 8, saying that retailing and wholesaling are two sectors that will remain protected for Tongans.
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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.