Following the events of November 16 BP Oil, the supplier of diesel fuel for Tonga's electricity supply refused to make further deliveries of critical fuel supplies, while demanding full payment and guarantees from the government, a Shoreline executive charges.
David Dunkley, the Chief Operating Officer of Tonga's Shoreline Group of Companies said in a statement yesterday that the government in late November had made a payment of just under $2 million directly to BP Oil, in order to resume the supplies of diesel fuel to Shoreline for power generation.
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Wednesday 31 January 2007
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Nuku'alofa, Tonga
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Monday 29 January 2007
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Nuku'alofa, Tonga
The Tongan Government's Reconstruction Committee will hold a workshop beginning tomorrow to brief local businesses, the community and all other relevant counterparts on the proposed reconstruction plan for the capital Nuku'alofa.
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Friday 26 January 2007
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Nuku'alofa, Tonga
The Tongan government injected $2 million into the Shoreline Power company to pay its fuel bills and prop it up following the destruction of its head office in the November 16 riots, it was revealed today. The government will now have to raise an estimated $60 million to buy back its power generation facility from Shoreline Power. By Pesi Fonua.
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Tuesday 23 January 2007
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Nuku'alofa, Tonga
Representatives of two aid donor agencies, AusAID and NZAID announced in Nuku'alofa that Australia and New Zealand have allocated about $8 million pa'anga to subsidise interest rates on loans for businesses that were affected by the November 16 destruction in Nuku'alofa.
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Thursday 18 January 2007
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Nuku'alofa, Tonga
Hope for the reconstruction of the Nuku'alofa Central Business District was given a boost this morning when the Prime Minister, Hon. Dr Feleti Sevele, told a meeting of displaced business people that materials for the reconstruction of the CBD would be exempted from certain taxes, and that all government leases in the area will be renewed for 99 years.
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Wednesday 17 January 2007
Nuku'alofa, Tonga
The public will be allowed to return to a changed central Nuku'alofa next week when two months of restricted movement will be lifted and pedestrians and traffic movements will be allowed into the central business district. FROM OUR ARCHIVES.
Wednesday 10 January 2007
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Nuku'alofa, Tonga
Tonga is unable to fund the reconstruction of its central business district and while it is out looking for international donors to provide finance, the recovery of businesses and the restoration of Law and Order are in slow-motion. By Pesi Fonua
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Tuesday 2 January 2007
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Nuku'alofa, Tonga
The demolition and the clearing of burned-out building sites in Nuku'alofa is behind schedule, according to Loka Vaha-mo-Kioa of the Ministry of Works, which oversees the demolition program.
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Thursday 21 December 2006
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Nuku'alofa, Tonga
Christmas gift vouchers were awarded today by the Tonga Communication Corporation to its most frequent UCall voice and SMX Text customers for 2006.
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Tuesday 19 December 2006
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Nuku'alofa, Tonga
Bringing smiles back to the faces of Nuku'alofa shoppers, the annual Christmas Bonanza $5,000 giveaway held by Western Union on Saturday, saw families filling their trolleys with the warmth and joy of Christmas.
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Thursday 14 December 2006
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Nuku'alofa, Tonga
Delays in the arrests of the ring leaders of the mob, who destroyed the Nuku'alofa CBD on November 16, means that Tonga's emergency powers and the restricted zone must remain in force, a meeting of displaced business people was told on Tuesday.
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Wednesday 6 December 2006
Nuku'alofa, Tonga
Damage to businesses in Tonga on 16/11 amounted to nearly T$123.5 million, with 153 businesses affected, and 697 job losses, according to the latest figures from the Ministry of Labour, Commerce and Industries today.
Friday 1 December 2006
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Nuku'alofa, Tonga
Nuku'alofa's devastated business community will be allowed to delay their payments of Consumption Tax and Duty for six weeks.
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Thursday 30 November 2006
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Nuku'alofa, Tonga
Damage estimated at $85.53 million dollars was incurred by Nuku'alofa businesses who were not insured against riots, while some 678 jobs had been lost, Tonga's Minister of Labour, Commerce and Industries stated today.
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Friday 24 November 2006
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Nuku'alofa, Tonga
The Governor of the National Reserve Bank of Tonga Joyce Mafi announced that as of today, November 23, all travellers departing the Kingdom of Tonga are allowed to take out of the country local and foreign currency notes, of not more than TOP$10,000, or its equivalent.
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Thursday 23 November 2006
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Nuku'alofa, Tonga
Tonga's business community, suffering an estimated $200-$300 million pa'anga worth of losses, are uncertain whether or not they will be covered by their insurance policies. By Mary Lyn Fonua.
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Tuesday 14 November 2006
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Nuku'alofa, Tonga
The controversial proposal by the Tonga government to close down all bonded warehouses by the end of March next year as part of an anti-corruption drive has been withdrawn.
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Monday 6 November 2006
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Nuku'alofa, Tonga
The concerns of Tonga's bonded warehouse operators appear to have fallen on deaf ears, as a controversial set of new Custom Bills is set to be presented to the House for debate on Thursday November 9.
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Friday 3 November 2006
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Nuku'alofa, Tonga
Shoreline Power, Tonga's sole power generator signed a "Preliminary Sale Agreement" with Northpower of Whangarei, New Zealand, on October 31, Soane Ramanlal, the Chief Executive Officer for the Shoreline Group of Companies announced this afternoon in Nuku'alofa.
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Friday 3 November 2006
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Nuku'alofa, Tonga
Reaching out to Tonga's small business ventures to help them grow and develop is the aim of a new Business and Development Services scheme that was launched this morning by the Tonga Chamber of Commerce.
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