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Saturday 25 September 2004
Nuku'alofa, Tonga
A new loan allocation for Tonga from the Asian Development Bank will be decided on early next year, said Rolf Eckermann, a member of an ADB Executive Directors delegation who visited Tonga this week.
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Thursday 23 September 2004
Nuku'alofa, Tonga
The Tongan wild seaweed, limutanga'u, or Angel's Hair, is becoming popular in Japan and this season a local company Tangle Nano Company Ltd. will export 1,430 tonnes, bringing in $2 million pa'anga in export earnings.
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Thursday 16 September 2004
Nuku'alofa, Tonga
The first shipment of Tongan squash for Japan for 2004 is expected to leave Nuku'alofa in early October, but this year the Tonga Squash Council takes control of the Squash Industry, and is setting a maximum of 16,500 tonnes for export.
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Friday 10 September 2004
Nuku'alofa, Tonga
The official foreign reserves held by the National Reserve Bank decreased by $0.2 million in July 2004, from $89.7 million to $89.5 million, an amount equivalent to 5.5 months of imports of goods.
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Wednesday 8 September 2004
Nuku'alofa, Tonga
FlyNiu Airlines will close down this week following a Supreme Court ruling this morning. The FlyNiu CEO 'Atu Finau this afternoon in a Press Conference said that they had accepted the court decision with much regret. He said that the biggest loser is the travelling public who will no longer have the right to choose which airline they want to fly with.
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Tuesday 7 September 2004
Nuku'alofa, Tonga
The Shoreline Group of Companies has parted company with its main financier the ANZ Bank. At the end of last month ANZ ceased to do the billing for Shoreline Power, it closed down its branch at the Shoreline Headquarters and removed its ATM machine from outside the building.
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Monday 23 August 2004
Nuku‘alofa, Tonga
The Chairman of Shoreline Communication Ltd., Crown Prince Tupouto'a, this morning, August 23, signed a multi million dollar supply and build contract with Huawei Technologies of China. Huawei Technologies, a high-tech enterprise which specializes in research and development, production and the marketing of communications equipment, was awarded the contract by Shoreline Communication Ltd. for the upgrading and the expanding of its Tonfön wireless telephone network.
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Monday 23 August 2004
Nuku'alofa, Tonga
The Peau Vava‘u Airways will start flying a 10-seater Islander aircraft to the Niuas and to ‘Eua this week, said Mosikaka Moengangongo, project manager.
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Wednesday 18 August 2004
Nuku'alofa, Tonga
Queen Halaevalu Mata‘aho will officially open Tonga's 2004 Agricultural and Industrial Show at Angaha, Niuafo‘ou, on August 25.
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Tuesday 17 August 2004
Nuku'alofa, Tonga
Spumante corks were popping, along with cheers of relief at the FlyNiu Airlines office after the granting at 12.37 pm by Chief Justice Webster of an injunction quashing the revocation of the FlyNiu Airline licence to operate by the Civil Aviation on August 14.
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Monday 16 August 2004
Nuku'alofa, Tonga
Tonga's FlyNiu Airline is fighting a sudden government decision to revoke its domestic air licence under a new one airline policy for Tonga.
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Friday 13 August 2004
Nuku'alofa, Tonga
Trade relations between Tonga and the Peoples' Republic of China reached a new height this week, with the first visit to Tonga by a high level trade delegation from China to assess investment opportunities in power supply, information technology, agriculture, import and export. They also included banking and risk management officials.
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Wednesday 28 July 2004
Nuku'alofa, Tonga
Tonga is scheduled to become a member of the World Trade Organisation in early 2005, Moana Taukolo of the Tonga Ministry of Labour and Commerce, told a three-day National Seminar on WTO issues in Nuku'alofa early this month.
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Saturday 24 July 2004
Nuku'alofa, Tonga
The official Foreign Reserve held by the National Reserve Bank of Tonga increased by $25.8 million pa'anga in June 2004 to $89.7 million, an amount equivalent to 5.2 months of imports of goods.
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Wednesday 21 July 2004
Nuku'alofa, Tonga
The elimination of trade protectionism by the World Trade Organisation, in its quest to establish a global economy will confront Tonga with a tremendous trade disadvantage, warned the Prince Regent, Crown Prince Tupouto'a when he opened a three-day National Seminar on WTO issues on July 19, at the National Reserve Bank building, Nuku'alofa.
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Friday 16 July 2004
Nuku'alofa, Tonga
Tonga has a new reputation as a leader in world web pornography, this week being ranked as one of the top ten country suffixes for web porn publishing.
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Saturday 10 July 2004
Nuku'alofa, Tonga
Tonga's sole supplier of electricity, the Shoreline Power Group, is investing $13 million to upgrade its power generation capacity and its distribution network.
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Tuesday 6 July 2004
Nuku'alofa, Tonga
The Westpac Bank of Tonga celebrated its 30th year on July 1, and in Nuku'alofa for the celebration were Ann Sherry, the Group Executive for Westpac New Zealand and the Pacific, and Alan Walter the Westpac CEO for the Pacific and the Chairman of the Board of Directors of the Westpac Bank of Tonga.
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Thursday 10 June 2004
Nuku'alofa, Tonga
The liquidation of the Royal Tongan Airlines started yesterday, by a five man team led by Richard Agnew from Price Waterhouse Corporation of Auckland, New Zealand.
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Friday 14 May 2004
Nuku'‘alofa, Tonga
Tonga's official Foreign Reserve in April reached the highest point for this year.
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