Results for Business

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.

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to close down all bonded warehouses by the end of March next year as part of an anti-corruption drive has been withdrawn.

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.

A sudden proposal by the Prime Minister and the Chief Commissioner for Revenue for government to close down the 20 bonded warehouses in Tonga by 31 March 2007 has angered Tonga's importers and undermined the confidence of investors.

The first shipment of Tongan squash bound for Japan and a new market Korea departed Nuku...’alofa on Saturday October 14 with 2,108 tonnes of squash, but a disappointingly low yield is expected this year.

The first shipment of Tongan squash for 2006 to Japan and a new market Korea will leave Nuku'alofa next week with 2,300 tonnes of squash.

The Tonga Electric Power Board today, announced a 5.21 seniti increase in the price of electricity that by the end of the year could translate into a 35.6% increase for domestic consumers.

Rural areas in Tognatapu will be served by a new mobile banking service, that was launched today by the ANZ Bank Tonga at Veitongo in central Tongatapu.

Tongan squash exports could reach 12,600 tonnes this year, the Secretary General of the Tonga Squash Council, Stephen Edwards estimated at the end of the squash-planting season this week, more than the 12560 tonnes exported last year.