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to close down all bonded warehouses by the end of March next year as part of an anti-corruption drive has been withdrawn.
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Results for Business
Tuesday 14 November 2006
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Nuku'alofa, Tonga
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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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Friday 27 October 2006
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Nuku'alofa, Tonga
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.
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Monday 23 October 2006
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Nuku'alofa, Tonga
Revisions will be needed to Tonga's Income Tax Bill 2006 if it is to win acceptance in the House this year and in order to avoid a hostile reception from the public. This need is clear as public consultations on the Bill are winding up this week. By Mary Lyn Fonua
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Thursday 19 October 2006
Nuku'alofa, Tonga
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.
Wednesday 4 October 2006
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Nuku'alofa, Tonga
Simione Sefanaia has become the Acting Managing Director of the Tonga Development Bank replacing Afu...alo Matoto who was recently appointed as a new Cabinet Minister.
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Tuesday 3 October 2006
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Nuku'alofa, Tonga
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.
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Friday 15 September 2006
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Nuku'alofa, Tonga
The new king of Tonga, King George Tupou V today announced that he will dispose of all his commercial interests in the kingdom.
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Monday 4 September 2006
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Nuku'alofa, Tonga
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.
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Friday 1 September 2006
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Nuku'alofa, Tonga
Tonga's Electric Power Board is considering a recommended increase in the price of Tonga's diesel-driven electricity by up to 5.21 seniti per kilowatt.
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Monday 28 August 2006
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Nuku'alofa, Tonga
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.
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Saturday 19 August 2006
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Nuku'alofa, Tonga
Tonga's Ministry of Labour, Commerce and Industries will hold a series of WTO consultative workshops, starting next month to inform Tongans about new trade terms and tax reform that is being put into place.
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Tuesday 8 August 2006
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Nuku'alofa, Tonga
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.
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Monday 7 August 2006
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Nuku'alofa, Tonga
The Whangarei-based electricity company Northpower is looking at investing in Tonga, reported the NZPA today, August 7.
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Wednesday 2 August 2006
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Nuku'alofa, Tonga
Tonga's decision to defer its accession to the World Trade Organisation (WTO) until July next year will have no impact on the revenue collection of government during the current financial year, according to the Secretary for Finance, 'Aisake Eke.
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Wednesday 26 July 2006
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Nuku'alofa, Tonga
Tonga has deferred its membership of the WTO until July next year, the Tongan Prime Minister, Dr Feleti Sevele told the Tongan media yesterday, July 25.
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Wednesday 12 July 2006
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Nuku'alofa, Tonga
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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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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