Results for Business

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.

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.

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.

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.

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.

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.

The fifth and the final shipment of Tongan squash is expected to leave Tonga for Japan on November 12.

Going out to the movies will be back in fashion on October 27 when the new Star Cinema opens its doors in Nuku'alofa.

Following the acceptance by government of the demands of Tonga's striking civil servants for a 60, 70, 80% salary rise on September 4, Tonga's Minister of Finance, Hon. Siosiua 'Utoikamanu has been attending development and finance meetings in New York, and recently in Barbados, in the West Indies.