Results for Business

When Tonfon increases the capacity of its Global System for Mobile Communication from 5,000 to 50,000 subscribers before the end of this year, it will have the capacity to provide a mobile phone for one in every two people in Tonga.

The Country Chicken run by Konifelenisi Trading has found a new nest at the Bhagwan Building on Hala Taufa‘ahau in central Nuku‘alofa.

When the last squash ship left Nuku‘alofa early this month for Japan it concluded the 2004 squash season. Tonga exported a total of 13,00 tones to Japan this year.

The Port Services Ltd., the sole handler of cargo at Nuku'alofa's Queen Salote Wharf since 1999, will cease operation on October 30 ...— ending a five year privatisation venture that led to disappointment for investors, frustrated by the Port Authority's refusal to allow an increase in their tariffs.

Two Tongan business women, 'Ofa Simiki and 'Elenoa 'Amanaki were last night awarded by the Princess Regent, Princess Pilolelvu Tuita, with the inaugural Westpac Business Women of the Year awards.

Tonga's official foreign reserves held by the National Reserve Bank for August, stood at $78.4 million, an amount equivalent to 4.8 months of imports of goods.

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.

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.

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.