The assessment by the International Monetary Fund of the Tongan macro-economy during the 2001-2002 fiscal year, highlighted their grave concern over the stagnating state of the economy, the depletion of the official reserves, the marked depreciation of the Pa‘anga, mounting public indebtedness, and the rapid increase in the inflation rate.. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
Coconut oil, which Tongans and other Pacific Islanders have used primarily for cooking and as body oil, could become a secure source of fuel to power their vehicles, according to Tonga’s Energy Officer, Tevita Tukunga. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
The Forum Shipping Agencies in Tonga has recently restructured its Nuku‘alofa offices, and appointed Angela Parzefall, as the new Shipping Manager. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
During 2002 inflation accelerated to about 10 per cent and price pressures increased, as Tonga’s expansionary macroeconomic policies resulted in a marked decline in net foreign assets, a weaker pa‘anga and higher inflation, according to a new IMF report. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
The telecommunications work linking the small islands in Tonga has won an international award and global recognition for the contractors involved. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
It was another record-breaking year for the Westpac Bank of Tonga. Its net profit after tax for the 12 months ending on 30 September 2002, was $5,592,328, the highest that the bank has achieved during its 28-years of operation in Tonga. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Sunday 30 March 2003
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Nuku‘alofa, Tonga
Five long-line fishing boats will join Tonga’s fleet of 27 long-line boats in early 2003. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
Squash exports to Japan for this year’s squash season in Tonga began in October, and the Quarantine Department reported that 10,800 tonnes of squash had been exported by the last week of October. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
Is Tonga ready to become a member of the World Trade Organisation? The Tongan Minister responsible for Trade, Hon. Dr Masaso Paunga, is confident that Tonga has done all the right things by signing the appropriate international conventions, and free trade agreements, and that Tonga is now ready to become a member of the WTO sometime next year. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
A sudden surge in the development of the Tonga’s fishing industry saw 48 fishing boats registered to fish in Tongan waters by July 2002. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
If you believe enough in yourself you can do anything, says 29-year-old ‘Alo Fe‘iloakitau, who set up his own business when he was only 25. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
The latest developments in Tonga’s banking business saw the amendment of the Tonga Development Bank Act on September 5, affirming the right of the TDB to continue providing commercial banking activities in the Niuas, and to expand these services to other remote rural areas. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
‘Alatini Fisheries Co. Ltd .is planning to open before Christmas a new speciality food shop on Taufa‘ahau Road, Nuku‘alofa, specialising in fresh, chilled and frozen foods. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Saturday 30 November 2002
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Nuku‘alofa, Tonga
What will be critical for insurance costs in Tonga and every other island in the Pacific is this year’s cyclone season, said Gary Callaghan, the executive director of Dominion Insurance, of Fiji, who visited Tonga in October. From Matangi Tonga Magazine Vol. 17, no. 3, November 2002.
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Friday 30 August 2002
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Nuku‘alofa, Tonga
The Tongan Budget for 2002-3, passed by the Legislative Assembly on June 27, is the biggest ever, with the total revenue to be collected by government amounting to $120.25 million. Government Expenditure during the same period is expected to amount to $122.72 million, leaving us with a deficit of $2.5 million. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002
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Nuku‘alofa, Tonga
Tonga’s 28 year old Bank of Tonga was renamed Westpac-Bank of Tonga after the Tongan Parliament amended the Bank of Tonga Act on July 15. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002
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Nuku'alofa, Tonga
Tonga hosted this year’s ADFIP consortium on Development Banking Under Change and sought new avenues of technical and financial assistance. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002
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Nuku‘alofa, Tonga
The quarry business, particularly on Tongatapu, is a thriving but very competitive business according to Sione Tafolo of the Fasi‘apule Holding Ltd. who says that it is an on-going task for people who live in the low-lying areas to keep filling up their properties. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002
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Nuku‘alofa, Tonga
Keith Moala is one person who will agree that small is beautiful, because with the small, 1.2m satellite disk that he is hoping will sell like hot cakes in Tonga, he said that viewers will be able to select from the 14 television channels. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002
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Nuku‘alofa, Tonga
A Tongan-owned immigration consultancy, started in 1995, has helped over 5,000 Tongans gain legal status in New Zealand. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Tonga weather forecast from yr.no, delivered by the Norwegian Meteorological Institute and the NRK. See also Fua'amotu Weather Forecasting Center, Tonga, for latest local weather bulletin.