Damage estimated at nearly $39 million pa'anga was inflicted on Tonga’s agricultural sector by the Jan. 15 Hunga Tonga - Hunga Ha’apai eruption, which energised a tsunami and heavy volcanic ash fall over Tonga. While root crops that are ready to be harvested were not affected, the last season crops that were just sprouting were wiped out, said Viliami Manu, CEO for the Ministry of Agriculture.
You are here
Results for Business
Monday 31 January 2022
Nuku'alofa, Tonga
Premium content
Saturday 29 January 2022
Nuku'alofa, Tonga
When Tongatapu’s small business community met on Thursday Jan. 27, to discuss their concerns, amid an unfolding national catastrophe, following volcanic eruptions and devastating tsunamis, they slumped in chairs and their faces showed how seriously concerned, worried, exhausted and frustrated they are. But after all of that, what's really destroying them is the total failure of Tonga's international communications two weeks ago. Tonga's telecommunications authorities have put spectrum licensing roadblocks around the local private sector's ability to find relief in a commercial satellite broadband service solution. By Mary Lyn Fonua.
Monday 20 December 2021
Nuku'alofa, Tonga
The prices for petrol, diesel and kerosene decreased slightly, starting today Monday, December 20.
Premium content
Thursday 2 December 2021
Nuku'alofa, Tonga
Vulnerable rural farmers in Tonga will receive a range of services and support to improve farm productivity and their livelihoods under the Pacific Islands Rural & Agricultural Stimulus Facility (PIRAS) project, launched at Falemasiva Hall, Tailulu College on December 2. By Eleanor Gee.
Premium content
Thursday 2 December 2021
Nuku'alofa, Tonga
USD$5 million funding from the Asian Development Bank will “help restore and accelerate private sector-led economic growth in Tonga after the COVID-19 pandemic”, after the Tonga Government signed a grant agreement with the ADB on Wednesday, 1 December.
Premium content
Tuesday 30 November 2021
Nuku'alofa, Tonga
Higher imported and domestic prices have driven increasing inflation in Tonga. In the year to August 2021 inflation rose by 7.0%, the National Reserve Bank of Tonga reported. Annually, foreign reserves increased, resulting from more receipts of budget support, project funds, and remittances.
Premium content
Wednesday 17 November 2021
Nuku'alofa, Tonga
The prices for petrol, diesel and kerosene will increase starting on November 18. Due to a high price increase this month of between .21 and .25 seniti per litre, the Tonga Competent Authority advised the public to wisely manage its petrol consumption.
Premium content
Monday 15 November 2021
Nuku'alofa, Tonga
$50,000 worth of cash grants are available for community projects around Tonga under Digicel's One Tonga Kiai initiative, and a Christmas grand prize of $30,000 is also up for grabs, announced Digicel Tonga today.
Premium content
Tuesday 2 November 2021
Nuku'alofa, Tonga
A fund of USD$302,281 from the Green Climate Fund (GCF), approved for Tonga's Private Sector Readiness Programme, will help to build capacity within the private sector, mainly among micro, small and medium enterprises, to access GCF funds. “The private sector in Tonga is becoming increasingly aware of the threats posed by climate change but less informed about the impending risks and opportunities that climate change can present,” says the Tonga Chamber of Commerce and Industries.
Premium content
Thursday 21 October 2021
Nuku'alofa, Tonga
After the Prime Minister's Office announced yesterday the Government's approval for a multi-million dollar redevelopment of the Lupepau'u Airport, Vava'u, citing a private proposal involving Tongan nationals and foreign investment, they have further clarified today that a full proposal has not been received. Chief Secretary and Secretary to Cabinet, Edgar Cocker told Matangi Tonga this morning that their press release did not mean that Government had granted approval for a recently formed company Raw Mana Ltd. to undertake the project.
Premium content
Tuesday 19 October 2021
Nuku'alofa, Tonga
Petrol, diesel and kerosene prices have increased as approved by the Tonga Competent Authority (TCA) starting on October 18.
Premium content
Friday 15 October 2021
Nuku'alofa, Tonga
Fresh local produce was displayed today at Queen Salote Memorial Hall marking the 41st World Food Day, under a theme ‘Our actions are our future, better production, better nutrition, a better environment and a better life'.
Premium content
Wednesday 22 September 2021
Nuku'alofa, Tonga
Tonga’s Foreign Reserve held by the National Reserve Bank of Tonga rose significantly in August 2021 by $46.9 million to $751.7 million, which is equivalent to 13.1 months of imports.
Premium content
Monday 20 September 2021
Nuku'alofa, Tonga
Petrol, kerosene, and diesel prices have decreased for September - October starting today, September 20, as approved by the Tonga Competent Authority, while the LPG price has increased for September - December.
Premium content
Saturday 4 September 2021
Nuku'alofa, Tonga
A multi-million dollar grant for the provision of a new tugboat for the Port of Nuku'alofa was signed by the Japanese Ambassador to Tonga HE Mr Kensaku Munenaga and the Prime Minister, Hon, Rev. Dr Pohiva Tu’i’onetoa at the Prime Minister’s Office, yesterday, 3 September 2021.
Premium content
Monday 23 August 2021
Nuku'alofa, Tonga
A workshop focusing on finance opportunities for climate action projects in Tonga was held on Friday, 20 August by the Climate Change Department.
Premium content
Tuesday 17 August 2021
Nuku'alofa, Tonga
Tonga’s Domestic Economic activities showed some improvements in May 2021, Sione Ngongo Kioa, the Governor of Tonga’s National Reserve Bank told the National Reserve Bank of Tonga’s Board of Directors on 5 August. However, the Reserve Bank’s GDP outlook projected a deeper contraction in Tonga’s economy for 2020-21 as the extended lockdowns and uncertainties present significant risk.
Premium content
Monday 16 August 2021
Nuku'alofa, Tonga
The price for petrol, kerosene, and diesel will increase starting on 18 August, as approved by the Tonga Competent Authority, as subsidies are discontinued.
Premium content
Thursday 5 August 2021
Nuku'alofa, Tonga
A training program encouraging qualified and experienced electricians to do business legally and get licensed, as well as understand the laws and regulations governing electrical contractor work, is underway this week in Nuku’alofa. Currently, only 28 electrical contractors are properly registered to service Tonga Power Ltd’s 25,000 customers on Tongatapu, with only one for the whole of Vava'u and none in Ha'apai.
Premium content
Tuesday 27 July 2021
Nuku'alofa, Tonga
In Tonga the wholesale price for petrol and kerosene increased, while diesel decreased, effective on July 26.
Premium content