Results for Economy and Trade

Afu‘alo Matoto has taken over the leadership role of the TDB at a time when the Bank is expected to play a major role in reviving the Tongan economy, by providing capital for the development of the agricultural, fisheries and tourism industries - areas that urgently need development to pull the country out of its current economic recession. But he says Tonga needs to first resolve its leadership crisis: “We need to crystallise our position and to take action.” By Pesi Fonua. Matangi Tonga Magazine Vol. 14, no. 1, January 1999.

Tonga’s biggest hotels face closure before the year 2000. The Pacific Royale Hotel, the International Date­line Hotel, the Friendly Islander Motel and the Royal Sunset Resort are fighting an up-hill battle to keep their doors open, and to remain in business. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.

The Tonga Development Bank introduced a Venture Capital Scheme in 1993, but that is now on hold according to ‘Etikeni Samani, a senior assistant manager in human resource development and admini­­­­stration. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.