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Saturday 30 November 2002

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

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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Friday 30 August 2002

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

Nuku'alofa, Tonga
Tens of millions of pa‘anga in government expenditure that used to be disregarded in the annual Budget estimates, have this year been incorporated into the figures—beefing it up to $112 million in operational costs. This is a new approach by a new Finance Minister, Siosiua ‘Utoikamanu, to make government operations more “transparent”. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002

Nuku‘alofa, Tonga
The Informal sector of the Tongan business community is the biggest enemy of the struggling Tongan economy, believes the Vava’u no. 1 People’s Representative, Trevor Guttenbeil. From Matangi Tonga Magazine Vol. 17, no. 2, August 2002.
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Friday 30 August 2002

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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Tuesday 25 September 2001

Nuku‘alofa, Tonga
The Tonga Trust Fund was created with the Tonga Trust Fund Act on 3 November 1988. At that time there was US$33 million in the account of the TTF with the Bank of America at 2.7% to 3% interest. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Tuesday 25 September 2001

Nuku‘alofa, Tonga
On September 25 in the Tongan Legislature, the Deputy Prime Minister Hon. Tevita Tupou, elaborated a new scheme for recovering the Tonga Trust Fund. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Tuesday 25 September 2001

Nuku‘alofa, Tonga
When the Tonga Trust fund was established by in 1988 its purpose was as a kind of safety net for Tonga to accumulate moneys to be held in trust as a foreign reserve fund for the Kingdom to use in exceptional circumstances, and for future major development projects. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Tuesday 25 September 2001

Nuku‘alofa, Tonga
One of the Tongan government’s most adventurous money-making projects, the Tonga Trust Fund is in deep trouble. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Tuesday 25 September 2001

Nuku‘alofa, Tonga
Matangi Tonga interviewed Tonga Trust Fund trustee Hon. Tevita Tupou, (Minister of Law and Attorney General) and Jesse Dean Bogdonoff, the fund’s technical advisor, on September 26. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Tuesday 25 September 2001

Nuku‘alofa, Tonga
Rising unemployment is the major concern of the Tonga government at the moment, the Minister of Finance, the Hon. Siosiua ‘Otuikamanu told a Media Workshop on Economic and Financial reporting in September. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Tuesday 25 September 2001

Nuku‘alofa, Tonga
The tragedy in America and the possibility of a long drawn out war between the USA and an enemy, which had yet to be clearly identified, could have a negative impact on the Tongan economy, said Tonga’s Minister of Finance, and the Governor of Tonga National Reserve Bank, Hon. Siosiua ‘Otuikamanu. From Matangi Tonga Magazine, Vol. 16, no. 2, September 2001.
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Saturday 30 June 2001

Nuku'alofa, Tonga
A review of the Tongan economy by scholars and economic thinkers at the University of the South Pacific, Tonga campus, on May 29 was a bit like a group of growers assessing the possible yield that they could expect to get from what they perceived to be a well-cultivated plantation. However, their findings also revealed a mixed bag of economic abnormalities. From Matangi Tonga Magazine, Vol. 16, no. 1, June 2001.
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Saturday 30 June 2001

Nuku‘alofa, Tonga
If by July Tonga has not repealed its 1984 Off-Shore Banking Act, the 29 member countries of the Organisation for Economic Co-operation and Development (OECD) will endorse a ‘Defensive Action’ against Tonga and six other Pacific island countries. From Matangi Tonga Magazine, Vol. 16, no. 1, June 2001.
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Saturday 30 June 2001

Nuku‘alofa, Tonga
The Tongan economy is expected to remain sluggish during the next financial year 2001/02. The Budget statement of Tonga’s new Minister of Finance, Hon. Sosiua ‘Utoikamanu, presented to parliament on June 5 said there would be no significant economic growth during the new financial year. Instead there will be a slight drop in the growth of GDP, from 4.4% in real terms last year to 3.2% in the new financial year. The Inflation rate is expected to remain at the current peak 8%, after slowly rising from 4.2% in February 2000 and 7.1% in December 2000. These are the highest levels since the early 1990s. From Matangi Tonga Magazine, Vol. 16, no. 1, June 2001.
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Saturday 30 September 2000

Nuku'alofa, Tonga
The Tonga Trust Fund was established by the Tonga Trust Fund Act on 3 November 1988. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
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Saturday 30 September 2000

Nuku‘alofa, Tonga
Tonga has all the right ingredients to ride in the unprecedented rising tide of economic growth that was currently being enjoyed by the USA and other countries of the world, the American Ambassador to Tonga, Mr M. Osman Siddique, said at the launching of the Tonga-USA Business Council, at the Dateline Hotel on September 1. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
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Saturday 30 September 2000

Nuku'alofa, Tonga
Consumption is up as economic activity increases in Tonga. Trade figures for the first quarter of 2000 compared to the same period in 1999, for selected Tonga imports. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
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Saturday 30 September 2000

Nuku‘alofa, Tonga
Tonga’s struggle to maintain its foreign earnings at a level that will allow it to continue to trade with overseas countries, and to build up its economy so that it can be part of the so called Global Economy, remains an up-hill battle. From Matangi Tonga Magazine Vol. 15, no. 3, September 2000.
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