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Results for Economy

Thursday 1 June 2000

Nuku'alofa, Tonga
Tonga’s first budget for the 21st century is the biggest and probably the most controversial budget that has ever been presented to the Tongan Parliament. From Matangi Tonga Magazine Vol. 15, no. 2, June 2000.
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Saturday 27 February 1999

Nuku‘alofa, Tonga
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.
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Sunday 20 December 1998

Nuku‘alofa, Tonga
Tonga’s new High Temperature Forced Air Treatment machine at the Fua‘amotu Airport, could be processing tons of fruit daily for export, but it is lying idle most of the time because there is no export produce to be treated. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.
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Sunday 20 December 1998

Nuku'alofa, Tonga
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.
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Sunday 20 December 1998

Nuku‘alofa, Tonga
Tonga's economic downturn will not be turned around until the island country finds a way to get seriously into exports as a way of life. Incentives to attract investors and motivation to make people work remain elusive goals, while waiting for a plan of action. By Pesi Fonua. From Matangi Tonga Magazine Vol. 13, no. 4, December 1998.
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Sunday 20 December 1998

Nuku‘alofa, Tonga
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.
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Thursday 1 October 1998

Nuku‘alofa, Tonga
The value of the Tongan pa‘anga has continued to drop against the currencies of Tonga’s major trading partners during the past eight months.
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Saturday 26 September 1998

Nuku‘alofa, Tonga
Tonga’s National Reserve Bank wants Tongans to cut down on overseas spending to slow the decline of the foreign reserves, and on September 14 announced new measures to restrain bank lending.
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