BSP Tonga | Bank of South Pacific Tonga Limited (BSP) today announced a Net Profit after Tax of T$11.6 million for the financial year ending 31 December, 2024. The results are a 20.9% decrease from FY2023, attributed to an increase in loan impairments and inflationary pressures, which in turn saw an increase in Operating Expenses.
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Friday 21 March 2025
Nuku'alofa, Tonga
Wednesday 12 March 2025
Nuku'alofa, Tonga
A new project is underway to strengthen Tonga's court services for vulnerable court users and to provide greater access to family protection orders and court services, especially in remote areas and outer islands. Tonga’s Ministry of Justice and the Courts are working to improve the court services surrounding the Family Protection Act, under this initiative to address family violence in Tonga and access to justice.
Thursday 6 March 2025
Nuku'alofa, Tonga
Na’e tuku atu ‘e he Pangikē Pule Fakafonua ‘a Tonga ́ ‘a e Fakamatala Fokotu‘utu‘u Ngāue Fakapa’anga (MPS) ki Fepueli 2025, hili hono tali ‘e he Poate ‘a e kau Talēkita ́. ‘Oku fokotu’u he MPS Fepueli 2025, makatu’unga ‘i he kei tokamālie pē ‘a e tu’unga fakalotofonua ́ mo fakatu’apule’anga ́ ‘i he kaha’u vave mai ́, ‘e kei hoko atu pē ‘a e kei faka’ai’ai pē ‘a e tupu faka’ekonōmika ́, mo fakamālohia e ngaahi founga ‘oku fakahoko ‘aki ‘e he Pangike Pule ́ ‘a e ngāue fakapa’anga ́ ke ola lelei, mo fakafaingofua’i e nō pa’anga ́.
Thursday 6 March 2025
Nuku'alofa, Tonga
The National Reserve Bank of Tonga (NRBT) released its Monetary Policy Statement (MPS) for February 2025, following approval by the Board of Directors. The MPS states that since internal and external stability are expected to be maintained in the near-term, the NRBT will continue its accommodative monetary policy stance over the next six months to promote growth, while gradually strengthening its policy tools’ influence on monetary conditions, and tackle access to finance barriers.
Wednesday 5 March 2025
Nuku'alofa, Tonga
Tongan organisations involved in internet technology, joined in the global celebration of “Universal Acceptance Day”. Universal Acceptance ensures that all valid domain names and email addresses—regardless of language, script, or length—work seamlessly across online platforms. The sessions on 4 March focused on how businesses, governments, and communities can adopt UA principles to create a more accessible and user-friendly Internet for all.
Monday 17 February 2025
Singapore
Swire Shipping, a leading shipping company in the Asia-Pacific, reaffirmed its commitment to the region as the most reliable carrier in Asia-Oceania and on the Asia to North America West Coast (NAWC) trade lane in 2024. This was according to 12- month data published by Sea-Intelligence in their Global Liner Performance Report from Jan/Feb to Nov/Dec 2024. Chief Operating Officer Ben Pike said, “Swire Shipping has been trading into the South Pacific for over 80 years, and we recently expanded our footprint in the North Pacific through the integration of Westwood Shipping Lines and our partnership with UWL on the award-winning Sun Chief Express transpacific service.”
Thursday 16 January 2025
Nuku'alofa, Tonga
Kuo tali ‘e he kau Komisiona ‘o e Komisoni Ma’u’anga Ivi ke fakahoko atu ‘a e holo ‘a e totongi ‘uhila ‘aki ‘a e seniti ‘e 3.52 ki he kWh. Ko e holo ‘aki ‘eni ‘a e seniti 2.22 ki he kWh pe ko e peseti ‘e 3.8% mei he kuata ‘o ‘Okatopa ki Tisema 2024 ‘i he taimi na’e seniti ai ‘e 91.69 ki he kWh. Ko e totongi ‘uhila fo’ou ni ‘e kamata ngaue’aki ‘i he ‘aho 1 Sanuali, ko e seniti ‘e 89.47 ki he kWh.
The Commissioners of the Energy Commission are pleased to announce a power tariff reduction of -3.52 seniti per kWh (kilowatt hour). This is a -2.22 seniti per kWh or -3.8% reduction from the quarter Oct-Dec 2024 when the power tariff was 91.69 seniti per kWh. The new electricity tariff for Tonga is therefore 89.47 seniti per kWh, a decrease from the current tariff of 91.69 seniti per kWh.
Tuesday 24 December 2024
Nuku'alofa, Tonga
Swire Shipping, a leading provider of sustainable and innovative shipping and logistics solutions, recently organised a charity drive in partnership with HM Queen Nanasipau’u Charity. Fifty care packages, put together with donations from Swire Shipping and generous contributions from local partners, will be distributed to families in need by the Charity.
Thursday 31 October 2024
Fua'amotu, Tongatapu
In October 2024 Air Terminal Services (Tonga) Limited (ATS) was entered onto the International Air Transport Association’s register as having completed and achieved the highest available award being the IATA Safety Audit Ground Operations certificate (ISAGO). Mr Rene de Boer of the Netherlands, head of one of three international agencies for ISAGO, conducted the audit of ATS in March this year, and presented the certificate to ATS.
Tuesday 8 October 2024
Nuku'alofa, Tonga
Ko e taha e tuʻutuʻuni ngāue tefito ʻa e Pangikē Pule΄ ko e fakapapauʻi ‘oku malu ma’u pē tu’unga fakapa’anga ‘a e ngaahi pangikē ‘i Tonga΄ ‘i he taimi kotoa ‘o kau ki heni hono fakapapau’i ‘oku ‘i he tu’unga lelei ma’u pē ‘a e sino’i pa’anga tefitoˊ (capital) pea fe’unga mo e pa'anga ngāue (liquidity) 'i he kotoa ‘o e ngaahi pangikē ‘e fā kuo laiseni ‘e he Pangikē Pule΄. ‘I hono fakakātoaˊ, na’e ‘i he tu’unga fe’unga pē ‘a e pa'anga ngāue 'o e ngaahi pangikē ʻi he taʻu ʻe hongofulu kuo maliu atuˊ ‘o au mai ki he ‘aho ni.
Tuesday 8 October 2024
Nuku'alofa, Tonga
The principal statutory role of the Reserve Bank is to ensure and maintain at all times the financial stability of the overall banking sector in Tonga. This calls for strong capitalisation and ample liquidity in all of the four banks under its licensing regime. Overall, there has been sufficient and ample liquidity in the banking sector in the past decade, to date. “The Reserve Bank reaffirms to the public its commitment to upholding its statutory mandate of maintaining the stability of the financial and banking system of the Kingdom,” stated Governor Moeaki.
Tuesday 1 October 2024
Nuku'alofa, Tonga
The Competent Authority with its ADO Fuel Price for quarter June through September 2024 decreased by 4.5%. The new tariff of $0.9169 per kWh is decrease from $0.9603 per kWh, and in diesel prices is decrease from $2.2438 per litre in June 2024 to $2.0913 per litre during quarter July through September 2024. --- Ko e ngaahi totongi lolo (ADO Fuel price) mei he Pule Fē’unga ki he kuata Sune ki Sepitema ‘o e 2024 na’e holo ‘aki ‘a e peseti ‘e 4.5%. Ko e totongi ‘uhila fo’ou ko e $0.9169 ki he kWh ne holo ia mei he $0.9603 ki he kWh ‘o e kuata Sune. - Energy Commission.
Friday 13 September 2024
Nuku'alofa, Tonga
‘Oku faka’ilonga’i ‘e he Pangikē Pule Fakafonua ‘a Tonga hono ta’u 35 ‘i he ‘aho Monite 16 Sepitema 2024 ‘aki ha toe makamaile māhanga ko e tupu fakapa’anga (net profit) kuo ‘osi hono ‘aotita’i ‘a ia na’e fe’unga mo e $35 miliona. ‘Oku lahi hake ‘a e tupu ko eni ‘i he 2024 ‘aki ‘a e peseti ‘e 75 mei he tupu fakahisitolia ko ia ‘i he 2023 ‘a ia na’e $20 miliona. Hili hono tali ʻe he Poate ‘o e Pangikē Pule ʻa e Fakamatala Pa’anga Fakata’u ‘a e Pangikē Pule kuo ‘aotita’i ‘e he KPMG Fiji ma’ae ta’u fakapa’anga ‘oku ‘osi ki he ʻaho 30 ʻo Sune 2024, naʻe foaki ai ʻe he Sea ʻo e Poate ‘a e Pangikē Pule, Lord Sevele ‘o Vailahi, ‘i he Fakataha Lahi Fakataʻu ‘o e 2024 ‘a e Pangikē Pule he ʻaho ni ha sieke ʻoku fe’unga mo e $25.1 miliona ki he Palēmia, Hon. Hu’akavameilku ko e ‘inasi fakata’u mei he tupu ‘a e Pangikē.
Friday 13 September 2024
Nuku'alofa, Tonga
The National Reserve Bank of Tonga (NRBT) marks its 35th anniversary on Monday 16 September 2024 with an audited net profit of $35 million as its twin milestones. The $35.8 million profit in 2024 is 75 percent higher than last year’s 2023 record profit of $20 million. Following the NRBT Board approval of the KPMG Fiji external audited NRBT Annual Financial Statements for the financial year ended 30 June 2024, Lord Sevele ‘o Vailahi chairman of the Board at the NRBT 2024 Annual General Meeting today presented a cheque of $25.1 million to the Prime Minister, Hon. Hu’akavameiliku as its annual distribution of the Bank’s profits.
Wednesday 4 September 2024
Nuku'alofa, Tonga
Kuo tuku atu ‘a e Fakamatala Fokotu‘utu‘u Ngāue Fakapa’anga ‘o ‘Aokosi 2024 ‘o e Pangikē Pule Fakafonua ‘a Tonga hili hono tali ia ‘e he Poate ‘a e kau Talēkita. ‘I he fengāue‘aki vāofi mo e Pule’anga ́ mo e ngaahi kupu kehekehe fekau’aki, ‘e fokotu’u ai ‘e he Pangikē Pule ́ ha ngaahi polokalama fakapa’anga fo’ou ‘o hangē ko ha polokalama nō ‘oku tuku atu ‘i ha totongi tupu ‘oku ma’ulalo (concessional credit), pea mo ha polokalama ki hono malu’i ‘a e ngaahi nō (credit guarantees). Ko e fakataumu’a ‘eni ke fakaivia ‘a e sekitoa taautaha ́ ke toe malohi ange ‘a e tupu faka’ekonōmika ́ ‘i he 2025 ́ pea faka‘ai‘ai ‘a e nō ki he ngaahi sekitoa ‘oku ‘ikai ke lahi ha’anau faingamalie nō mei he ngaahi pangikē, mo kinautolu ‘oku tu’u laveangofua ki he feliuliuaki ‘a e ‘ea ́.
Wednesday 4 September 2024
Nuku'alofa, Tonga
The National Reserve Bank of Tonga (NRBT) released its Monetary Policy Statement (MPS) for August 2024 following its approval by the Board of Directors. In collaboration with Government and other relevant stakeholders, the NRBT is introducing new financing instruments such as a concessional credit facility and a partial credit guarantee scheme to boost private sector financing towards stronger growth recovery in 2025, particularly fostering access to financing for underserved and climate change-vulnerable sectors.
Tuesday 3 September 2024
Nuku'alofa, Tonga
The United Kingdom is supporting Pacific-led climate solutions with £12.9 million in new funding announced as Indo-Pacific Minister Catherine West joined Pacific
leaders for the 53rd Pacific Island Forum Leaders Meeting in Tonga, on her first overseas visit.
Friday 9 August 2024
Nuku'alofa, Tonga
The BSP Financial Group Limited today announced the appointment of Paul Black as the Group’s General Manager for its Pacific Markets operations. This follows changes announced on Wednesday 7 August, 2024 on the Australian Securities Exchange (ASX) as well as the Port Moresby Exchange (PNGX). These executive leadership changes will further support the Bank’s Modernisation for Growth agenda.
Wednesday 24 July 2024
Nuku'alofa, Tonga
Unclaimed Monies as of June 2024, total $1,186,983.21. Please be advised that account holders (owners) of listed unclaimed monies are required to make your claim to your respective banks within 3 months from the first date of this publication. In accordance with section 94 of the Banking Act 2020 states, that any remaining unclaimed funds and properties after three (3) months claim period have met its expiry date, shall be presumed to be abandoned funds or properties.
•••••••••••• Fakatokanga'i ange ko kimoutolu 'oku lisi atu homou hingoa΄ 'i he ngaahi pa'anga 'oku te'eki ai ke 'eke'i΄, ke fakahū atu leva ho'o 'eke΄ ki hoó Kautaha Paánga Fakapangikē óku hā atu΄, 'i loto 'i he māhina 'e tolu (3) mei΄ he 'uluaki 'aho 'o e fanogonongo΄ ni. Fakatatau ki he kupu 94 ‘o e Lao ki he Ngāue Fakapangikē΄ 2020, ko e pa'anga 'ikai 'eke'i 'i he hili mei heni ha mahina 'e tolu (3) pea kuo laka hake he taú é 5 'ene í he Pangikē Pule Fakafonua ó Tonga΄, 'e lau ia ko e pa'anga mo e ngaahi koloa li'aki pea kuo pau ke fakatu'asila fakahangatonu ha 'eke 'o e ngaahi pa'anga pe koloa kuo li'aki΄ ki he Ministā Pa'anga΄ pea fakatatau pē ki he'ene fakangofua΄.
Friday 5 July 2024
Nuku'alofa, Tonga
Totongi 'Uhila 'o Kamata 'i he 'Aho 1 Siulai 2024: Ko e ngaahi totongi lolo (ADO Fuel price) mei he Pule Fē’unga ki he kuata ‘o ‘Epeleli-Sune 2024 na’e holo ‘aki ‘a e peseti ‘e 4.4% mei he totongi ‘uhila $240.95 ki he $230.38. Lolotonga koia ko e kuata ‘o Sanuali-Ma’asi 2024 na’e hiki ‘aki ‘a e totongi lolo e peseti ‘e 6%. Koia ai, ‘i hono fakahoa ‘a e ongo kuata ko ‘eni, ko e totongi ‘o e Lolo (ADO) na’e holo ‘aki ‘a e peseti ‘e 1.6%. - Komisoni Ma‘u‘anga Ivi.