The Bank South Pacific Tonga Limited made a net profit after income tax of $9.881 million pa'anga for the year ending 31 December 2020, the Directors declared in a key disclosure statement summary today. This compared to a profit of $11.155 million in 2019. Net Operating Income declined during the year 2020 under COVID-19 restrictions.
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Thursday 25 March 2021
Nuku'alofa, Tonga
Saturday 28 March 2020
Nuku'alofa, Tonga
Tonga Communications Corporation (TCC) will be providing special relief mobile packages and bonus data, along with other initiatives to ensure all TCC customers are supported during the unprecedented CoViD-19 National Lock Down, the company announced on March 27. TCC CEO Timote Katoanga urged everyone to follow Tongan Government guidelines on Lock Down Level Four to limit and prevent the spread of CoViD-19 across Tonga.
Tuesday 17 March 2020
Singapore
In a deal that will strengthen shipping services network throughout the South Pacific, the Neptune Pacific Line (Neptune) announces it has acquired Pacific Direct Line (PDL) from PDL’s parent holding company, Pacific International Lines (PIL). The combined business will seamlessly link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets.
Wednesday 12 February 2020
Nuku'alofa, Tonga
Paying to the shareholder a combined total tax of $1.9 million during the financial year 2018/19 – the Transport Sector Public Enterprises reports a return to the shareholder and the people of Tonga, a total dividend and tax of $5.5 million for their performance during the financial year 2018/19, an increase of 57% from the financial year 2017/18. The Transport Sector Public Enterprises consists of the Ports Authority Tonga, Tonga Airports Limited, and the Friendly Island Shipping Agency.
Thursday 27 September 2018
Nuku'alofa, Tonga
In 2018, Kramer Ausenco celebrates 40 years of operating in Papua New Guinea and the South West Pacific region. We have been involved in numerous projects in the country and the region, across a range of industries including mining, oil and gas, power, hospitality, maritime, and health and education.
Monday 19 February 2018
Nuku'alofa, Tonga
Bank South Pacific (BSP) Tonga has donated $30,000 to Tonga Red Cross relief program to support the victims affected by Cyclone Gita. Sione Taumoefolau, Secretary Generale for Tonga Red Cross Society said “this will go a long way in assisting their work in hiring trucks to deliver aid to affected areas, feeding the volunteers and other needed support.”
Wednesday 15 November 2017
Nuku'alofa, Tonga
The Chairman of the combined utility board, Mr Carl Sanft presented a cheque of $7,319,219 to the Minister of Public Enterprises, Hon. Poasi Tei as the utilities combined dividend and tax for the 2016/2017 financial year. This is a record dividend and tax and the highest to be paid to the shareholder, the Government of Tonga by a Public Enterprise.
Wednesday 15 November 2017
Nuku'alofa, Tonga
The Shared Transport Sector Public Enterprises – Ports Authority Tonga (PAT), Tonga Airports Limited (TAL) and the Friendly Island Shipping Agency (FISA) – concluded the Financial Year (FY) 2017 with an outstanding combined Net Profit Before Tax of $8.4 million, compared to $6.5 million in 2016,
Friday 3 November 2017
Nuku'alofa, Tonga
Six electrical Line Mechanics from Tongatapu and the outer islands will go to New Zealand for skills development, under an arrangement between Tonga Power Ltd. and Northpower Ltd. Since 2003, Northpower have recruited 34 line mechanics from Tonga.
Thursday 6 July 2017
Nuku'alofa, Tonga
A roof top solar system at the Prince Wellington Ngu Hospital, Vava'u, was officially inaugurated on July 3 by Crown Prince Tupouto'a 'Ulukalala.
Saturday 1 April 2017
Nuku'alofa, Tonga
Cargo throughput increased by 15% in 2016 compared to the previous year and this trend is expected to continue during major construction projects in the country, the Ports Authority Tonga stated in its 2016 Annual Report released today. Container throughput hit a record high and ships calls increased by 19% during the same period. Net Profit After Tax was $2.2 million, an increase of 16% from the 2014/15 result, allowing shareholders increased dividends. Pulusi 'o e Fakamatala Fakata’u 2016 – Ma'u Mafai ki he Ngaahi Taulanga 'o Tonga.
Thursday 22 September 2016
Nuku'alofa, Tonga
The New Zealand Government is investing to improve aviation safety in eight Pacific Countries, including Tonga. Land users around airports are urged to attend consultations to be carried out before a national project commences in October 2016 focusing on Fua'amotu Airport (Tongatapu), Lupepau'u Airport (Vava'u), Salote Mafile’o Pilolevu Airport (Ha'apai) and Kuini Mata'aho Airport (Niuatoputapu). Satellite technology will be used to develop new flight approaches, which will improve the ability of aircraft to land safely.
Monday 19 September 2016
Nuku'alofa, Tonga
A $10 million pa'anga project to build the largest solar energy plant in Tongatapu, follows the signing of a long term Power Purchase Agreement between Tonga Power Ltd. and a Chinese power producer on September 12, 2016, for the construction and commissioning of a 2 Megawatt solar facility at at Mata-ki-‘Eua, which is expected to be fully operational by mid-2017.
Friday 2 September 2016
Nuku'alofa, Tonga
Digicel has launched faster internet connectivity to Ha'apai and Vava'u, which is five times faster than the current speed and it will also match data experience currently in Tongatapu. The internet speed will increase from 1Mbps to 5Mbps with 200Mbps capacity.
Friday 12 August 2016
Nuku'alofa, Tonga
The Tonga Government has today reaffirmed its confidence in the investment agreement made recently with the Ngati Tahu Ngati Whaoa Trust from New Zealand. The government stated that a recent judgment made by the New Zealand High Court against the current Chairman of the Trust "was a private matter which does not...affect the Agreement that exists between the Trust and the Tongan Government."
Thursday 11 August 2016
Nuku'alofa, Tonga
The National Reserve Bank of Tonga has recommenced the pay out of claims by depositors and creditors of the former Pacific International Commercial Bank. In a statement on August 11, the NRBT said that payments may be collected from the NRBT. The license of the PICB was revoked by the Reserve Bank on July 26.
Thursday 28 July 2016
Nuku'alofa, Tonga
The National Reserve Bank of Tonga wishes to assure the public that despite the revocation of the banking licence of Pacific International Commercial Bank (PICB) effective from 26 July 2016, the banking system remains sound. While PICB represented a very small proportion of the total banking system, the banks in Tonga continue to be profitable and maintain strong liquidity and capital position.
Wednesday 25 May 2016
Nuku'alofa, Tonga
The public is advised by the National Reserve Bank of Tonga to take heed of the requirements for the removal of cash from Tonga, and for cash entering Tonga, in order to avoid any unnecessary delays in arrangements for travel or export of cash. Reserve Bank Permission is required for removal of cash exceeding T$10,000 or its equivalent in any other currency and all applicants must submit their applications to the Reserve Bank at least three days prior to the departure date from Tonga.
Wednesday 11 May 2016
Nuku'alofa, Tonga
Five new Shared Directors for Tonga's Transport Sector Public Enterprises have been named by the Ministry of Public Enterprises on May 9. The Transport Sector Board includes the Ports Authority Tonga, Tonga Airports Limited and Friendly Islands Shipping Agency.
Friday 24 July 2015
Nuku'alofa, Tonga
The National Reserve Bank of Tonga wishes to inform the general public that the license of Melie-Mei-Langi Co. Ltd has been revoked and is no longer authorized to conduct foreign exchange business. Members of the public are encouraged to report to the National Reserve Bank of Tonga any person or business that is advertising or providing foreign exchange services but are not authorized dealers or authorized restricted dealers.
‘Oku fanongonongo atu foki ke fakatokanga’i ange ‘e he kakai ‘o e fonua kuo kaniseli ‘a e laiseni ‘o e kautaha Melie-mei-Langi Co. Ltd pea kuo ‘ikai ke fakamafai’i ke toe fetongi pa’anga muli.
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