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 19 March 2025
Nuku'alofa, Tonga
Commonwealth Day takes place on the second Monday in March and is celebrated in Commonwealth countries across the world through a range of faith and civic gatherings, school assemblies, flag-raising ceremonies and cultural events.
Wednesday 19 March 2025
Nuku'alofa, Tonga
Ko e ‘Aho ‘o e Kominiueli ‘oku faka’ilonga’i ia ‘i he Monite hono ua ‘o e mahina ko Ma’asi ‘i he ta’u kotoa pe, pea ‘oku katoanga’I fakamamanilahi ia ‘i he ngaahi fonua Komiueli ‘o mamani ‘aki ‘a e ngaahi katonga kehekehe ‘o hange koia ko e ngaahi houa lotu mekehe mo e ouau malanga ki hono fakamanatua ‘o e ‘aho mahu’inga ni. ‘Oku kau ki he ni ‘a e ngaahi katoanga fakasiosiale ‘i he ngaahi komiuniti mo hono fakamanatua ‘i he ngaahi ako’anga mo e ngaahi katoanga tukufahaholo ‘a e ngaahi fonua Kominiueli.
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.
Saturday 1 March 2025
Nuku'alofa, Tonga
For decades, construction in Tonga was a male-dominated field. That’s changing. Women like ‘Ofa Halatanu and Susana Fihaki are now working as engineers, leading teams and shaping the the country’s future. This International Women’s Day, Australia is proud to stand with Tongan women who are quite literally breaking new ground.
Monday 24 February 2025
Suva, Fiji
Two University of the South Pacific (USP) students from Tonga, first-year student Petina Akolo and post-graduate student Linda Filiai, believe that upskilling their qualifications is the key to further opportunities. USP's Tonga Campus Director, Dr Robin Havea said new and continuing students for Semester 1 are now strongly encouraged to register for their courses online.
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.”
Saturday 15 February 2025
Nuku'alofa, Tonga
SPBD Tonga announced a new partnership with Luna‘Eva & Sons Distributors in Tonga. Fine Tu’ipulotou, General Manager of SPBD Tonga said, “This collaboration will empower many families and entrepreneurs in Tonga to access a greater range of white goods products they need to build a brighter, more sustainable future. Together, we are committed to fostering sustainable growth and improved living conditions across the communities we serve.”
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.
Wednesday 11 December 2024
Nuku'alofa, Tonga
The 30th anniversary of Spare Parts Zone (Tonga) is a remarkable milestone, said ANZ Tonga Country Head David Dudley. SPZ Tonga has been the leading supplier of automotive spare parts in Tonga since 1994, with ANZ Tonga supporting them from the start.
Monday 2 December 2024
Brisbane, Australia
'Unaloto Va'inga from Navutoka was one of the first Tongan women to work in meat processing through the Pacific Australia Labour Mobility (PALM) scheme – now she’s paving the way for more women to sign up and succeed.
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.
