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Friday 2 December 2016

Nuku'alofa, Tonga
The first ever shipment of Tongan squash to China left Tonga this week, after Tongatapu exporter Nishi Trading successfully passed a strict quarantine inspection on Saturday, 26 November 2016. This important achievement took 18 months of negotiation and inspections leading to an initial protocol between the Governments of China and Tonga in May. This initiative was supported by PHAMA - the Pacific Horticultural & Agricultural Market Access Program.
Friday 2 December 2016

Nuku'alofa, Tonga
Growth in cargo volumes and the number of ships calling at the Port of Nuku’alofa, as well as operating efficiencies has resulted in a record dividend of $$1,617,862 for the financial year 2015/16 for the Ports Authority of Tonga. The dividend was declared by the Board of Directors on 1 December 2016, during their Annual General Meeting in Nuku'alofa, when the Chairman Mr Stephen Edwards, presented a dividend cheque to the Minister for Public Enterprises, Poasi Mataele Tei, for the shareholder, the Government of Tonga.
Wednesday 30 November 2016

Nuku'alofa, Tonga
An 18 month long project to support the development of the vanilla industry in Vava'u this year has also helped Tonga's MAFF and Australian development partners to better understand the challenges and opportunities faced by vanilla growers and the vanilla industry. Over 100 vanilla growers were directly assisted and 328 plantations monitored under the project, which has identified a need for new plantings, particularly on small family plantations.
Wednesday 30 November 2016

Nuku'alofa
Tonga's Minister for Public Enterprises, Hon. Poasi Tei received a dividend cheque of $4,345,262 pa'anga, presented by the Chairman of the Common Utilities Board of Directors, Carl Sanft on November 29. The Combined Utility Dividend for the year 2016 goes to the Government of Tonga, being the sole shareholder of power, water and waste utilities and the subsidiary companies Tonga Gas Ltd. and Home Gas Ltd.
Wednesday 9 November 2016

Nuku'alofa, Tonga
Bank South Pacific Tonga is encouraging schools to join in its annual "Go Green School Clean Up Day 2016" this Friday 11 November 2016. With the message "Rethink, Reuse, Recycle!" the Go Green Campaign pulls together communities to pick up rubbish on their streets, schools and around the area where they live.
Wednesday 2 November 2016

Nuku'alofa, Tonga
Bank of South Pacific Tonga Ltd. last week opened new sub branches at Ha'apai and ‘Eua with fully Automated Teller Machine (ATMs) installed. BSP Country Head, Daniel Henson said renovations at the Vava'u branch were also opened by the Governor of Vava'u, Lord Fulivai, attended by the Chairman of Bank South Pacific, Sir Kostas Constantinou OBE.
Friday 23 September 2016

Nuku'alofa, Tonga
The Ha'apai solar farm project - an on-grid project which will become the first utility scale solar energy generation facility in Ha’apai - was visited yesterday by Australian Minister, Senator Concetta Fierravanti-Wells and her delegation who were welcomed by Tonga Power Ltd. staff and the Governor of Ha'apai, Mo’ale Finau. Australia has contributed AUD$5.7 million towards Tonga's Outer Islands Renewable Energy Project in co-financing with the Asian Development Bank and the European Union.
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.
Thursday 8 September 2016

Nuku'alofa, Tonga
The G20 Summit held in Hangzhou, China, has for the first time put the issue of development front and center of the global macro policy framework. In addition, a great breakthrough addressing climate change was witnessed. The Summit concluded with solutions that addresses both the symptoms and root causes of the global economic problems.
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.
Friday 1 July 2016

Nuku'alofa, Tonga
The Electricity Commission has approved the new power tariff of 72.11 seniti/kWh or a 2.12 seniti increase per kWh effective for the power consumption from 1st July 2016. The 2.12 seniti/kWh is an increase in the fuel tariff component for the price of electricity. This is due to the increase in the price of diesel which has gone up by 16 seniti since February 2016 as advised by the Competent Authority.
Friday 1 July 2016

Nuku'alofa, Tonga
Tonga Communications Corporation handed over a dividend cheque of $1.213 million pa'anga to the Government of Tonga as shareholder in the full and final dividend payment for the last financial year 2014-15. This is the second consecutive year that TCC is paying a dividend in excess of $1 million pa'anga, and growing rapidly year on year over the last five years.
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 26 February 2016

Nuku'alofa, Tonga
Tonga’s current electricity tariffs will be cut by 11% on meter readings from 1 March, bringing tariffs down to 69.99 seniti per unit - the lowest since 2008, the CEO of Tonga Power Ltd., Robert Matthews, announced on 25 February, and the benefits will be passed on to all electricity consumers in Tongatapu, Vava’u, ‘Eua and Ha’apai.
Friday 15 January 2016

Nuku'alofa, Tonga
Tonga Asset Managers and Associates Ltd. (TAMA) presented its first dividend of $50,000 to Hon. Poasi Tei, Minister of Public Enterprises, for its shareholder, the Government of Tonga on 9 December.

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