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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 The license of the PICB was revoked by the Reserve Bank on July 26.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.
Friday 15 January 2016

Nuku'alofa, Tonga
Tonga Airports Ltd. has declared a $1.3 million pa'anga annual dividend for 2014-15 - its highest dividend amount payable to its shareholder the Government of the Kingdom of Tonga.
Monday 28 December 2015

Nuku'alofa, Tonga
For the cause of human development and progress, the year 2015 is a significant year ... Both China and Tonga are developing countries. Our people suffered from a similar scourge, and both have travelled a path fraught with hardship. So China has a clear idea of the challenges faced by Tonga and has provided continuous support for Tonga’s sustainable development. In 2015, China and Tonga helped each other on the international stage and the bilateral relations keep improving with fruitful achievements and bring benefits to our people. By H.E. Huang Huaguang.
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Thursday 10 December 2015

Nuku'alofa, Tonga
Tonga Power Ltd. paid its highest dividend to the Government of Tonga, handing over a cheque for $2 million pa'anga on December 8. The 2014-15 dividend represents a 27% increase on the previous year's return to government.
Friday 16 October 2015

Nuku'alofa, Tonga
Tonga Power Ltd. (TPL) is taking the next step in the continuing modernization of its network to provide customers a more efficient and reliable electricity supply.
Monday 27 July 2015

Nuku'alofa, Tonga
Tonga will welcome delegates from the Pacific Islands to the 25th Pacific Power Association Conference and Trade Exhibition next year, 2016, with a theme “Integrating Renewable Energy with Conventional Generation”.
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.
Monday 6 July 2015
Nuku'alofa, Tonga
The Reserve Bank has revised its Exchange Control Policy Guidelines with effect from 1st May 2015. The Exchange Control Policy Guidelines outlines the supporting documentary evidence that must be sighted by the commercial banks, authorized foreign exchange dealers and the Reserve Bank prior to allowing any overseas payments to be made. Fanongongo mei he Pangike Pule Fakafonua ‘o Tonga fekau’aki moe Liliu ki he Tohi Fakahinohino ki he Ngaahi Tohi ‘oku Ngaue’aki ko e Fakamo’oni ki he Fetongi Pa’anga Muli.

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